DOGEUSD Its Parabolic Growth Channel targets minimum $3.500.Dogecoin (DOGEUSD) is having an excellent bullish run since our last buy signal (October 17, see chart below), hitting all targets in the process:
As the price broke above Resistance 2 as well, we now zoom out to the long-term charts again (1W time-frame) where Doge's historic trend is more clearly displayed. The underlying pattern that it may have gone unnoticed is a Parabolic Channel, which we call Doge's Parabolic Growth Channel (PGC).
This Channel encompasses all of Doge's Cycles and only broke once (to the upside) peaking during last Cycle's mania (April 2021). Furthermore, this week the 1W MA50 (blue trend-line) will complete a cross above the 1W MA200 (orange trend-line), forming the 1W Golden Cross, technically a very bullish pattern.
The last time this was formed was on the week of December 28 2020, right when the Bull Cycle's Parabolic Rally (green Rectangle) started. That reached the 1.618 Fibonacci extension and as mentioned rose even further, breaking above the PGC. The 1.618 Fib is of high importance as this is where the January 01 2018 High of the first Cycle was priced.
At the same time, the 1W RSI is already on a Bullish Cross since the week of October 07 2024, which is exactly what happened again during the previous two Cycles, where it preceded the Golden Cross of the price.
As a result, we believe that Doge has started its Parabolic Rally, the final and most aggressive part of the Bull Cycle, and based on the previous 1.618 Fib peaks, we are expecting at least a $3.500 High.
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Dogecoinsignals
DOGEUSD will trade sideways for another 6 months at least.Dogecoin (DOGEUSD) is trading on its 1W MA50 (blue trend-line), practically consolidating ever since the massive rejection of October 24 2022 on the 1W MA100 (green trend-line). This sideways price action is serving as the Bull Cycle's Accumulation Phase, before the final parabolic rally that will take DOGE to a new All Time High. This is at least the pattern that was followed in the previous two Cycles.
The date range from the top of the previous Cycle to roughly the end of the Accumulation Phase and the start of the Parabolic Rally has historically been 150 weeks (1050 days). A 1W MA50/ 1W MA100 Bullish Cross comes as a final confirmation to buy.
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Dogecoin - Elon Musk pushed volumes- Elon Musk has planted volumes.
- The level that is 0.92
- The trading triangle (which I highlighted with flags).
- If the market maker does not break the blue flag, it will be a strong buy signal, especially if the bitstock spills and this scam will stand.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
DOGECOIN Testing the 1 month Support but is it bullish?The Dogecoin (DOGEUSD) hit yesterday the 1D MA200 (orange trend-line) for the first time since November 21 and at the same time the Support Zone that started on the November 09 Low. So far this is a major demand level and that is also shown on the 1D CCI which is rebounding below the oversold barrier (this has been a bullish signal for the past 6 months).
Until however the price breaks above the November 01 Lower Highs trend-line, no sustainable rebound can be confirmed as it is a major Resistance. Failure to do so can push DOGE to the bottom of its Channel, the Higher Lows trend-line that started on the June 18 market Low. A successful break above the November 01 Lower Highs though, which should also coincide with the 1D MA50 (blue trend-line) breaks, should target the 1.0 Fibonacci level and the 1.5 and 2.0 in succession on the medium-term.
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DOGEUSDT This is confirming the new Bull CycleWe last looked into Dogecoin (DOGEUSDT) back in late October, analyzing the potential for break-out above the Channel Down that it has been trading in since May 2021 by using the Fibonacci extension levels.
As you see, the aggressive Musk-led pump hit the 1.5 Fib extension of the Channel Down, while breaking above the Bear Cycle Resistance of the 1W MA50 (green trend-line) and as the news effect faded, it pulled-back following the FTX collapse back to the 1D MA200 (orange trend-line), which has so far held as a Support twice. This, along with the subsequent rejection on the 1W MA50, have largely confirmed DOGE entering into its new Bull Cycle by creating a new (green) Fibonacci Channel Up.
As long as the 1W MA300 (red trend-line) holds, this can channel the price to the upper Fibs of both the former Channel Down and the current Channel Up. As long as the 1D MA200 holds, our target is the zone within the 1.618 (blue) and 1.5 (yellow) Fibs. If the price tests the bottom of the Channel Up again, we then expect a longer-term recovery back to the 1.5 (yellow) Fib, which by the time can also make contact with the 2.0 Channel Down Fib, the last Resistance before the Bull Cycle's mega rally.
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DOGEUSD Inverse Head & Shoulders targeting $0.17Dogecoin (DOGEUSD) made a convincing break above the 1D MA50 (blue trend-line) yesterday and closed above it for the first time since April 28. The long-term pattern has been a Channel Down since the May 2021 High but recently we are seeing the emergence and completion of an Inverse Head and Shoulders (IH&S) pattern. It is on a slope with the 0.5 Fibonacci level of the Channel Down (its middle practically) being the Resistance but regardless that is a formation technically seen on market bottoms. Notice how at the same time the IH&S on RSI has the opposite slope.
Technically the target on that pattern is the 2.0 Fibonacci extension (around 0.1735) and that falls exactly on the Resistance Zone made of the April 05 and April 25 (Lower Highs). Consider also a shorter term approach, involving targeting the 1.0 Fib and the 1D MA200 (orange trend-line) and use the final target only if the price breaks above the Lower Highs (top) trend-line of the Channel Down. Notice how the 0.1700 target matches perfectly the 1.382 Fib extension of the Channel Down.
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DOGEUSD Best time to buy is now but can be a lengthy way upDogecoin (DOGEUSD) hit last week the 1W MA200 (orange trend-line) for the first time since the December 07 2020 1W candle. This is the trend-line that (excluding the March 2020 COVID crash), marked the bottom during the previous Bear Cycle.
This idea illustrates DOGE's long-term Cycles in order to get a better understanding of where we stand today. Last week's low on the 1W MA200 completed a -90% correction since the May 03 2021 1W candle All Time High. As you see the previous Cycle also formed its bottom on a -90% correction, while the 2014 Cycle did so after a -95% correction. Also the recent low completed 53 weeks (371 days) since the Cycle's High. The previous two were 57 weeks (399 days) and 67 (469 days) respectively.
That makes the current levels a solid buy for the long-term. However it is common for Dogecoin to consolidate and have a very long accumulation phase before having its aggressive parabolic rally that leads to a Cycle (blow-off) Top. The Accumulation Phases of the last two Cycles (from bottom to the start of the parabolic rally) were identical, 97 weeks (679 days) in 2019/2020 and 96 weeks (672 days) in 2015/2016.
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GOLD ON RESISTANCE, MARKET BULLISH
Dogecoin has taken a great move it was moving in a parallel channel and today it break and went to resistance 0.265-0.27
Price is above 200MA shows market is bullish.
Just wait for daily candle closing and if price is above 0.27 it will move to above resistance otherwise it will come to support, parallel channel.
Buy at support 0.2250 or at 0.272 (recommended to see daily closing candle.
HAPPY TRADING.
Comment any query.
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Dogecoin, Doge - yesterday I said about it. (-15%)💰In yesterday's video, I told u that coin formed a good breakout pattern. Today price dropped by 15%. Congratulations to everyone who was with me. Now the best scenario will be to pull back to zone 0.36. But it doesn't mean that u must buy now. Wait for a new entry point.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BABY JOIN ME IN REKT...For now,
1H MA500 27 SUP
1H MA1000 27 SUP
1H MA2000 28 RES
1H MA4999 28 RES
4H TD SETUP TREND LINE:25(STOP)
4H MA500 28 RES
4H MA1000 28 RES
4H MA2000 28 RES
4H TD SETUP TREND LINE:36(RES)
4H MA4999 43 RES
1D TD SETUP TREND LINE:22(STOP)
1D MA200 28 RES
1D MA500 34 RES
1D MA1000 42 RES
1D MA2000 46 RES
1D TD SETUP TREND LINE:133(RES)
1W MA20 28 RES
1W MA50 28 RES
1W MA100 42 RES
1W MA200 44 RES
1D TD SETUP TREND LINE:44,158(RES)
1M MA5 28 RES
1M MA10 28 RES
1M MA20 36 RES
1M MA50 43 RES
Further reading for $DOGE:
medium.com
research.binance.com
DOGECOIN Clear pattern or deception?Every time DOGEUSD retraces below the 0.382 Fibonacci level after a 1D bull run, it pulls back completely, filling the gap 100%.
Why should this time be any different? The bear market on DOGECOIN lasts longer than the average crypto market anyway, so I am expecting 0.00200 next and then a rebound to 0.00300 for the new top.