DOGEUSD.P trade ideas
DOGE PREDICTIONCRYPTOCAP:DOGE My Longer term view.🚀
Colored #’s = Year type
1 Red = Bear Market
2 Yellow = Accumulation/Sideways
3 Orange = Small Ramp up
4 Green = Bull Market/Top
Colored boxes below indicate cycle type timeframe.
#DOGECOIN True Bull Market is next year IMO.
Note: Chart readjusted from most recent low put in, now acting as support level.
Not financial advice.
DOGE - Prepping for Bull MarketWe are also seeing DOGE paint the necessary signals in the chart to give investors confidence of a bull market on the higher timeframes.
Therefore we have the weekly chart (left) and the monthly chart (right).
On the weekly chart:
- Perfect test of the red 100 MA (Where the bottom was formed)
- A close above our blue 200 MA would flip that back into support.
- Welly RSI developing uptrend (white line/ green arrows)
On the monthly chart:
- Holding the 21 and 50 MA (purple/green MA)
- Monthly RSI trying to flip the median line into support
The median line is the 50 level which was old resistance for over a year (red arrows) and is currently trying to act as a new level of support (green arrows)
Of course, these are higher timeframe signals, so could take some time to go into full effect but looking good.
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Price action alternationEach time price went under the 2-year SMA, it reached at least -40%. Up to that point, price had never gone under the line by more than 60%.
At the same time, we have seen many more strong moves in the opposite direction.
According to the alternation norms, there is a higher probability that the price action could be rougher this time.
DOGUSDTCurrently on DOGUSDT price has just retested to the daily fair value gap closing above it indicating a strong level of support also price haven't retested the true year open which is a positive thing because it means that at the end of the year price will hve to be above that level. this means this support area that we are enetring at might be the actual reversal that will drive the DOGUSDT to $1
Another Look at DOGE - Pure Speculation based on HistoryThis is another chart purely based on historical price action and the chart looks pretty bloody good.
However ...... Between Kabosu's death (R.I.P) , the myriad of new meme coins being generated ( ..and rugged) and questions over any future utility that DOGE may have. Can it continue its pattern ???
Doge: When there is blood....,Setting up first trade since my previous count got invalidated and stop loss hit. Risk to reward is pretty good here. If things go as planned, there will be profit taking along the way. Looking for first leg to reach $0.15- $0.16 where I will take out half of original capital and look for a B wave for a reload. Let's see how it goes.
Heads up on DOGE lowest drop these days!I am looking at the lowest DOGE price these days and prevent liquidation for positions which trapped and there is no alarm on what might be the lowest price when most account discuss bullish scenarios! Following the previous market attitude, I guess the lowest dip we might have on DOGE price is about $0.10183 then RSI will recover from that point (Monthly and Weekly RSI still have some room downward.)
Please share your thoughts if you agree or disagree!
Dogecoin Reaction, 4-wave of minor degreeMy forecast from April 2 worked out perfectly. The targets are achieved.
I have not met a more accurate analysis on the Internet, everyone was wrong.
Now I am anticipating a reaction within the 4th wave of the lower degree.
Good luck and have a massive profit!
Doge: just got complicatedHappy Birthday USA. Market just took a dump and invalidated several of my EW counts. Doge breached the unbreachable area of $0.107. That will make it a lot more complicated to track the price action. At the moment, there is no trade. Elliot wave perspective, several alternative counts are active now. Need to wait and see which way the price will unfold.
1. Bullish count: Primary wave 4 completed and price action since Oct last year is a leading diagonal. The price swings will need to be subdivided into 3 wave structures. It can be fitted. For this to correct, price needs to break over at least $0.32 in the next 3 to 6 months in a 3 wave structure. The trade will be at wave 2 following the completion of leading diagonal wave 1. I is usually a very sharp and deep wave prior to rocket.
2. Bearish count: Primary wave 4 is still in progress. March high was just the X wave and now Y wave is in progress. So far I can see a 3 waves down. So, it can either be a flat or a zigzag. Flat correction might bring price down to retest the $0.05 lows. Zigzag correction might take thing a lot lower. I don't think I will be shorting this at this stage. The trade now will be to wait till a bottom is confirmed and an uptrend is established.