DOGSUSDT trade ideas
DOGS → the first analysishello guys.
it is a new coin and we have a lack of data.
Falling Wedge Pattern: Price has broken out of a falling wedge pattern, typically a bullish reversal signal.
Immediate Support Zone: Around the $0.0009864 level. A break below could lead to further downside.
Resistance Levels:
First Resistance: At $0.0011000; a break above could signal a move to the next target.
Key Resistance: At $0.0012655; if this level is breached, it could lead to a stronger bullish move toward $0.0014500.
Bearish Scenario: If the price breaks below the $0.0009864 support, it could drop further to the $0.0008177 level.
RSI Indicator: Shows a potential divergence, indicating a possible bullish reversal.
Outlook: Neutral, with a slight bullish bias if the price holds above the support and breaks key resistance levels. A drop below the support could turn the outlook bearish.
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DOGS BUYDOGS/USDT Analysis: Hourly Timeframe 📊
The chart shows DOGS/USDT on an hourly timeframe with Buy and Sell forecast signals. Let’s analyze the upcoming opportunities based on the green and red lines:
🟢 September 8, 2024, 09:00 PM - Buy Date (Green Line):
This marks a local bottom, suggesting a favorable moment to accumulate long positions in DOGS. The price is expected to decline leading up to this point, creating good buying conditions.
🟥 September 9, 2024, 03:00 PM - Sell Date (Red Line):
This represents a local peak, indicating an ideal moment to take profits or tighten stop-losses as a price correction may follow shortly after.
🟢 September 12, 2024, 08:00 PM - Buy Date (Green Line):
Another local bottom forecasted for this date, offering another opportunity for long positions in DOGS.
🕒 Note: All times are based on Los Angeles time (UTC -7). There may be a possible margin of error of 1-2 candles depending on the timeframe. Cross-reference this analysis with higher timeframes for a more comprehensive market understanding.
One More Down Before Any New Bullish Move📉 Clear Bear Flag Formed At The DOGS Chart And I Named It As a Wave 4 From C And Currently The Price Pullback Below The Broken Trend Line And Playing At The Wave 5 From C As a Final Drop, So I Expect a Breakdown From 0.097$ Support Toward a 0.0865$ Area In Near Future
What will happen to DOGS?As you know, there is not much data available from DOGS and it cannot be analyzed accurately, it is not clear how far the DOGS symbol will drop in terms of price, but DOGS can be analyzed in terms of time.
Before anything, pay attention to the time frame, the time frame is 1H.
When we put the red arrow on the chart, it seems that the DOGS bullish pattern has ended and the bearish pattern has begun.
A bullish pattern lasted for 5 days and 20 hours, and a bearish pattern is expected to take the same amount of time.
Until the date of the vertical line we have marked on the chart, the DOGS correction is expected to continue.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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Bull Thesis:
Five-Wave Structure: A completed five-wave structure labeled as wave (5) suggests a possible end to the correction, followed by a potential bullish impulse.
ABC Correction Completion: The corrective ABC pattern seems to be nearing its end, indicating the possibility of a trend reversal upwards.
Support at 0.0010845: The chart shows significant support around 0.0010845, which could serve as a base for a potential rally if prices hold above this level.
Bear Thesis:
Price Target of 0.0009633: The chart indicates a downside target of 0.0009633, showing potential bearish pressure if the current support levels are broken.
Rejection at Resistance: If the price fails to break above the highlighted resistance areas, a deeper correction could occur, pushing the price down towards the lower support levels.
Strong Resistance Zone: The area around 0.0011732 acts as a strong resistance, and repeated failure to break through could lead to a bearish reversal.
In summary:
Bullish if prices can break through key resistance at 0.0011732 and 0.0010845 and convert them to support
Bearish if prices fail at resistance 0.0010845 and breaks lower towards the 0.0009633 target.
Trade Safe,
Trade Clarity.
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Bull Scenario:
Break Above Resistance: If the price successfully breaks and holds above the 0.0010845 level, it could trigger bullish momentum.
Target Levels: Bulls would aim for higher levels, with potential targets around 0.0012 and 0.00125.
Higher Highs and Higher Lows indicates the trend at the smaller degree is up at the moment.
Bear Scenario:
Rejection from Resistance: If the price continues to reject from the 0.0010845 resistance, it could fall toward key support levels.
Downside Targets: Bears would aim for the first support at 0.0009999 and then the next level at 0.0009741.
Trend Continuation: Breaking the Lower Lows could lead to continuation of the down trend at the higher degree.
Trade safe,
trade clarity!
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Hello everyone,
Let's analyse DOGSUSDT !!
#DOGSUSDT Broke out of falling wedge.
Entry: $0.0009988 to $ 0.0010366
SL: $0.0009611
Targets:
$0.0011612
$0.0013114
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Happy Trading!!
Breaking the downtrend lineDOGS has broken out of its downward wave from the top and is currently positioned at two key support levels, 0.00102 and 0.00096. A pullback is likely in this area, after which an upward movement toward the defined targets and resistance levels is expected. It is recommended to add this cryptocurrency to your watchlist and monitor its progress closely.
Dogs / Usdt BINANCE:DOGSUSDT
The price movements of Dog (DOG) relative to certain resistance levels and making predictions based on current and potential future price actions. Let's break down your analysis:
1. **Current Price and Resistance**:
- The current price of DOG is 0.001081.
- The immediate support level you mentioned is 0.001002.
2. **Resistance Levels**:
- The next resistance level is 0.0011400.
- Additional resistance levels are at 0.001200 and 0.001345.
3. **Price Action Prediction**:
- If DOG holds above the support level of 0.001002, it could potentially break through the next resistance level of 0.0011400.
- If it breaks through and holds, it might continue to test higher resistance levels at 0.001200 and 0.001345.
4. **BTC Influence**:
- You also noted that if Bitcoin (BTC) holds its current level or experiences a pump, it might positively influence DOGs price.
**Important Note**: While analyzing resistance levels and potential price movements can provide insights, it’s crucial to remember that cryptocurrency markets are highly volatile and influenced by numerous factors. This type of analysis is speculative and should be combined with broader market research and risk management strategies. Always do your own research. This is Not Financial Advise . If You Lose Something its Your Fault .
$DOGS is forming Falling Wedge pattern!🚨 SEED_ALEXDRAYM_SHORTINTEREST1:DOGS is nearing the apex of a Falling Wedge pattern on the 1H chart, a setup often indicating a potential bullish breakout.
📈 Entry Point: CMP
🎯 Targets: $0.00120, $0.00140, $0.00160, $0.00200
🔄 Trading Options: SEED_ALEXDRAYM_SHORTINTEREST1:DOGS is available for trading on both spot and futures markets. You may consider entering a position on the spot market or going long in futures. A stop-loss at $0.00098 is recommended to manage risk.
📊 About SEED_ALEXDRAYM_SHORTINTEREST1:DOGS :
SEED_ALEXDRAYM_SHORTINTEREST1:DOGS is consolidating within a well-defined falling wedge pattern. A breakout above the upper trendline could trigger a strong upward move, with potential to reach the target levels.
📢 DYOR, NFA
#Crypto #DOGS
DOGS long setup / Bulls or Bears, Tell me in CommentsBINANCE:DOGSUSDT
GATEIO:DOGSUSDT
Hello Traders
💥Long position on DOGS
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.001097
0.001125
0.001158
0.001190
0.001221
0.001263
🔴SL:
0.00100
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
DOG Showing Early Signs of Potential 50%+ UpsideDOG has been in a prolonged downtrend, but is beginning to show signs of bullish potential. Recent price action and indicators suggest a possible shift, though the momentum is still in its early stages. While it's too soon for full confirmation, there are mildly optimistic signals pointing toward a potential upward move. Caution is advised as we wait for further validation