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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Dogeusdsignals
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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DOGEUSD Potential for $3.50 - 5.50 on the next Fibonacci peak.The pattern on DOGE is a Channel on the Fibonacci scale since last November/ December when the 0.005 High broke.
Since then, every High crossing has resulted into a break-out towards the 3.0 Fibonacci extension.
Every consolidation phase traded within a maximum of 2.00 Fib interval.
The current is within the 3.50 - 1.50 Fib levels of the Channel. Assuming that the April 23 ~0.1400 low holds, then the 3.0 Fib extension, when the April 16 ~0.4800 High breaks, will be around 5.60. Assuming a scenario where the current consolidation is longer than the previous, then it is possible that the 4.00 Channel Fib ext won't be crossed on this phase. That puts the Target Zone of the next peak within roughly $3.50 - 5.50.
How realistic is this for you?
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Doge is Preparing for Breakout 🚀🚀🚀🚀🚀🚀 Hello Dear Traders,
as u can see in chart doge has formed a ascending triangle and its preparing for another leg up, when btc dumped doge was stable no major impact of dump was seen in doge.
i think its again preparing for pump. its already on top so i recommend just invest 1% of capital in doge.
DOGEUSD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in comment so we can manage the trade together.
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GWBFX
Doge ready to bullish again??continue the analysis of the past doge.
At the moment, it seems that the Doge is still unable to show a reversal to bullish, but that does not mean that the Doge goes into Bearish.
The doge is still in the corridor of the bullish trend as long as the doge does not fall more than validation 2 at 0.04
There is a possibility that at this time a minor correction move such as the yellow line and the Doge will continue its bullish trend again.
But whatever can happen, we still have to keep the risk to a minimum, so let's invest wisely in this coin.
I personally believe Doge will be able to hit the 0.4 price level for some time to come, but that doesn't mean Doge will go straight to 0.4 right? that's the importance of minimizing the risk of investing.
DOGE/USD LONG SET UP (MAJOR BREAK OUT ZONE)Dogecoin seems to have jumped into life as it was announced that the digital asset was listed on Robinhood’s crypto platform. So now the price of Dogecoin is boosting up by 20%! The US crypto platform has announced that they will now be listing Dogecoin as an asset for trading. Robinhood’s cryptocurrency platform is available in seventeen states and got its first time in the news after it made the decision to launch a zero-free Ethereum and Bitcoin trading earlier this year. The Robinhood crypto platform is allowing further offers for consumers to access Bitcoin Cash and Litecoin
BUY DOGE/USD ON ROBINHOOD
ENTRY 0.00248
ENTRY 2 0.00255
TP.1 0.0031
TP.2 0.0062
TP.3 0.0078
TP.4 0.01