Long trade
Sat 21st Sept 24
Pair DOGEUSD
Buyside trade
NY Session AM 4.00 pm (NY time)
Entry 0.10608
Profit level 0.12374 (16.65%)
Stop level 0.10502 (1.00%)
RR 16.66
DOGEUSDT.P trade ideas
BULL MOVE AHEAD Over the Months, This Asset has been trading within a contracting triangle which is a clear indication of a bull trend after a break out of 0.10680. I advises investors to wait and join the upcoming bull moves ahead as price is gathering momentum.
CUP & HandleHello .
As you see . CUP and handle
Doge will fly to 0.33 - 0.36
200% profit expected
If you play 3X as i do
Means 600-1000% profit
We GO
Major Trend Change Coming for DOGE
Technical Analysis:
1. Descending Triangle and Key Support Levels:
DOGE/USDT is currently trading within a descending triangle pattern, forming lower highs, indicating persistent selling pressure. This pattern is often a bearish continuation signal, but it can also lead to a bullish reversal if the price action changes.
The key support level within this triangle is around $0.08500. This area has acted as significant support in the past and is crucial for the current price action. If this level holds, it could provide a base for a potential bullish move.
A break below this support level could lead to further downside, targeting the next major support at $0.06000, which aligns with the lower boundary of the overall consolidation zone.
2. Potential Bullish Reversal and Confirmation:
For a bullish scenario to unfold, it's essential to wait until the price reaches the zones of interest and shows a clear break of a previous lower high or a change in structure on a lower timeframe. This behavior would indicate a shift in market sentiment and could suggest that the downward trend is losing momentum.
After identifying this change in structure or break of a lower high, we could potentially see a rally towards higher levels. The next significant target in this bullish scenario would be around $0.18000, which represents a substantial upside potential from the current price.
3. Breakout Scenarios and Targets:
Bullish Breakout: If DOGE/USDT reaches the zones of interest and breaks a lower high on a lower timeframe, this could trigger a bullish reversal. The immediate target in this case would be $0.18000, indicating significant upside potential.
Bearish Continuation: Conversely, if the price fails to show any change in structure and breaks below the $0.08500 support, it could confirm a bearish continuation. The target for this move would be the next major support level at $0.06000.
4. Risk Management and Entry Points:
Traders looking to enter a long position should wait for a confirmed change of structure or break of a lower high within the zones of interest. Setting a stop-loss below the recent low at $0.08500 can help manage risk.
For those considering short positions, a break below $0.08500 with confirmation could provide an entry point, targeting the $0.06000 support level. A stop-loss just above the descending trendline could be prudent to limit potential losses.
5. Conclusion:
DOGE/USDT is at a critical juncture, trading within a descending triangle and nearing a key support level at $0.08500. Watching for a break of a lower high or a change in structure on a lower timeframe within the zones of interest will be key for determining the next major move.
Traders should closely monitor the price action and look for signs of a trend reversal or continuation to make informed trading decisions.
What signals are you watching for in DOGE/USDT's potential reversal or continuation? Share your insights and how you plan to approach this setup.
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Lingrid | DOGEUSDT stays Above KEY Level of 0.1000The price perfectly fulfilled my previous idea. It reached the target level. BINANCE:DOGEUSDT has successfully broken and closed above the psychological level at 0.1000. Currently, the price action is consolidating and continues to bounce off this key level. It seems that the market has taken liquidity from below the psychological level, creating a false breakout. Since the beginning of August, the market has been in a consolidation phase, and I expect the price to move toward the top of the range by breaking through the downward channel. My target is resistance zone around 0.10800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
DOGEUSDT.1DIn this analysis of the Dogecoin/USDT daily chart, I closely observe the interplay of various technical indicators and price movements to inform my trading strategy. Presently, Dogecoin is trading at approximately $0.10125, indicating a decline of 1.62% today.
The price action has been constrained within a bearish trend, as indicated by the descending red trendline (R1). This suggests continued downward pressure. The immediate support (S1) at $0.08983 is crucial as it represents a key psychological level and a previous support zone. A breach below this point could trigger further declines, potentially testing the next support level (S2) at $0.07353.
On the resistance front, $0.12871 (R2) stands out as a significant barrier that Dogecoin would need to surpass to confirm any reversal of the current bearish trend. Overcoming this resistance could shift market sentiment, possibly initiating a bullish phase.
The Moving Average Convergence Divergence (MACD) is currently below the signal line and close to the zero line, reflecting the lack of strong momentum and confirming the bearish sentiment depicted by the price action.
The Relative Strength Index (RSI) sits at 47.68, which is in the neutral zone. This level indicates neither overbought nor oversold conditions, suggesting a lack of decisive momentum in either direction. This warrants close observation for any potential shifts that could indicate an emerging trend.
In conclusion, the technical setup on the Dogecoin chart leans bearish, with key support at $0.08983 under threat. My strategy will involve closely monitoring this support level for potential breakdowns, which could offer short opportunities. Conversely, any movement towards and above the resistance at $0.12871 could warrant a reassessment towards bullish strategies, particularly if accompanied by stronger volume and positive shifts in broader market sentiment.
DOGEUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
Doge :Dodg is the worst coinDodg is the weakest coin among altcoins. Dogecoin is no longer suitable for investment or leveraged trading. I feel sorry for the creators of this currency, like Elon Musk, who play with the trust of investors for their own personal gain.
#DOGE/USDT#DOGE
The price is moving in a downtrend on the 4-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 0.9300
The price bounced from it
Entry price 0.09750
First target 0.10270
Second target 0.1096
Third target 0.1170
Trading Idea: Dogecoin Support Level StrategyCurrent Support Level: Dogecoin (DOGE) has reached a key support level.
Bounce Scenario: If the price holds this support, we could see a bounce from here, offering a potential long entry opportunity.
Breakdown Scenario: However, if the price breaks below this support, it could signal further downside, with the next target being the next support level.
Confirmation: Wait for a clear bounce or breakdown confirmation before entering. A strong bounce would suggest upward momentum, while a close below the support with increased selling pressure would confirm the breakdown.
Risk Management: If entering on a bounce, place a stop-loss just below the support. If entering on a breakdown, place a stop-loss slightly above the broken support level to manage risk.
DOGE wait for breakThe Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈.
Analysis:
- Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯.
- Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁.
- Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑.
Key Points:
- Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼.
- Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊.
Signal:
- Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.
DOGE/USDT Price Prediction - Time 1DTrend Prediction - DOGE/USDT Forecasting -
Resistance and Support Lines
Falling Wedge Pattern is observed!!!
**** Yousef Sharafi ****
Follow me here for more analysis
Dogecoin DalyWe observe that Dogecoin is following a similar pattern as before, which appears to act as an indicator for the broader altcoin market. When Dogecoin rises, other altcoins tend to follow. As long as Dogecoin stays above the highlighted yellow line, there is potential to take a long position and build a swing-long trade towards the end of this year.
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Good look! 🚀
DOGEUSDT in Accumulation PhaseDOGEUSDT recently dropped to a support level last tested in February, where the price saw a significant rally. Currently, the price has formed a false breakout below the 0.09500 support level and has since been moving sideways in an accumulation phase. Over the past week, the market has been forming a compression channel, which could lead to a breakout and a subsequent price move. Given the repeated rejections and bounces off the support level on the daily timeframe, there is a strong potential for an upward move. The price could break through the trendline and retest the resistance level, with the target set at 0.10700
Doge ready for lift off. 3 billion in shorts fair gameRead the fine print, she's taking off with a story fitting for the giant it is about to become. Not BTC, not XRP....No! Doge heads the way to become king crypto with a plateau starting at around 12-27k. (I don't even believe what I'm reading). But if you have targets, throw them in the theoretical trashcan ladies and gentlemen. This will be your one and last time to get rich in this space. Everything will plateau after this. In a first plateau that will last about 15 years, only top out for a diagonal continuous fall until the circuit closes.
Beware, on the trip to UniverseX, there will be a trip to the bottomless pit. Where the Doge hunts its prey and eats them like a meal prepared for a king. It is the end times, this is why we all need Jesus with us.
Lord we pray for your strength and comfort in the storm and wisdom to trust you. Amen.
It'zya boi,
-Antizma
DOGEUSDT - Short TradeOn Monday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
As a target, I prefer the opposite key level
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Doge- Near an important breakSince hitting a high of 0.22 in April, Doge has been in a downtrend.
However, the chart shows that dips below 0.1 have consistently been bought, leading to strong reversals each time. The final phase of the downtrend is forming a falling wedge, which often signals a potential reversal.
For confirmation of an upward reversal, we need a clear breakout above resistance. If that happens, we can expect targets at 0.128 and 0.15 in extension.
DOGEUSDT: Trend in daily time frameThe condition of DOGE coin is very sensitive and in case of further correction of Bitcoin and reaching the retest area, this condition and trend can be considered for DOGE.
Anyway, the color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
Be careful
BEST
MT
DOGE Dogecoin Short Term Price TargetIf you haven`t bought DOGE before the previous major breakout:
nor sold the top:
Now looking at Dogecoin's chart, it appears to be attempting a breakout from a falling wedge pattern.
In my view, we’re likely to see an imminent breakout, or we may need to wait for the pattern to fully develop before the breakout occurs.
Either way, my price target remains $0.12.
Dogecoin Update (9/12/2024 3:00 PM)The current market analysis suggests a lack of clear direction, with mixed signals from technical indicators and candlestick patterns. The price has recently been hovering around the 0.1024 level, with a slightly bullish candlestick pattern indicating a potential reversal from the recent downtrend. However, the decreasing volume trend suggests that this upward momentum may not be sustainable.
Technical Indicators:
* Moving Averages: Most of the moving averages (SMA5, SMA10, SMA20, EMA5, EMA10) are clustered closely around the current price, indicating a neutral trend. However, the EMA20 is slightly below the current price, suggesting a potential downward bias.
* MACD: The MACD line is slightly above the signal line and the histogram bars are positive, although they are decreasing in size. This indicates a waning bullish momentum.
* RSI: The RSI is at 57.92, slightly above the neutral level of 50. This suggests that the market is in a neutral to slightly overbought condition.
* Bollinger Bands: The current price is close to the middle Bollinger Band, indicating that volatility is relatively low.
Support and Resistance:
* The closest support level is at 0.10155, followed by 0.09599.
* The closest resistance level is at 0.10461, followed by 0.10497.
Trading Decision: WAIT
Given the mixed signals from technical indicators and the decreasing volume trend, the trading decision is to WAIT for a clearer trend to emerge. There is no clear entry, stop loss, or take profit level for a trade at this time.
Outlook and Risks:
The market outlook is uncertain, with the potential for a reversal from the recent downtrend or a continuation of the downtrend. The key risk to watch for is a break below the closest support level at 0.10155, which could indicate further downward momentum. On the upside, a break above the resistance level at 0.10461 could indicate a potential upward trend reversal.
