DOGEUSD.P trade ideas
Dogecoin - Facts & targets analysisWe see following facts:
1) Facts for go down:
The probability that we will go down is higher than vice-versa. You can see this on 2W time frame;
According to Elliot waves principle the Triangle appears in the wave 4 position, more frequently than vice-versa. Moreover the target of this triangle formation is already reached;
DXY is rising, there are prerequisites for continuation of this movement;
2) Facts indicating go up probability:
Every time when Dogecoin SMA 280 & 938 crossed each other we have seen pump! The first pump was in 2016 Aug +9000%. The second pump was in 2020 Nov +27000%.
In case of confirmation of the crossing we could expect growth comparable to the first pump. In case of go down the bottom is around 0.008;
I personally do not care which scenario will work out, because ready for both scenarios, by managing orders volume & risk/profit ratio.
Hope you too. Good luck everybody and have massive profit.
$DOGE: 🚨 Bull Run Imminent, Up Up and Away! Hi everyone,
Hope your weekend was awesome! DOGE just took off after surpassing the monthly indicator, hitting $0.22. Now, it's all eyes on the weekly, which is about to cross the monthly. We're eyeing a climb to $0.29 first. The daily is acting as support and solidifying the trend. As always, NFA!
Wishing you all the best!
Unleash the DOGETechnicals: CRYPTOCAP:DOGE has broke through a Major Support of $16 and looking to fetch higher towards all time highs
The Dogecoin community remains active and engaged, with numerous developments and initiatives that could potentially drive the coin's value higher.
For example, there have been discussions about the potential implementation of Dogecoin payments on X (twitter), a social media platform owned by Elon Musk. Such developments could increase the utility and adoption of Dogecoin, leading to a surge in its price.
DOGERun the stops of the remaining plebs
The prophecy of a .420 for 4/20 shall be fulfilled
Let's get this bread!
DOGEUSD Dogecoin pulling back to add LONGDogecoin on the 60 minute chart has been in a good trend up for more than 36 hours. Moving
averages have been diverging but price is now falling in a pullback to the SMA21 and EMA21
while the EMA 50 continues to trend higher. The relative strength look back is solid green.
I see this as an excellent point to add to Dogecoin with the risk being the market cap leader
Bitcoin loses momentum and takes Dogecoin and others sideways or down.
$DOGE All Time Highs Incomingnow that we flipped $0.15, it's really just air above.
there isn't much stopping us from hitting new all time highs this year imo.
the only resistance left is around $0.45 but even that will be temporary.
$1+ is simply programmed into the fabric of the universe.
DOGE | TIME FOR A RALLY? | LONGDogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
Doge Bull Run ProjectionsAs alt coins gear up for the next market cycle Doge coin has seen alot of hype over the potential use case with twitter.
The chart is the ultimate culmination of all buying, selling and the cycling there of. Twitter or no twitter Doge along with many other alts are leveling off and exposing their momentum.
Applying current cycle price action to average market cycles produced by similar action we can begin to make some possible projections.
This chart is a weekly line chart showing the current rate of progression matched up with the past outcome of similar action.
Dogecoin (DOGE/USD) Technical AnalysisFormation: The DOGE/USD pair has formed a rising wedge pattern on the daily chart, indicating a consolidation with an upward bias.
Ichimoku Cloud: The price action remains above the Ichimoku cloud, signaling a bullish presence. The Tenkan-sen (turning line) has sustained above the Kijun-sen (standard line), maintaining a bullish crossover.
Fibonacci Retracement: The retracement levels anchor at recent swing high and low points. The currency has tested and rebounded from the 38.2% retracement level at approximately $0.17337, suggesting a possible support level.
Moving Averages: Price candles continue to trade above the critical 9-day and 26-day Exponential Moving Averages (EMAs), which act as dynamic support levels. The bullish crossover of these EMAs signifies a positive trend.
Volume: Recent volume bars show a decline during the consolidation phase, which may indicate a lack of commitment from either bulls or bears, hinting at potential volatility ahead.
Relative Strength Index (RSI): The RSI is hovering around the 60 level, suggesting a strong momentum without immediate overbought conditions.
Support and Resistance Levels: Immediate resistance is seen near the upper trend line of the wedge, while support levels align with Fibonacci retracement markers and the 50-day EMA.
Market Sentiment and Outlook:
The market structure for Dogecoin against the USD suggests a cautious bullish outlook as the price navigates within the confines of a rising wedge. Traders should be vigilant for a potential breakout or breakdown from this pattern. The confluence of technical indicators leans towards an optimistic sentiment, but the diminishing volume warns of reduced conviction and the possibility of a trend reversal.
Given the current position above the Ichimoku cloud and EMAs, alongside the RSI not signaling overextension, the immediate trajectory favors the bulls. However, a close watch on the volume and any bearish divergence on the RSI could foreshadow a change in the tide.
Trade Strategy:
Bullish Scenario: A decisive close above the wedge may accelerate gains, with targets at the next Fibonacci extension levels.
Bearish Scenario: Should price break below the wedge and the cloud support, a reevaluation of bullish commitments would be necessitated, with potential short opportunities down to the next significant support levels.
Risk Management:
Traders are advised to employ rigorous risk management protocols, setting stop-loss orders below the rising wedge's lower trendline or the most immediate support level to mitigate potential downside risks.
As always, this analysis should be incorporated into a comprehensive trading plan that considers broader market conditions, news, and fundamental analysis. Monitor for any shifts in market sentiment or macroeconomic factors that could impact volatility and price action.
Conclusion:
Dogecoin’s technical posture offers a cautiously optimistic outlook for the near term, backed by a series of bullish technical indicators. Nevertheless, traders should remain agile, responding to price action cues and volume changes, as the dynamics within the confines of the rising wedge pattern unfold.
Doge COINBASE:DOGEUSD I got som new update for doge I’m looking at last box that will head back after that but let’s see if this box can hold
fib retracement dog coin/usd bearish trendbearish trend dog coin /usd with fib retracement
entry- 0.1748
tp1 -0.1612
tp2 -0.1476
stop loss -0.1884
CHART 3 OF 5: Dodge/USDT Bearish grind continues after recent highs DodgeUSDT the trend is reversed and no immidiate support in sight.
DOGE/USD UPDATE: Navigating Entries and Downward TrendWelcome back, gang!! It's time for a quick update on our DOGE/USD trading analysis. Buckle up as we delve deeper into the daily and 4-hour timeframes, uncovering major structural zones and trends that are shaping our next moves.
Upon closer inspection, we've identified key structural zones and downtrends, aligning them with Fibonacci levels from the previous leg. Zooming in on the daily chart, we see price touching the 50% mark or the $0.17 level. However, here's the kicker – we're currently below the daily structure and fib level, indicating a continuation of downward pressure. The 4-hour timeframe confirms this with lower lows and highs, solidifying the downward trend.
Now, here's the game plan: We need to keep a close eye on price action for the next 1-3 days to determine whether the current level will serve as a loading zone or if we'll break support of the monthly structure, ushering in further downward momentum towards our previous entry zone as mentioned in the previous analysis.
Patience is key, my friends. For those brave souls willing to risk it all, you might consider implementing a martingale trading system. But remember, it's not for the faint of heart. On the flip side, dollar-cost averaging (DCA) remains a rock-solid strategy, especially for those who fear missing out on potential rallies from here. However, if you're not feeling it, there's no shame in sitting this one out – missing an opportunity is always better than suffering losses (especially if you're trading versus investing).
So, gear up, stay vigilant, and may the trading gods be ever in your favor!
Keywords: DOGE/USD, trading analysis update, structural zones, downward trends, Fibonacci levels, daily timeframe, 4-hour timeframe, loading zones, support levels, trading strategies, martingale system, dollar-cost averaging, risk management, trading versus investing.
Dogecoin on weekly and hourly charts💥Hello, guys! ☺️Today let's take a look at two timeframes of Dogecoin: the weekly and hourly. We'll try to determine the price movement in the short-term, medium-term, and long-term perspectives!💪
🐕Dogecoin is a coin that evokes mixed emotions: some adore it, some hate it. Some have become very wealthy because of it (like Elon Musk, for example, haha😄), while others have lost a significant amount of their wealth (Hi, Elon🤨).
The most important thing is not to succumb to the hype and not to buy the coin, when it is clearly overbought .
Let's take a look at the weekly Dogecoin chart. What can we see there?
✔️Adding the RSI indicator to the chart, we can clearly see, that the coin is overbought , which is not the best signal for buying. It needs some rest. 😌
🟣 My advice : place several buy orders in the range of 0.097 - 0.139 and don't rush. Just observe. That's for the long term perspective !
Now, let's look at the hourly chart and see what awaits us in the short-term and medium-term perspectives for Dogecoin.
What do we see here? 🧐A channel has formed (since the end of February). And the price is confidently moving within this channel. It can be assumed, that in the near future, we may see the Doge price at the support of this channel at approximately the 0.16 mark.
Friends, how do you feel about Doge? Love it or hate it? Let's discuss in the comments!
Thanks for Your attention🫶
Always sincerely yours, Kateryna💙💛
DogecoinDogecoin 90% perfect match down at .16 today at night good look everyone on your new buying.
DOGE 2hr - SHORT EMADoge following downward trend As EMA 10 crossed 20 and in path to break EMA 50 soon.
Next buying positions could be $0.1635 then a bounce back to $0.175. Then the final downtrend will be seen all the way down to $0.1535.
At $0.1535, we need to see how bulls react. If support breaks, we would see $0.137 as a new low in this cycle if the uptrend wants to continue.
Samthaysss!
DOGE 2hr - SHORTEMA 10 already broke EMA 200 in 2hr time frame. Once EMA 20 and 50 crosses EMA 200, same price action could be followed similar to previous break down to $0.12 - $0.13 on March 19.
Lower Low could be around $0.151 to $0.1545.
Samthaysss!
DogeCoin Bullish AprilDogeCoin Bullish April
Current price: $0.18
Marketcap: 2.2 billion
Rank 8 on coinmarketcap
Falling wedge with potential to rise above $0.22
Stoch Rsi = Bullish
Rsi = Neutral > Bullish
Macd = Neutral > Bullish
DOGE 1D - SHORT1D DOGE Chart shows that a rising wedge pattern could be seen in days at $0.151. If price breaks below resistance line we might touch $0.125 - $0.132, where bulls start running!
More potential scenario would be that the price react to 50 EMA at $0.151, and upward trend starts!
Samthaysss!
