Dogeusdtidea
Analysis of DOGEUSDT Perpetual Swap (4H - Binance)Analysis of DOGEUSDT Perpetual Swap (4H - Binance)
1. Trend Analysis
Downtrend with Weak Recovery Attempts:
The price remains below EMA 50, EMA 100, and EMA 200, confirming a strong bearish trend.
Multiple sell signals indicate continued selling pressure.
The price is attempting to bounce from the demand zone around 0.30510 USDT, but there is still a lack of strong bullish momentum.
Short-term Consolidation Before a Decision:
The price is currently trading in a tight range, between 0.32573 - 0.3360 USDT, suggesting uncertainty.
If buyers gain strength, a move toward the EMA 50 and 0.35 - 0.36 USDT resistance zone is possible.
If selling pressure continues, a breakdown toward 0.30510 - 0.2860 USDT is likely.
2. Key Resistance Levels
🔴 Major Resistance Zones:
0.3360 USDT: Immediate short-term resistance; breaking this could lead to a bullish attempt.
0.3500 - 0.3595 USDT (Fibonacci 0.382 & EMA 50): A strong resistance zone; if price reaches here, expect increased selling pressure.
0.3695 - 0.3848 USDT (Fib 0.500 - 0.618 & EMA 100): If price breaks higher, this area will be a key test for bullish continuation.
0.4067 - 0.4199 USDT (Fib 0.786 - 0.886): A major supply zone; price would need strong volume to break through.
3. Key Support Levels
🟢 Critical Support Levels:
0.3257 - 0.3306 USDT: Local support; if it fails, expect a retest of lower levels.
0.3102 - 0.3051 USDT (Demand Zone): A crucial level where price previously bounced; buyers might step in here.
0.2860 USDT: A deeper support zone; if price breaks below this, the trend could turn even more bearish.
4. Risks & Concerns
⚠️ Potential Risks to Watch:
Bearish Trend Still Dominant: The price remains below key moving averages, meaning uptrends could be short-lived.
Lack of Strong Buying Volume: If volume remains low, any short-term bounces could fail.
Potential Fake Breakouts: Since price is consolidating, false breakouts above resistance or below support are possible before a clear trend emerges.
5. Trading Strategy
✅ Long Scenario (If Price Holds Support and Bounces):
Entry: If price holds 0.3257 - 0.3306 USDT and starts to show bullish signals.
Target 1: 0.3360 USDT (Short-term resistance)
Target 2: 0.3500 - 0.3595 USDT (EMA 50 / Fib 0.382 Resistance)
Stop-Loss: Below 0.3200 USDT to limit downside risk.
✅ Short Scenario (If Price Rejection at Resistance or Breaks Support):
Entry: If price fails to break 0.3360 - 0.3500 USDT and shows signs of rejection.
Target 1: 0.3257 USDT (Local support)
Target 2: 0.3102 - 0.3051 USDT (Demand Zone Retest)
Target 3: 0.2860 USDT (Deeper support level)
Stop-Loss: Above 0.3550 USDT to avoid fakeouts.
6. Summary & Outlook
📌 DOGEUSDT remains in a downtrend but is attempting a short-term bounce from support.
📌 Key resistance lies at 0.3360 - 0.3500 USDT, while major support is at 0.3051 - 0.2860 USDT.
📌 A breakout above 0.3500 USDT could push DOGE higher, while failure could lead to a deeper drop.
📌 Strategy: Wait for confirmation of support holding for a long entry or short upon resistance rejection.
🔎 Recommendation:
Monitor price action around 0.3306 - 0.3360 USDT. If the price holds, it could indicate a short-term bullish opportunity.
Be cautious of false breakouts. Enter only when there is a clear trend confirmation with volume.
💬 Would you like me to refine the analysis further? 🚀📊
DOGE risks falling below $0.20: analysisDogecoin (DOGE) price has dropped over 30% from its yearly high of $0.48 earlier this month. This decline is linked to multiple bearish signals, increasing the likelihood of further price decreases.
As the year draws to a close and bearish pressure mounts, technical indicators point to a further decline in DOGE’s price, possibly slipping below $0.20. Here is why.
A “Death Cross” pattern has been formed on the DOGE/USD one-day chart. This is a bearish pattern that is formed when an asset’s short-term moving average (often the 50-day moving average) crosses below its long-term moving average (commonly the 200-day moving average), suggesting a shift in market sentiment from positive to negative.
Readings from the DOGE/USD chart showed that DOGE’s 50-day MA crossed below its 200-day MA on December 18, and the meme coin’s price has since plummeted by 20%. This crossover is a bearish signal, suggesting a weakening trend, with recent price declines outweighing long-term price gains.
Currently, DOGE is trading below the resistance at $0.33. Persistent spikes in selling pressure at this level could drive its price down to the support at $0.28.
Should this support fail, DOGE’s next key level lies at $0.23. If bulls cannot defend this level, the meme coin could slip below the $0.20 zone, potentially reaching $0.17.
On the other hand, a successful breach of the $0.33 resistance level could propel DOGE towards its yearly peak of $0.48.
#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!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions