Get started

Dogecoinanalysis

DOGEUSDT.1DLooking at the daily chart for DOGE/USDT, I'll provide a detailed technical analysis, highlighting the important trends and indicators that may influence trading decisions. Key Resistance and Support Levels: Resistance 1 (R1): $0.17386 - This level has previously acted as both support and resistance, indicating its significance. Resistance 2 (R2): $0.21158 - A higher resistance point that would require a strong bullish push to breach. Support 1 (S1): $0.12157 - A critical support level where buying interest previously emerged, potentially halting a further decline. Technical Indicators: Relative Strength Index (RSI): The RSI is at 46.92, which is below the neutral 50 mark but not yet in the oversold territory. This suggests there's still some bearish sentiment, but we could be approaching a region where buyers might start to see value. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, and both are trending downward, suggesting ongoing bearish momentum. The histogram also shows a negative value, which supports the bearish outlook. Trend Analysis: The chart shows a clear downtrend, indicated by lower highs and lower lows. This trend suggests a bearish sentiment prevailing in the market. However, the price approaching S1 could be crucial as this level has historically provided support. Conclusion: The DOGE/USDT market appears to be in a bearish phase, as suggested by both the price action and the technical indicators. Traders might consider looking for potential short positions as the price approaches resistance levels R1 and R2, with stops just above these levels to protect against potential breakouts to the upside. Conversely, if the price reaches S1 and shows signs of stabilization or reversal (e.g., bullish candlestick patterns or RSI moving back above 50), it could present a buying opportunity. Given the current downward trend, any buys should be approached with caution, keeping an eye on the MACD for any signs of a bullish crossover which might suggest a change in momentum. In essence, the current market setup suggests a bearish trend with potential buying opportunities at major support levels, provided there are confirmatory signals from other technical indicators.
by MarsSignals
Dogecoin Eyes Support, Can Bulls Regroup?Dogecoin (DOGE) has been under pressure recently, but a technical indicator suggests it may have found short-term support. On a 4-hour timeframe , DOGE found potential support at $0.1423 . This could be a sign that buyers are stepping in and could indicate a potential bounce in the near future. However, there's still resistance ahead for DOGE at $0.1532 . If bulls can't overcome this hurdle, the recent downward trend could continue. The key question for traders is whether the support at $0.1423 will hold on shorter timeframes. A break below this level could signal further weakness for DOGE. DYOR before step in.
BINANCE:DOGEUSDLong
by Z4F4R
4
DOGE - $0.30 Next Target, Elliot Waves📉Hi Traders, Investors and Speculators of Charts📈 Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here): The DOGE fractal I've been following has played out extremely well, and so I will continue to follow this fractal: Since we have now completed Elliot Wave 2-3, we are seeing the corrective phase of 3-4. This means we have yet another impulse wave upwards to look forward to after the correction is completed. Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. Fibonacci Ratio Relationship • Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2 • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50% • There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3 Therefore, if wave 3-4 does not retrace beyond wave 1 our next target price is around 0.33: The GOOD NEWS though, is that this could very well be a small part of a MARO cycle. I've previously explained that Elliot Waves can be like branches of broccoli - each wave makes up a part of a smaller or bigger wave, including ABC corrective waves in each impulse wave, as demonstrated by the front page chart. Previous DOGE idea where we first look at the fractal: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:DOGEUSDT
Long
by CryptoCheck-
5
💎 DogeCoin (DOGE) - New Investment Opportunities ! LONG ?By checking the #DogeCoin chart in the weekly time frame (logarithmic), we see that the price is trading in the range of $0.15 and the demand ranges in front of the price are $0.075 to $0.092 and $0.122 to $0.15! If the upward trend continues, the price targets are $0.229, $0.35, $0.374, and $0.75, respectively! The expected yield of this cryptocurrency in the long term is above 300%! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
16
Doge $Doge #Doge Doge on the daily is fighting and losing to the SMA50,it is below the SMA9 as well as the EMA20. It is falling off on volume as well as momentum and the BEARS are stepping back in. For the last 2 days it's been a perfect short if you just short from the SMA50. We still have a sell signal which never retreated regardless of this recent bounce. WE have decent support in the $0.11-$0.12 range/levels marked out. This level also coincides with the top from 12/6/22 as well as the bottom support from recent 3/19/24 dip. Below that we should find much greater support at $0.10 level which also gains further support from the SMA180 as well as the top from December 6th-9th of 2023. On the weekly we get a slighter different picture with us getting rejection on the weekly from the SMA9 but finding trend support around the EMA20. Even with an aggressive decline in the overall markets short of a true black swan event i do not see us breaking and staying below that level. Should this change, I will update as /when needed. For now, I would just focus on these levels for the entries and exits to play. If you ever wanted to follow early to accounts that stay in the game and up with what's going on and wish you made an appearance with them prior to them being bigger followings etc. this is a great opportunity lol with me, my larger OG account I've spent the last several years and all throughout the bear building was killed by X and now I'm starting over from scratch. I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame. I think that this can really help speed up learning for many and to open their minds to variables. As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so. Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders. I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have. For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms. Everyone stay safe and trade wisely and be careful with leverage in these uncertain times.
COINBASE:DOGEUSD
by rarebreed29
Dogecoin DOGE price is now at critical point, where to go next ?Today we'll talk about "the first of the memecoin family" - #Dogecoin The first thing I remembered is an article in January 2018 with the creator of CRYPTOCAP:DOGE , where he said that he was shocked that the capitalization of the coin he created as a joke in 2014 reached a capitalization of $2 billion. Moreover, in 2017, we personally often used Doge to transfer funds, because transactions took 5 minutes for a ridiculous fee. Now it's the norm, but in 2017, ERC-20 transactions were popular for $15-20 commission, but the transaction could take from a couple of hours to a couple of days, could easily get lost, and you had to write to the exchange support: where is the money?) That's a little nostalgia to make the oldies shed a tear :) In 2021, when a "pro at manipulating and pumping projects" got involved, Dogecoin's capitalization reached 90 billion and at the same time Doge had a "large community of holders" who bought at the highs. And as a result, they have been sitting in a drawdown for 3 years... But!!! There is a ray of hope and a chance that the price of #DOGEUSDT will reach $0.41 Not soon, and before that, there is still a chance to correct to $0.1, because now the DOGEUSD price has stuck to a strong mirror level, which is difficult to break through at first. By the way, we wrote publicly in mid-2023 about Doge that "someone buying it" and its pump still coming, with a forecast for a pump in Q2 2024 :) Read it if you are interested. Since then, the price of Doge has made a good x3. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
13
The Dogecoin Dilemma: Will $DOGE Hold Strong or Succumb?The Dogecoin ( CRYPTOCAP:DOGE ) price experienced a significant decline of nearly 15% following the recent market downturn of cryptocurrencies, particularly Bitcoin. However, the cryptocurrency market remains optimistic ahead of the anticipated CRYPTOCAP:BTC halving, and the correction may provide traders with an opportunity to get CRYPTOCAP:DOGE at a good rate. Despite the market downturn, the Dogecoin ( CRYPTOCAP:DOGE ) price is still above a crucial support level marked by an ascending trendline. This support threshold has previously presented a notable buying opportunity twice before and could potentially serve as a jumping-off point for CRYPTOCAP:DOGE , especially with the presence of a hammer candle. A hammer candle is a bullish reversal pattern that appears when an asset's price has been falling, indicating that the market is attempting to determine a bottom with sellers capitalizing and buyers starting to step in and push the price back up. This pattern, accentuated by the Relative Strength Index (RSI) of 40.30, supports the bullish thesis. Furthermore, if the Bitcoin price shows strength, more buy orders may be encouraged, leading to the Dogecoin ( CRYPTOCAP:DOGE ) price reclaiming the $0.2287 local top. However, to reach this price point, the Dogecoin ( CRYPTOCAP:DOGE ) price must decisively reclaim the $0.2100 threshold. On the other hand, if selling pressure increases, the Dogecoin ( CRYPTOCAP:DOGE ) price may slip below $0.1606, thereby negating the bullish thesis and increasing the odds of further downside, potentially as low as the $0.1283 support, which would indicate a 25% drop below current levels.
by DEXWireNews
DOGE Premium SigmalHey, folks, three days ago I gave you an entry idea. But today, I saw that the moderator blocked my signal for violating advertising rules. But you know what? I'm sharing this trading pair with you again. Our entry into the position is golden! We're already in profit, so we're moving our stop loss to break even. I know one of the market maker groups that pumped Doge from 0.7 to 0.21 has already exited their position, and another group has fully bought back in and is ready to hold Doge until the next targets! Have a great day, and please show more support for my analysis! 🚀🐕
Long
by HedonistTrade
Dogecoin Surges 7.5% on Saturday, Up by 4.19% Monday Morning On April 6, the cryptocurrency Dogecoin ( CRYPTOCAP:DOGE ) demonstrated a noteworthy surge, outperforming the broader cryptocurrency market with a 7.5% increase in its price to $0.186, up by 4.15% Monday morning now trading at $0.207 as at the time of writing compared to the market's overall gain of 1.71%. This price rally highlights a bullish trend among top meme coins, reflecting a growing appetite for risk among traders. Memecoins, known for their speculative nature due to their minimal underlying value, are considered high-risk investments within the cryptocurrency sector. This sets them in stark contrast to traditional safe-haven assets. Against this backdrop, the U.S. dollar is facing a decline in value against a basket of leading foreign currencies. The U.S. Dollar Index (DXY) highlights a negative correlation between Dogecoin ( CRYPTOCAP:DOGE ) and the dollar, indicating that the weakening dollar is temporarily enhancing the attractiveness of riskier investments like meme coins on April 6. Whale Alert noted significant trading activity, reporting an anonymous wallet acquiring 199.27 million CRYPTOCAP:DOGE in two transactions from Robinhood, totaling approximately $35.45 million. This substantial investment garnered significant attention, contributing to Dogecoin's price increase. Despite this, a decrease in Dogecoin whales - those holding large amounts of the coin - suggests a possible overvaluation of these transactions' market impact. Simultaneously, Dogecoin's market dynamics reveal a decline in open interest (OI) and funding rates for its perpetual contracts. From a peak of $2.21 billion on March 29, the OI dropped to $1.38 billion by April 6, indicating a potential reduction in trader engagement for various reasons, such as profit-taking or exposure reduction. The funding rate also saw a decrease to 0.0172% from a recent high of 0.106% on April 1, hinting at a lower inclination among traders to maintain long positions. This scenario, where reduced selling pressure accompanies a price increase due to traders closing their short positions, is evident in Dogecoin's market. Technically, Dogecoin ( CRYPTOCAP:DOGE ) is in an Ascending Triangle pattern with the daily price chart candle sticks indicating the "Three white soldiers" pattern indicating DOGE coin's Bullish streak. Further ascertaining DOGE's bullish momentum, is the Relative Strength Index (RSI) which sits at 60.
Long
by DEXWireNews
Dogecoin Soars As Whale Moves 200 Million DOGE From Robinhood Dogecoin ( CRYPTOCAP:DOGE ), the meme coin, has experienced a surge in investor interest and price increases amidst a period of downturns in the broader crypto sphere. This resurgence has been attributed to a massive movement of 200 million Dogecoins ( CRYPTOCAP:DOGE ) from Robinhood to an unknown wallet, which has sparked CRYPTOCAP:DOGE 's recent upward price movement. As a result, Dogecoin's value crossed the $0.18 mark on Saturday, fueling speculation about its potential to reach the $1 milestone. At present, CRYPTOCAP:DOGE is trading at $0.1865, up by almost 7% in the last 24 hours. Whale Alert reported that the CRYPTOCAP:DOGE movement was carried out in two transactions totaling approximately $35.45 million. The wallet gathered 199.27 million CRYPTOCAP:DOGE through two transactions within the last 24 hours, with the initial transaction involving the acquisition of 100 million CRYPTOCAP:DOGE , valued at $17.77 million, sourced from Robinhood. The transactions have notably contributed to a bullish sentiment among investors and analysts in the crypto community, who are excited about Dogecoin's resilience and its implications for future market movements. With the upcoming Bitcoin halving event, many in the crypto space are closely watching meme coins like Dogecoin, anticipating possible price rallies similar to Bitcoin's post-halving performances. Last week, Dogecoin ( CRYPTOCAP:DOGE ) saw a remarkable $800 million increase in open interest within three days. The price of CRYPTOCAP:DOGE surged by 35%, hitting a weekly high of $0.17. This news came as Elon Musk's X Payments LLC, a social media offshoot of his X motif (X.com, SpaceX, xAI), expanded its operational footprint by securing money transmitter licenses in three additional states: New Mexico, Oregon and Illinois, further fueling investor excitement.
Long
by DEXWireNews
DOGE/USD UPDATE: Navigating Entries and Downward TrendWelcome back, gang!! It's time for a quick update on our DOGE/USD trading analysis. Buckle up as we delve deeper into the daily and 4-hour timeframes, uncovering major structural zones and trends that are shaping our next moves. Upon closer inspection, we've identified key structural zones and downtrends, aligning them with Fibonacci levels from the previous leg. Zooming in on the daily chart, we see price touching the 50% mark or the $0.17 level. However, here's the kicker – we're currently below the daily structure and fib level, indicating a continuation of downward pressure. The 4-hour timeframe confirms this with lower lows and highs, solidifying the downward trend. Now, here's the game plan: We need to keep a close eye on price action for the next 1-3 days to determine whether the current level will serve as a loading zone or if we'll break support of the monthly structure, ushering in further downward momentum towards our previous entry zone as mentioned in the previous analysis. Patience is key, my friends. For those brave souls willing to risk it all, you might consider implementing a martingale trading system. But remember, it's not for the faint of heart. On the flip side, dollar-cost averaging (DCA) remains a rock-solid strategy, especially for those who fear missing out on potential rallies from here. However, if you're not feeling it, there's no shame in sitting this one out – missing an opportunity is always better than suffering losses (especially if you're trading versus investing). So, gear up, stay vigilant, and may the trading gods be ever in your favor! Keywords: DOGE/USD, trading analysis update, structural zones, downward trends, Fibonacci levels, daily timeframe, 4-hour timeframe, loading zones, support levels, trading strategies, martingale system, dollar-cost averaging, risk management, trading versus investing.
BINANCE:DOGEUSDLong
by PlutusX
2
DOGECOIN DOGE price "shoots rarely" but accuratelyIf we look at the global history of DOGECOIN trading (and the coin has been around since 2014), you can see one interesting pattern. At the end of 2017 , it was hugely pumping (for those times), and then the creators of DOGE wrote that they did not understand why their "joke coin" had a capitalization of several billion. After that, the value of DOGEUSD dropped to the bottom and stayed there for more than 3 years. Then, in the first half of 2021. Musk decided "to pull a prank" and pump Dogecoin using all permitted and not permitted methods) The holiday did not last long, and even for the "chosen ones", but the unhappy investors in DOGECOIN, as always, are the majority. And now the correction has been going on for more than 2 years. Based on the cyclical nature of the pumps, the next DOGEUSDT pump and, accordingly, the ATH update can fall on the 2nd half of 2024. Moral: miracles do not happen, for a pump to be profitable for its "initiator", you first need to gain a large position, which is what has been happening over the past year. If you have extra money that you want to invest in a long-term investment, you can take a chance and invest in DOGE, but do not buy more than $0.07-0.073. Ideally, you should place orders with a grid in the "buy zone" of $0.0575-0.073 and wait. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
52