DOGEUSD.P trade ideas
DOGECOIN ALL TIME HIGHS COMING IN 200 DAYSit appears we have formed resistance at the 0.236 fib level, as drawn out by the yellow line. And believe it or not this has happened once before in late 2020. I Believe Dogecoin price will be range bound within the red box (right chart) for the next 161 days before we get the majestic WEEKLY GOLDEN CROSS that will send prices beyond the yellow line & beyond previous ATHs (purple line)
I believe we will fully break ATH within 203 days of the 0.236 fib retest based on history
Looks like DOGE is well rested for a run Looks like an explosive move to the upside is coming.
Buckle up, If it goes under .072, I'd consider buying.
Maybe .068 for this trend, idk it's a strong trend, and as long as a crash is quick, this trend can hold. Meaning, if it drops sharp to .0616 or so.. HUGE BUY for a quick return to trend and probably over.
DOGE Coin buySo Doge Coin has had a lot of hype around it, mainly because of Elon Musk, and now it is slowly becoming a respected coin. I love trading it and I'm sure there are lots of people that do.
Anyway here is DogeCoin buy TPs are Marked when TP1 breaks the secure your trade.
Hope lots of people earn lots of money today. Yesterday we gave out signals and earned 700 pips on gold, and big profits on silver.
DogeCoin DogeUSD Buy📈
Entry: 0.2062221
SL:🛑 0.1884981
TP1: 0.2283771
TP2: 0.2418716
TP3: 0.2593942
TP4: 0.2827577
DOGE - trouble in paradise?DOGE has a bearish divergence on the three day and has quite frankly stalled in momentum. I would look for a down move in the near future with potential buy zone of 0.136 area... dependent upon selling pressure, could go as low as 0.107.
Short term, bearish; long term still very much bullish for this year and heading into next.
not trading advice
have patience and stay safe
tg
DOGE >> Its Doge Season // Now you are here ! DOGE >> Its Doge Season // Now you are here !
3 different cycle, 3 bull season !!
level1 > top (blue)
level2 > bear (yellow)
level3 > bear + acumulation
Chech the grey boxes... and get ready for doge season =)
#doge CRYPTOCAP:DOGE
DOGECOIN/ Total Marketcap chart
DOGE vs LTC vs BTC vs XRP
2014-2023 (9 year history) period
btc and xrp started to pump. and doge and ltc will follow them.
DOGE- midway through rising wedge, two more major breakoutsWe're midway through a longer-term rising wedge pattern signaling a bearish reversal for some consolidation to pick up later in the year.
However, within our shorter term bullish cycle we're mimicking the falling wedge (bullish reversal) pattern we saw between the 14th-20th of March, that broke out around the 21st for a run-up to .23. We're seeing this same pattern repeating that started around march 29th, looking for another run up in the next 24 hours(April 3rd-4th), followed by a slight consolidation around .205 on the 8th-9th of April before our second run-up to .26-27 around 15th of April.
Based on this trend we should start to see our rising wedge fall into a bearish reversal around the 23-24th indicating a longer term consolidation (2-3 months) with some volatility in June leaving us trading sideways building up a new floor around .12-16 for the duration of the summer into fall as we prepare for another major breakout in October-November (.36-.42) depending on what June looks like.
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.
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 | 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.