DOGEBULLUSD trade ideas
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.
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.
DOGECOIN TO CONSOLIDATE UNTIL AUGUST 2024?Expecting Dogecoin to consolidate in the $0.14 - $0.11 price range on the weekly chart...
until we get 2 things which will most likely take place in the next 16 weeks between today & August 19
1) Stochastic RSI crosses UP on the weekly
2) 50 / 200 Week MA confirms a GOLDEN CROSS
Soon as those 2 happen...
Moon
DOGE 4-5 SetupDOGE reached its peak in wave 3 in May 2021 and likely hit the bottom of wave 4 in June 2022. However, due to the ongoing corrective downtrend, a reset in wave 4 might occur. The overall expectation is for an upcoming upward movement in wave 5. It is recommended to gradually enter positions at support levels and exit at resistance areas.
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!
Dogecoin (DOGUSD) video ideaEASYMARKETS:DOGUSD
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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
#DOGE/USDT Dogecoin is currently trading within a symmetrical t#DOGE/USDT
Dogecoin is currently trading within a symmetrical triangle pattern💁♂️
Closely monitor the price action near the dashed resistance for buy entries🔍
In the event of a breakout above the triangle, upside targets are $0.225 and $0.290🎯
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.
DOGE wedge update - 2nd breakout of this bull cycle Looking at a downtrend reversal break out of our nested falling wedge pattern. Added strength coming from our higher time framed wedge completing a 3 wave correction of our 03/20-03/29 rally. 10,20 over 50 EMA should push up past our first neckline resistance @.1582 sitting at our .382 retrace. Reaching up at our 200 EMA, in a successful price crossover we're looking at .1744 sitting at our our 2nd neckline resistance at our .618 retrace. Sideways pressure marked around .1663 . Volume spikes will be significant here.
Doge Historical growthDoge has had near clinical growth since its release. if it stays true to form then next targets shown.
If doge gets added utility prices could be insane.
Money tends to flow back to trusted projects once everyone is sick of the rugs and scam coins.
Similar growth pattern seems to appear on XLM & XRP also, so could be worth watching
Yes i know my charts a mess :)