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DOGEUSDT trade ideas

DOGECOIN / TRADING INTO DESCENDING CHANNEL - 4HDOGECOIN / 4H TIME FRAME HELLO TRADERS The overall trend is downward , until trading below turning level at 0.102 The asset's price action suggests a potential downtrend as it currently trades below the key level of 0.102. This level often acts as a significant turning level , so trading below it indicates bearish momentum. A further decline to 0.094 is expected because it represents the next logical support level where buying interest might increase. If this level fails to hold, the price could drop to 0.084, a stronger support that might prevent further declines. However, if the price can break above the 0.102 level and sustain that move, it would indicate a shift in market sentiment from bearish to bullish. This could lead to a rally towards 0.112, a resistance level that could attract selling pressure. A continued move higher might take the price to 0.121, where significant resistance could be encountered. KEY LEVELS : TURNING LEVEL : 0.102 . RESISTANCE LEVELS : 0.094 , 0.084 . SUPPORT LEVELS : 0.112 , 0.121 .
Short
by ArinaKarayi
Dogecoin Bias as of September 7, 2024 11:00 amAs of September 7, 2024, Dogecoin (DOGE) is trading around $0.097²⁴. The current sentiment in the market is bearish, with a Fear & Greed Index showing "Extreme Fear"². Here are some key points to consider: ### Technical Analysis: 1. **Support Level**: Dogecoin is currently in a support area around $0.097⁴. This level has been tested multiple times, indicating strong buying interest. 2. **Resistance Levels**: The immediate resistance is around $0.10⁴. Breaking this level could lead to a bullish trend. 3. **Moving Averages**: The 50-day and 200-day Simple Moving Averages (SMA) are important indicators. If the price stays above these averages, it could signal a bullish trend². 4. **Relative Strength Index (RSI)**: The RSI is currently low, indicating that Dogecoin might be oversold². ### Market Sentiment: 1. **Bearish Sentiment**: The overall market sentiment is bearish²⁵. This could mean that traders are cautious and might be waiting for more favorable conditions. 2. **Fear & Greed Index**: The index is at 22, indicating "Extreme Fear"². This often suggests a potential buying opportunity, as prices might be undervalued. ### Confluence: 1. **Support Area**: The strong support around $0.097⁴ provides a good entry point for buyers. 2. **Market Sentiment**: Despite the bearish sentiment, the "Extreme Fear" level could indicate a potential reversal. 3. **Technical Indicators**: The low RSI and the position of the moving averages suggest that Dogecoin might be oversold and could see a bounce back. ### Bias: Given the current support level and the oversold conditions indicated by the RSI, my bias would be cautiously bullish. However, it's essential to keep an eye on the resistance levels and overall market sentiment.
by kcinrom
Dogecoin Price Prediction**Dogecoin Price Prediction** **Disclaimer:** Cryptocurrency markets are highly volatile and unpredictable. This prediction is based on technical analysis and market observations and should not be taken as financial advice. **Short-Term (1-3 months):** * **Neutral:** Dogecoin has recently experienced a period of consolidation, with little significant price movement. * **Key Support:** $0.05-$0.06 * **Key Resistance:** $0.10-$0.12 * **Expectation:** Dogecoin may experience some sideways trading or slight fluctuations within this range in the short term. **Medium-Term (3-6 months):** * **Bullish:** Technical indicators suggest the possibility of a breakout above resistance at $0.12. * **Potential Target:** $0.15-$0.18 * **Expectations:** If Dogecoin can gain momentum and break above this resistance level, a surge towards these targets is possible. **Long-Term (6+ months):** * **Uncertain:** The long-term trajectory of Dogecoin depends on several factors, including market conditions, community support, and future developments. * **Key Factors:** Elon Musk's influence, meme culture, and potential adoption as a currency. * **Expectations:** Dogecoin could continue to experience volatility, but it has the potential for significant growth if these factors remain favorable. **Influencing Factors:** * **Elon Musk's Support:** Musk's tweets and support have a significant impact on Dogecoin's price. * **Meme Culture:** Dogecoin's popularity as a meme coin can drive price surges based on social media hype. * **Market Conditions:** Broader market trends, such as the performance of other cryptocurrencies, can influence Dogecoin's price. * **Development and Adoption:** Progress on the Dogecoin blockchain and its adoption as a means of payment could boost its value. **Conclusion:** In the short term, Dogecoin may experience sideways trading. However, in the medium to long term, bullish trends and a potential breakout above resistance could lead to price appreciation. The overall trajectory depends on various influencing factors, making long-term predictions uncertain.
by kcinrom
2
Lingrid | DOGEUSDT: Currently in the ACCUMULATION PhaseBINANCE:DOGEUSDT has recently dropped to a support level that was last tested in February. At that time, the price experienced a significant surge. Currently, the price has formed a false breakout below the support level of 0.09500 and has since been moving sideways during an accumulation phase. Over the past week, the market has been creating a compression channel, which is likely to lead to a breakout and subsequent price extension. Given the repeated rejections and bounces off the support level on the daily timeframe, there is a strong possibility that the price will move higher. I anticipate that the price to break through the trendline and retest the resistance level. My target is resistance at 0.10700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
9
Dogecoin (DOGE) - Will DOGE lovers finally be rewarded?Things have not been as exciting as most cryptocurrency enthusiasts would have thought, especially for CRYPTOCAP:DOGE . At just 3x from this year's low, it is to date one of the worst performing memes. Let's take a look at what Dogecoin might have in store. Macro View. Everything remains intact on the monthly and it just regained lost support on the weekly. Many probably missed the yearly opening retest at $0.09 hoping to get a perfect retest of that level, only to be left out! Price trading above $0.12 over the next three weeks will present a change in trend and print a new bullish signal Once it reaches $0.17, things will start to pick up momentum, as that would be the last level for the bears to defend before a nice push towards $0.33. Actions to Take: Bid at $0.12 for a turn towards $0.17. Invalidation below a daily close of $0.114. A rather slow trade, so be patient!
Long
by ZelfTrade
#DOGE double bottom in falling wedge. Get LONGDogecoin is looking primed to pump. It has been respecting the falling wedge. It has formed a double bottom. RSI is stronger showing sellers have left the building. And it has found support at an order block. STO is low and ready to go. What are you waiting for. GET LONG. Chart: Pattern: Falling wedge with a double bottom to reverse. RSI was 27 on the previous low and 37 of this new low. Bulls are taking over baby. STO has just touched 5. Yes 5. So time to head back to 8o :-) Numbers: Target 1: based on falling wedge pattern is 0.16. Yes that is 66% with no leverage. Just hodl. Stop loss: 0.08. We dont want to see this again. GL and stay safu
Long
by thecryptochart
DOGE FRACTAL : Don't Lose Hope! BEST YET TO COME DOGE has been trading undeniably bearish over the past few weeks, as we see significant signs of bearish price action: - 📉 lower highs - 📉 lower lows However, if we take a look at a fractal that played out between Dec 2023 - Feb 2024, there is definitely a chance for a PARBOLIC PUMP. Watch this short video to find out how (there are TWO SIGNS we need to see on the chart BEFORE we can seriously consider this). Make sure you catch my update on Bitcoin, because ultimately BTC determines the direction of the market. Therefore it's vital to watch the trendsetter! ________________________ BINANCE:DOGEUSDT
by CryptoCheck-
DOGE/USDT Set to Skyrocket or SinkThe DOGE/USDT pair is now in a bearish trend, with price action forming a descending triangle pattern on the daily chart. This pattern is identified by the construction of lower highs, showing a consistent loss of bullish momentum, and a horizontal support zone also maintains the price. The upper boundary of this triangle is marked by a descending trendline, which provides strong resistance. As the price reaches the triangle's top, it is ready for a strong upward or downward move depending on the breakout direction. The key support levels on the chart support zone (Green) at $0.09018 - $0.09458. This zone has proven to be a strong floor for the price, and a break below this area could signal a bearish continuation. Should the support give way, the next notable level to watch is $0.08050, which is a previous low. If bearish momentum continues, the price could further descend toward the $0.06640 mark, representing a significant drop from current levels. On the flip side, if DOGE manages to break above the descending trendline and sustains a move above the resistance level at $0.11330, it would indicate a shift in market sentiment towards bullishness. The first target in such a scenario would be the resistance at $0.14935, a level that previously acted as a barrier for price action. Beyond this, the next significant resistance zone (Blue) at $0.18906 - $0.20357. These levels are crucial as they represent areas where selling pressure could re-emerge, potentially capping any bullish rallies. DOGE is at a critical juncture within its descending triangle pattern. Traders should monitor the price closely as it approaches the support and resistance levels. A breakout from this pattern, either to the upside or downside, will likely dictate the next major trend for the pair. The overall market sentiment, along with volume and momentum, will play a crucial role in confirming the direction of the breakout.
by TheCryptoCity
Doge history repeats itselfPump vol1 and vol2 are the same, only the volume difference. The liquidation to this pump is also almost exactly the same as seen today. It can be seen that history repeats itself and almost exactly the same way. With this historical comparison, it is not likely that the doge will move above the light blue line, before the yellow area. more voluminous coins can drop -50%.' Hoping that the doge will make you rich and that it will go up to $1 (or above 23 cents)? because x.com, tiktok and pointless news and other tw's analysis said so? The situation is shit and this is my vision compared to history AND IT COULD BE WRONG.
Short
by MoralDisciple
11