The DOGEI never liked dogecoin, as it is quite a joke in the crypto space...However with the last few developments and the onboarding of Buterin and Musk, i cannot deny i am starting to like it. The chart looks prime and ready to shoot. The path is clear...if you are not buying DOGE, you must be insane, right now.
It doesn't need too much explanation, if BTC stays healthy DOGE is gonna move hard. Momentum indicators are oversold in almost any timeframe...rarely gets better then this.
Dogecoinusd
Longterm view on our lovely friend dogeWe hold 2.618 fibonacci retracement (0.16167$) and broke 4.618 fibonacci retracement (0.25359$) with an 27%+ daily candle. Now its important that we hold the 4.618 (0.25359$) level as support. We can use it as buy opportunity with an stop loss below 0.23$ and first take profit 0.33746$. Longterm i think its realistic that dogecoin hit 16.618 fibonacci retracement (0.80$) . Our tip is that you should plan to buy with your own trade setup, risk management and idea in our green boxes and take profit in the red boxes.
Monthly Chart:
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DOGE Wait for the level from which the price can do +60% or -30%Here is the analysis of DOGEUSDT trading pair, which was voted for in the "Bitcoin Weekend #17" idea
By the way, in "Bitcoin Weekend #17" we wrote that when the value of BTCUSDT starts to enter the liquidity zones of $48000-50900 and $50900-54200 you should be extremely careful with your positions, because the trend can reverse.
Keeping these facts in mind, let's analyze the DOGEUSD.
Let's start with the fact that our previous idea, the DOGEUSDT, is little more than a month old, and it worked perfectly and accurately at almost x2 growth.
Now let's look at the chart of the DOGEUSDT pair more globally.
As you can see, the price of DOGE has been consolidating between two levels: $0.34 at the top and $0.29 at the bottom for the last week.
In the current realities, we assume that the price of DOGE may go down one more time to see if the buyers are really ready to aggressively pull back from the level of $0.28888. If that happens, and we see strong buying volumes, that's a sure long. Also, a breakout and fixation of the price above $0.34 is also a strong long buy. For both situations, upper target is around $0.444-0.464.
If the price fixes lower than $0.2888 , it will not bring anything good for the deposit, except the possible drawdown of -30%.
So be flexible and maneuverable and keep your hand on the pulse of the market. Watch the behavior of the price DOGEUSDT around the level of $0.2888 and trade behind the trend and there will be happiness to your deposit and you)
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DOGE Forms Bull Pennant After 80% Push, Will Bears Allow $0.36?-DOGE has fallen nearly -10% the past week
-Price has formed a bull pennant
-70MA has acted as support for nearly a month
Doge Coin has been overall silent over the last month as many coins have went parabolic. The meme hype has surely died down over the last few months and so have the many Doge Coin influencers. Many are questioning why DOGE is not back above $0.40 at minimum, as DOGEs ATH was in the mid $0.70s. Overall, a good reasoning as to why DOGE has not experienced a strong surge compared to others is because of how much it has already risen the past year and a half. Since the bottom in March of 2020, DOGE is still up nearly 25,000%. With that being said, it does not mean it can’t go higher. If bulls manage the bullish breakout of the pennant, another leg up will occur.
Ever since DOGE broke above $0.25, it has been holding a bottom trend line. This trend line is nearly 3 weeks old & price has yet to break below. This trend has also formed the bottom part of the bull pennant, which is shown in light blue. DOGE is nearing the peak of this triangle & a breakout will soon occur. If bulls manage to break to the upside, they must also break & hold the major resistance mark of $0.327-$0.338. If this is deemed successful, DOGE has a free sky for a push to $0.36-$0.38.
Most of the time a bull pennant forms, it has an 80% accuracy rate of breaking to the upside. In the case that bulls fail to break to the upside & break below the bottom of the pennant, we should expect a drop to $0.296 to occur. Before this can happen, bears must push DOGE below the 70MA which has held price up ever since the start of August. If price breaks below the mid term trend along with this MA, a downtrend is likely to occur. Support will be found at $0.296, $0.281 and $0.265.
While looking at the Stochastic RSI, we can see its been swinging right around the middle value of 50. This shows a breakout is soon to occur as bulls & bears are fighting for strength. The regular RSI also confirms this view as a pennant formation has shown over the last week. Once strength breaks to either side, price will be right along with it.
DOGE Intraday Analysis
Spot rate: $0.317
Trend: Bullish
Volatility: Low
Support: $0.313
Resistance: $0.327
BULLISH TRIANGLE - DOGECOIN TO $0.40 IN THE NEXT DAYS As you can see here, Dogecoin is forming a new bullish triangle in the 4H chart which will result in a growth to at least 40 cents. We can also see a contraction of the momentum one the MACD which indicates us a big movement is coming soon.
Bitcoin is bullish, one more reason to believe dogecoin is going up and slowly recover from its last correction
DOGE-USD possible targets (Update)This is an update from a previous post👇 because we seem to be gaining support above 30 cents again.
I do not own the rights to meme image above.
Let's see and always remember ⏬⏬
🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much!!!!
Jazerbay
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Doge is going in correction phase before going to $0.37Hello Traders,
Dogecoin was up exactly i mentioned in previous chart. It was up by almost 15%.However price is correcting right now before heading to $0.37.
I have mention the possible pull back zone from where I am expecting price will bounce back and reach to TARGET 1.
This is only for educational purpose.
Doge can revisit 0.3Like all the crypto market, Doge was also on the run in these past weeks
At this moment the coin is correcting/consolidating and it looks like is carving a symmetrical triangle
This can mean continuation and we can see 0.3 and slightly above
A break to the down side would negate this scenario