DOGUSD trade ideas
DOGEUSD: This is the rally that will deliver $1.00Doge is neutral on its 1D technical outlook (RSI = 52.126, MACD = -0.009, ADX = 40.011), recovering from its prior oversold state and testing the 1W MA50 for the first time in 3 weeks. The current rebound is being made after touching the 1W MA200, which is technically the new long term bottom, similar with August 5th 2024 and October 9th 2023. As shown, this is a once in a year buy opportunity that aims for the 1.618 Fibonacci extension on the HH trendline. The trade is long, TP = 1.000.
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DOGEUSDBINANCE:DOGEUSD
โ Cup and Handle Pattern in Play! ๐
The chart is forming a classic cup and handle pattern, a bullish continuation setup that indicates potential for a strong breakout. Price has been rounding out the base, finding support at key moving averages, and could soon complete the handle formation.
๐ Key Observations:
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Strong accumulation phase
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Price holding above key EMAs
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Potential breakout confirmation ahead
If the pattern plays out, we could see a significant upward move. Whatโs your take on this setup?
Plan DOGE - spring sessionRight now, is probably a good moment to open short positions.
The price reached the level I was pointing to, just perfectly!
It's incredible how accurately rules, norms and relationships are working. I am amazed every time when see in action the power of the principle.
Hope you were in time to open short positions. My base scenario - I am anticipating Dogecoin at 0.118 - 0.085 USD now and well bounce after this. Be careful, we will have the reverse confirmations upon usdt.d consolidates above 5.20%.
Consolidation below 5% will indicate a massive uptrend continuation.
PS: one more important observation is - I had my doubts whether price could go out of trend, within 2 & 4 waves. Within this formation we see a strong test, but not a break (as of now). This shows that a simple forecasting tools are one of the most reliable.
DOGEUSD making a huge bullish break-out. Eyes 0.800.Dogecoin (DOGEUSD) broke today above the Lower Highs trend-line that started 2 months ago (on the January 18 High).
The natural Resistance remains of course technically the 1D MA50 (blue trend-line) but with the 1D RSI already trending upwards and the price rebounding from the recent low at the bottom of the 1-year Channel Up, we can already claim that the new Bullish Leg has already started.
If it makes just a simple repeat of the previous Bullish Leg (which during Bull Cycles every rally is generally more aggressive than the previous), it can top the Channel Up and make a Higher High at $0.800.
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Analysis of DOGE/USDT Chart (4H timeframe) โ March 24, 20251. Key Technical Signals:
Ichimoku Cloud: Price has just broken above the Ichimoku Cloud after a long consolidation phase, giving an initial bullish signal. However, the future Kumo cloud has yet to expand strongly.
RSI (14): The RSI is currently around 66.98, approaching the overbought zone (70), suggesting strong bullish momentum but also warning of a possible short-term pullback.
MACD: The MACD line has crossed above the signal line, confirming bullish momentum. The histogram has turned green, supporting the upward move.
2. Elliott Wave Scenario (shown on chart):
The chart is projecting a 5-wave impulsive Elliott Wave pattern with the following target levels:
Wave 1: around 0.32319 USD
Wave 2 (correction): around 0.28997 USD
Wave 3: targeting 0.37091 USD
Wave 4: slight correction expected
Wave 5: final target around 0.43 USD
3. Key Resistance Levels:
0.323 USD: strong resistance and Wave 1 target.
0.37 USD: next major resistance and Wave 3 target.
0.43 USD: projected Wave 5 top.
4. Volume:
Volume is gradually increasing in recent sessions, indicating that buying pressure is returning to DOGE.
Trend Outlook:
Short-term trend (1-2 weeks): Bullish - likely breakout towards 0.323 - 0.37 USD following the Wave 1 and Wave 3 targets.
Medium-term trend: If price holds above the 0.29 USD support after Wave 2 correction, the medium-term outlook remains bullish with a target of 0.43 USD.
Caution: RSI approaching overbought may result in a minor pullback near 0.323 USD before further continuation.
Recommendation:
Consider entering long positions if price breaks and closes above 0.18-0.19 USD resistance zone and clears the Ichimoku Cloud.
Take partial profits near 0.323 USD (Wave 1) and look for re-entry opportunities on the Wave 2 pullback.
Suggested stop loss: below 0.17 USD (recent consolidation low).
$DOGE - Bear Trap BuyReposting my analysis from 3/8 as it was delisted b/c I referenced a non-TV external account. Also, a disclaimer since I've quickly discovered that people like to chirp and demean ideas on TV:
This is an IDEA. I maintain bull and bear cases for every underlying I analyze. My opinion about an underlying can change exceedingly quickly based on price action and how price's evolution either confirms or violates TREND (I define trend scholastically, NOT inferentially). I also may have 1 directional opinion about a security's higher timeframe and an opposing directional stance about a lower TF. Markets are fractal. Any serious trader/analyst understands what I'm articulating. This business is NOT about predicting. It is about understanding participant psychology, order flow, statistical distribution, risk vs. reward, profit margin, and probabilities.
With that said, here's my post from 3/8:
This is a technical (supply/demand) setup and is not a fundamental endorsement for CRYPTOCAP:DOGE ownership. $DOGE/USD (and crypto more broadly) has declined markedly (~60%) from December '24 highs. Late last month, low-quality daily demand (0.2021-0.1853) produced a minor bounce. DOGE quickly found sellers in advance of the opposing 1D supply zone (0.2428-0.2615), though, and was rejected. DOGE/USD appears poised for further near-term downside, with the weekly RSI threatening the 40 level.
If DOGE/USD presses lower and trades < 0.1813, the next pocket of daily demand = 0.1700-0.1419. More significantly, DOGE has a well-formed weekly buy zone @ 0.1513-0.1280. DOGE/USD's intermediate-term uptrend is controlled by 0.0805 (low of the corrective segment 3/25/24 - 8/5/24). Trend-continuation buying is valid within the bounds of the corrective segment, which DOGE traded into in early Feb. Buys are supported by 78.6% and 88.6% Fibonacci retracement levels and, to a lesser degree, Anchored VWAP + 1W Bollinger Band lower bound (not pictured).
Given crypto's broader price action and bearish momentum, confirmation entries are recommended. Potential buyers, depending on risk tolerance, should reference intraday timeframes for trend reversal signals vs. "catching a falling knife". Should DOGE bottom, preliminary target (T1) would be in advance of weekly supply @ 0.2398-0.2874 (use LTFs to refine and ID smaller sell zones that could challenge a rally). Trading > 0.2874 sets the stage for higher prices, with T2 supply 0.3288-0.3648. If DOGE/crypto approach T2 prices with significant bullish momentum (reference RSI), we could see subsequent prints in excess of December's 0.4846 high.
As always, feedback's welcome. Godspeed!
JHart
Wait for DOGE to come to YOU!!!One more pullback awaits those
that are patient. Looks like ETH
will also have ONE MORE pullback
to 1500 dollars before we have
a nice rally in April-May. Sit back
and relax...let the price action come
to you and get your FIAT ready to
go ALL IN if we hit .12 cents!!!
OH HELL YEAH BABY!!!
DOGEUSD preparing the final rally to $1.00Dogecoin / DOGEUSD has hit this month and so far holding its 1month MA50.
This Cycle isn't that different from the previous two, although it is naturally a not as aggressive as the market has matured.
According to the 1week RSI, the market is at the bottom of the final Bull Cycle pull back before the final rally for the Cycle Top.
We expect it to reach at least $1.00 by the end of this year.
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Dogecoin - New All Time Highs Will Come!Dogecoin ( CRYPTO:DOGEUSD ) still remains bullish:
Click chart above to see the detailed analysis๐๐ป
If you look at the chart above, you can see almost only green mark ups. That's because despite the recent drop, Dogecoin remains in a very bullish market and is overall clearly heading higher. If this break and retest now plays out, we will even see new all time highs in the future.
Levels to watch: $0.2, $0.5
Keep your long term vision,
Philip (BasicTrading)
DOGEUSD: This is why it can go to $2.00Dogecoin is bearish on its 1W technical outlook (RSI = 41.068, MACD = -0.006, ADX = 51.882) as it's trading under the 1W MA50. It did find however support on the 1W MA100 and that reminds us of the August-September bottoming period, which served as accumulation for the market, giving way to the post U.S. election rally. This chart shows DOGE's three Phases of Growth of the current Cycle. As the 1W MA100 holds, we have succesfully completed Phase 2 and have started Phase 3, which is technically the most bullish. The last Phase 3 topped a little over the 2.0 Fibonacci extension of Phase 1 bottom. This implies that a $2.00 TP by the end of Q3 is a technically achievable price.
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DOGE RUN IS OVER! TAKE PROFITS OR HOLD YOUR BAGS TILL 2025!Its clear that the doge run is pretty much over. DOGE is headed back down to $.05 and possibly lower over the next few years to maybe below 1 cent, till the next potential crypto run around 2025. These little pumps from Elon and friends is all just a joke so they can empty their bags and have the liquidity to do it while everyone else is buying in to these hypes. I said this weeks ago if you look at my other chart that this thing needs years to consolidate and correct. It outpaced the market in its run and went straight up and in this market anything that goes straight up comes straight down. Also there is no use case and DOGE is not being used, this is all a hype run and a get rich quick pump and dump. Once the rest of the market starts the next run up DOGE may have a bounce but only in dollar value as everything is pegged to Bitcoin but its BTC/DOGE ration will fall. If you believe in the tech then hold your bags and stop looking at the price. If you are just trying to make some money then this may be the time to get out and take profits if you haven't already or cut your losses if you bought in at the top. Good Luck.
If you have any questions or just appreciate this idea then leave me a comment. Follow me for frequent updates as well and if you have a chart you would like me to look at then let me know. Thank you all and good luck.
NOT FINANCIAL OR TRADING ADVICE JUST MY OPINION.