DOGEUSD: Elliott Waves Intraday TradingRocket with DOGE COIN logo temporarily broke)
I have closed the old long position yesterday with a good profit, before the decline.
Edited my trading plan, and started gaining volume for the long position waiting for the completion of the correction within wave Y of wave 4.
All in all, some wave X is likely to be formed locally and it might end up on the boundary of the past trend line.
In the alternative scenario, the sluggish dynamics will continue and the current wave 4 structure may take on a triangle pattern.
Will the DOGE give a 40% gain, do you think?)
Best Regards,
CEO Tornado Capital
Dogeusdtlong
DOGEUSDT: LOCAL WAVES COUNTHi all.
Decided to share a trading plan for DOGEUSDT.
Actually, I expect that the market structure will complete the corrective formation in the form of a 3-wave pattern and the price will begin a quick recovery.
With an average price of a formed long position of 0.057, you can get an excellent ratio of possible risk to profit - 1:5.
In the case of strong rally, the coefficient can grow up to 1:15.
The driver can be the recovery of the price of bitcoin( my trading plan for BTC at now ) , as well as any public information from Elon Musk regarding DOGECOIN :)
Best Regards,
CEO Tornado Capital
Trading opportunity for DOGEUSDTBased on technical factors there is a long position in :
📊 DOGEUSDT-Dogecoin
🔵 Long Now 0.0873
🧯 Stop loss 0.0780
🏹 Target 1 0.0960
🏹 Target 2 0.1111
🏹 Target 3 0.1330
💸Capital : 1%
We hope it is profitable for you ❤️
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Small Cap alt coins trending, Doge Doge coin is has had a major pump from the positive announcement of Elon Musk acquiring Twitter. Elon Musk/Twitter has also told the press that implementation and integration of Doge into Twitter is a future possibility which therefore drives the price upwards.
Doge also has to take into account for the Bitcoin price changes which may cause the market to crash or may cause the cryptomarket to go into an alt-season.
To support this analysis and a bullish momentum of Doge does the MACD seeem bullish, as well as an opening of the KC. The RSI may be overbought as the red candle formed but the positive trend is still overarching.
Couple of trade option DOGEHeres a couple of ideas for a trade on DOGE
1. Potential formation of a bullish pennant from the recent rally. Been recently trying to understand and work on my risk:reward ratio when it comes to trade, by sitting at the bottom of the pennant (potential support) I can minimize my risk. You might like to wait for confirmation of this support before entry, like a green hammer formation. note: 15minute chart, so things could move quickly.
2. Retest the macro reistance as support, would have a heavier weighted amount here compared to above. Again, might want to see what candles are formed here first before entry. But could be a good entry for a tare down from bitcoins recent rally.
$DOGEUSDT Supernova 💫❤️🕊️What is Dogecoin (DOGE)?
Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
DOGE: BULLISH RALLY ABOUT TO START!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Welcome to this DOGE/USDT update.
Long DOGE/USDT
Entry range:- CMP and more up to $0.133
Target:- 1300%
SL:- $0.12
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
$DOGE @elonmusk is buying Twitter...probably nothing...Analyzing $DOGE is like doing Elon Musk analysis. The two are connected and unpredictable.
We can however see that the movement is bullish and the ATH has been running for almost a year (May 8th 2021).
In the $DOGE foundation there are both Musk and Buterin and this coin has yet to take its revenge on the other Dog.
If the rise starts as it seems, I thought about the TP (green) and the SL (orange) reached each step.
The FIB time cycle suggests that something may happen around June 10th, but I think it happens sooner.
And yes! Musk is buying Twitter...probably nothing...
Dogecoin possible +40% outcome. Have to wait and see!Here are a few Dogecoin possible ideas. We did complete a cup and handle formation noted in yellow. This can be used to see our next resistance and support indicators.
This is not financial advice, just a few ideas I have. These will be modified as time goes on. Due your own research... Best of Luck!
Please let me know your ideas and thoughts! I would love the feedback.
DOGE BRACKOUT! READY TO PUMP 400%!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG
doge at CMP and add more up to $0.158
Target:-400%
SL:- $0.168
Leverage:- 5x
This chart is likely to help you in making better trade decisions if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
DOGEUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.14 - 0.16 - 0.19
after first target reached move ur stop to breakeven
Stop: ~0.095 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
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.