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Dogecoin / TetherUS PERPETUAL CONTRACT

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DOGEUSDT.P trade ideas

$DOGE Dogecoin PT 69 and higherWhat is Dogecoin? Dogecoin is a cryptocurrency created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. The codebase of the project was a fork of Litecoin, so it inherited many of the same features such as the hashing algorithm, with the only difference being branding and large inflationary supply. One of Dogecoin's strengths is its relaxed and fun-loving community. But like most meme coins, this is also a weakness because other currencies are seen as more professional. History of Dogecoin Dogecoin was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia. They wanted to create a fun cryptocurrency that would appeal beyond the core Bitcoin audience. Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. What is the utility of the DOGE token? DOGE is primarily used as a tipping system on Reddit and Twitter, where users tip each other for creating or sharing good content. The community is very active in organizing fundraising activities for deserving causes.
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by BADQOMOCAWGOWLD
HOW CAN YOU BE BEARISH?? DOGEWhen you are in doubt, zoom out. Always. You need to have a plan and here the plan is simple: buy the dip and hold. Dogecoin is NOT BEARISH and will not drop to new lows. As you can see, chart is clear. One year bearish phase, followed by two years accumulation phase. We have just come out from the bearish phase and we have around 10 months of bulls. We will probably see new ATH before 10 months, and if you are bearish, please, just scalp like I do sometimes
Long
by SaliJournal
2
DOGEUSDT.1DAnalyzing the DOGE/USDT daily chart, I've drawn several observations based on the displayed technical indicators and price patterns: Support and Resistance Levels: The current price of Dogecoin is oscillating around $0.14596, which is slightly above the support level (S1) at $0.13777. The next significant resistance levels are R1 at $0.16548 and R2 at $0.21101. The support and resistance levels are crucial for predicting potential turning points or continuation of the price trend. Price Patterns: The chart exhibits some consolidation after a drop, indicating indecision in the market. This consolidation near a support level could suggest that buyers are beginning to see value, potentially leading to a price rebound. Technical Indicators: Relative Strength Index (RSI): The RSI is near 50, which generally indicates a neutral market condition. This positioning suggests that the price could swing in either direction, depending on market dynamics. Moving Average Convergence Divergence (MACD): The MACD is relatively flat and close to the zero line, indicating a lack of strong momentum in either direction. This could suggest a period of sideways movement or the potential for a trend shift if a catalyst occurs. Trading Strategy: Considering the price is near a significant support level, this might be seen as a buying opportunity for those speculating on a rebound towards R1. However, it's essential to set a stop-loss slightly below S1 to protect against a potential break lower, which could see the price moving towards S2 at $0.12214. Risk Management: Effective risk management is critical given the uncertain market conditions indicated by the RSI and MACD. Traders should ensure their trading plan includes predefined risk parameters, adjusting position sizes and stop-loss orders to manage potential downside. Conclusion: DOGE/USDT presents a moderate risk opportunity with the price near key support. A bounce off this level could offer a short-term trading opportunity with a target at R1, while a break below could lead to further declines. Given the flat MACD and neutral RSI, traders should remain cautious, monitoring for any changes in volume or news that might influence price direction. This approach ensures preparedness for both potential upward movement and continued downside risk.
by MarsSignals
The Wick Phenomenon: How and Why Big Wicks Get FilledIn trading, wicks on candlestick charts represent the highest and lowest prices during a given time period. Long wicks can often be seen as a sign of market indecision, but they also tend to get filled by subsequent price action. This phenomenon occurs frequently and can provide valuable insights for traders looking to capitalize on price movements. In this article, we’ll explore how and why big wicks get filled through practical examples. Understanding Wicks and Their Significance Wicks, also known as shadows, appear on candlestick charts when the price moves significantly above or below the opening and closing prices within a specific time frame. A long upper wick indicates that prices were pushed up but then fell back down before the close, showing selling pressure. Conversely, a long lower wick suggests that prices were driven down but then recovered before the close, indicating buying pressure. Usually, at least 50% of the wick will be filled, and sometimes the entire wick will get filled before the reversal happens. Why Do Wicks Get Filled? 1️⃣Market Psychology: Traders often see long wicks as areas of interest. For instance, if the price reaches a high but then falls, traders might anticipate a retest of that high. 2️⃣Liquidity Zones: Long wicks indicate areas where a lot of trading activity took place. These areas are often revisited as the market seeks liquidity. 3️⃣Mean Reversion: Prices tend to revert to their mean over time. A wick can be seen as a deviation from the mean, and the subsequent filling of the wick is part of the reversion process. How To Trade It? It all depends on your trading plan. Here are some options: Aggressive traders can buy/sell immediately after the wick has been formed. Semi-conservative traders can look for a reversal pattern on a lower timeframe to confirm it. Extra conservative traders can wait for the candle with the wick to be broken from the other side before entering. Additionally, considering more confluences like key levels, market structure, and the overall trend will give you a better edge. Why Now? You might be wondering why I am posting this article now. As you may have noticed, we had a dip yesterday, giving us a practical example on many altcoins and stocks. For this example, I have chosen DOGE, 4H chart. I hope you like the content and found it useful. Are you taking wicks into consideration in your trading plan? If yes, how? If not, why? What would you like me to discuss next? Always remember: 📚 All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
28
DOGE Analysis: A Potential Rebound on the Horizon? *1-Hour Chart: Oversold and Ready to Bounce!* The current price of 0.160465 is hovering just above the lower Bollinger Band (0.160164), indicating an oversold condition that could spark a rebound! The support level at 0.158270 is within striking distance, and a successful test could propel DOGE towards the middle Bollinger Band (0.162133) and beyond! *1-Day Chart: Finding Footing for a Potential Uptrend* On the daily chart, DOGE is slightly below the middle Bollinger Band (0.161545), indicating a slight downward pressure but not far from a potential reversal. The support level at 0.157109 is a crucial level to watch, and if DOGE can maintain above it, a move towards the middle Bollinger Band (0.161545) and even the upper band (0.174070) is possible! *Combined Analysis: A Bullish Scenario Unfolds* In the short term, DOGE could target the middle Bollinger Band (0.162133) and even the upper band (0.164101) if the price holds above the support at 0.158270. On the daily chart, sustaining above the support at 0.157109 could push DOGE towards the middle Bollinger Band (0.161545) and beyond! *The Verdict: Will the Bulls Take the Lead?* If DOGE can maintain above the 1-hour support at 0.158270 and find strength, a bullish scenario could unfold, targeting the middle and upper Bollinger Bands on both charts. However, a failure to do so could result in a retest of support levels, leading to a bearish downturn. The trade is on - will the bulls take the reins? Remember, this analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions.
by The_Bull_Trader
Honestly, I don't feel like explaining because the chart says itHi. BINANCE:DOGEUSDT DOGE is testing the top of symmetrical triangle on Daily timeframe Up We Go if we manage to break upwards🐃 ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 AB=CD 🟢symmetrical Triangle ❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3