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DOGEUSD trade ideas

In depth #Dogecoin price movement basing on previous history (2)Dogecoin's Post-Bitcoin Halving Trend: A December-January Surge This is the update to my BINANCE:DOGEUSD analysis from 2nd December 2024 Dogecoin's price movements have always intrigued traders and investors alike. Upon analyzing historical data,I have uncovered a fascinating and repetitive pattern: Dogecoin tends to experience significant price increases in December of the same year as a Bitcoin halving and January of the following year. Key Observations Bitcoin Halving Events: These occur approximately every four years and historically impact the entire cryptocurrency market by reducing Bitcoin’s mining rewards, creating supply scarcity. Halving years: 2016, 2020, and the upcoming 2024. Conclusion: The 2024 Bitcoin halving, which occurred in April, sets the stage for potential bullish activity in Dogecoin during December 2024 and January 2025. Traders and investors should monitor Dogecoin’s performance closely during this period for opportunities. Trading Tips: Track Dogecoin price trends and market sentiment in the weeks leading up to December. Watch for volume spikes and social media activity, which often signal Dogecoin rallies. Combine historical data with technical indicators to make informed decisions.
BINANCE:DOGEUSDLong
by Adilforgood
DOGE - Another Picture Perfect Prediction (LTF)Wanted to take one more look at the DOGE prediction on the lowertimeframe (12H) that we made exactly one week ago. After seeing price breakdown from the rising wedge pattern, price quickly rose to retest our green trendline. This green trendline acted as a level of support all the way to the upside and once old support is broken, it is usually flipped into a new level of resistance. We warned a week ago this was likely turning into a new level of resistance around $0.416, but we need to watch the 12H RSI to confirm this was the case. Where we said "Watch for a rejection" was because the 12H RSI was fighting the median line (50). When strength is above the 50 it has bullish momentum, when strength is below the 50 it has more bearish momentum. Therefore, once the RSI did get rejected below that 50 level, the bears took over, flipped that trendline into new resistance, and pushed price into our "downside target" measured move box of support.
COINBASE:DOGEUSD
by VIAQUANT
DOGE - Another Picture Perfect Prediction (HTF)Just wanted to revisit our prediction from Dec 8th so that traders can continue to improve and understand how to read charts. When I made this post most people were still extremely bullish and expecting a bull flag to propel Dogecoin to the upside. We were in the same camp until we started to identify some warning signs for on the daily time frame. I am here to reexplain those concerns and to show why price has dropped the way it has. Here is that previous prediction: First, we identified there could be a rising wedge forming (which is generally a bearish pattern) and usually sees a break to the downside. The second main concern was our daily RSI. On our daily RSI strength was starting to fail at overbought conditions showing that buying pressure was slowing down. (red circle with message "very important to watch") This signaled the third main concern. Although price was continuing to rise, strength was slowing which lead to a bearish divergence being created. From our post we made around $0.45 giving this warning, price has already dropped 25% and our RSI has dropped 44%. Now price is nearing completion of it's measured move dump. This does not mean price cannot drop further, but the technical measured move of the rising wedge target was between $0.32-$0.34. Therefore, if we start seeing buyers step in at this range we should see the dump completed and a new leg to the upside start. Absolute worst case scenario at the current moment would be one final capitulation to $0.22-$0.23, but that is the less likely outcome.
COINBASE:DOGEUSD
by VIAQUANT
Dogecoin - This Is Still Just The Beginning!Dogecoin ( CRYPTO:DOGEUSD ) is still in its early stages: Click chart above to see the detailed analysis👆🏻 Although Dogecoin already rallied more than +350% after breaking out of the triangle pattern, this still just seems to be the beginning of the next major bullrun. A conservative approach would indicate a +9.000% rally, but the first primary target is still the previous all time high. Levels to watch: $0.7, $5.0 Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
59
Dogecoin analysis in depthKey Observations from Historical Data BINANCE:DOGEUSDT BINANCE:DOGEUSD : After July 9, 2016 (BTC halving to 12.5 BTC): Dogecoin rose 10,062% in 550 days. Key takeaways: A steady rise occurred over a prolonged period after Bitcoin's halving, benefiting from the general bullish market sentiment. After May 11, 2020 (BTC halving to 6.25 BTC): Dogecoin rose 18,693% in 362 days. Key takeaways: The price skyrocketed faster and more aggressively, possibly due to increased retail interest, the rise of meme coins, and Dogecoin-specific catalysts. Post-2024 Halving Projections: If Bitcoin's April 2024 halving (to 3.125 BTC per block) follows similar patterns, historical precedent suggests a significant price surge for Dogecoin. However, the extent and timing depend on various factors. Projection Based on Historical Patterns: If Dogecoin repeats the 10,062% rise (2016 pattern): This would imply a 100-fold increase from current levels. Assuming Dogecoin's price is around $0.07 at halving, the price could theoretically reach $7-$8. If Dogecoin replicates the 18,693% rise (2020 pattern): This implies a 187-fold increase, pushing the price into the $12-$14 range. Extrapolating Higher Growth (24–30 USD): This requires a compounded acceleration beyond prior patterns. While ambitious, it assumes higher adoption, widespread FOMO, and a stronger meme culture fueled by media and influential endorsements. Timing to New ATH: 1)The 2016 halving saw Dogecoin take 550 days to peak. 2) The 2020 halving saw Dogecoin take 362 days to peak. 3) Given the shortening cycles, 300–500 days post-halving for a new ATH seems plausible. Factors That Could Impact Growth: Bitcoin's Dominance: The overall crypto market typically follows Bitcoin's lead. If BTC establishes a strong bull run, altcoins like Dogecoin tend to outperform during later phases of the cycle. Market Conditions: Macroeconomic factors (interest rates, liquidity, regulations) and overall sentiment toward cryptocurrencies could amplify or dampen growth. Dogecoin-Specific Catalysts: Increased adoption (e.g., more merchant acceptance). Continued celebrity endorsements or community-driven initiatives. Development of utility beyond memes (e.g., real use cases, Layer 2 solutions). Retail and Institutional Interest: In 2020-2021, Dogecoin benefited from a meme-stock culture and retail FOMO. A similar sentiment, fueled by a strong community and media coverage, could reignite. Competition from Newer Meme Coins: The meme coin market is increasingly crowded, which might dilute Dogecoin's dominance in this space. Feasibility of $24-$30: While Dogecoin reaching $24–$30 implies an extremely aggressive growth trajectory, it is not entirely implausible given crypto's volatile nature and history of extraordinary rallies. Conclusion: 1) A 300–500 day timeline for a significant peak is reasonable based on prior patterns. 2) The price target of $24–$30 is an ambitious upper limit and assumes exponential adoption and exceptional market conditions. A more conservative range of $7–$14 could more aligns with historical data, but Dogecoin is about exception and future.
BINANCE:DOGEUSDLong
by Adilforgood
10
$DOGE isn't ready yet?Looking at the previous bull run with CRYPTOCAP:DOGE , we should correct to 50% from here. Then the correction is also completely complete for the bull run. I think 50% is also the maximum for the correction. But in these crazy times, I wouldn't be surprised if we made some deeper corrections. For now I expect a slightly deeper correction, but once it is complete we can only go up from there. I secretly hoped for a CRYPTOCAP:DOGE Christmas, but I'm afraid we'll have to test our patience for a while. Be kind to the world and each other!
BINANCE:DOGEUSDShort
by RidgerR
$DOGE has gone deepCRYPTOCAP:DOGE is experiencing a major correction and as a fairly large coin with a large following, it has brought a lot of stress with it. For now the correction has gone well, slightly deeper than I initially thought. But when I look at the repeat of 2020/21, it matches just fine. This would mean that we can expect a good run with CRYPTOCAP:DOGE and that there is still a lot of potential here. It is currently well below its trend and we first have to see whether it can catch up more than the other currencies. I have a lot of hope for CRYPTOCAP:DOGE and hope that it won't break my confidence and that we can make good progress. But for now we'll keep an eye on it and we have to get back into the trend. Be kind to the world and each other!
BINANCE:DOGEUSDLong
by RidgerR