DOGEUSD trade ideas
Doge traid number 1I'm thinking about removing the BOS structure after that, I'm waiting for a pump to 0.011
DOGE SupportPotential scalp opportunity.
Price is now trending towards support cluster.
Looking to enter and exit quick, as shorts seem to be stacking up for a few days now.
$DOGE Long from bottom of HTF triangleThis is a HTF trade that still allows for a tight stop loss this good R/R.
Will DOGE Price Find Its Tail Under $0.050?DOGE experienced a consolidation range breakout in the 4-hour chart.
After the breakout, the price is retesting the range, indicating a possible further decline.
DOGE might fall to the $0.050 level.
The daily chart shows a falling wedge pattern.
DOGE has dropped by 60% since November 2022.
There's a long consolidation range, with a fakeout at the $0.64 resistance.
Bears currently dominate the market.
The 4-hour chart shows clear consolidation with recent fakeouts.
Technical Indicators:
MACD: Bullish sprout at the support zone and declining bearish histograms.
RSI: Dipped below the midpoint but begins a recovery.
Potential outcomes:
A recovery could lead the price to $0.064.
A drop below $0.064 could send DOGE to $0.050.
upcoming doge cycleThe trading community and doge price push have cyclical trends,
The doge's cycle revolves around 600-1000 days.
The big doge cycle is about to return.
Doge and Patience (Low Risk - High Reward)Dogecoins notable lowest
- 0.045 area
Dogecoin recent area of highs and lows
- 0.045 area to 0.09
Dogecoin is driven by hype
Assuming the worst on Doge being bearish (and crypto not crashing, very unlikely)
- would assume a 20% loss
Patiently waiting
- could at least hit 43%
History, media, and Elon almost guarantees
- periods of breakouts
Wait for the breakout...
Set stop loss at 30% loss
Accumulate.
Elon send itElon Reeve Musk is a business magnate and investor. Musk is the founder, chairman, CEO and chief technology officer of SpaceX; angel investor, CEO, product architect and former chairman of Tesla, Inc.
Doge-Usd chart history as you can see we took doge's chart from a few years ago.
Over the first few years I have drawn the fib levels from the top to the bottom and if you look at where they end up is identical.
The bounce often goes with a good wick to the 0.5 fib level and is brought back to the 0.236 and if it finds support there we move towards the 1.618
Check out the chart and we hope for a good trade.
good luck
DOGE/USD: making sense of the long corrective price actionI have 2 different counts to make sense of DOGE price action. One assumes the correction is almost over and it is time for the next bull market; another one assumes a bit longer to go.
The Orange WXY count is a zigzag and a flat connected by a flat. Currently the C leg of Y is playing out as an ending diagonal structure. In this count, we should see a break of the triangle structure and couple of more legs down to about .03 to complete the correction within the next six months.
The black is a triangle which should be ending soon. Even if it drags on a while longer, we should not see the June low of $.05 break. In either case, the Primary wave 5 target would be around $5-$6, even it sounds crazy. That's another 100x from the June lows!
The general markets including the crypto market are in a strange place. There is a lot of negative sentiment but we are not seeing a total collapse either. These are very interesting times, indeed!
Doge Is Inside A Triangle That Can Rise If Not Break DownThe doge is inside a triangle that can rise if it does not break down, and confirmation of the rise will be by penetrating the triangle upward.
Dogecoin fractalRough estimate on when dogecoin will end this accumulation phase and possibly make a run close to its all time highs... just a fractal nothing serious :)
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dogecoin.
Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs.
However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
DOGEWe've tested the lows of what has been a yearlong range. Shorts trapped from selling range lows may puke on an inability to break down beneath .06, which can quickly cause a short squeeze.
Also, I particularly like how we've swept, deviated beneath, and reclaimed as support the psychologically significant .06 level.
I believe a return to around yearly open, which is around the area where most of this year's volume has been, and also happens to be the mid of this yearlong range, is well within reason.
Smells like ded DOGE... did you forget to feed him? CRYPTO:DOGEUSD
Doge looks poised for more downside into 2024, inside the wedge before breaking upwards toward new ATH's. That is, unless Elon has plans to integrate DOGE payments, tips, etc. with X (formerly twitter). X has been filing for money exchange licenses in multiple states, so perhaps there's something BIG coming for crypto and X. Stay tuned. For now, watch the charts.
NOTE: Not trading or investment advice. Entertainment ONLY!
Will DOGE Price Crash To $0.050?Dogecoin has broken out of its consolidation range on the 4-hour chart.
The DOGE price has retested the broken range, indicating a potential post-reversal downfall.
The price has dropped by 60% since November 2022, indicating a strong bearish trend.
The daily chart shows a falling wedge pattern and a head and shoulder pattern with a fakeout at the $0.64 resistance.
Technical indicators: MACD shows a bearish crossover, and RSI is nearing the oversold boundary.
On the 4-hour chart, there's a significant possibility of a downtrend with a retest of the broken consolidation range.
Potential support at $0.053 before a bullish reversal.
