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Dogeusdt

Treading the Bull-Bear TightropeAs of October 10, 2023, Dogecoin (DOGE) is priced at $0.05891, marking a minor pullback from its earlier attempts to breach the resistance level of $0.06459, and the month kicked off with DOGE breaking free from a descending triangle pattern, supported by an ascending trendline, sparking hopes for an uptrend. However, the failure to surpass the resistance quelled the bullish enthusiasm, dragging the price below the $0.06 threshold. Analysis: The technical indicators for DOGE earlier this month showed promising signs, with the Relative Strength Index (RSI) testing the overbought zone, indicating a solid buying and selling power. However, the inability to clear the near-term resistance suggests a lack of buying pressure at higher price levels. The Moving Average Convergence Divergence (MACD) painted a green histogram, signaling positive price action, but the recent price retraction calls for cautious optimism. Recent News and Fundamentals: Dogecoin's narrative this month also echoes the broader market dynamics. A recent downturn in the crypto market reflected a 2% price dip for DOGE alongside other assets like XRP and Solana. Despite the uneventful trading pattern, machine learning algorithms project a modest price target of $0.060218 for DOGE by the end of October 2023. The coin's position as the 10th largest cryptocurrency, boasting a market cap of over $8.6 billion, fuels speculative projections of a price surge to $0.098 by the year-end. Most Probable Scenario: The ongoing tussle between bullish and bearish forces is pivotal, with the $0.06459 resistance level acting as a significant barrier. Should bullish momentum regain traction, ascending past this resistance could set the stage for further upward movement toward the secondary and tertiary resistance levels. Conversely, a bearish dominance could prompt DOGE to retest the support at $0.05800, potentially delving lower if the broader market sentiment sustains a bearish tone. Amid the mixed market sentiment and recent fundamental developments, a keen eye on technical and fundamental indicators is imperative to navigate DOGE's unfolding narrative.
by MonoCoinSignal
23
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis: Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.060, which it broke, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis: Trade setup : Bullish breakout from Descending Triangle pattern. Price is retesting that breakout level now and if successful, it could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
The key is whether it can rise above 0.06403Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DOGEUSDT chart) (1M charts) The key is whether it can receive support around 0.06135 and rise above the MS-Signal indicator. If this is not the case and it falls, the HA-High indicator is expected to fall and be created. At that time, it is necessary to check whether it is supported near the HA-High indicator. (1W chart) The key is whether it can rise above 0.08072. To do so, it is necessary to check whether it is supported and rising around 0.05866-0.06807. If it falls below 0.05866 and shows resistance, it is highly likely that it will lead to a further decline, so a countermeasure is needed. (1D chart) Although it is a section where the role of support and resistance cannot be said to be strong, the key is whether it can receive support and rise in the 0.06403-0.07746 section. Accordingly, the key is whether it can rise above 0.06403. If not, and it shows resistance around 0.06403, there is a possibility that it will fall to around 0.02826, so caution is needed. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
2
DOGE/USDT rome wasn't built in a day.-A lot of talking about dogecoin since 2020...it will reach one dollar, up, up, I'm bullish!! But let's be reasonable here, shall we... the dogecoin launched in 2014 it took 7 years to reach the peak at 0.7$ (end of the first cycle) -So is it logical to assume that the second cycle ends after 2 years of correction!! -The historical data of the market gives us a sight of the correlation between the impulsive waves and the correct ones, it appears to take minimum 1/2 the time of the rally -So I'm not wrong if I say that the drop hasn't ended yet -The chart allows you to see just the wave analysis but trust me it's more than that, there's a geometrical analysis I'm not allowed to share so bear with me -I will add an update after the B wave ends -I'm not being pessimistic here, after the end of wave C we will see an impulse wave exceed 0.7$ to 3$
by Yusakudo_yle
4
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis: Trade setup : Bullish breakout from Descending Triangle pattern. Price is retesting that breakout level now and if successful, it could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this DOGE/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Dogecoin (DOGE) has rallied after two days of decline. DOGE/USD reached a peak of 0.06117 early in the day, following a low of 0.06027 a day earlier. the move was made after DOGE bounced off recent price levels at 0.0600. it looks like the next target will be around the 0.06369 area, which was last hit exactly a week ago. To reach this point, price strength would need to climb above the current reading of 42.52, and move closer to the ceiling of 44.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
Is Elon Musk still rooting for DOGE?Hi Traders, Investors and Speculators of Charts📈📉 Here's a quick plan for DOGE, short term! Dedicated BUY zones, dedicated SELL zones.. BUT, let the trade come to YOU. In other words, wait patiently until the price reaches the pre-planned zone before jumping in. There's been lots of chatter about X (formerly Twitter) potentially utilizing DOGE in the future. Elon Musk himself has pimped out Dogecoin multiple times. But so far, none of those talks have come to realize. So for now, let's trade DOGE on technical setups instead of future fundamental potential! _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:DOGEUSDT
Long
by CryptoCheck-
43
DOGE: Descending TriangleDogeCoin (DOGE) technical analysis: Trade setup : Price is in a downtrend , trading in a Descending Triangle pattern, with $0.06 acting as a triangle support trendline. We wait for a breakout, which could be soon. In case of a bearish breakout below $0.06, price would likely revisit $0.053. In case of a bullish breakout, price could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend . Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
2
DOGE Dogecoin Price Target|Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for DOGE Dogecoin is $0.053, where it will form a Double Bottom. Looking forward to read your opinion about it!
Short
by TopgOptions
🔻 DOGEUSDT 🔻 SHORT - September -17%DOGE 1-day Chart BINANCE:DOGEUSDT BINANCE:DOGEUSDT.P COINBASE:DOGEUSDT OKX:DOGEUSDT.P Liquidity has been mostly cleared from the top. I anticipate a 16% decline from the current position. The nearest target is 0.05280. I've marked local correction levels on the chart. Wishing everyone profitable trading. P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing my market insights. Subscribe ↗️ to stay updated on new ideas.
Short
by SHIFU_
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Dogecoin. Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs. However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:DOGEUSDLong
by basictradingtv
26
DOGE: Approaching SupportDogeCoin (DOGE) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, giving up all of those prior gains. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Long
by altFINS
DOGE Dogecoin Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for DOGE Dogecoin is $0.053. Looking forward to read your opinion about it.
Short
by TopgOptions
🚨 DOGE 🚨 24H Upside Potential 🌞; 1-Week Horizon ☁️Mixed trading conditions ahead over the next 24 hours on the global crypto market. Slightly bullish sun 🌞 to shine over Dogecoin, Bitcoin, and Cardano while Ether and XRP face rainy downside risk. 🌧️ Over a one-week horizon, cloudy ☁️ or rainy 🌧️ bearish trading conditions are likely to prevail according to ATTMO, indicating a slightly bearish market with downside risk. Chainlink bucks the trend, with a sunny bullish mood ahead 🌞. Follow us for more crypto weather reports!
by ATTMO