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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Dogeusdsignals
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 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 No time left! If you want to BUY do it NOW!Dogecoin (DOGEUSD) has been filling out our July 24 2023 call (see chart below) with impressive precision so far as after 6 months of sideways trading within the Cycle's Accumulation Phase, it posted the Bull Flag that typically precedes the parabolic rally:
Technically this implies that there is little (if any) time left before DOGE starts its aggressive rally phase where traditionally it doesn't offer many opportunities to catch it. The Sine Waves that accurately grasp the Cycle's Top, show that the coin will be entering its Peak Phase at the start of next year and may last until May 2025.
In any event, back to today, with the 1W MA100 (green trend-line) holding this month, the Bull Flag is about to break upwards and our Target remains the 0.786 Fibonacci level of the Fib Channel at 2.000. An overextension Target for those who wish to leave some coins running, can be 6.000, right at the top of the pattern.
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DOGEUSD Bullish Side Robbery PlanMy Dear Robbers / Traders,
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DOGEUSD Bullish Side Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist DOGEUSD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous Level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
DOGEUSD The time to buy aggressively is NOW!!Dogecoin (DOGEUSD) has so far fulfilled our July 24 2023 call (see chart below) for 6 months of sideways trading and is about to get out of this Cycle's Accumulation Phase:
As you can see on this chart, the price action respected our Accumulation Phase boundaries strictly and is about to form a 1W MA50/MA100 Bullish Cross. When this Cross was formed on each of the previous 2 Cycles, Doge started a rally. In the case of 2020 it was almost instant. We are less than 3 weeks before completing 1050 days from the All Time High (ATH), which during the past 2 Cycles was a benchmark for the start of the Parabolic Rally Phase (green Rectangle).
As a result, we are turning aggressively bullish on Doge, aiming at the 0.786 Fibonacci level of the Channel Up at $2.000. That is a fair Target price but we believe that if the market makes an overextension, we can even see it reach as high as $6.000.
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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 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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DOGEUSDT hit our target and broke above the 1D MA200! What next?*** ***
For this particular analysis on Dogecoin we are using the DOGEUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where DOGE finally hit our 1D MA200 (orange trend-line) medium-term target which we set after spotting the RSI Bullish Divergence as outlined on our October 04 idea below:
As you see the massive pump, fueled by the Musk-Twitter news, broke rapidly above Resistance 1 and hit the 1D MA200 for the first time since November 09 2021! The final Resistance (2) is at 0.0900 on the August 16 (Lower) High. This happens to be now exactly on the top (Lower Highs trend-line) of the long-term Channel Down pattern that dictates the Bear Cycle since mid May 2021.
With the 1D RIS vastly overbought above the 80.000 mark, though not necessary when fundamentals and news dominate the price action, it is reasonable to see profit taking and a relief pull-back. Could be as low as the 1D MA50 (blue trend-line) itself, which if DOGEUSD is starting a new Bull Cycle, will be the Support line.
In our view, we should wait for the price to break and close above the 1D MA300 (red trend-line), which was previously the Support of the Bull Cycle, up until November 18 2021, and hasn't been touched every since. This is basically the last barrier before the price technically seeks the upper Fibonacci extensions of the Channel at 1.382, 1.5, 1.618 and finally 2.0.
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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 Critical 1D MA50 test*** ***
For this particular analysis on DOGEwe are using the DOGEUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Doge has been trading within a Channel Down since mid-May 2021. The median of the Channel plays a key role on this pattern as it distinguishes the formation into a Buy and a Sell Band, with the former being the bottom part where buying is a more optimal choice and the latter being the top part where selling is advised. Remarkably, the price has been mostly trading in the Sell Band but since May 11 it dropped aggressively and stayed in the Buy Band.
The recent 1 week rally though has brought the price just below the Channel's median and right on a critical 1D MA50 (blue trend-line) test. The 1D MA50 is important because every time the price broke above it, Doge reached as high as the 1D MA200 (orange trend-line). The 1D MA200 is currently just below the Channel's top (Lower Highs trend-line) so keep an eye for a candle closing above it, which will be a break-out buy signal near the 1D MA200. The 1D MACD is printing a similar sequence and the June-July 2021 pattern which was the previous Lower Low of the Channel and after breaking the 1D MA50, it almost hit its top.
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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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DOGEUSD LONGThe recent price movement of DOGE shows it's strong buying power from the support level of 0.1814. Although, it has been a downtrend from the highest high resistance of 0.3263. We see buyers action going strong, setting the asset price for a bull run to break the 0.2951 price resistance.
I have set an entry base on this analysis and I will love to know what you think about this weekly price action prediction on DOGECOIN against the US Dollar.
DOGEUSDT Breakout!DOGEUSDT (4H CHART) Technical Analysis
Falling Wedge Pattern
DOGE/USDTT currently trading at $0.3015
Buy-level: Above $0.2966
Stop loss: Below $0.2717
Target 1: $0.3250
Target 2: $0.3454
Target 3: $0.3796
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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