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DOGEUSDT trade ideas

DOGE → Consolidation ahead of rally to ATH $0.7400BINANCE:DOGEUSDT is taking advantage of the hype moment and is consolidating after a strong rally. The trigger for rally continuation is the area of 0.45 - 0.46. The coin has all chances to reach ATH Despite bitcoin speculation, a 10% drop in bitcoin, the main reason for which is profit-taking, doge continues to consolidate and does not react to the market noise. The big player interested continues to buy in the hope of continued growth. Technically, an ascending triangle is forming on the 4-hour chart and consolidation above MA-50, which indicates a rather strong interest from the buyer Resistance levels: 0.45, 0.463, 0.48 Support levels: 0.422, 0.400 Since the price is still inside the pattern, I don't exclude the possibility of retesting MA-50 or one of the key supports before further growth. But the break of the key resistance will be the reason for further rally towards ATH Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGEUSDT ;) Regards R. Linda!
Long
by RLinda
47
DOGEUSDT Technical Analysis and Long Setup 08/12/2024🚀 DOGEUSDT Technical Analysis and Scalping Long Setup 🟢👆 Hey team! Here’s the latest analysis for DOGEUSDT: We are seeing a triangle breakout forming on the 1-hour chart, and DOGE is very close to breaking through a key rectangle pattern! This sets up a fantastic opportunity for scalping long positions. 🔑 Scalping Long Setup: ✅ Entry Levels: - 0.46 - 0.43 - 0.40 ✅ Targets: - 0.505 - 0.54 - 0.58 - 0.62 - 0.66 🔴 Stop-Loss: - 0.35839 (Make sure to manage your risk carefully!) --- 📈 Strategy: 1. Look for one of the entry levels to get filled. 2. Monitor price action closely as it approaches the target levels. 3. Adjust your stop-loss to secure profits as the price moves in your favor. Stay vigilant and happy trading! Let’s maximize our gains! 💰✨ *Please remember to do your own research and trade responsibly.* #DOGEUSDT #CryptoAnalysis #TradingSignals #SRFXGlobal
Long
by SRFXGlobal
DOGEUSDT.4HThe 4-hour chart of DOGE/USDT displays a consolidating pattern within an ascending channel, indicating potential breakout points. This analysis will cover key technical aspects such as resistance and support levels, alongside insights from technical indicators. Price Action and Structure: DOGE/USDT has been trading within an ascending channel, indicating a positive trend. The price is currently near $0.45608, with the coin testing the channel's upper boundary and approaching a significant resistance at $0.46763 (R1). Resistance and Support Levels: Resistance Levels: Immediate resistance is at $0.46763 (R1). If DOGE can sustain a breakout above this level, it may target the next resistance at $0.48673 (R2), which aligns with historical resistance and the upper boundary of the trading channel. Support Levels: The primary support is observed at $0.40600 (S1), which aligns with the lower boundary of the ascending channel. This level serves as a crucial marker for bullish sentiment maintenance. Moving Averages: The price is currently above the dynamic support line indicated by the channel's lower boundary, suggesting bullish sentiment. Maintaining above this line is crucial for sustaining the upward momentum. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) shows a positive divergence with the signal line above the MACD line, indicating bullish momentum. The histogram supports this, suggesting increased buying activity. RSI: The Relative Strength Index (RSI) is near 70, approaching overbought territory. This indicates strong buying pressure but also signals caution as the asset may soon face selling pressure from profit-taking. Conclusion: DOGE/USDT is in a strong bullish phase, testing key resistance at $0.46763 (R1). A breakout above this level could see the price move towards $0.48673 (R2). Traders should monitor these levels for potential breakout or rejection signals. The support at $0.40600 (S1) is vital for maintaining the current bullish trend. Given the RSI's approach to overbought levels, traders should be cautious of potential reversals and prepare for volatility. This situation offers a strategic point for traders to assess entry and exit points based on the breakout direction and reaction at these critical levels.
by MarsSignals
Dogecoin Turns Bullish: Moves Above MA200 On Rising VolumeHello my fellow Cryptocurrency trader, how are you feeling today? Here we have Dogecoin (DOGEUSDT) on the daily timeframe, and we have some interesting developments for the bulls. DOGEUSDT today moved decidedly above MA200. This same level produced a rejection back in July. If DOGEUSDT can manage to stay above this level, bullish potential is now confirmed. While this is happening, we can see a clear increase in trading volume, slowly but surely, day after day bull-volume continues to rise as Dogecoin moves above resistance in the form of MA200. This is one signal. We also have a higher lows structure that is being confirmed. Dogecoin hit a low in August 2023 and then we have a clear and very strong higher low in August 2024, one year later. This break above resistance coupled with this higher low can lead to a higher high next. These targets on the chart are for the mid-term, which means within 1-3 months. If prices move and close below MA200 daily/weekly, as it happened in July, this would turn into a failed signal. The big difference between July and present day is the volume as well as more than four months of consolidation... Prepare for growth. Dogecoin is also bullish on the weekly timeframe and as well as on its Bitcoin pairing, DOGEBTC. The latter can be found in the 'Related publications' below. Thank you for reading. You can boost and comment to show your support. & Follow! Namaste.
Long
by MasterAnanda
Dogecoin: It Isn't Over; Final Resistance Will Lead To $1.16It isn't over my friend... Why so hurried? Why should it be over? It is growing and set to continue doing so long-term. ➖ Final resistance DOGEUSDT (Dogecoin) is facing one final resistance level at $0.47 before a new All-Time High. It isn't over based on the chart. Last week DOGEUSDT closed with a long lower wick on the weekly candle. It moved below $0.39 but closed high up on the session. This week the same pattern is repeating. $0.39 was tested as support but the action is happening at the high of the session. So far we have a bullish hammer. These candlesticks are telling us that buyers are present and sellers are being bought. These candles are giving us a clear signal, they are saying, "we are about to challenge resistance again... Dogecoin is going up!" The same resistance from 18-November that produced a multiple years high price. Since we have all this bullish momentum and this resistance has been challenged once already, next time it is very likely to break. Any trading above $0.39 is hyper-bullish. So if it doesn't break, DOGEUSDT will try again; but sellers are not present. If they are present, they are at a loss. Maybe you are a seller. You can sell, take profits and go home, but the market is going up. Dogecoin is going up and will continue going up. The chart is saying so, Bitcoin is saying so; I am telling you so... Thanks a lot for your continued support. ➖ New All-Time High $1.16 The next main level to look for is $1.16 but this isn't the end, we have higher prices on the deck, there will be more in this bullish wave. These are shown on the chart. Short-term, also shown, after the $0.47 level is taken out, resistance will be met first at $0.59, but it will break easy, followed by $0.74. This latter one can hold. As soon as we move above $0.47, we are guaranteed to go beyond $1. Why? Because of Bitcoin. What one does, the rest follows. Bitcoin moved first and it moved really strong. It grew massively above 74K and is now trading at 100K+. When we compare this to Dogecoin, this means $1 and beyond. The major levels above $1 are $1.85, $2.54 and $3.24... You are the most amazing creation in the whole world. There is nothing like you... You have the divine spark which is your Soul. Namaste.
Long
by MasterAnanda
Doge flying another 25% ?!Doge seems to be gearing up for its long-awaited move to the moon. All eyes are on the key level marked by the dashed line, highlighted in yellow. A candle closing above this crucial threshold could be the ignition we’ve been waiting for. If this breakout confirms, it’s not just another rally – it’s the start of something bigger. The path to the moon will be wide open, with no major obstacles in sight. The momentum is building, and now it’s all about watching for that decisive close. Buckle up, because Doge might just be ready to take off.
Long
by xSamu_TA
1