DOGSUSDT trade ideas
DOGS Analysis==>>Inverse Head and Shoulders PatternsOne of the tokens that has been trending for the past few days is the DOGS token . Did you participate in the DOGS Telegram project or not? Do you still have your tokens or have you sold them?
The DOGS token is moving near the Support zone .
Regarding classic technical analysis , it looks like DOGS is forming an Inverse Head and Shoulders Pattern .
Also, Regular Divergence(RD+) can be seen between the two shoulders of the Inverse Head and Shoulders Pattern .
I expect DOGS to rise to at least the Resistance zone again after breaking the Resistance lines . And if this zone breaks, we can expect DOGS to increase to at least $0.00129 .
DOGS Analyze (DOGSUSDT), 1-hour time frame⏰.
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DOGS price is heading into the buying area: analysisDOGS token has been trending for the past few days while the price has remained within a consolidated range.
After the pullback soon after the launch, the DOGS price began to closely consolidate within a range, indicating less interference of both bulls and bears. However, the token has held the local support at $0.001 tightly, which has kept the bullish hopes alive. Therefore, the DOGS price is believed to maintain a horizontal consolidation for a while and initiate a fresh rise beyond $0.00117 in the next few hours.
The DOGS price remains consolidated above the crucial support zone between $0.00098 and $0.000998, as the bulls have held above $0.001 at the moment. Meanwhile, the MACD suggests an equal participation of bulls and bears as the RSI remains elevated. Once either of the bulls or bears faces exhaustion, the rally is expected to demonstrate a relevant move. Hence, the DOGS price may hit the local support, attracting decent buying volume, which may further trigger a rise to the local high at $0.0011.
Once bulls hold these levels, then a rally to previous highs beyond $0.014 initially and later at $0.16 could be imminent.
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From the point of view of price action, it is in a descending channel, it has hit the channel ceiling for the third time, and now it is ready to fall to the bottom of the hypothetical channel, and after the third hit with the channel floor, within the specified limits, if confirmed simultaneously on the market, you can enter the price Invest in the specified areas and professional traders can also get into the attractive long futures market with the divergence that will happen in that area.
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Dogs looks ok as long as it stays above 0.0009941. It's followed my paths down a played off of my levels down, which remain reactive. The price action is still printing lower highs and lower lows. A 3-wave move down to the last pivot suggests the correction may not be over yet. For the bullish case to strengthen, the move up needs to stay intact, no break of the low, and break 0.0011390 to challenge the current Elliott wave outlook.
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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
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