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Dodgecoin

Dogecoin (DOGE/USD) Technical AnalysisFormation: The DOGE/USD pair has formed a rising wedge pattern on the daily chart, indicating a consolidation with an upward bias. Ichimoku Cloud: The price action remains above the Ichimoku cloud, signaling a bullish presence. The Tenkan-sen (turning line) has sustained above the Kijun-sen (standard line), maintaining a bullish crossover. Fibonacci Retracement: The retracement levels anchor at recent swing high and low points. The currency has tested and rebounded from the 38.2% retracement level at approximately $0.17337, suggesting a possible support level. Moving Averages: Price candles continue to trade above the critical 9-day and 26-day Exponential Moving Averages (EMAs), which act as dynamic support levels. The bullish crossover of these EMAs signifies a positive trend. Volume: Recent volume bars show a decline during the consolidation phase, which may indicate a lack of commitment from either bulls or bears, hinting at potential volatility ahead. Relative Strength Index (RSI): The RSI is hovering around the 60 level, suggesting a strong momentum without immediate overbought conditions. Support and Resistance Levels: Immediate resistance is seen near the upper trend line of the wedge, while support levels align with Fibonacci retracement markers and the 50-day EMA. Market Sentiment and Outlook: The market structure for Dogecoin against the USD suggests a cautious bullish outlook as the price navigates within the confines of a rising wedge. Traders should be vigilant for a potential breakout or breakdown from this pattern. The confluence of technical indicators leans towards an optimistic sentiment, but the diminishing volume warns of reduced conviction and the possibility of a trend reversal. Given the current position above the Ichimoku cloud and EMAs, alongside the RSI not signaling overextension, the immediate trajectory favors the bulls. However, a close watch on the volume and any bearish divergence on the RSI could foreshadow a change in the tide. Trade Strategy: Bullish Scenario: A decisive close above the wedge may accelerate gains, with targets at the next Fibonacci extension levels. Bearish Scenario: Should price break below the wedge and the cloud support, a reevaluation of bullish commitments would be necessitated, with potential short opportunities down to the next significant support levels. Risk Management: Traders are advised to employ rigorous risk management protocols, setting stop-loss orders below the rising wedge's lower trendline or the most immediate support level to mitigate potential downside risks. As always, this analysis should be incorporated into a comprehensive trading plan that considers broader market conditions, news, and fundamental analysis. Monitor for any shifts in market sentiment or macroeconomic factors that could impact volatility and price action. Conclusion: Dogecoin’s technical posture offers a cautiously optimistic outlook for the near term, backed by a series of bullish technical indicators. Nevertheless, traders should remain agile, responding to price action cues and volume changes, as the dynamics within the confines of the rising wedge pattern unfold.
COINBASE:DOGEUSD
by AxiomEx
MEMECOINS TO THE MOON ?! 0.0005$ FLOKIUSDT COMING !!!Hi Guys! Before starting the analysis, I want to say two things First of all , because I am not a premium user, I have to analyze in higher time frames , which of course has a lower percentage of errors , but it is more difficult to understand! Second , I personally am not interested in meme coins and I don't think they are very predictable based on the price chart. Well, to predict the price behavior of BINANCE:FLOKIUSDT and most of these meme coins I think the first point is to wait until the weekly candle closes and make your decision then . The first scenario is that the price will break the specified resistance area in the range of 0.00004 to 0.000045 with power and momentum, and the next candle will open completely above the broken resistance. In this case, for a low-risk buy position, we wait for a pullback at the broken Resistance and make our Buy there. In this case, our Stop loss will be activated below the broken resistance. The second scenario assumes that the upward trend of the market will be maintained, especially for Bitcoin . If the price is rejected from the specified resistance and returns to the previously broken trend line, in this case, the low-risk buy position is at the pullback point to the broken trend , and in this case, the stop loss is activated at a price of 0.000015 to 0.00002. And The price targets are specified in the chart as follows Short-term TP 0.00007 Mid-term TP 0.00011 / 0.00022 Long-term TP 0.00030 And in case of parabolic price movement, maybe up to 50 times prices (very, very low probability)
Long
by OdinSights
6
Shib Inu Price Analysis On the Daily Chart :)Good day everyone! Here is my Technical Analysis for Shib Inu on the Daily Chart.\ Shib just broke out of the resistance zone shown on the Ichimoku CLoud. It NEEDS to break through the 00001149-00001210 LVL In Order to continue on to the upside. If we break and hold this support then we will head up to the .00001308-.00001365 LVL . Then the .00001560- .00001869 LVL From here! Good luck out there guys and remember don't get REKKDD trading leverage.
by owenNations
6
DODG - Golden Cross! DODG daily chart with a recent Golden Cross. A potential break-out is on deck which - looking very bullish for the dogecoin. Fisher (DW) trending bullish and looking similar to the big run up in early 2021. Price is getting support from the 50-day MA, MFI trending bullish, and the RSI is currently still above 50. Also, lots of high volume support at/near the current price from the 2021 run-up. OBV remains pegged on longer term timeframes. Good low risk entry. Adding a little more now - and will look for an actual breakout and confirmation to add more. Scalp trade. NFA.
BITTREX:DOGEUSDLong
by Akksujean
2
DODG - just maybeLooks like DODG may be getting closer to finally moving back to the upside. Volume profile is bullish and looks like significant accumulation has been occurring since around late June of 22. Selling appears to have all but completed dried up. Price is moving/staying away from the center line of the longer-term regression trend signaling that the downtrend may be over/ending. Bollinger Bands width staying super low for over a month on the daily signaling a decent move could be in the works, and the OBV showing that the extended drop in price of DODG has not resulted in longer-term holders giving up/selling this coin. With significant support in this price range from early 2021 (that has been tested many times now) I expect DODG could begin moving to the upside again. Obviously the macro picture may have other plans for all of us, so just nibbling here and waiting/watching for further confirmation... NFA.
BITTREX:DOGEUSDLong
by Akksujean
3
FED meeting coming soonLooks like the market needs to bounce up and fill some gaps before coming back down. not even going to lie to you . I just looked at some charts and it shows we recovered from 2002 to 2008 and then crashed like hell. Now its 2022 and then what do you expect is going to happen next? Obviously its a pattern . Even though this is the highest the SPY has ever been . what you need to pay attention to is that the last time they dollar was this high it was June 2 2002. do you get what Im saying now? Prepare for a ride up shortly . I have calls I knew to place puts at 385 and also to have calls at anything below 384. It was so obvious. They priced in the rates last week. the rates don't really matter aswell they already know what they are going to do. its just us that haven't heard it from them yet. Its CHESS not checkers
AMEX:SPY
by Courtneyd
3
Bear Flag Short Squeeze Breakout on WeeklyFocusing on a breakout from Wave A to B leg (short zone i'm monitoring).. You'll see we've arrived at an apex w/ upward buying pressure to test B leg, which will act as resistances (see Wave 2).. I then see further decline to around $0.05-$0.04 cents which will act as the next leg of possible support. However, doge still follows Bitcoin .. short term long, followed by short term bearish sentiment... I see this playing out over the next 6 months to 1 year
COINBASE:DOGEUSDLong
by moneyflow_trader
Dogecoin prepares for A major move.Dogecoin was trading slightly higher on Saturday in continued consolidation after volatile sessions earlier in the week, where the crypto spiked up over 21% on Tuesday before falling 17% on Wednesday. Another smaller surge on Friday saw Dogecoin rise over 7% off the 24-hour opening price. The consolidation on Saturday was taking place within Friday’s trading range, which has settled Dogecoin into an inside bar pattern on the daily chart. An inside bar pattern is usually followed by a continuation move in the direction of the current trend, but in Dogecoin’s case the recent volatility has clouded the crypto’s implied direction. An inside bar pattern has more validity on larger time frames four-hour chart or larger. The pattern has a minimum of two candlesticks and consists of a mother bar the first candlestick in the pattern followed by one or more subsequent candles. The subsequent candles must be completely inside the range of the mother bar, and each is called an inside bar. A double, or triple inside bar can be more powerful than a single inside bar. After the break of an inside bar pattern, traders want to watch for high volume for confirmation the pattern was recognized. Bullish traders will want to search for inside bar patterns on stocks that are in an uptrend. Some traders may take a position during the inside bar prior to the break, while other aggressive traders will take a position after the break of the pattern. For bearish traders, finding an inside bar pattern on a stock that's in a downtrend will be key. Like bullish traders, bears have two options of where to take a position to play the break of the pattern. For bearish traders, the pattern is invalidated if the stock rises above the highest range of the mother candle. Dogecoin’s inside bar pattern is neutral because although the month-long trend is bullish, the most recent action indicates a number of failed break-outs, which has resulted in bull traps. Traders and investors can watch for a break up or down from Friday’s mother bar later on Saturday or on Sunday to gauge future direction. Over the past 24-hour trading sessions, Dogecoin has printed a quadruple bottom pattern just above the 14-cent level, which is bullish. The price action at that level indicates bulls are coming in to defend the area as support by buying the crypto. If bullish volume comes in over the next couple of days to indicate the quadruple bottom has been recognized, Dogecoin is likely to shoot up higher. On Saturday, Dogecoin was trading sideways on lower-than-average volume, which further indicates consolidation. By early afternoon, Dogecoin’s volume was measuring in at just about 66 million on Coinbase, compared to the 10-day average of about 446 million. Dogecoin is trading below the eight-day exponential moving average but above the 21-day, which is helping to support the crypto. Dogecoin bulls will want to see the crypto regain the eight-day EMA as support, which will happen if there’s a bullish reaction to either the quadruple bottom pattern or the inside bar formation. The crypto has resistance above at $0.146 and at 16 cents, and support below at 14 cents and the $0.135 mark.
COINBASE:DOGEUSD
by AxiomEx
Dogecoin Moves LowerDOGE traded lower along with other major cryptocurrencies as the global cryptocurrency market cap fell 2.5% to $2 trillion at press time.On Tuesday, DOGE and other major coins traded muted after a surge in their prices earlier in the week. Bitcoin’s price tumbled after the U.S. Department of Justice seized $4.5 billion worth of cryptocurrency stolen during the 2016 Bitfinex hack. It was also reported on Tuesday that a major Binance Coin BNB whale acquired 9 million DOGE, worth over $1.41 million. In order to see a continuation towards the upside DOGE should advance above and hold some strong resistance levels as shown on my chart, currently the EMA50 (yellow), the descending trend line dating back to October 28th (purple) and finally would be ideal to see a break from our daily clouds(red).
COINBASE:DOGEUSD
by AxiomEx
2