Oldie but DOGE. Strong rebound while BTC stays weak. Bullish.Hi,
Doge is strong while Bitcoin is still showing weakness.
A breakout above the local top of $0.194ish is expected to take Doge to $0.32 as shown in the chart.
As you've seen in recent posts, you have to overcome FOMO & FEAR to make 2x, 10x, 100x returns.
Remember that DOGE's last cycle's 250x gain was accompanied by multiple 50+% pullbacks, so I recommend not using leverage too much.
Avoid fear, and trust the journey.
1PERCENT
Dogeusd
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.
Dogecoin on weekly and hourly charts💥Hello, guys! ☺️Today let's take a look at two timeframes of Dogecoin: the weekly and hourly. We'll try to determine the price movement in the short-term, medium-term, and long-term perspectives!💪
🐕Dogecoin is a coin that evokes mixed emotions: some adore it, some hate it. Some have become very wealthy because of it (like Elon Musk, for example, haha😄), while others have lost a significant amount of their wealth (Hi, Elon🤨).
The most important thing is not to succumb to the hype and not to buy the coin, when it is clearly overbought .
Let's take a look at the weekly Dogecoin chart. What can we see there?
✔️Adding the RSI indicator to the chart, we can clearly see, that the coin is overbought , which is not the best signal for buying. It needs some rest. 😌
🟣 My advice : place several buy orders in the range of 0.097 - 0.139 and don't rush. Just observe. That's for the long term perspective !
Now, let's look at the hourly chart and see what awaits us in the short-term and medium-term perspectives for Dogecoin.
What do we see here? 🧐A channel has formed (since the end of February). And the price is confidently moving within this channel. It can be assumed, that in the near future, we may see the Doge price at the support of this channel at approximately the 0.16 mark.
Friends, how do you feel about Doge? Love it or hate it? Let's discuss in the comments!
Thanks for Your attention🫶
Always sincerely yours, Kateryna💙💛
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.
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DOGE TodaY.HELLO!
Has anyone heard of the Dzhanibekov Effect? It's when a spinning mass flips its axis. an instability propagates, and within one rotation, it flips. also called the intermediate axis theorem. this happens at regular intervals.
The earth is a giant spinning sphere... and the rules apply to it also.
Could you imagine if the earth flipped its spin in a day? the water in the oceans would keep going. Noahs arc.
What could cause this? maybe... melting polar ice caps from burning fossil fuels redistribute weight from the poles near the axis to the belt... slowing the rotation of the earth. when my yo-yo slows down, it looses stability and flips over.
We can see that lava which acts as a magnetic Ferro Fluid is in layers of differing magnetic orientation over time. do we think the magnetic field flips? or could the entire earth flip with in the field?? same result. what happens if the flux of that magnetic field changes? could the lucidity of the lava beneath the crust increase, leading to massive tectonic movements?. . . . Could the slowing of our rotation, leading to longer hotter days and colder nights, lead to increased turbulence in the jet and ocean streams, affecting the magnetic flux of the earth?
also... what about a stacked up planetary magnetic alignment?...
surface speed of the earth is a thousand mph or so at teh equator... thats how fast teh ocean would be moving across the surface of the earth as its axis become unstable, precesses, and potentially flips. and then we will still be traveling 1000 mph into the oceans that are traveling 1000mph the other way. water miles deep.
The reason I bring this up, is it should be our only real fear.
So... what other fears are controlling your decisions and perspective?
Could you find a perspective of LOVE instead of fear for that?? for example, hosting immigrant families for dinner instead of cheering for a wall?
Where do you get your daily doses of fear from??? It's highly addictive... cortisol.... adrenaline... fight or flight. that means fear is what is controlling your life. And our goal is UNCONDITIONAL LOVE.
What fears control your trading? are you afraid of missing the next big whatever in Bitcoin? or maybe afraid of what will happen when Black rock starts playing their games with bitcoin.. .all that dirty government war money... yuck. I replaced that fear motivation with a perspective of love and abundance with DOGE coin. Cause I know that together, the people can regain their power, as we all ascend from perspectives of FEAR into The vibrations of LOVE... in every situation. Love towards our brothers and sisters around the globe. love towards all animals, not just mans best friend.
You can see where this is going. DOGE coin is the only coin that invokes that perspective of LOVE.
Im currently working to install a DOGE payment option for my organic skin care company. JTreeLife. Who else is working to accept Doge for their small business?
May all beings live happy and free!
Just matter of time for DOGEEverything is good for DOGE. As i shared in my previous ideas, DOGE dropped and reached support zone. I can't exclude it could drop more, but till it's above the trendline, all is ok. I think it reached a strong support zone and should bounce here. First target $0.24, stop below local bottom
Dogecoin (DOGE) TO DA MOON! - 2024TO DA MOON!!
All jokes asides, Doge is peforming exceptionallywell, previous Resistance has been broken at: $0.11. New Level of Support has been formed at= $0.15. Not much next Resistance levels now ahead.
Current target set at= $0.28 which basically will be the "NEW" Level of Resistance until the next key levels.
Trade with caution with meme coins, expect high volatility within the ranges of the key levels I have provided shown from the chart TA.
Despite being a meme coin, DOGE has a very high Marketcap of $23Bil. Huge amount of 24hr trading volume too which is insane. It's a stable meme coin, but it's here to stay in the crypto space! :D
Riding the DOGE Wave: Buy Signal for DOGEUSD 1H - 1:3 RRRIn this trading strategy, we explore a potential long position opportunity for the DOGE/USD currency pair on the 1-hour timeframe. By combining the insights from key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim for a favorable risk-to-reward ratio of 1:3.
Indicators:
EMA200: The EMA200 acts as a crucial indicator of the long-term trend direction. A rising EMA200 suggests a bullish bias in the overall trend, providing confirmation for potential long positions.
MACD Trend: The MACD indicator helps traders gauge the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy.
Supertrend: The Supertrend indicator serves as an effective tool for identifying entry points in alignment with the prevailing trend. When the Supertrend line changes its color from red to green, it indicates a shift from bearish to bullish sentiment, presenting a potential entry signal for long positions.
A Bounce Back or Further Dip?DOGE is currently presenting a compelling technical setup on the 4-hour chart. The price of Dogecoin has recently pulled back to 0.019944, after approaching a dynamic resistance trendline that has been guiding it for some time. The chart indicates that Dogecoin has also retreated from a resistance level that was based on previous price actions, which suggests that this area is significant for traders.
The Bollinger Bands (BB) indicate that the price has retreated from the upper band, which often acts as a dynamic resistance, and may potentially test the lower band at 0.18463 as a support level. If this level holds, it could be a sign of resilience in Dogecoin's price.
The MACD histogram shows negative momentum (-0.00266), with the MACD line slightly below the signal line, indicating a potential slowdown in the upward trend or a beginning of a short-term downtrend. Meanwhile, the Stochastic Oscillator (%K at 11.53) is signaling that the coin is currently oversold, which often precedes a potential reversal or at least some consolidation.
The RSI at 49.40 is nearly in the middle, which suggests that Dogecoin is neither overbought nor oversold in the broader context. However, the proximity of RSI to the 50 mark may indicate a lack of decisive momentum in either direction, and the RSI-based Moving Average is significantly higher, showing that the recent trend has been more positive.
Bringing these indicators together, Dogecoin is showing signs of a short-term downward pressure while still within the context of a larger uptrend. Traders may be watching to see if the local support can hold for a possible bounce back or if the price will continue to seek lower levels for stronger support. Given the oversold condition suggested by the Stochastic Oscillator, there might be an opportunity for buyers to step in, provided that broader market sentiment and volume support such a move.
DogeUSD: playing out text book so farLast week I was watching $0.12 area closely. If there was a break of this area, it could have meant a potential disaster for the holders. But just like magic, price bounced sharply from that area and made a new high, confirming a full 5 waves move to the upside. Price can go up more to hit some proper fib extensions to bolster the move, but at this point anything is a bonus. Next move to watch is the retrace. Depending on where price tops out, I would expect 0.618 fib retrace zone to hold. Worst case 0.5 fib retrace area since it is an intermediate degree wave 2 retrace. The correction could last a few weeks to a few months. I would not like price to revisit $0.10 are again, but it can happen with a deep retracement. Doge is volatile and news driven, so big price movements are not surprising. But, testing back at $0.16 - $0.17 would be a text book thing to do to confirm the breakout.
There is a longshot bearish case still lingering where the latest bull run could be a larger degree C wave. In that case, party is over friends and price is destined to go back sub $0.05. That is a long shot because a lot needs to go wrong for that scenario to play out and market as a whole need to collapse soon. For now, let's keep it in a back burner.
DOGE Fractal: Following THIS Pattern? 📉Hi Traders, Investors and Speculators of Charts📈
Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here):
Doge has been following an interesting pattern recently in the daily timeframe - Elliot Waves. We see the 5 impulse waves up (wave1-5) followed by the abc correction waves. Then we have a period of range bound trading finally before the next wave1-5 starts. Here's where it get's technical in terms of the wave fractal:
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BINANCE:DOGEUSDT
Can doge reach 1$ soon ? DOGE / USD
Very interesting chart to see !
Price is showing a similar pattern from the last 2 cycles
According to previous date the price usually touch the main trendline about 3 time inorder to breakout so if we will repeat that, the big breakout should happen next months
Doge is always doing big move in bull market
Can we see Doge above 1$ this cycle ?
Best of wishes
DOGE - Following BTC FRACTAL?🚀📉Hi Traders, Investors and Speculators of Charts📈
Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action.
Doge has been very profitable so far. Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here):
As BTC trades sideways/rage, we can expect to see altcoins play catch-up. From a correction perspective, this was the drawback for each coin during the corrective wave:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:DOGEUSDT COINBASE:BTCUSD
Is an accumulation phase likely and how long might speculation hwill an accumulation phase begin now and end with a late April/ early May reinvigorated impetus along BTCUSD's ''planned' parabolic store of value conflationary vortices, into which there are varieties, spanning reconcurrecy noise between crosscurrent, clockwise up/down, anti-clockwise up/down, and others, from the realm of light and bells equivalence... what does a three body problem look like if pulses come from equidistant 'stars'... Overlays between symbols and symbol timeframes, each view also with timed sequence line displa, well it could cut down on the chattery noise of extended myopia of frequent analysis within a few weeks of activity, made particularly rich by the trend line feature, and coincidence at times with those trends. With BTCUSD hitting its all time high, it seemed coincident signaling leading through the retest would be DOGEUSD. And so, a temporally sensitive question, assuming at this now both symbols will range into May, instead of continuing to rise now and in probably most of April.
Analysis here would be helped by charting major yearly over monthly, weekly, daily charts. For my level of attention comparisons between one and three day charts seem to balance well against high frequency turbulence of highly volatile, voluminous, or trend setting / following impulses and impellers.
DOGE can ascend further!Hi
COINEX:DOGEUSDT
Today, I want to analyze DOGE for you in a weekly time frame so that we can have a mid-term view of DOGE regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
DOGE formed a rounding bottom on weekly timeframe🤔
Up we go if we do breakout
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
- Rounding Bottom
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
On large time frame charts when using Fibonacci ratios...Hello traders!
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Please also click “Boost”.
Have a good day.
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(DOGEUSD 1M chart)
To understand the overall wave, we analyzed it using TradingView's charts.
The key is whether the price can be maintained by rising above 0.22393, which is the upper point of the box section of the HA-High indicator.
Accordingly, we need to check if it is supported and can rise around 0.707 (0.20689) to 0.786 (0.22377).
Due to this rise, it is expected that a new HA-High indicator will be created next month.
If that happens, an important question will be whether it can be supported and rise in the newly created HA-High indicator.
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(DOGEUSDT 1M chart)
Currently, the HA-High indicator is formed at 0.13377.
(1W chart)
The area around 0.5 (0.15983) to 1 (0.26667) corresponds to the psychological resistance zone.
Accordingly, the key is whether the price can be maintained by rising above 1 (0.26667).
If it rises above 1 (0.26667), it is expected to rise to around 1.618 (0.39871).
(1D chart)
The key is whether it can receive support around 0.21597 and rise.
If not, you should check for support around 0.20420.
If it falls below 0.20420,
1st: 0.618 (0.18505)
2nd: 0.5 (0.15983) ~ 0.17001
3rd: 0.13377
You need to check whether you receive support around the 1st to 3rd positions above.
If it falls below 0.13377, it is expected to turn into a downward trend.
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Depending on whether it receives support or resistance at the Fibonacci retracement rate point, you can predict whether it will rise by two levels or decline.
Accordingly, if it meets resistance and falls near 0.786, you can expect it to fall to around 0.618 or rise to around 0.886, depending on whether it receives support or resistance around 0.707.
However, Fibonacci has the disadvantage of having to specify a selection point, so if the selection point is specified incorrectly, erroneous results may be obtained, so it is recommended to draw on a time frame chart as large as possible.
This is because I believe that only then can the waves generated by fakes or whipsaws be filtered out.
If you plot Fibonacci on a time frame chart that is too large, you may find it to be of little use due to the intervals being too large.
However, I think there is no problem at all due to the nature of the coin market, which has large fluctuations.
Rather, I think it plays a more accurate role of support and resistance.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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After hitting previous targets Doge now above invh&s necklinePrevious target was 21 cents which Doge has just recently hit and in doing so doge also create a larger inverse head and shoulder patterns which its price is currently above the neckline of now. Very possible the price dips back below the neckline once or twice before finally having the break above the neckline tat trigger the breakout of the inverse head and shoulders pattern, but as always its also possible it could validate the breakout on the current breach of the enckline. If it were to validate the breakout on this initial breach above the neckline, the next target woud be around 36 cents. *not financial advice*
An update on my dogeusd chart.Doge finally triggering the breakup from the tan channel after doing a fakeout the first time it got above the top trendline of the channel. Sizable pump that is already getting rather close to reaching the full target. We can also see that we have broken upward from the purple symmetrical triangle right at its apex which has an even high target. The current candle body resistance is also the top trendline of an even bigger triangle doge has been consolidating inside for awhile. We will have to break above it in order to hit the full target of the tan channels breakout, however it is still a good probability that once we hit the full target of the tan channel breakout, priceaction could then dip back down and still close inside of the bigger triangle pattern for awhile. Being at this almost hyperparabolic phase of the bull market though its also quite possible we retest the top trendline of the bigger triangle as support after hitting the full tan channel breakout target too, in which case doge would continue up from from here once it solidified that support and start working on validating the breakout of the bigger triangle.
DOGEUSDT: Primed for a Generational Rally - Prepare for Liftoff
"DOGECOIN enthusiasts are on the edge of their seats as indicators suggest a potential generational rally, poised to catapult the meme-inspired cryptocurrency to new heights. With gains potentially reaching a staggering 33%, investors are advised to approach with caution, prioritizing profit-taking strategies and diligent risk management. Implementing stop-loss orders is paramount to safeguard against sudden market fluctuations. For those seeking expert guidance and precision timing, consider following a premium signal channel for sniper-like entry points. With meticulous planning and proactive measures, investors can seize the opportunities presented by DOGECOIN's impending surge while mitigating potential downside risks."