DOGE → To the Moon or Doom!? This Chart Makes It Clear.Dogecoin is currently sitting on Bull Channel Support, a moment we need to pay close attention to if we want to enter a trade and maximize our profits. If the price falls through, we should be looking to get short and a bounce means we ought to long.
How do we trade this?
If you're not in a trade right now, wait. We need to see not only a bull signal bar but a bull confirmation bar as well for optimal justification to enter a long. That means a bull bar closing on or near its high above the bull channel support. Long take profit targets could be the previous high of around $0.087 and the top of the bull channel of around $0.09. Stop loss should be just below the 200EMA.
To justify a short, we need to see a bear bar closing on or near its low below the bull channel support, preferably below the 200EMA. That would be our signal bar, the confirmation would be a follow-through bar closing on or near its low below the 200EMA. Reasonable take profits would be the previous support areas around $0.068 and $0.06. Stop loss just above the 200EMA.
Key Takeaways
1. Bull Channel, Bias to Long.
2. Currently Testing Bull Channel Support.
3. Wait for Bull Signal and Confirmation to Long.
4. Bitcoin Struggling to Break Weekly Resistance, a Market Leading Indicator.
5. RSI at 42.00 and below Moving Average, wait for a sign of support to Long.
You are solely responsible for your trades, trade at your own risk!
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Dogeusdtlong
a happy doge holiday is comingdoge finished 5 waves down ran for the a+b now preparing for the C
doge aproaching the corner of a triangle programed for breakout by latest 20-21 december
TD sequential closed 9 red candle styx and i am expecting a new green count any day now.
the current daily candle seems to be closing as a bullish hammer candle in 15 minutes.
holidays are fast aproaching and i expect doge going for a run together with bitcoin and bring back hope to the crypto markets.
elon is having fun lately with twitter while fighting the trolls, bots and liars, leaking truth and bringing back power to the people. inevitably dogecoin plays some kind of role in this as well which soon could be revealed acting as a catalyst to push price & dominance further up.
my next target is 0,245 cent
do not blindly trust my analysis & feelings. i could be wrong and break down lower instead.
happy trading and happy holidays!
Doge Climbs to New Heights: Why Traders Should Jump OnboardHold on tight! Discover why Doge's meteoric rise of 0.08 has traders wagging their tails in excitement!
Ready to embark on a thrilling trading adventure? Brace yourself as we unveil the wild and wonderful world of Doge's recent surge, leaving traders howling for more!
🌟 Hold onto your hats, fellow traders, because Doge has skyrocketed like a pack of excited pups chasing their tails! In an unexpected turn of events, our favorite canine-themed cryptocurrency has made jaws drop with a staggering rise of 0.08. That's right ― 0.08! 🙌
Now, you might be thinking, 'What's got Doge wagging its tail with such gusto?' Oxygen? Barks of encouragement from Elon Musk? Well, joke's on you, my friend, because the secret sauce here lies in the remarkable community behind Doge. From passionate hodlers to enthusiastic Doge memes, this unique blend of charm and fervor has lit the fire under Doge's paws!"😄
But what does this mean for traders like ourselves? It's time to seize the moment, embrace the Doge spirit, and explore the untapped potential of this remarkable ascent. Doge is showing us that it's not just a meme coin, but a force to be reckoned with. So, why not join the pack and venture into a world of soaring possibilities?
📈 Why Longing Doge Might Be Your Best Decision Yet 🚀
1️⃣ "Scarcity is outdated, my friend! While some cryptos battle for scarcity like it's a juicy bone, Doge thrives on the power of community. Doge's recent rise demonstrates the strength of collective belief ― a bond stronger than any leash. So, dare to long Doge and relish in the uplifting energy of standing with others who share the same vision!
2️⃣ "Doge proves that not all heroes wear capes, sometimes they wear doggy memes! Embrace the unconventional and bask in the wonders of a cryptocurrency that effortlessly infuses joy into our trading journeys. Longing Doge is not just another transaction; it's an expression of solidarity with millions of fellow Doge enthusiasts. Who knew trading could be this fun?
🔥 Unleashing Doge's Future Potential 🔮
Brace yourselves, traders, as we enter the realm of speculation. Imagine a world where Doge's charm propels it to new heights. With widespread adoption on the horizon, Doge could become the go-to currency for fun and friendly transactions, leaving traditional barks in the dust. So, why not hitch your wagon to this crypto star before it shines even brighter?
In a world where conformity rules the day, Doge reminds us to embrace our unique inner pups. From humble meme beginnings to soaring heights, its journey symbolizes the power of unity and the remarkable potential that lies within us all. So, let's dream big, trade smart, and remember: to the moon, one Doge at a time!" 🚀
The breakout confirmation of the descending wedge on DOGE Hello everyone!
DOGE has been in a prolonged sideways movement for exactly a year with gradual decrease in peak price values and updating of local lows.
This movement formed a descending wedge formation, and upon breaking out of this formation, the price should reach the range of the widest part of the pattern, which is also confirmed by Fibonacci levels.
If a position is opened from the current values, the expected profit is 66%. If an entry is made from the 0.236 Fibonacci level, the expected profit is 51%.
This is not financial advice, and everything you do is at your own risk!
Doge Breaks Through Resistance of 0.065 - Time to Go Long!
I hope this idea finds you wagging your tail with excitement because guess what? Doge has just made a jaw-dropping move by breaking through the resistance level of 0.065! 🚀🐶
I couldn't contain my excitement and had to reach out to you immediately to share this thrilling news. Doge has been gaining momentum lately, and this breakthrough is a clear sign that it's time to hop on the Doge train and go long!
But why should you consider going long on Doge? Let me give you a few pawsome reasons:
1. Breakthrough Momentum: Doge's recent breakthrough of the resistance level indicates a strong bullish sentiment in the market. This breakout has the potential to fuel a significant upward trend, presenting an excellent opportunity for traders like you.
2. Community Power: Doge has one of the most vibrant and passionate communities out there. Their collective enthusiasm and support have played a significant role in driving Doge's growth. With such a dedicated community behind it, Doge has the potential to surprise us all!
3. Volatility: We all know that volatility can be a trader's best friend. Doge has shown its ability to make wild swings, presenting ample opportunities for traders to profit. By going long on Doge, you can ride the waves of volatility and potentially maximize your gains.
Now, I know you're probably itching to take action and capitalize on this exciting opportunity. So, here's your call-to-action:
📣 Join the Doge revolution now and go long on Doge! 📣
Whether you're an experienced trader or just starting, this breakout presents a fantastic chance to make some serious gains. Don't miss out on the action!
Remember to conduct your own analysis, set your risk management strategies, and make informed decisions based on your trading goals. As always, it's crucial to stay updated with the latest market trends and news.
Grab your trading gear, brace yourself for an exhilarating ride, and let's go long on Doge together!
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 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 high time frame overviewHere is a long term view of DOGEUSDT. The price is currently trading just under the monthly resistance MR1. It bounce in June from a strong support confluence of monthly and weekly support. Its facing the resistance MR1+WR1 which is also confluence of monthly and weekly resistances. Since the price has been rejected from the resistance, usually it is likely that it will go to the next support. But since there is no follow through after that first weekly red candle, things are looking different. The current weekly candle is still in formation and currently it is green but lets see how it turns out at the end of the week. In case it remains a green one and trades under that resistance zone, then likelihood of it going above is higher and the next target for the price should then be weekly resistance zone WR2 and probably monthly resistance MR2. If we close current weekly candle red, then highly likely we are headed for weekly support WS1 and this case is currently not having a strong ground. Anyways, lets keep a watch on this one.
Doge Skyrockets 10% on Speculation of Elon Musk's X Payment ChoiBrace yourself, my friend, because Doge has just taken a giant leap forward, soaring an incredible 10% on the back of Elon Musk's latest speculation about its potential as a payment choice for his X venture. 🚀🌕
Yes, you read that right! The Doge rocket ship is on the launchpad, fueled by the excitement surrounding Elon Musk's tweet and the endless possibilities it holds for our favorite meme-inspired cryptocurrency. This kind of news ablaze the crypto community and ignites our passion for the market.
Elon Musk, the visionary entrepreneur and Tesla CEO, has always been a vocal supporter of Doge, and his latest hint about Doge becoming a payment option for his X venture has sent shockwaves through the entire financial landscape. The potential for Doge to become a widely accepted currency is now within our grasp, and the market is responding with an exhilarating surge.
Now, my fellow trader, it's time to seize this opportunity and make the most of this thrilling momentum. I encourage you to consider investing in Doge for the long term. With Elon Musk's backing and the growing acceptance of cryptocurrencies in mainstream society, Doge's potential is limitless.
Here's why I believe investing long-term in Doge is a decision that could reward you handsomely:
1. Elon Musk's endorsement: Elon Musk's unwavering support for Doge has already propelled it to unimaginable heights. With his influence and vision, we can expect further developments and partnerships to solidify Doge's position in the crypto world.
2. Growing acceptance: Cryptocurrencies are no longer just a niche interest. They are quickly gaining favor in various industries and becoming a preferred mode of payment for many. Doge, with its fun and approachable nature, has the potential to capture the hearts of millions worldwide.
3. Community-driven success: Doge's strength lies in its incredible community of passionate supporters. The Doge Army is a force to be reckoned with, and their collective efforts to spread awareness and adoption have already shown promising results. Together, we can push Doge to new heights.
So, my friend, I invite you to join me on this exhilarating journey. Let's embrace the Doge revolution and invest in its long-term potential. Together, we can ride the rocket ship to the moon and beyond!
doge hit 0.41 ? area fibo 0.618 very crutial i have opinion for doge coin. after break at trendline major
0.105$
0.13$
0.16
0.13
0.18/.196
0.13
0.11
0.21
and boom this waves 3 fast to claim area 0.41 you can TP all this need confrimation to continous to waves 4 and 5.
if you have other opinion pls comment
thank you
Doge - go short positionOn the 4 time frame, a squeeze to the level.
A redemption candle that lures many players into longing.
On the daily timeframe false breakout of the previous day.
On the hour timeframe marked in green the zone of the false breakdown.
A big short player is taking a position.
Locally there is a shorting slope.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.