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Dogecoinanalysis

DOGECOIN-USD bucking the sleepy Crypto trend Saturday If you want to see a strong chart structure, open a chart of Dogecoin-USD, it kind of reinforces that it means business in its pricing going much higher, plus you start to understand why many Crypto-gurus and collectors have this one in their Top 10 right up there with the likes of Bitcoin and Solana. I am a holder, but I noticed all of the other Crypto is in the red today, and this one is doing all the work and heavy lifting.
EIGHTCAP:DOGEUSDLong
by Easy_Explosive_Trading
Doge Jump 7% as Musk Touts “D.O.G.E” at Trump’s CampaignIn a surprising twist, Dogecoin ( CRYPTOCAP:DOGE ) surged 7% late Thursday, crossing the 13-cent mark for the first time since late July. The price rally came after Elon Musk introduced his concept for a "Department of Government Efficiency" (D.O.G.E) during a Pennsylvania town hall in support of Donald Trump’s presidential campaign. The proposed department, aiming to streamline government spending, has sparked a wave of speculative trading in Dogecoin, fueled by Musk’s association with the popular meme coin. Musk’s D.O.G.E Proposal: A New Meme to Power Dogecoin? At the town hall, Musk suggested the creation of D.O.G.E as part of Trump’s broader political agenda, a department aimed at making government spending more efficient while reducing bureaucracy. The idea of running government departments with corporate-like incentives caught the attention of the crypto community, leading to a surge in interest in Dogecoin. Musk’s consistent backing of Dogecoin, combined with his growing political influence, has played a significant role in the market’s reaction. Crypto traders are now speculating that a Trump victory in 2024 could lead to more mentions of “D.O.G.E” in government, driving retail attention back to Dogecoin in a big way. Dogecoin’s 7% Price Surge: Fundamentals at Play Dogecoin’s 7% price jump brought its value to over 13 cents, outperforming the broader market. Bitcoin, by comparison, rose just 1% in the same 24-hour period. Over the past week, DOGE has gained more than 22%, making it one of the top-performing major tokens. Several key factors contributed to this rise: 1. Musk’s Influence: Musk’s public support of Dogecoin has always been a catalyst for price movements. From Tesla to SpaceX, Musk’s ventures have regularly featured Dogecoin in some form, further legitimizing it in the eyes of retail investors. 2. Open Interest Surge: Open interest in Dogecoin-denominated futures spiked to over 5 billion tokens, a clear sign that volatility is on the horizon. Higher open interest alongside rising prices indicates that bullish momentum is strengthening. 3. Political Implications: As Musk positions himself as a supporter of Donald Trump’s campaign, some traders believe that a future Trump administration could lend more credence to the D.O.G.E meme, keeping Dogecoin in the spotlight. Technical Analysis: Can DOGE Reach $1? From a technical standpoint, Dogecoin is currently trading within an overbought region, with a Relative Strength Index (RSI) of 78. This suggests that while the recent price surge is impressive, there may be some short-term pullbacks due to profit-taking. However, the longer-term outlook remains optimistic. - Support and Resistance Levels: Dogecoin’s immediate resistance level sits at $0.14, while support is around $0.12. A sustained break above the $0.14 mark could pave the way for Dogecoin to challenge higher levels. - DCA Strategy: Traders looking to capitalize on Dogecoin’s potential should consider a Dollar Cost Averaging (DCA) strategy, buying during dips to mitigate risk. Given the market’s volatility, DCA allows investors to build a position over time, reducing exposure to sudden market corrections. - Dogecoin to $1?: The age-old debate about whether Dogecoin can reach $1 continues to linger. While some analysts point to the fragmentation of liquidity among numerous meme coins as a reason for Dogecoin’s underperformance, others argue that Dogecoin’s familiarity and the paradox of choice could work in its favor. When retail investors are faced with hundreds of new meme coins, many may choose to stick with what they know—Dogecoin ( CRYPTOCAP:DOGE ). The Road Ahead: Memecoins and the Retail Investor One of the most interesting aspects of the current memecoin market is the sheer number of options available to retail investors. Platforms like Pumpfun and GraFun have enabled the creation of millions of new meme coins, fragmenting liquidity and making it harder for any single coin to dominate. However, this same fragmentation could ultimately work in Dogecoin’s favor. As one prominent trader noted: *"When retail is presented with the option of choosing between a million different meme coins, they’re likely just going to go for the biggest and most familiar one they played with last cycle. DOGE to $1 is a meme until it isn't." The increasing complexity of the memecoin market, combined with Musk’s continued influence, could indeed set the stage for Dogecoin to break past the elusive $1 mark in the future. For now, the best course of action for traders is to remain vigilant, stay informed about market developments, and consider gradual accumulation during dips. Conclusion While Dogecoin’s future is always uncertain, its recent performance shows that it continues to be a major player in the cryptocurrency space. Musk’s influence, combined with the speculative buzz around the D.O.G.E meme, suggests that Dogecoin ( CRYPTOCAP:DOGE ) could continue to surprise traders and investors alike. Whether or not it reaches $1 remains to be seen, but Dogecoin’s ability to rally in the face of both market and political developments is undeniable. As always, traders are advised to manage their risk, take advantage of dips, and keep an eye on the memecoin landscape.
Long
by DEXWireNews
DOGE - Watch These 3 BULLISH SIGNSDOGE has given us THREE very bullish indications: - Successful W-Bottom Pattern in the Daily - Higher lows Doge is also one of few alts that has been gradually making HIGHER HIGHS. This shows that the buyers have been driving the price up constantly. Furthermore, the daily price has reclaimed and CLOSED candles above the 200d moving averages; another strong bullish sign: With the current momentum and buying pressure showing up, it seems likely that DOGE will smash right through the next resistance zone as pointed out. (That is, naturally, IF BTC remains stable over the weekend). _____________________________ BINANCE:DOGEUSDT
Long
by CryptoCheck-
1
Dogecoin Analysis==>>Bat Harmonic Pattern!!!Today, I want to analyze the Dogecoin(DOGE) project for you. On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency. Regarding Technical Analysis , Dogecoi n is moving near the upper line of the symmetrical triangle , Potential Reversal Zone (PRZ) , Resistance lines and 200_SMA(Daily) . So, Dogecoin faces some resistance. Also, Dogecoin(DOGE) was able to make a Bearish Bat Harmonic Pattern . I expect Dogecoin will fall to $0.119(at least/-10%) . Dogecoin Analyze ( BINANCE:DOGEUSDT ), Daily time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
Dogecoin - This Leads To Two Digits!Dogecoin ( CRYPTO:DOGEUSD ) will hit two digits soon: Click chart above to see the detailed analysis👆🏻 It is the third time that Dogecoin is creating the same pattern. A couple of months ago Dogecoin broke out of a symmetrical triangle pattern and is now retesting previous horizontal structure. After we see bullish confirmation on the smaller timeframes, the next parabolic rally will start. Levels to watch: $0,12 Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
19
Elon Musk’s $75 Mln Donation to Trump & the Impact on DogecoinCould CRYPTOCAP:DOGE Hit $1? In a striking move, Elon Musk, one of the most influential figures in both tech and crypto, has once again made headlines—this time for his massive $75 million donation to support Donald Trump’s presidential campaign. As Musk campaigns for Trump, Dogecoin ( CRYPTOCAP:DOGE ), the meme cryptocurrency Musk has championed, has seen a surge in price. Could this lead CRYPTOCAP:DOGE to hit $1? Elon Musk’s Role in Trump’s Campaign Musk’s $75 million donation to the America PAC, a pro-Republican group supporting Donald Trump, has positioned him as one of Trump’s top donors. This America PAC, which Musk created, champions core values such as secure borders, sensible spending, and free speech—principles that align with Trump’s policy objectives. Musk's political move also includes a series of campaign talks in Pennsylvania, one of the key battleground states in U.S. presidential elections. His influence in boosting Trump’s odds in Pennsylvania has already become apparent, with data revealing that Trump is 14% ahead of Kamala Harris in the state. Beyond the donation, speculation has risen about Musk’s role in the proposed "Department of Government Efficiency" (DOGE), a political initiative tied to Trump’s vision for improving government operations. This has led to renewed optimism for Dogecoin, with traders and investors anticipating a strong correlation between Musk’s political influence and CRYPTOCAP:DOGE ’s price trajectory. DOGE Price Gains Amid Political Buzz As of the time of writing, Dogecoin ( CRYPTOCAP:DOGE ) is trading at $0.1247, up nearly 7% in the last 24 hours. This surge comes despite broader selloffs in the crypto market, showing Dogecoin’s resilience. Volume has also spiked by over 50%, indicating renewed interest and momentum for the meme coin. Investors have flocked to CRYPTOCAP:DOGE , speculating that Musk’s close ties to the Trump campaign and potential government positions could help propel the coin higher. Rumors of Dogecoin reaching $1 have started circulating again as Musk’s political moves boost both optimism and price action. Technical Outlook From a technical perspective, Dogecoin ( CRYPTOCAP:DOGE ) is currently riding a wave of bullish momentum. The coin is trading above key moving averages, such as the 50-day and 100-day moving averages, which is a strong bullish indicator. CRYPTOCAP:DOGE has been in a prolonged falling wedge pattern, a classic bullish reversal setup. The Relative Strength Index (RSI) currently sits at 67, just below the overbought territory. This indicates that while CRYPTOCAP:DOGE still has room to grow, traders should be cautious of a potential short-term correction if the RSI crosses into the overbought range. Immediate resistance is set at the $0.15 pivot point. If CRYPTOCAP:DOGE breaks through this level, it could move into a more aggressive bullish phase, potentially pushing toward the much-anticipated $1 mark. However, failure to break this resistance could see the coin retrace to its support level around $0.12. Below this, CRYPTOCAP:DOGE could revisit its one-month low of $0.10. Is CRYPTOCAP:DOGE Primed for Growth? Dogecoin’s fundamental outlook has always been heavily tied to Elon Musk’s influence, and this latest move adds more fuel to the fire. Musk’s advocacy for the cryptocurrency and his high-profile donation to Trump’s campaign have bolstered confidence in the coin. Musk’s public appearances and ongoing support for Dogecoin ( CRYPTOCAP:DOGE ) have previously sparked massive price surges, as seen when CRYPTOCAP:DOGE rallied to $0.74 in 2021. With the upcoming U.S. election and Musk’s increased visibility, the possibility of a similar rally is not out of the question. Additionally, Musk’s involvement in the proposed "Department of Government Efficiency" ( CRYPTOCAP:DOGE ) under a Trump administration could provide CRYPTOCAP:DOGE with newfound utility, further elevating its value. This initiative could serve as a bridge between traditional governance and decentralized financial solutions, potentially opening doors for CRYPTOCAP:DOGE in the policy arena. What’s Next for Dogecoin? As the U.S. presidential election draws closer, CRYPTOCAP:DOGE may continue to see heightened volatility, driven largely by political developments and Musk’s involvement. If the momentum continues and Dogecoin breaks through key resistance levels, the $1 milestone could become a reality. For now, the immediate focus is on whether CRYPTOCAP:DOGE can maintain its bullish momentum as it approaches the $0.15 resistance. Investors are keeping a close eye on both the crypto market and the broader political landscape, which will likely have a profound impact on the meme coin’s future. Conclusion Elon Musk’s $75 million donation to Trump has not only amplified the political discourse but also reignited excitement for Dogecoin ( CRYPTOCAP:DOGE ). While CRYPTOCAP:DOGE has already seen impressive gains, much hinges on the upcoming election and whether Musk’s influence can continue driving the meme coin higher. Both technically and fundamentally, CRYPTOCAP:DOGE is positioned for potential growth, but as with any asset, caution and careful monitoring of market conditions are key. Could CRYPTOCAP:DOGE hit $1? Only time will tell, but with Musk’s backing, nothing seems impossible.
Long
by DEXWireNews
Dogecoin ($DOGE) Primed for a Rally as Key Metrics Turn BullishDogecoin ( CRYPTOCAP:DOGE ) has been showing promising signs that it could be on the verge of a significant rally, with on-chain data pointing to bullish developments. Increased short-term trading activity, whale accumulation, and a surge in active addresses suggest that CRYPTOCAP:DOGE could soon see a strong upward price movement. Whale Accumulation One of the most telling indicators of Dogecoin’s potential rise is the behavior of large holders, or "whales." According to recent data from Santiment, whales holding between 1 and 10 million CRYPTOCAP:DOGE have accumulated over 2.07 billion CRYPTOCAP:DOGE in just one week. This level of whale activity marks the largest accumulation of Dogecoin since January and signals growing confidence among larger holders. Historically, whale accumulation precedes significant price rallies, as these large investors often have insider knowledge or access to market trends. Active Addresses Surge In the last few weeks, the number of active Dogecoin addresses surged to over 133,880, the highest level in eight months. This sharp increase in participation demonstrates renewed interest in CRYPTOCAP:DOGE from both new users and long-term holders. A rise in active addresses typically reflects increased trading activity, which could lead to higher demand and, in turn, upward price momentum. Increased Short-Term Trading Activity Another key metric supporting a potential rally is the surge in short-term trading activity. Over 110,000 short-term traders have been actively trading CRYPTOCAP:DOGE in the past week, far surpassing other meme coins like Shiba Inu and Pepe. This heightened trading volume highlights that CRYPTOCAP:DOGE remains a favorite for speculative traders looking to capitalize on quick price movements. As trading volume grows, it often precedes larger, sustained rallies, especially in the memecoin sector. Historical Patterns Dogecoin’s recent price movement aligns with its historical behavior following breakouts from a multi-year descending triangle pattern. This particular technical setup has been a precursor to major price rallies for CRYPTOCAP:DOGE in the past, with the coin experiencing surges of up to 200% after similar breakouts. For example, CRYPTOCAP:DOGE saw a 200% price increase after breaking out of this pattern in 2015, and another massive rally followed similar breakouts in 2017 and 2021. Currently, Dogecoin ( CRYPTOCAP:DOGE ) is showing signs of breaking out from another descending triangle, which could lead to a midterm rally pushing the price up to $0.2236. At the time of writing, CRYPTOCAP:DOGE is trading at $0.1111, reflecting a 2.92% increase in the last 24 hours. If the historical trend holds, this breakout could set the stage for another significant bull run. Rising Trend Channel and RSI Technically, CRYPTOCAP:DOGE is trading within a rising trend channel, showing upward momentum. The Relative Strength Index (RSI) currently sits at 61.90, indicating that the asset is neither overbought nor oversold. An RSI in this range suggests that there is still plenty of room for upward price movement without the risk of an imminent correction. Moreover, the appearance of a bullish engulfing pattern on the daily price chart signals that Dogecoin could be gearing up for further gains, especially after a period of consolidation. Key Levels to Watch The $0.12 pivot is a critical level for Dogecoin ( CRYPTOCAP:DOGE ). If the price can break and hold above this point, it could signal the start of a new rally, potentially pushing the price toward $0.2236 in the midterm. Additionally, with Bitcoin ( CRYPTOCAP:BTC ) trading at $65,000, the broader crypto market sentiment could positively influence Dogecoin’s price, as altcoins often mirror Bitcoin's movements during bull runs. Broader Market Conditions In addition to on-chain data and technical analysis, broader macroeconomic factors could play a role in Dogecoin’s price trajectory. The overall crypto market sentiment has been improving, driven by positive investor sentiment and rising interest in digital assets as inflation concerns persist. Dogecoin ( CRYPTOCAP:DOGE ) has historically benefited from such bullish market conditions, especially when key figures like Elon Musk or other high-profile endorsers mention the coin. Conclusion: Is CRYPTOCAP:DOGE Ready for a 200% Surge? Dogecoin’s recent price action and on-chain metrics suggest that the memecoin could be primed for a substantial rally. Whale accumulation, a surge in active addresses, and increased short-term trading activity all point to growing confidence in CRYPTOCAP:DOGE ’s future. Technically, Dogecoin’s breakout from a descending triangle pattern and its rising trend channel further support the possibility of a 200% surge, with a target price of $0.2236 in the coming weeks. While the cryptocurrency market remains volatile, and CRYPTOCAP:DOGE ’s memecoin status leaves it vulnerable to speculative trading, the signs are positive for those looking for the next major rally. As always, investors should proceed with caution, but the stars seem to be aligning for another impressive Dogecoin ( CRYPTOCAP:DOGE ) bull run.
Long
by DEXWireNews
4
DOGE PARABOLIC?? First, watch for these TWO CONDITIONS Dogecoin has been one of my top altcoins to watch for 2024, and it's likely going to be a key player in the parabolic runs during the next impulse wave UP. If you've been following for a while, you'll know I've been anticipating impulse wave 4-5 around December ( according to Elliot Wave Theory). Across many altcoin charts, we see very clear bottoms as the prices are making their way to the fist major resistance zones. We see it HERE, on Avax: HERE on FETCH: And even on ADA, Here: ______________________________ BINANCE:DOGEUSDT
Long
by CryptoCheck-
2
#DOGEUSD 1DAYDOGEUSD: Daily Downtrend Breakout - Buy Opportunity The DOGEUSD pair is showing a significant breakout from its recent downtrend, signaling a potential reversal in momentum. After a sustained period of downward movement, price action has breached key resistance levels, suggesting increased buying interest. Key Highlights: Confirmation: The breakout above the resistance line indicates a shift in market sentiment, potentially attracting more buyers. Volume Spike: A notable increase in trading volume during the breakout supports the validity of this move, suggesting strong momentum behind the price action. -Technical Indicators: RSI and MACD are turning bullish, further reinforcing the idea of a possible upward trend. Actionable Insight: This presents a promising buying opportunity for traders looking to capitalize on the potential recovery in DOGEUSD. Setting a stop-loss just below the breakout level can help manage risk while allowing for upside potential as the market seeks to establish a new support zone. Stay vigilant for further confirmations and adjust your strategy accordingly!
BINANCE:DOGEUSDLong
by PIPSFIGHTER
DOGEUSD about to Breakout! About 5% up on Thursday As many expected, Cryptocurrency has been on fire since FOMC interest rate cut. During Thursday trading most were up around 5% or more. What I notice about Cryptos is that they are sensitive to the overbought scenario and when the liquidity occurs and they are all aligned in more of an oversold condition, the buyers start flooding back in because they know they are sitting on a Value-Product at a bargain oversold price & that can only mean higher prices returning really soon. DOGEUSD until early August was tracking downwards in price in a huge falling-wedge, but jumped out of this wedge and has been consolidating, put on around 5% during yesterday Thursday and is ready to bust upwards in what will be a huge breakout for DOGEUSD, BITCOIN and many of the other BIG-CRYPTO names!
EIGHTCAP:DOGEUSDLong
by Easy_Explosive_Trading
DOGECOIN 2024 — A Massive Breakout Coming?Hello, fellow traders! I'm excited to share an intriguing analysis with you today. Let's explore how Dogecoin DOGEUSD might be following in the footsteps of Stellar's XLMBTC remarkable 2017 bear market and 2018 bull run. By comparing historical charts of Stellar with the current movements of Dogecoin, we could uncover patterns suggesting a significant breakout for DOGE this year and into the next. This insight might help you spot potential trading opportunities in the market. Stellar's 2017 Journey On the top chart, we have Stellar XLMBTC chart from 2017 and 2018: All-Time High (ATH) of 2017: Stellar reached its ATH, followed by a period of declining lower highs during the summer months. Accumulation Phase: Mid-autumn brought an accumulation zone, indicating consolidation before the next big move. Wedge Pattern Formation: A wedge pattern emerged, leading to increased bullish momentum. Breakout to New Highs: Post-wedge, Stellar entered a phase of higher highs, establishing a new ATH at the beginning of 2018. Dogecoin's Current Path Now, let's examine Dogecoin DOGEUSDT on the 3-day timeframe: ATH in May 2021: DOGE hit its ATH and then began a decline into a lower highs zone. Accumulation Zone Since Mid-2023: Like Stellar, DOGE was in an accumulation phase that lasted until 2024. Wedge Pattern Development: In 2024, DOGE formed a wedge pattern, with the price currently residing within this formation. Moving Averages Alignment: Interestingly, the moving averages on both charts behave almost identically, reinforcing the pattern similarity. What This Could Mean The parallels between DOGE and XLM suggest that Dogecoin might be bottoming out and could be on the verge of a significant breakout. While history doesn't always repeat itself, these patterns are worth paying attention to. What are your thoughts on this comparison? Do you think Dogecoin is set to follow Stellar's past performance? Share your insights or any questions you have in the comments below — I’d love to hear your perspective! Remember, the crypto market can be unpredictable. It's essential to protect your capital and manage risks appropriately. A fundamental risk management strategy is to use no more than 1% of your capital per trade. If you found this analysis helpful, please like this post and follow me for more cryptocurrency insights. Stay tuned for more updates!
CRYPTO:DOGEUSDLong
by ArShevelev
1
A Decade of DOGECOIN Brilliance. x100 Potential Hidden?!🎉 Happy 10th Anniversary, DOGECOIN! 🎉 December 6th, marks the 10th anniversary of DOGECOIN's genesis. Initially created as a light-hearted meme coin, it's become a significant player in the crypto space. The BINANCE:DOGEUSDT price chart tells an intriguing story. Currently, it's showcasing a repeating pattern – Descending Triangles. These patterns have historically been precursors to substantial upward movements. Dive into the clear chart representation here: In the past, these triangles paved the way for remarkable gains, including an x66 surge in 2017 and an astonishing x238 leap in 2021, fueled by none other than Elon Musk. On the weekly timeframe, this movement resembles a light breath, but in reality, holding onto this for the long term can be a challenging task. It's crucial to approach it with a solid risk management strategy. Strap in for the ride and ensure you're equipped for the DOGE rollercoaster!
CRYPTO:DOGEUSDLong
by ArShevelev
20
DOGE wait for breakThe Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈. Analysis: - Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯. - Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁. - Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑. Key Points: - Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼. - Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊. Signal: - Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.
Long
by ahmadarz
3
DOGE FRACTAL : Don't Lose Hope! BEST YET TO COME DOGE has been trading undeniably bearish over the past few weeks, as we see significant signs of bearish price action: - 📉 lower highs - 📉 lower lows However, if we take a look at a fractal that played out between Dec 2023 - Feb 2024, there is definitely a chance for a PARBOLIC PUMP. Watch this short video to find out how (there are TWO SIGNS we need to see on the chart BEFORE we can seriously consider this). Make sure you catch my update on Bitcoin, because ultimately BTC determines the direction of the market. Therefore it's vital to watch the trendsetter! ________________________ BINANCE:DOGEUSDT
by CryptoCheck-
With break patternHere is an analysis of the Dogecoin (DOGE/USDT) chart📊 Key Levels: 1. Support Base : Around 0.09371 USDT , this area acts as a significant support where the price has previously bounced back. 🛡️ 2. Resistance Levels : - The chart shows 0.10791 USDT (marked as TP-2) acting as a resistance point, which has been tested several times. ⚔️ - Higher target levels (TP-3 at 0.11360 and TP-4 at 0.12016) indicate potential for bullish movement if the price continues upward. 📈 Pattern: - Again Pattern : The chart highlights an "again pattern," suggesting a potential repeating price structure near the 0.10791 USDT resistance zone. This could be a reversal or rejection point. 🔄 - Trendlines : A downtrend is drawn from the top near the resistance, connecting lower highs, making it a critical point to watch for a breakout. 📉 - Consolidation : Price seems to be consolidating near the trendline, which typically indicates a potential breakout. 🔍 Potential Strategy: - Entry Point : Current price around 0.10223 USDT shows consolidation near a key trendline. A breakout above this trendline could signal a bullish move. 🚀 - Risk/Reward : The suggested "Save profit in R/R=2" indicates a risk-to-reward ratio of 2:1, targeting higher levels (TP-1: 0.10541, TP-2: 0.10791). 💰 - Stop Loss : The red zone around 0.10059 USDT indicates a stop-loss area, below the current consolidation, protecting against downside risks if the price fails to break out. ❌ Conclusion: This chart presents a bullish outlook if Dogecoin breaks above the trendline. A potential breakout could lead to targets near 0.10791 USDT or higher. However, caution is necessary if the price drops below the 0.10059 USDT stop-loss level. ⚖️ --- 📊 Analysis by AhmadArz 🔍 Entry : 0.1035 🛑 Stop Loss : 0.1005 🎯 Take Profit : 0.1054, 0.1077, 0.1136, 0.1201, 0.1260 --- 🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz." 💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets. 🚀 Please boost and 💬 comment to share your thoughts with us!
Long
by ahmadarz
DOGEUSDT ( REMAIN ABOVE TURNING LEVEL ) ( 4H )DOGEUSDT HELLO TRADERS in the last chart as mentioned if the price breaking turning level active the upward trending , currently price remain above a turning level . Tendency, the price trading above turning level at 0.099, this makes the upward direction active. Upward Zone : currently the price remain turning level at 0.099 , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 0.115 , then by closing 4h candle above it reach resistance level (2) at 0.128 . Downward Zone: by breaking turning level around 0.099 , the price dropping to reach a support level (1) at 0.091 , to confirm downward , the price need breaking 0.091 by open 4h candle below it to reach a support level (2) at 0.080 . TARGET LEVEL : RESISTANCE LEVEL : 0.0115 , 0.128 . SUPPORT LEVEL : 0.091 , 0.080 .
Long
by ArinaKarayi
3
DOGECOIN on the rise! Let's goo!Hello traders! At this very moment, we can feel some recovery after the market has been retracing and even piercing ATL on several coins. DOGE, however, has remained very solid and true to its uptrend. I've marked a certain confluence zone that could give us a hint as to what may happen. 1) We can see that when the price hit the 0.22 zone, it started to decline and range inside a triangle pattern. This pattern has never been broken on either side, so we can say the price has been in equilibrium for a long time now. Recently, the price bounced off the lower band of the triangle, creating an opportunity for us.   Possible confirmations would be a breakout of the downward trendline as shown in the chart above, followed by strong volume and a successful re-test.  2) TARGETS: The nearest one would be 0.16, which would act as a supply zone. After that, the wave is complete. We should wait to see how price reacts to the zone to confirm if the bulls will still be in control to drive the price even higher or if the steam is over and most likely will enter a ranging phase. This idea is to spot for the long term. This asset is still in balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a triangle pattern playing out right now. I hope you find it useful and are able to take advantage of this idea. Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio. Keep it shiny ⭐ Kina, The Girly Trader
Long
by KinaStar
3