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Dogecoin / Tether USD on BSC (0x89da4102853C6cf3F4e9979CBb1dC4a166F38E84)

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DOGEUSDT_89DA41 trade ideas

Dogecoin’s Bearish Pennant: Key Levels to Watch for!Overview: Dogecoin (DOGE/USDT) is forming a bearish pennant, a continuation pattern often signaling further downside after a strong prior move. The price is currently trading at $0.4275, consolidating below a key resistance zone. This setup suggests potential bearish momentum if the pattern resolves to the downside. Key Observations: 1. Bearish Pennant Formation: • DOGE has consolidated into a tight range after a sharp prior decline, forming a classic pennant structure. • The upper boundary of the pennant lies near $0.4400, which is the critical resistance level. 2. Critical Resistance – $0.4400: • A 4-hour close above $0.4400 will invalidate the bearish pennant and may trigger bullish momentum. • Buyers are likely to gain confidence if the price breaks and holds above this level. 3. Downside Targets: • If the pennant resolves downward, the measured move projects a potential drop towards the yellow line near $0.3800, aligning with the next significant support zone. • Additional support levels are identified at $0.4000 and $0.3850 before reaching the yellow zone. 4. Volume Profile Analysis: • Decreasing volume within the pennant indicates reduced participation, a characteristic of the consolidation phase. A breakout (up or down) is likely to be accompanied by a surge in volume. Scenarios: Bearish Resolution (Most Likely): • Action: The price fails to break above $0.4400, leading to a breakdown below the pennant’s lower boundary. • Confirmation: A 4-hour close below $0.4150 confirms the bearish breakdown. • Targets: • First Target: $0.4000 • Second Target: $0.3850 • Final Target: $0.3800 (yellow line and key Fibonacci level). • Stop Loss: Above $0.4400 (invalidation level). Bullish Invalidity: • Action: The price closes a 4-hour candle above $0.4400, invalidating the pennant structure. • Next Levels: • Immediate target: $0.4600 • Extended target: $0.5000 (overhead resistance zone). Dogecoin is at a critical juncture, forming a bearish pennant that suggests a potential move lower. Key levels to monitor are $0.4400 (resistance) and $0.4150 (support). A breakdown below the pennant’s support would target $0.3800, while a breakout above $0.4400 invalidates the bearish outlook and opens doors for bullish momentum. Watch for volume to confirm the breakout direction.
Short
by MastaCrypta
DOGE king of memcoins!Hello everyone, I invite you to review the DOGE chart, as we can see, the price has bounced perfectly from the strong resistance at the level of $0.48, which is at the so-called Fibonachi golden point (0.618), only when it breaks out of it the upward trend will move towards the level of $0.59 , only when it is overcome will the path towards the last peak at the level of $0.73 open. Looking the other way, you can see support at $0.38, which kept the price on the correction. However, if this support is broken, we could see a drop to the strong support zone from $0.26 to $0.21. It is worth looking at the RSI indicator, which shows how high we are, which could indicate an upcoming recovery, but we are in a bull market and the inflow of capital may trigger an upward movement again.
by cryptodailyuk
DOGE/USDT Long Setup: Breakout and Trend ContinuationThis trade setup for DOGE/USDT highlights a bullish continuation opportunity. The price is consolidating above the key support level, with Ichimoku indicators signaling an ongoing uptrend. A breakout above the recent high supports the bullish bias, targeting the resistance zone near $0.6990. The stop-loss is set below $0.3560, ensuring risk is managed effectively. This setup aligns with the overall market structure, indicating strong momentum and trend continuation potential.
Long
by aaronkaltman
Two Bullish Patterns Hint at Major Rally for DogecoinIn the 2-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a H&S . If either of these patterns breaks, the price of Dogecoin can reach around 50 cents. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
DOGE is going to the moon! In my opinion, this coin has strong growth potential and could rise to one dollar next year. Technically, in the 2-hour time frame, we see the formation of a flag pattern within an ascending channel, which can be a strong signal for a price increase, provided that the flag pattern breaks out. previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
DOGECOIN ( 0.55$ ) is uploading Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Dogecoin, 📚💣 We are likely to witness a 37% rise in the coin’s price soon, though short-term bearish movements or consolidation phases could occur before the major uptrend. These patterns are often seen before a significant surge. 💡🙌 To better manage these fluctuations, I’ve highlighted key support levels using Fibonacci retracements. Recently, the coin surpassed several long-standing resistance levels, signaling an important shift. 💡📚 This is a key development, as the coin gains momentum with higher trading volumes and growing social media influence. 💡🎇 🧨 Our team's main opinion is The coin is poised for a 37% price increase, despite potential short-term fluctuations, as it gains momentum with key support levels and increasing market influence.🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
30