Dogecoin fractalRough estimate on when dogecoin will end this accumulation phase and possibly make a run close to its all time highs... just a fractal nothing serious :)
DOGEBEAR2021USD trade ideas
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dogecoin.
Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs.
However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
DOGEWe've tested the lows of what has been a yearlong range. Shorts trapped from selling range lows may puke on an inability to break down beneath .06, which can quickly cause a short squeeze.
Also, I particularly like how we've swept, deviated beneath, and reclaimed as support the psychologically significant .06 level.
I believe a return to around yearly open, which is around the area where most of this year's volume has been, and also happens to be the mid of this yearlong range, is well within reason.
Smells like ded DOGE... did you forget to feed him? CRYPTO:DOGEUSD
Doge looks poised for more downside into 2024, inside the wedge before breaking upwards toward new ATH's. That is, unless Elon has plans to integrate DOGE payments, tips, etc. with X (formerly twitter). X has been filing for money exchange licenses in multiple states, so perhaps there's something BIG coming for crypto and X. Stay tuned. For now, watch the charts.
NOTE: Not trading or investment advice. Entertainment ONLY!
Will DOGE Price Crash To $0.050?Dogecoin has broken out of its consolidation range on the 4-hour chart.
The DOGE price has retested the broken range, indicating a potential post-reversal downfall.
The price has dropped by 60% since November 2022, indicating a strong bearish trend.
The daily chart shows a falling wedge pattern and a head and shoulder pattern with a fakeout at the $0.64 resistance.
Technical indicators: MACD shows a bearish crossover, and RSI is nearing the oversold boundary.
On the 4-hour chart, there's a significant possibility of a downtrend with a retest of the broken consolidation range.
Potential support at $0.053 before a bullish reversal.
DANGER for #DOGE2 pennies is definitely on the the cards as potential target ...
The bigger question COULD
#DOGECOIN collapse to levels WELL BELOW a PENNY
Log scale Head and Shoulders target 1/3rd of a penny
taking it back to price levels and congestion zone of the previous bear market
THIS could potentially be life changing opportunity if you could fill your doggy bags down there.
DOGECOIN: FLASHING POSSIBLE BULLISH DIVERGENCEDaily RSI has been gaining bullish strength however price has remained relatively dormant.
Could See a possibly short lived short term rally to $0.074 - $0.08 according to fib levels and trendlines
However do NOT expect any major moves to the upside until Q2 2024 with the Bitcoin halving
DOGE is going to IMPLODE!As the chart shows clearly there is a reversal triangle and the price is going to break this triangle very soon. Volume is also shrinking which is another evidence that the pattern is going to be completed soon. Get ready for some blood!
Will DOGE Price Crash To $0.050?DOGE price finds a significant support is found at the $0.060 level.
Recent sideways movement has resulted in multiple Doji candles in the 1-week chart.
Price action shows a long tail reversal in the falling wedge pattern.
Despite a $0.064 rally, the DOGE price couldn't break the 200 EMA in the 4-H chart, leading to a double top reversal.
Current trading is at $0.0639 with support from the 50 EMA in the 4-H chart.
MACD and RSI indicators are positive, suggesting a potential breakout.
A breakout above $0.064 could lead to a recovery to the $0.070 mark, a 9% increase.
A fall to $0.060 might lead to a more severe downtrend towards $0.050.
Will Dogecoin Breakout Of Ascending Triangle?Dogecoin on a 4hr chart is forming an ascending triangle pattern. Will it breakout soon? Expecting a decent move if it does.
Doge LongDoge sitting at a intermediate demand zone(somewhat short term) if price respects the lows then we may see a run up to close out the year with bullish momentum
DOGE: Low Demand at Trend SupportDogecoin didn't have much of a recovery after the latest sell-off. The automatic rally (AR) was unconvincing, on very low demand, and subsequent upthrust actions have resulted in failures to rally (FtR) with huge effort in volume not equaling any sizable result in the price action. This, plus the rising wedge-like structure of the candles and overall supply predominance all point to possible redistribution. These formations are typically the "B" correction in the ABC portion of the Elliot Wave after the final impulse wave (wave 5) tops out.
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DOGETo make it you simply have to market buy here and now (if you're not already underwater from 8 cents or higher).
Fractal is livingLook this chart and with BTC in 2018 before the break the support
Wahou. Nice fractal and pattern.
Same, same.
Happy day.
Doge Weekly ViewDoge's trajectory should shift downward to align with the weekly trend, which could potentially initiate a significant upward market movement. It's as if all the elements are orchestrated in anticipation of the forthcoming bullish market surge expected around 2024 or 2025.
DOGE LongDespite on GOLD pattern has been broke up 1900, possibility cryptos will too. BTC has been up pattern for now, I believe it too with the others relatively.
I Choose on DOGE, coz I see Elon face frequently for now. In line with their own not yet sold from the beginning they have it indeed
Dogecoin's long-term growth goalIn the monthly time form, we see jumps of 700% in the first peak and 38,000% in the second peak, which can cause a jump of 98,000% in the third peak in 2024.
DOGEI believe that our local bottom here is coinciding with the full moon approaching.
Then we run to the other side of the range and tag range highs above .08 by next new moon.
Triple Zigzag! Ready to Upside?Hello friends, I hope you are having a productive week.
I would like to share my ideas on the Elliott Wave Principle with you.
Please refer to the attached chart for more information. If you are interested, you can also check out my previous analysis.
I want to mention that my understanding of this principle is based on my personal experience and I am still learning, but I hope to provide better analysis in the future.
Thank you for your continued support and I look forward to our mutual success.
Best regards, Mr. Nobody.
Go up and never stop.
Will Dogecoin Ignite A Rally With $0.065 Breakout?Dogecoin hints at a double-bottom reversal; neckline pegged at $0.065.
Short-term resistance trendline put to the test.
DOGE eyes a target of $0.070 after potential reversal.
Recent 25% dip in 23 days pushes Dogecoin to a critical $0.060 support.
Last week's 20% plunge further challenges Dogecoin's resilience.
A bullish comeback seems imminent as Dogecoin finds solid ground.
Dogecoin's 1-week chart highlights a pronounced downtrend since Nov 2022.
Signs of recovery: Price rebounds above the crucial $0.060 level.
Overhead resistance trendline intertwined with 50-week EMA becomes the next hurdle.
Post-crash, Dogecoin steadies at $0.060, hinting at a market turnaround.
Double bottom on the 4H chart suggests imminent rally.
Breakout at $0.065 could boost the meme coin sector.
Immediate resistance expected at the 50-day EMA, before the $0.070 test.
Downside risk: A move below $0.060 targets supports at $0.056 and $0.053.
DOGE - pump 55% and then drop 85% to $0.0162.See the idea next to SHIBDOGE there is an interesting fractal there. In general there is a global distribution after a long position set. 1$ is not going to happen)
DOGE - Targets below 0.05
The gray descending trendline was broken, but in a bear flag formation, which was broken (green line).
The trendline is now service as support, and I still expect new lower lows for wave 5, targeting 0.0491 initially.
