Dogeusdtidea
#DOGEUSDT: Another Big Time Buying Chance! BINANCE:DOGEUSDT
Price has fallen to previous lowest low, indicating another reversal from the same area, however, please wait to witness some bullish behaviour to occur. After that, we can have a buy entry and target the previous Higher High. Our final target is 0.22.
Good Luck
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DOGE/USDT - Bearish Outlook at Key Resistance ZoneKey Resistance Area:
DOGE/USDT has encountered a significant resistance area, coinciding with the formation of an XABCD harmonic pattern. This area is crucial as it aligns with the 4-hour trendline, indicating a strong barrier to further upward movement.
Bearish Expectations:
Given the confluence of resistance factors, we anticipate a bearish move from this point onward. The combination of the key resistance level, harmonic pattern formation, and alignment with the trendline suggests increased selling pressure in the near term.
Trade Recommendation:
- Entry: Consider entering short positions near 0.2024, aiming to capitalize on the anticipated bearish momentum.
- Stop Loss: Place a stop loss order near 0.2310 to limit potential losses in case of unexpected bullish movements.
- Take Profit Targets:
- TP-1: 0.1752
- TP-2: 0.1470
- TP-3: 0.1164
Conclusion:
Based on the technical analysis, a bearish outlook is favored for DOGE/USDT. Traders are advised to exercise caution and adhere to risk management strategies when executing trades within this volatile market environment.
#DOGEUSDT: 03/04/2024Dear Traders,
Welcome back hope you all had great holidays.
BINANCE:DOGEUSDT possible downtrend to continue; we have seen crypto rally in recent time, and we may see some correction in the market. Smart entry would be when price fill the liquidity void area, that is where we can take sell entry. Remember, cryptocurrencies remain too volatile compare to forex. So if you are new then please use proper risk management and have a enough knowledge before you take any positions.
DOGEUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
The minimum conditions for impulse have been completed, waiting for correction and continuation of growth.
Entry zone: 0.14 - 0.11
Good luck everyone!
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It's not financial advice.
DYOR!
DOGEUSDT to visit weekly support before bounceWeekly resistance WR1 rejected the price on the last pump to 0.2 level. After that rejection price bounced but succumbed to the drop in BTC. Currently it is trading between weekly resistance WR1 and weekly support WS1. The price is likely to reach to weekly support WS1. This support is likely to provide the necessary momentum for the price to head up towards WR1.
DOGEUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
increased risk(dogshit token)
Entry: Market and lower
Targets: 0.11 - 0.13 - 0.15
Stop: under 0.068 (depending of ur risk).
RR: 1 to 4
ALWAYS follow ur RM.
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
DOGEUSDT at monthly support, likely to bounce upThe price has hit the monthly support MS1 again. It has done that several time in the past and this support has held the price since the drop started after hitting all time high in 2021. Everytime, the price has bounced from this support before the next visit of this support. The price is again at the same juncture and it is likely that the price bounces from this support again. The price may dip a bit further into this monthly support zone but eventually it shall reverse sooner or later from this zone. Therefore, a long from this zone is favorable. In case if the unlikely event of losing this monthly support happens, then it is likely that the price will visit weekly support around 0.009.
🔻 DOGEUSDT 🔻 SHORT - Local on 01/09DOGE - 1h - BINANCE:DOGEUSDT COINBASE:DOGEUSDT OKX:DOGEUSDT KRAKEN:DOGEUSDT BITMEX:DOGEUSDT.P
The impulsive downward movement of DOGE received a reaction in the nearest FTA zone.
It has entered a sideways movement, and based on the chart, there doesn't seem to be much eagerness to buy at the moment.
I anticipate the removal of internal liquidity at the level of 0.0641-0.06461 , followed by further downward movement.
The initial targets for removal are 0.06252 and 0.06236 .
Afterwards, I will be monitoring buyer reactions; if we see strong buying activity, DOGE may rebound.
If not, there's a possibility of a spill down to the level of 0.06160 with a correction, and the nearest target becomes 0.06011 .
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DOGEUSDT again on daily support and likely to bounceThat bounce from daily support DS1 took us again to the DR1+4HR1 resistance zone making the long a successful trade. The price again got rejected from there and landed again on this daily support zone, You know what to do now. Long the support until it is not anymore.
DOGEUSDT likely to head to daily support around 0.735On lower time frame, it seems the price wants to revisit the daily support from where it has bounce a couple of time in past week. The price was rejected from the confluence of weekly and 4h resistance current trading below it. I think the probability of it hitting the daily support DS1 is high and therefore a long is not favorable here.