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DOGEBEAR2021USD trade ideas

Dogecoin (DOGEUSD) Technical Analysis - May 2024Dogecoin has seen a significant rally in recent trading sessions, with the price pushing upwards by 9.55% on the latest trading day, reflecting heightened market optimism. The volume has also seen an uptick, indicating strong buyer interest. Dogecoin's price has recently surged, breaking above several key resistance levels. The formation of a bullish engulfing candlestick pattern on the daily chart suggests a potential reversal from the recent downtrend. Furthermore, the price has breached the downward trendline, which has acted as resistance since March 2024. This breakout is a bullish signal, indicating potential further gains. The short-term exponential moving averages (EMAs), including the 10-day (0.14629) and 20-day (0.15176) EMAs, are showing a buy signal, suggesting that the momentum in the price is building in the short term. Notably, the price is currently testing the 50-day EMA (0.15543), a breach of which could confirm a strong bullish trend in the medium term. RSI (Relative Strength Index): The 14-day RSI is currently at 53.06, moving above the neutral 50 level, indicating that the momentum is turning positive. Stochastic RSI: This indicator has recently entered the overbought territory, suggesting caution as the market could see a short-term pullback or consolidation. MACD (Moving Average Convergence Divergence): The MACD line is slightly below zero but showing a buy as the MACD line is poised to cross above the signal line, indicating increasing bullish momentum. 4. Ichimoku Cloud: The price is currently testing the lower boundary of the Ichimoku cloud. A decisive close above the cloud would be a strong buy signal, indicating a potential change in the overall trend from bearish to bullish. Given the current setup, I forecast that Dogecoin could potentially reach the next significant resistance level at $0.18 in the coming weeks. If the momentum continues and the market sentiment remains positive, further gains towards $0.195 (R1 pivot point) and possibly $0.217 (R2 pivot point) are plausible by mid to late May 2024. Entry Point: A solid entry would be upon a confirmed daily close above the 50-day EMA at approximately $0.155. Stop Loss: Place a stop loss slightly below the recent swing low at $0.150 to limit downside risk. Take Profit: Initial take profit at $0.18, with the possibility of letting part of the position run towards $0.195. Entry Point: Should the price fail to sustain above the 50-day EMA and fall back below the trendline, entering a short position could be considered. Stop Loss: Set the stop loss just above the high of the breakout candle at around $0.162. Take Profit: Target the $0.13 level, which previously acted as both support and resistance. The current market indicators for Dogecoin are leaning towards a bullish scenario, supported by both price action and technical indicators. Traders should watch for a stable close above the key EMAs and the Ichimoku cloud to confirm the bullish trend. Keep an eye on volume and oscillator indicators to gauge the strength of the movement and adjust strategies accordingly. Always manage risk effectively by using appropriate stop-loss measures.
COINBASE:DOGEUSD
by AxiomEx
Dogecoin Eyes Support, Can Bulls Regroup?Dogecoin (DOGE) has been under pressure recently, but a technical indicator suggests it may have found short-term support. On a 4-hour timeframe , DOGE found potential support at $0.1423 . This could be a sign that buyers are stepping in and could indicate a potential bounce in the near future. However, there's still resistance ahead for DOGE at $0.1532 . If bulls can't overcome this hurdle, the recent downward trend could continue. The key question for traders is whether the support at $0.1423 will hold on shorter timeframes. A break below this level could signal further weakness for DOGE. DYOR before step in.
BINANCE:DOGEUSDLong
by Z4F4R
4
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.
BINANCE:DOGEUSDShort
by trading_jupiter
21
Doge TodayHello, This is the daily look at the daily candle on the coin we all love! Now... here is a great example of a potential bullish fractal propagation.... the 2 white down arrows are projections of each other. The white broad trace shows what this sort of expanding fractal propagation can do. exponential growth. I also see some signature moves, and wave counts, that would locate us at other points in the fractal vortex. the white up arrow is a favorite. we have also been tacking the turquoise bearish trace nicely for a while now... doesn't mean it continues, but good to know it is a relevant projecting pattern or force. Im here for the prophecy... the mass migration from BTC to DOGE as everyone realizes that it's not going up any more for the halving. Buy the rumor, sell the news. So, that would make this first level argument a significant impulse move... which will be really cool to propagate. all currency and capitalism is just a sick game any how... that game is collapsing due to inflation. our dollars are diluting by the trillions of aid money printed out of thin air. my grandfather lived in Brazil during hyper inflation. he bought ceramic tiles with every paycheck, because that money wouldn't cover groceries the next week. So... BTC is now coupled to teh corrupt matrix of us capitalism and military industrial complex with he black rock etf... so now its doomed too! When Rome falls, only love survives the battle between fear and greed. Let's go DOGE!
CRYPTO:DOGEUSDLong
by DHLawrence
3
Dogecoin (DOGUSD) video ideaEASYMARKETS:DOGUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:DOGUSD
by easyMarkets
1
DOGEUSD | ABC Wave Cup Pattern - Target Projection +120%A potential ABC - Cup pattern formation scenario TFW - current multiple falsebreak below 161.8% extension - a sideway / sideway down movement implication > RSI convergence signal supporting wave 3 status > Projecting wave 4 at rounding cup support level, possible 20 week moving average and 100% fibonacci support zone. > Targeting wave 5 at 361.8% fibonacci extension of A wave at the key liquidity resistance level + 120% profit. Always trade with affordable risk and respect your stoploss Goodluck
COINBASE:DOGEUSDLong
by dukeposh
1
DOGE - Higher lows, and off we go!Hello! Consistent higher lows over the past 4 days.. that feels bullish! Looking for a retest of resistance around $.20…. And then the fun starts! Let’s go DOGE! Oh… dont mind BTC going over the edge of a cliff on the bottom right…. That should result in a massive move over to the coin of LOVE (doge) as everyone realizes the “buy the rumor, sell the news” applies to BTC halving, and the Blackrock ETF news… So im ready for a massive correction in BTC, an the prophecy says that will yield a tidal wave of crypto traders moving to DOGE.
GEMINI:DOGEUSDLong
by DHLawrence
7