DOGEUSD.P trade ideas
DOGEUSD The time to buy aggressively is NOW!!Dogecoin (DOGEUSD) has so far fulfilled our July 24 2023 call (see chart below) for 6 months of sideways trading and is about to get out of this Cycle's Accumulation Phase:
As you can see on this chart, the price action respected our Accumulation Phase boundaries strictly and is about to form a 1W MA50/MA100 Bullish Cross. When this Cross was formed on each of the previous 2 Cycles, Doge started a rally. In the case of 2020 it was almost instant. We are less than 3 weeks before completing 1050 days from the All Time High (ATH), which during the past 2 Cycles was a benchmark for the start of the Parabolic Rally Phase (green Rectangle).
As a result, we are turning aggressively bullish on Doge, aiming at the 0.786 Fibonacci level of the Channel Up at $2.000. That is a fair Target price but we believe that if the market makes an overextension, we can even see it reach as high as $6.000.
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DOGECOIN: 274% UPSIDE AHEAD?Back on the monthly chart looking at the RSI & our RCI3Lines indicator we can see multiple bullish developments
- RSI about to register its highest reading since November 2021, when price was 22 cents, implying the possibility of CRYPTOCAP:DOGE having room for a further 65% upside back to 21 cents (which is also a key fib retracement level)
- RSI is NOWHERE CLOSE TO A TOP, signaling CRYPTOCAP:DOGE has TONS OF UPSIDE POTENTIAL AHEAD IN 2024
- RCI3Lines: Red line is fully positioned above the blue & inching towards getting above the dotted white line, aka the "parabolic zone"
- Once the Red line enters the parabolic zone on this timeframe, price will go higher FASTER THAN ANYONE CAN ANTICIPATE
- High possibility of a 136% - 274% rally in the next few months as we enter the parabolic zone & previous resistance levels of 21 & 36 cents are broken, paving the way to 49 cents
THIS IS WHERE THE FUN REALLY BEGINS...
If ATH of $0.7605 is broken... $1.20 is next, 760% upside between now & then...
$2 is a possibility, which would mean 1300%+ upside is ahead...
*Not financial advice* but just my thoughts on CRYPTOCAP:DOGE as they stand right now!
Gann's Planetary Angles for DogecoinIf you're a Gann student you would know that time is the most important factor w/r/t to market cycles.
Welcome to an unique analysis of Dogecoin's price patterns utilizing the Gann Planetary Angles. This weekly chart analysis stretches back to 2014, and uncovers a significant pattern which could signal an impending bullish trend for the much-loved meme cryptocurrency.
This analysis employs Gann's planetary angles, specifically Uranus, as a predictive tool. Uranus, in this context, influences the angles plotted at three significant highs of Dogecoin. The angles reflect the price-to-longitude relationship with Uranus; for every 1 degree of Uranus movement, the angle changes according to selected price scales - in this case, 0.1, 0.2, and 0.3.
What stands out from the chart is a recurring pattern. When the price action surpasses the 0.1 angle (represented by the yellow line), it enters a "pre-breakout" phase, often signaling the later phases of an accumulation schematic before an ensuing mark-up. This pattern has been witnessed at the previous two highs and could serve as a powerful indication of future price movements.
Based on this Gann planetary angle analysis, the prediction is that Dogecoin may be on the verge of a significant uptrend, contingent upon the price action breaking above the current yellow 0.1 angle. Should this historic pattern repeat itself, we could witness a new high by August 2024. The profit target is set at a minimum of $2.27
BINANCE:DOGEUSDT COINBASE:DOGEUSD KUCOIN:DOGEUSDT
DOGE Ready to breakout - trend continuation tradePlaying a trend continuation trade here, with DOGE forming a bullish ascending triangle. Looking like it's going to break the previous resistance highs at around 0.10. Many other alt coins already broke up today from a similar pattern, so this looks primed to pop. When DOGE runs it can really run in a bull run. So worth being in for this one.
Buying on breakout of the resistance. Stops below last major swing low at 0.944.
I will sell 50% at 1:1 RR to make this a no risk trade. Also will be trailing stops as BTC is riding high as a major shock retracement from the big fella over there could quickly spoil this party.
Dogecoin long term targets#DOGE #DOGE_LTA
Dogecoin doesn't need an introduction. amongst the top gainers in previous bull market and probably the coin that will be the core of X (former Twitter) future payment system. Here are the potential future targets based on previous bull and bear markets:
2.2$
4.0$
6.9$ - 11.3$ area
26$ - 36$ area