DOGEUSD Hit its 1DMA200. Rejection or breakout? Pick your poisonDogecoin (DOGEUSD) hit yesterday its 1D MA200 (orange trend-line) for the first time since July 29. A little before that date on the last High (July 21), the Lower Highs trend-line started, which is currently exactly on the 1D MA200.
As a result today's pull-back is so far a double level rejection (1D MA200 and Lower Highs trend-line). As long as it stays intact, there are more probabilities to pull-back towards the 1D MA50 (blue trend-line) again, which held twice this month already (closed all candles above it). In that case, our Target is 0.11000.
If on the other hand the 1D MA200 breaks first, we will accept the loss on the short (tight SL anyway) and buy the break-out targeting 0.14380 (Resistance 1). The 1D MACD formed a Bullish Cross on Monday, which favors the bullish break-out.
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Dogeusd
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)
DOGEUSD The new Bullish Wave is taking off.Dogecoin just turned bullish today on its 1D technical outlook (RSI = 58.168, MACD = 0.002, ADX = 16.620) after its 1D RSI spent the first 2 weeks of October sideways, forming the bottom. This is a bottom similar with late Aug-Sep and during that time the 1D MA50 held six different 1D candles. The pattern is a Channel Up the past 10 weeks and today's candle has confirmed the start of the new Bullish Wave. We expect at least another +43.58% rise from the bottom (TP = 0.14450).
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DOGE: No play zone inside the boxAs long as Doge ranges between $0.14 and $0.08, it is a no trade for me. I got stopped out back in august and ever since, haven't found a good entry spot. Price action is choppy and corrective. Each pump or dump are being met with resistance. I need to see a break beyond the box and a complete sequence in direction to enter the market with some confidence. On the upside, want to see a move above $0.17, better yet, a move above $0.22 and then a retrace back into the box to gain support. On the downside, want to see either a support on the trendline or break the trendline in 5 waves. If we see a support on the trendline, Doge might be in for a longer correction in a very large triangle.
Long story short, want to see something other than this drag to consider getting back in Doge.
DOGEUSD Are you people ready??We have recently viewed Dogecoin's (DOGEUSD) Cycles and mentioned why we expect it to start rising parabolically soon. What we haven't done but it's what we bring you today is those Cycles compared to the Cycles of the flagship of the crypto world, Bitcoin (BTCUSD).
We will keep it simple, because that's what the chart is, no need to complicate what's obvious with added terms and info.
As you can see, every time Bitcoin broke above its All Time High (ATH), Dogecoin was on a medium-term correction (though well within its Bull Cycle) under Lower Highs and marginally above the 0.236 Fibonacci retracement level. Once Bitcoin broke out, Doge did also only though much more aggressively and within a few weeks it reached its previous ATH.
Needless to say, it didn't stop there but went on to peak much higher. Once more, the market finds itself in the exact same position as before in history. Are you ready??
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$DOGE range strategy for 3000% runthe best place to buy doge has always been in the lower half of the breakout range (s/r flip) targeting the diag channel upper sell zone.
each low has been marked by sweeping the previous low within the diag buy zone.
in other words lower half range + buy zone = good buy
and breaking above previous range into sell zone = good sell
its a very easy strategy for opportunistic buying and selling.
DOGE at a Critical Juncture: Breakout Signals Potential RallyMarket Overview:
Dogecoin (DOGE/USD) has broken above a key diagonal trendline, suggesting a potential shift in its long-term trajectory.
The recent price action also includes a higher-high, and if a higher-low forms during the current pullback, it would solidify a short-term bullish trend.
Price Targets:
If the breakout holds, Dogecoin could target previous swing highs in the $0.13-$0.14 range.
Monitoring the volume profile is key, as strong buying volume will confirm the momentum of this breakout.
#Dogecoin #DOGE #CryptoAnalysis #BullishTrend #Breakout
DOGEUSDT Short Trade IdeaI'm tempted to take this trade here. Looking for DOGE to retest the previous highs from the top.
It's risky, but I like the risk/reward here. At this point, BTC seems to me struggling for a direction due to low volume, so I'm betting on a downward move over the weekend. Just going with what my gut says.
Depending on how the price moves, I'm planning to trim early if needed.
Entry: 0.12215
SL: 0.12905
TP1: 0.11108
TP2: 0.09989
TP3: 0.09275
Good luck and Happy trading!
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:
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BINANCE:DOGEUSDT
DOGEUSDT remains above Key Level of 0.10DOGEUSDT has successfully broken and closed above the key psychological level of 0.1000. Currently, the price action is consolidating, with the market bouncing off this important level, suggesting a strong support zone. The recent false breakout below the psychological level likely helped the market gather liquidity, which could fuel further upward movement. Since early August, the market has been in a consolidation phase, and there is an expectation that the price will attempt to move toward the top of the range by breaking through the downward channel. The target is the resistance zone around 0.10800
#DOGE/USDT#DOGE
The price is moving in a descending channel on a 1-day frame and is sticking to it very well and is about to break upwards
We have a bounce from the lower limit of the channel at a price of 12.86
We have an upward trend on the RSI indicator, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 14.45
First target 19.00
Second target 22.90
Third target 28.30
#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!
DOGEUSD entering its Parabolic Rally phase. Can it hit $2.00?More than a year ago (July 24 2023, see chart below), we published our long-term expectations and pattern for Dogecoin's (DOGEUSD) Bull Cycle:
As you can see, it filled our projection quite effectively as it extended the Accumulation Phase (blue). That was a phase which, as you can see, was present during both of its previous Cycles and after a 1W MA50/100 Bullish Cross and a subsequent hold of the 1W MA100 (green trend-line), it came out of a (dotted) Channel Down/ Bull Flag and entered its Parabolic Rally phase (green).
As far as timing of the Cycle Top is concerned, we have a very consistent pattern which suggests that it is priced just after the 3.0 Fibonacci Time extension from the bottom of the Bear Cycle. That was accurate for both of the January 01 2018 and April 26 2021 Cycle Tops. As a result, the Top of the current Cycle should be expected a little after August 04 2025, assuming the true bottom of the last Bear Cycle was on the week of October 03 2022 (just before the FTX crash).
But what about the actual Top in price terms, you might be wondering? Well the first two Cycle Highs (January 20 2014 and January 01 2018) were priced just below the 0.786 Fibonacci Channel level. The next one (April 26 2021) was priced higher on the 1.0 Fib on a technical overextension as it was the Cycle where Dogecoin experienced its strongest adoption and awareness.
It would be difficult to repeat this feat this time, unless some news/ fundamentals introduce new uses/ adoption for Doge and the market reacts with very aggressive capital inflows. In this new overextension case, we may see $6.00.
But our proper Target for this Cycle always was and remains $2.00, which falls marginally below the 0.786 Fib, just like the Tops of the first two Cycles.
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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!
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!
#DOGE/USDT#DOGE
The price is moving in a downtrend on the 4-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 0.9300
The price bounced from it
Entry price 0.09750
First target 0.10270
Second target 0.1096
Third target 0.1170
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 🚀.
DOGE Dogecoin Short Term Price TargetIf you haven`t bought DOGE before the previous major breakout:
nor sold the top:
Now looking at Dogecoin's chart, it appears to be attempting a breakout from a falling wedge pattern.
In my view, we’re likely to see an imminent breakout, or we may need to wait for the pattern to fully develop before the breakout occurs.
Either way, my price target remains $0.12.
Bullish Exhaustion Near ResistanceKey Resistance at $0.10476
Dogecoin (DOGE) is currently trading around $0.102, after failing to break through the upper Bollinger Band resistance of $0.10476. The price hit a high of $0.10495, but selling pressure has pulled it back below the BB Basis of $0.10322.
After peaking at $0.10495, Dogecoin has pulled back, now stabilizing around $0.102. The rejection from the $0.10476 resistance (upper Bollinger Band) aligns with the broader bearish sentiment seen in early September. Dogecoin's struggles echo a trend seen across the market, as DOGE has dropped 17% in the last week
Bollinger Bands: Overbought Conditions
The price is hovering just below the upper Bollinger Band, indicating that DOGE is in an overbought state. A rejection at these levels could trigger a pullback to the lower band support at $0.10168.
RSI Neutral, But Losing Steam
The RSI is sitting near neutral at 49.87, suggesting indecision in the market. However, its divergence from the RSI-based MA (60.41) hints at weakening bullish momentum, with potential downside ahead.
Stochastic Oscillator Shows Oversold Conditions
The %K and %D values of 19.54 and 14.44 indicate oversold conditions, which might signal a short-term bounce, but buyers need to regain momentum for a sustained move higher.
MACD Turning Bearish
The MACD histogram (-0.00045) has flipped negative, suggesting a potential bearish crossover. The MACD line is still above the signal line, but momentum appears to be weakening, which could lead to further downside.
Support and Resistance Levels
Immediate Resistance: $0.10476 (Upper BB)
Support: $0.10322 (BB Basis), $0.10169 (Lower BB)
Short-Term Outlook : DOGE is showing signs of exhaustion near the $0.10476 resistance. If it fails to break higher, expect a potential dip toward $0.10168, with a possible bounce from there. The Stochastic and RSI suggest caution, as momentum indicators signal weakening strength.
Watch for a confirmed break above $0.10476 to signal bullish continuation. Otherwise, a retrace to the lower Bollinger Band is likely.