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The DOGS/USDT 1-hour chart indicates a potential Elliott Wave structure, with a completed 5-wave uptrend followed by an ABC correction, suggesting the market could be setting up for a new upward move if key levels hold. However, the move from the proposed end of the C wave is not forming an ideal motive wave.
Key Levels:
Support: The significant support zone around 0.0012091 could serve as a foundation for a potential bounce, with 0.0012879 currently acting as support.
Resistance: Resistance is noted at 0.0013205 and 0.0013788. As the price approaches these levels, it may encounter selling pressure. For a sustained bullish trend, these levels need to be broken and flipped into support.
Technical Indicators:
A descending trendline from the peak of wave 5 underscores the bearish trend. The price is testing a break above this trendline, which could signal a trend reversal if it holds.
A Fibonacci retracement at the 0.618 level would add validity to the bullish scenario with a break of it excluding the potential for algorithmic participation.
Scenarios:
Bullish: If the price can break above the descending trendline and maintain above the 0.0012091 support, it could target higher resistance levels. Successfully breaking and converting these into support would suggest a continuation of the bullish trend.
Bearish: Failure to hold above the 0.0012091 support level may lead to further declines, reinforcing the bearish trend.
Conclusion: DOGS/USDT is at a pivotal juncture. Holding above the descending trendline supports a bullish outlook, while failure to maintain support levels could signal more downside. Monitoring price action around these key levels will be crucial for determining the next move.
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Trade Clarity!
DOGSUSDT
Dogs middle term targetsDogs targets BINANCE:DOGSUSDT
Possible Targets and explanation idea
➡️12H tf, IAP model (how to work with model you can find educational post in ideas)
➡️Zones for accumulation marked on a chart
➡️Swing trade red zone also marked, if you accumulate dogs for long run, targets over ath
➡️Market Mood indicator on 12h D and W still too overhyped!
➡️After listing so big market cap, need bigger correction
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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#DOGS/USDT#DOGS
The price is moving in a downtrend on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 0.001250 from which the price rebounded and
Entry price 0.001290
First target 0.001390
Second target 0.001478
Third target 0.001590
DOGS SHORT term Road Map !!!The price is symmetrical in the triangle, which means that we should wait for the triangle to break.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOGS Analysis==>>Pumping +20%/+30%Today, I want to analyze the DOGS Telegram project for you. The DOGS token has been listed in various exchanges for less than three days, and its great popularity caused a six-hour interruption on the TON blockchain .
But the bad luck of the DOGS project is that its listing coincides with the arrest of Pavel Durov (the founder of Telegram) in France .
What is the DOGS!?
Dogs Community is a vibrant, community-driven initiative built on the TON Blockchain, designed to leverage Telegram's vast user base and native meme culture. Centered around a beloved dog mascot originally created by Telegram's founder, the project aims to introduce millions to blockchain technology through tokenized stickers, fostering a fun and engaging ecosystem with a focus on community ownership and fair rewards distribution.
Due to the fact that the DOGS token has been listed for less than 3 days , there are few candles visible in the chart, but I will try to show you the support and resistance zones and if you intend to buy or sell the DOGS token You can decide better.
DOGS is currently moving near the Support zone($0.00135-$0.00128) and Support line .
According to Elliott's wave theory , the DOGS token seems to be completing the main wave 4 .
I expect DOGS to go UP to $0.00165 at least.
Note: The increase or decrease of the DOGS token can be directly related to Pavel Durov's court case.
Note: If DOGS goes below the Support zone($0.00135-$0.00128), we should expect further corrections to this token.
Do you have the DOGS token or not❗️❓ Did you sell it or do you want to keep it❗️❓
DOGS Analyze (DOGSUSDT), 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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First try on DOGSUSDT / Long Setup SettingBINANCE:DOGSUSDT
BINANCE:DOGSUSDT
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.001276
0.001302
0.001311
0.001324
0.001344
0.001360
0.001378
🔴SL:
0.00118
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
First Try on DOGSUSDT / Long Setup SettingBINANCE:DOGSUSDT
GATEIO:DOGSUSDT
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.001276
0.001302
0.001315
0.001326
0.001340
0.001360
0.001375
0.001385
🔴SL:
On the Chart
🧐The Alternate scenario:
If the price stabilizes above the trigger zone, the setup will be cancelled.
DOGS Continues to Surge & Enters the Top 10 Memecoins – what's nDogs, the newly launched memecoin on the TON blockchain, has gained huge popularity after its launch in July. The token mainly targets Telegram users and hence, when the founder was arrested, it was expected to harm the market participants. Moreover, soon after the arrest, the Toncoin (TON) price dropped by 20%, which strengthened the speculations of the DOGS price losing the bullish momentum. However, with the latest update on the CEO of Telegram, Pavel Durov, DOGS price has revived with a decent ascending trend.
The hourly chart of DOGS suggests there is still more room for the bulls to thrive as the technicals remain in their favour regardless of the interim bearish actions. The stochRSI is about to surpass the upper threshold while the MACD displays a drop in the selling pressure. Therefore, with the inception of a fresh buying volume, the DOGS price is expected to rise above the average zone of the rising parallel channel. With this, the price is likely to rise by over 12% and test the upper resistance of the channel above $0.0017.
Here, the bulls are expected to demonstrate significant strength, which may help the new memecoin breach the levels. However, the bearish interference may hinder the progress of the rally but it may remain for a short while as a rise beyond $0.02 appears to be imminent in the first few days of September 2024.
DOGS Analysis - What Shall we Expect !!!BINANCE:DOGSUSDT
As you can see, after the wedge breaks, the price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Dogs / Usdt BINANCE:DOGSUSDT
Here's a summary of the key price levels and potential movements for the asset "Dogs" based on your information:
### Current Price and Analysis:
- **Current Price:** $0.0014390
- **Support Zone:** $0.001344
- **Resistance Level:** $0.0015543
- **Next Support Level (if breached):** $0.0011434
### Key Points:
1. **Support Zone Analysis:**
- **Current Price vs. Support:** The price has bounced from the $0.001344 support level. If the price holds above this support, it suggests that buying interest is strong and the price could potentially rise.
2. **Resistance Level:**
- **Next Resistance:** $0.0015543. If the price moves up from the support level and reaches this resistance, it might face selling pressure. Watch this level for potential signs of reversal or continuation.
3. **If Support Fails:**
- **Next Support Level:** $0.0011434. If the price falls below the current support level of $0.001344, the next significant support to watch is at $0.0011434. This level could provide another chance for the price to stabilize or reverse direction.
### Summary:
- **If the price holds above $0.001344:** Look for potential upward movement towards the resistance level at $0.0015543.
- **If the price falls below $0.001344:** Monitor the next support level at $0.0011434 for possible stabilization or further declines.
Disclaimer : I am not Financial Adviser
DOGS memecoin plummets by 23.77%: what's next?DOGS memecoin made a strong entry into the crypto market after a long-anticipated listings on Binance (BNB) and WhiteBIT (WBT) on the 26th of August 2024.
The launch became a social buzz, especially as the launch timing coincided with International Dog Day.
With this favorability, the memecoin was well-positioned to create a strong user base. However, the market did not respond as expected, as prices have expressed a sharp decline.
The listings were anticipated to boost trading activity, and demand, and drive prices up through buying pressure.
However, at press time, the Ton-based meme coin was trading at $0.00122 after a 19.80% decline over the past 24 hours.
Since its launch, DOGS declined by 23.77%. This marked a strong downward trajectory against market predictions. Before the official launch, the memecoin was predicted to surge to $0.002.
Thus, a decline to $0.00129 has left the market worried over future prospects.
Usually, memecoins surge immediately after launch, thus, this launch defied the most common market trend. This showed investor’s lack of confidence in the memecoin’s potential.
Also, according to Coinglass, DOGS has experienced $6.92 million in total liquidation since the launch. Long position liquidation has hit $3.55 million, while short position liquidation hit $3.37 million.
Such high levels of liquidation for short and longs show investors’ lack of confidence, fear, and market uncertainty, which is a bearish market sentiment.
If the current market condition holds, DOGS may plummet further to a pre-listing value of around $0.0005416. But a reversal will drive the meme-coin to its significant resistance level of $0.0018.
However, as the memecoin sets foot, all eyes are set to determine how it navigates the market.