DOGE - Brief Warning
Please refer to our previous post. After calling the rising wedge pattern DOGE did breakdown. Now price has rebounded and we are currently testing our green line again.
However, at the current point in time we cannot confirm that that liquidation hunt was the bottom. There are a few warning signs that have developed that are crucial to watch over the next few days.
I hate to be the bearer of potential bad news, but the data could suggest one more major move down. Here's why:
-12H RSI under median: If strength gets rejected here it would be old support acting as new resistance
-Price action below Rising Wedge pattern: This price action retest could also represent old support being flipped into new resistance to complete the move to the downside.
-Price trading below 21D MA: Could also be an example of old support being flipped into new resistance
All of these bearish signals can be negated if we see closes above that levels in the next 24-48 hours, but for now be very cautious of these things.
DOGEBTCB_353D32.USD trade ideas
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Dogecoin analysis. This idea provide more details about my 5.8 prediction. If see the pump before going to ATH was the level that hold as support for the next bear market. My speculation is that this next pump before the one taking us to topping prices would be around 1 dollar since this a significant level for doge. This 1 dollar level might be set the floor for the next bear market. And by knowing the floor and using fib levels that suggest next bottom would be around the 0.382 level I ended up finding the 5.8 level as my target top.
DOGE - Only Other Coin I own - Give Me a Reason?So someone asked about DOGE and ironically it is the only other coin I own right now other than Bitcoin.
I like DOGE for one reason, and one reason only. Elon Musk has supported DOGE so I give it a slim possibility of making it to the next level.
As for other alts, NOPE!!! Eventually zero is the answer, at least for most.
Technically DOGE has broken out of resistance and is consolidating nicely. I posted a long at 16-17 cents and that is doing nicely here and with the current consolidation there is no reason not to stay long.
Major support is found at 20 but as long as we remain above 35. Let us take a look at the larger picture.
If I have said it once, I have said it a thousand times, history repeats which is why we see the same patterns over and over in the markets. Of course I have also said "history repeats until it doesn't" also but let's not focus on that.
Had a long broad consolidation between rallies and it appears we are getting the same sort of setup. I believe once we take out the high we make a strong move higher and we are getting closer than most think.
You want to be positioned before the move here and this is the reason I will probably be adding to that position in the near term.
This is a coin I still think has potential for a 10 bagger. I do not think $4.00 is out of range for DOGE which is why I am buying more.
IMHO I believe this is going to be the last hurray for alt coins and there will be few survivors. Bitcoin and likely a couple others but this will play out in the charts.
There is absolutely no reason to own 100 alt coins, none!!! If so give me a reason?
Target with DOGE $4.00 and I don't need another home ;)
DOGE - E subwave in actionIn a barrier triangles waves B & D end at essentially the same level.
There is probability E wave will exit. Exiting beyond trend boundaries is possible, but is not a strict rule. As you see on the chart the limit for the triangle correction is 0.305, if it exits, it may reverse at 0.36.
When wave 5 follows a triangle, it is typically either a brief, rapid movements or an exceptionally long extension.
According to projection by 1-subwave of the rally, the final actionary wave may reach 0,77 USD. Most likely, the 5th wave will cover at least the longest part of the triangle, which is the area of 0.53
#DOGECOIN
DOGE - Rising Wedge LikelyPrevious post:
After we have had more time to develop structure the market is leaning towards this being a rising wedge pattern. We are also seeing the daily RSI get rejected at the 70 which is exactly what we were watching for in the last post.
If price comes down from here we will see if buyers can hold our lower green line again. If we lose that level, price is likely to fall in the black box.
DOGE - SHORT TERM $0.75 or $0.38 - CryptoManiac101DOGE / USD
Doge is currently in the upward accumulation pattern and even on a shorter time frame we see that it is nearing a possible breakout point within the coming hours, and it is in the position where it will either break it or make our December.
Short Term Targets Upon Upward Breakout
3 Days - $0.52
7 Days - $0.75
3 Weeks - $1.12
Let's see what happens
This is solely for entertainment purposes only and is not financial advice.
DOGE Short Term Short, Long Term LongRejected with a double top. If it breaks down out of this flag we could see some correction in the next day or two. Price targets are circled, personally i'd take 35%, 30%, 20$, 10%, 5%. Stop above the VWAP ~.465. Not Financial Advice!! Make your own decisions and do your own research!! I will not be taking this trade since I don't like shorting crypto with its sporadic movements.
DOGEUSD Hits Target at $0.4800 – Perfect Execution!The idea I shared earlier played out perfectly as DOGEUSD broke resistance and hit the target at $0.4800.
🔑 Key Highlights:
Price action followed the bullish breakout above the critical level.
Strong momentum and volume pushed the price straight to the target.
Risk management with a stop-loss at $0.4549 ensured a safe trade setup.
Thanks to everyone who followed along! 🚀📈 Let’s look for the next opportunity!
#DOGEUSD #Crypto #TradingView #TechnicalAnalysis CRYPTOCAP:DOGE
False Breakout for DOGE?Dogecoin (DOGE) has reversed back into its neutral wedge pattern over the past 24 hours, raising questions about the validity of the recent breakout attempt. While yesterday's move above the wedge resistance appeared to signal bullish momentum, the price's inability to sustain higher levels indicates a potential false breakout.
Updated Technical Analysis:
Neutral Wedge Formation: DOGE remains within the confines of a neutral wedge pattern, characterized by converging support and resistance levels. This pattern often signals a period of consolidation before a decisive move in either direction.
False Breakout Indicators: Yesterday's breakout above the wedge resistance, while initially promising, lacked the follow-through momentum required for a sustained bullish trend. Factors contributing to this include:
Insufficient volume to confirm the breakout.
A rapid reversal back into the wedge, indicating selling pressure near resistance levels.
Critical Resistance Levels: DOGE needs to decisively close above the wedge resistance, currently around 46 cents, with strong volume to confirm a bullish continuation.
Key Support Levels: The wedge's lower trendline, currently around 40 cents serves as a critical support zone. A breach below this level could signal a bearish breakdown.
Immediate Outlook:
DOGE has approximately 9 hours to make another attempt at breaking above the wedge resistance before daily candle closes, and it risks losing bullish momentum. Failing this, the price could move deeper into the wedge, prolonging the consolidation phase or even breaking to the downside.
$DOGE updateCRYPTOCAP:DOGE corrected just a little deeper than I expected. Furthermore, the pattern is still intact. With Bitcoin's bounce, Doge simply found its path upward. For now, let's break the previous high and we are heading towards our first target at around 50 cents.
Have a nice weekend!
Be kind to each other and the world.
Doge can reach $.75 if it breaks upwards from ascending bullflagUsually an ascending channel like the one that is part of the bullflag on dogecoin’s 1 day chart beaks to the downside, except inside a parabolic phase of the bull market cycle. In the parabolic phase of a bull market cycle you can see several back to back rising wedges and ascending channels break to the upside so since we are really only 1-2 daily chart pattern breakouts into this current parabolic phase for the alt coin market, I think probability favors this ascending channel breaking upwards. If it does we also have the benefit of it being not only a channel but a bullflag as well and the target for such a breakout is around 75 cents. Furthermore if you flip to the weekly channel you would see that there is potential for the pole to be even longer than shown here on the daily timeframe, so I wouldn't be surprised if doge were able to overshoot the 75 cent target even. I noticed that the channel had valid trendlines on both the wicks and the candle bodies on both the bottom and top thats why the trendlines are doubled up, *not financial advice*
$DOGE for the retest and first targetAs indicated earlier, we have tested the previous height and we are now going to test the peanut again to break the previous height.
I expect the first target to also be around 50 cents. Possibly slightly higher due to extend fib to 1,618 and then we see 52 cents.
After completion, correction to previous high before we gain momentum to test the ATH.
Have a nice weekend!
Be kind to the world and each other
$DOGE RETRACING TO FIB DEMAND ZONE BEFORE BULL CONTINUATION Hope this can help you guys add on to your own analysis.
Remember this is not Investment advice just insights into my own perspective of this company's future price direction.
Remember follow the big money to make big money.
peace and love!
DOGE - Only ConcernPrevious post:
I still believe DOGE is in a bullflag and is preparing for an explosive breakout as stated in my previous posts. Even today's daily close was the first daily candle that closed above our bullflag pattern. Most likely this plays out and price breaks much higher.
I just want to make this post in case we see continued stalling around these highs. If price does continue to stall and fails to break higher then most likely we are in a rising wedge pattern opposed to a bullflag. Rising wedges are generally bearish patterns that break to the downside.
The momentum is still to the upside which is why this scenario is less likely, but I did want to put it on the radar as a potential scenario. You can clearly see the structure does currently mimic a rising wedge and noone is talking about it.
But I believe there is one primary indicator that will expose if this is a rising wedge or if this is a bull flag over the next 24-478 hours. That indicator is our daily RSI.
Right now the daily RSI is EXACTLY at the 70 (overbought conditions). If we see the RSI start closing above the 70 RSI in then next 24-48 hours then price will breakout and the bullflag will send price much higher. If we see the RSI start closing below the 70 RSI in the next 24-48 hours then price will most likely breakdown and this rising wedge could be in play.
Just wanted to lay out both scenarios so we can be most prepared for what happens over the next 24-48 hours. Either way a massive move is coming!