A Decade of DOGECOIN Brilliance. x100 Potential Hidden?!🎉 Happy 10th Anniversary, DOGECOIN! 🎉
December 6th, marks the 10th anniversary of DOGECOIN's genesis. Initially created as a light-hearted meme coin, it's become a significant player in the crypto space.
The BINANCE:DOGEUSDT price chart tells an intriguing story. Currently, it's showcasing a repeating pattern – Descending Triangles.
These patterns have historically been precursors to substantial upward movements. Dive into the clear chart representation here:
In the past, these triangles paved the way for remarkable gains, including an x66 surge in 2017 and an astonishing x238 leap in 2021, fueled by none other than Elon Musk.
On the weekly timeframe, this movement resembles a light breath, but in reality, holding onto this for the long term can be a challenging task.
It's crucial to approach it with a solid risk management strategy.
Strap in for the ride and ensure you're equipped for the DOGE rollercoaster!
DOGEUSDT_89DA41.USD trade ideas
DOGEUSD – Cup and Handle Breakout: Scalping to the 0.618 Fib
Well, it looks like DOGE has broken out of the cup and handle pattern we were watching. With this breakout, the next immediate target is the 0.618 Fibonacci retracement level at $0.116, which represents a potential 10% move from the breakout point. This level is crucial for traders looking to scalp quick profits before deciding on further direction.
Given the strength of the breakout, there’s a good chance we’ll see the price push up toward the 0.618 Fib level. If you’re looking to scalp, this move offers a solid short-term opportunity. However, watch closely for any signs of a reversal or hesitation around this resistance level – breaking through it could lead to further gains, while rejection might pull us back to test previous support levels.
In short, with DOGE pushing past the handle breakout, a scalp to $0.116 is looking like a good setup for a quick 10%. Keep an eye on momentum as we approach this key resistance level.
DOGE - chop for another monthI could see us chop sideways for another month before we start to see some upwards momentum. Market wants to be boring to shake those who have bought thinking the upwards move is coming any minute.
have patience and stay safe.
Not trading advice and I'm often wrong.
cheers
tg
Doge descends no more! Pattern breakout could see a 98% surge. The chart indicates that Dogecoin (DOGE/USDT) has already broken out of the Descending Triangle pattern, signaling a potential shift in market sentiment. With this breakout, here’s a closer look at the critical elements and price projections moving forward:
1. Descending Triangle Breakout
• DOGE has broken out of the descending triangle to the upside, defying the usual bearish continuation pattern. This breakout suggests a bullish reversal or at least a short-term upward movement.
• This breakout could signal a shift in momentum, with DOGE moving toward key resistance levels.
2. Weekly Hidden RSI Divergence
• The hidden bullish divergence in the RSI further supports this breakout. Even as price made lower lows, the RSI’s higher lows indicated building momentum, which has now translated into an upward move.
• This divergence suggests that the current breakout could have legs, leading to further price gains.
3. Fibonacci Extensions & Price Targets
• $0.2067: This is the key Fibonacci target, representing the 96% retracement level. Given the breakout, this is the immediate price target and aligns with past support and resistance levels.
• $0.2812 and $0.3305: These are resistance levels within the broader resistance zone. Once DOGE breaks through $0.2067, this zone will be the next major test for bulls.
4. Price Projections
• Short-Term Outlook: With the breakout confirmed, DOGE’s immediate target is $0.2067, representing a significant gain from the current level.
• Medium-Term Outlook: If DOGE clears $0.2067, the next focus will be the resistance zone between $0.2812 and $0.3305. Overcoming this will be crucial for sustained bullish momentum.
• Long-Term Outlook: A successful push beyond the resistance zone could open up the possibility of a broader bullish cycle for DOGE, potentially leading to higher price targets contingent on market sentiment.
Conclusion
Dogecoin’s breakout from the descending triangle, supported by the weekly hidden RSI divergence, marks a bullish shift. With the immediate target at $0.2067 and further resistance at $0.2812 and $0.3305, DOGE could be set for a sustained upward move. Volume and market sentiment will be key to confirming the strength of this breakout.
DOGE and XRP Caught Waiving goodbye to BTC - Take Crypto Leads When this starts you're going to wish you bet your entire house on the market. Doge should reign supreme and come out as the Crypto King possibly seeing the lows of the current range that BTC was in (20k - 80kish). XRP should see at least $5600. More news at 6....
FYI After this crypto event you won't make money or get rich from crypto ever again. Not like this. It will all plateau for the next 30 years. We're going to see three 2017 runs in one month. literally like 20000X. For you smart ones, jump the rope. Don't be afraid to dip your hand in the pit (twice).
ITZYABOI
- Antizma
Doge surges to $5500 and XRP $450 to replace BTC as top cryptoThere are 3 billion in shorts waiting to push the button on DOGE. It should see $7 before all of them even notice its going up.
BTC should find its place around $200 and EGLD? Forget about it. Greed never wins
P.S. The answer is Christ 38189190000024
fyi
- Antizma
Unlocking Potential: 59.90% Probability for DOGEUSD ATH Bullish Fundamentals for Dogecoin
1. Increased mainstream adoption: More businesses and platforms are accepting Dogecoin as a form of payment, expanding its real-world use cases.
2. Growing community support: The Dogecoin community remains active and passionate, driving continued interest and development.
3. Potential technological improvements: Ongoing discussions about upgrades to Dogecoin's blockchain could enhance its functionality and appeal.
4. Positive market sentiment: As the broader crypto market shows signs of recovery, meme coins like Dogecoin often benefit from renewed investor interest.
Using Probabilities for Long Positions
I'm utilizing probabilities on my charts to get positioned into longs for DOGEUSD.
This strategy aligns well with my bullish bias on DOGEUSD, allowing me to capitalize on potential upward movements in a more calculated manner.
12M:
3D:
1H:
$DOGEUSD Can Dogecoin breakout from that descending wedge?CRYPTOCAP:DOGE Dogecoin is trading inside a descending wedge. The measured move for a wedge breakout is 16 cents.
See targets, support, and resistance levels in the chart.
As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
(LONG) Dogecoin getting ready to pump, like usually.If historic price action mean something dogecoin is getting ready to fly, you can see that especially on the weekly and monthly timeframes.
At naked eye you see it,
see even better if you plot fibonacci time zones, and some moving averages on the chart.
Imo with proper risk management is a good long opportunity.
PS: the orange vertical line is there bcause that's wen the price closed above my sma's, the blue line is there just bcause we're in august
Dogcoin - Short-term Bullish CampaignDogcoin had dropped all the way the last line of support at 0.0975. We believe that this is the end of the road for that last bearish cycle. Upside reversal is highly likely at this point. We're taking action with a new bullish campaign, targeting the next significant key-level resistance of 0.1080
Final Doge Conclusion and Trading PlanI've thought long and hard about this pattern. We've seen Doge play this pattern out several times before but not twisting space-time like it is. After a long and hard deliberation and study, I've concluded that in order for BTC and DOGE to close the circuit to the bottomless pit and meet at their numerical (human) zero values, their must be a huge elevation in volatility. Therefore I expect to see sides of both BTC and DOGE that we've never seen before and will only occur this one time because they were prepared for the circuit closing.
Some fundamental differences that I see with both DOGE and BTC:
1. BTC is not under its 6 month support zone, DOGE IS.
2. DOGE seems to have good support around the 8 - 12 cent region, BTC has no real psychological support until 3.5 - 4.5k.
3. Its going to be tougher for DOGE to hit its zero marker than BTC because there is so much support here. Therefore, its going to need to fall from a parabolic high in order to reach it.
This is a mid-term trading plan, after DOGE bounces off the .10 cent region again, its high is where the FOMO brings it. My guess is around $3. It'll then toppled quickly to its zero mark well below a penny. BTC should tap around the $200 region once again as well.
Note: I fully expect this to all take place before Trump wins the election this December. They're going to collapse the market so he has to fix the state of our country once again.
Happy trading and God bless you all.