DOGEUSD.P trade ideas
crypto rotation, maximizing gains.if history repeats, we can easily double our money in a short amount of time
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.
DOGEIt's not about how many times you get stopped out (or liquidated), it's about how many times you LONG AGAIN
DOGE USDTDOGE USDT Is moving sideways. taking trade on either break of support 2 or break of resistance 2 in which one order will cancel other.
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!
Is it Time to buy #Dogecoin ?👀 Is it Time to buy #Dogecoin ?👀
Mapped out potential key target areas and pointed both upside and downside price targets.
Boost!
👇
DOGE continued downslidepotential head and shoulders top on the daily. we'll keep an eye to see if this gets invalidated. if it is validated, the potential downside is $0.08 area
not trading advice
tg
DOGE dogecoinLooks like we are coming down from the first phase of a grand elliott wave scheme. Only showing this chart here, object lesson applies to many but not all.
Doge Going Down?
It seems that we have broken under a major diagonal support line.
50, 200 SMA is pointing down. We're currently under these SMAs.
Next major support is 0.1425 then 0.13
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.
Chart 1of5: DODGE/USDT PRIMED TO GO BULLISHThe Bullish divergence on RSI indicate that Dodge is about to go bullish and join BTC in uptrend.
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 :)
Adding on the next lowLooking for a lower low - the bounce off the low so far doesn't seem impulsive and I also want a better add price :) I'm expecting this to happen in and around end of April.
DOGE DAYUPDATE! It was bound to happen on 4/20 which is also considered to be #DogeDay so it is pumping hard rn. If you missed the boat, you missed it. Now we're looking stay above the $16 for the next leg up.
What is happening to Doge?Doge showing a knife don't get poked by the falling knife. Struggling to hold that $16-$15 range. Double top into a falling wedge back to retest at around .12 HAPPY BITCOIN HALVING!
(DOGE/USD) Precarious Equilibrium Awaiting Resolution.Traders seeking to chart the course of Dogecoin through its intricate price structure must be keenly aware of the delicate balance depicted on the daily charts. The marriage of Japanese candlestick analysis with the more subtle nuances of technical chart patterns paints a detailed canvas for speculation.
Candlestick Analysis:
The latest candlesticks reveal a phase of consolidation, with wicks on either end signifying a tug-of-war between buyers and sellers. The presence of small real bodies in recent sessions indicates a lack of conviction in the market, suggesting an equilibrium of sorts where neither bulls nor bears hold a decisive edge. This stalemate hints at the market's search for a catalyst to drive the next significant price movement.
Channel Patterns:
Dogecoin's price is ensconced within a descending channel, marked by two parallel lines connecting the highs and lows of the price action. This pattern traditionally conveys bearish sentiment; however, the price's current position near the channel's lower boundary could imply a potential support level. Traders will be closely monitoring for a bounce off this level as a sign of resilience or a break below as a confirmation of continued bearish trends.
Ichimoku Cloud Interplay:
The Ichimoku Cloud continues to cast a shadow of ambiguity. Price interactions within the cloud are generally indicative of a lack of trend strength and often signal consolidation. The recent price movement entering the cloud could be perceived as a potential change in momentum, but conviction is lacking until a clear directional breakout occurs.
EMA Cluster:
The congregation of the 20, 50, and 100-day EMAs adds another layer of complexity. Their proximity creates a zone of confluence that has become a critical pivot point for Dogecoin. The convergence of these EMAs will act as a litmus test for the strength of the prevailing trend, whether it be continuation or reversal.
Technical Indicators Sentiment:
The neutrality of the RSI and the tightening of the Stochastic Oscillator's lines suggest impending volatility. The MACD's hint at bearish pressure abating offers a counter-narrative to the channel pattern's bearish implications.
Volume Considerations:
Volume trends have yet to decisively back either side of the market, indicating that traders are waiting on the sidelines for confirmatory signals.
Speculative Price Outlook:
For bullish momentum to gain credibility, a decisive closing above the channel's upper boundary and the cloud would be essential, potentially targeting the $0.1762 level marked by the 50% Fibonacci retracement. Should bearish forces prevail, and Dogecoin breaks the channel support, a descent towards the $0.10981 or even lower to $0.0922 may be in the offing.
Conclusion:
In the grand chessboard of Dogecoin's market dynamics, it is the interplay of candlesticks, channel boundaries, and a congregation of moving averages that will dictate the forthcoming market narrative. As technical traders parse through this complex tableau, it remains paramount to align these technical signals with broader market sentiment and emerging news within the crypto space to forge a forward-looking strategy.
