DOGEEUR trade ideas
Dogecoin - Ending diagonal triangleAn ascending diagonal triangle is a bearish sign and is usually followed by a sharp drop in prices, at least to the level where the triangle started. Fifth wave lengthening, truncated fifth wave, final diagonal triangle - all these patterns contain the same fact: an upcoming impressive change of direction. The sign of the overlap of waves 1 and 4 and the convergence of the wedge-shaped forming lines remain the same as in the final triangle. However, the subdivision into waves is different, drawing a 5-3-5-5-3-5 pattern.
The bottom for the pattern of in the short term figure is 0.082 EUR or 0,088 USD.
Good luck in your trading and have a massive profit.
DOGECOIN broke a triangular formationDoge coin was trading inside a triangle since early summer and yesterday made its move upwards.
If prices doesn't come back making a daily close inside the triangle and continues upward, then the projected target is the area between 0.45 - 0.46.
Of cource, to get there first it has to clear out some strong resistance between 0.337 and 0.3660.
DOGE USDhe price of Dogecoin jumped by 20% in minutes after another pro-tweet from Tesla’s CEO – Elon Musk.
The billionaire posted a rather intriguing tweet that included a one-dollar bill and DOGE.
In his latest pro-DOGE initiative on social media, Musk posted a picture with a text reading “cybervoting.”
In the background, though, there’s a slightly blurred one-dollar bill.
What’s more interesting in this particular case is Musk’s question above: “How much is that Doge in the window?”The CEO of Tesla and SpaceX has been openly supportive of the Shiba Inu-inspired coin for a while. Being such an influential person with millions of followers, his words reached other celebrities, and the snowball effect started.
The mania reached retail investors, and some DOGE fans started a campaign “DOGE to $1.” With Musk’s words from today, it seems that he has joined that trend as well.
As it happened with previous interactions from the billionaire, Dogecoin’s price reacted immediately. It traded at $0.36 following the most recent market crash but spiked by about 20% to an intraday high of $0.42.
It’s worth noting that Dogecoin came around $0.25 away from reaching its target of $1 less than two weeks ago. At that point, DOGE even became the fourth-largest crypto by market cap and was close to overcoming BNB for the third spot.
Despite being down roughly 50% since the ATH in early May, DOGE is still well ahead year-to-date. The current price level of $0.4 means that Dogecoin has surged by over 6,500% since the start of 2021.
$DOGE Price prediction to $1The prediction to $1 USD.
The red label at the top shows USD $1, because the chart is in EUR.
Most people see and look at USD charts, so they will trade on that.
The prediction is based on previous bull run, with a range.
Sorry it's messy, but I tried to put in more info.
Price action won't be identical, and if you trade watch out.
Only noticed that the overlaid historic price goes to $1 USD.
And please for god price out before the top, don't wait for $1 USD.
DOGE/EUR Analysis The Doge returned to the ascending channel as planned. In fact, we can see similarities between the past explosion of April 2021 (green zone). The Doge exploded, was corrected and retested the highest point, then returned to the initial ascending channel to develop more slowly. On May 4, the Doge exploded a second time and made the same movement (small correction, retest of the highest point and fall towards the channel). If we follow the same dynamic, the Doge should reach the highest point in the ascending channel to eventually break the resistance of 0.55 and explode again.
The following analysis is a personal idea of the Doge/Euro graphic. This idea needs to be completed by your own expectations and cannot be a reason to take any future position.
Good luck for your investment!