DOGEUSDT.P | 2 Demand AreasThe 2 regions I indicated with the blue box can work as demand regions. It would make sense to buy from both. The low time interval reaction after falling into the box can also be a trading opportunity.
The price made a deviation above this range and with a movement of 8%, I would not be surprised if it wicks the box below and rises.
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DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
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Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
DOGE-1
DogeCoin To New ATHIn this analysis, we will discuss Dogecoin on the weekly chart and how it is nearing the formation of a new high. On the daily chart, this move may not be as clear, but when we zoom out, it becomes evident that liquidity has been swept from the previous high. Now, the chart is undergoing a retest, shaking out as many traders as possible before making a strong move to break its high.
Follow this analysis closely to stay ahead of Dogecoin’s potential breakout! Don’t miss updates on key levels and critical moves—make sure to check out my TradingView ideas for more insights.
Analyzing Dogecoin Futures Open Interest: What Does it Mean ?Dogecoin (DOGE), the memecoin that captured the world's imagination, has seen its future open interest reach an all-time high. This metric, which measures the total number of outstanding futures contracts, is often used as an indicator of market sentiment and potential price volatility. While this development might seem bullish at first glance, it could also be a warning sign for DOGE's price trajectory.
What Does High Open Interest Mean?
A high open interest in futures contracts indicates increased speculative activity around a particular asset. In the case of Dogecoin, this suggests that traders are taking significant positions, either long or short, on the cryptocurrency's future price movement.
On one hand, high open interest can be a bullish sign. It could mean that there is strong demand for Dogecoin, and traders are betting on its price to rise. However, it's important to consider the other side of the coin. High open interest can also indicate a potential for increased price volatility, as traders may be more likely to take profits or cut losses, leading to sharp price swings.
The Role of Elon Musk and Memecoin Momentum
Dogecoin's popularity has been significantly boosted by the support of high-profile figures like Elon Musk. Musk's tweets and endorsements have often sent the DOGE price soaring, attracting new investors and driving a speculative frenzy.
Moreover, the broader memecoin market has been experiencing a period of outperformance, with many memecoins recording significant price gains. This trend has further fueled interest in Dogecoin and contributed to its price rally.
Is a DOGE Price Top Imminent?
While the recent surge in Dogecoin's price and the all-time high in futures open interest are undoubtedly exciting, it's crucial to remain cautious. Several factors suggest that a price top might be nearing:
• Overbought Conditions: Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) may be signaling overbought conditions, suggesting that the price may be due for a correction.
• Profit-Taking: As the price of Dogecoin rises, traders who have made significant profits may start to take some of their gains off the table. This selling pressure could lead to a price decline.
• Regulatory Uncertainty: The regulatory environment for cryptocurrencies remains uncertain, and any negative regulatory developments could have a significant impact on Dogecoin's price.
• Market Sentiment Shifts: The cryptocurrency market is highly volatile, and sentiment can shift rapidly. If investor sentiment turns bearish, it could lead to a sharp decline in Dogecoin's price.
Conclusion
While the high open interest in Dogecoin futures is a noteworthy development, it's essential to approach it with a balanced perspective. While it could indicate strong demand and potential for further price appreciation, it also highlights the increased risk of price volatility. As with any investment, it's crucial to conduct thorough research and consider the potential risks and rewards before making any decisions.
Investors should be mindful of the potential for a price correction and avoid making impulsive decisions based on short-term price fluctuations. A long-term investment approach, coupled with a solid understanding of the underlying technology and market dynamics, maybe the most prudent strategy for navigating the volatile world of cryptocurrencies.
DOGE: The Last Push to Glory?I’ll be bidding below 35c for one last push, with a chance of a retest into 32c. If this fails, then it will likely drop straight to 28c, where I’ll be looking to buy, but that’s for another trading setup.
I’m expecting another week of green, with BTC approaching 103k. We should have more data by Tuesday, depending on whether it manages to close with a daily expansion bar on Monday or Tuesday.
Buying the breakout will also be a valid strategy here. CRYPTOCAP:DOGE
MUMU #meme #cryptoThis chart highlights a bullish trend with higher lows , reinforcing an ascending channel structure. Blue arrows point to successful support retests, confirming a strong uptrend. The potential target is marked by the resistance line, projecting an 89.90% price increase. Current conditions favor further upward momentum within the channel.
BTCUSD path to 200 000 USD weekly chart overview🔸Hello traders, today let's review weekly price chart for BTCUSD .
going into BTC halving event later in April bulls still maintain control,
having said that, we are closing on on the danger zone, which is
defined by 75 000 - 100 000 usd, so let's review the primary scenarios
for bitcoin prices going forward. No nonsense overview, no dinosaurs,
NFTs, super mario patterns, etc, just pure price action. Let's dive into it!
🔸Looking at the weekly price chart (log scale), bitcoin is trading
in well-defined bullish channel since 2018 on weekly timeframe.
We got a confirmed/strong sequence of higher lows / higher highs,
which is a clear definition of an ongoing uptrend. Prices are projected
to appreciate further, however there are two possible outcomes/scenarios
going forward, so let's review them.
🔸SCENARIO1: uptrend resumes without any reasonable pullbacks,
which will catch a lot of traders off guard, generate strong momentum
and FOMO and BTC then will be projected to hit a final target near
200 000 USD by end of 2024. This is one of the options, definitely, however
traders should be aware of the high danger zone, we are closing in
on it right now - 75 000 - 100 000 usd - high risk of pullback/reversal.
🔸SCENARIO2: after halving initially we get solid gains / BTC pumps
into high danger zone on decent / strong volume, however once we
hit near 75 000 - 100 000 usd momentum fades / dies off and we start
to top out on weekly price chart with heavy sell-side wicks and
bulls eventually lose control near 100 000 usd and then we proceed
into pullback/correction mode. It's possible that we lose up to 50%
of the recent gains in the ongoing correction, based on the weekly
price chart logical/next higher low might be printed near 35/40K.
🔸Bottom-line/recommended trade setups: if you are already
a long-term holder and bought low near 20 000 usd, you should
definitely keep holding and ride out the volatility, as the price
target at 200 000 USD is still very reasonable / possible within
12-24 months. If you bought recently anticipating massive gains
post BTC halving you should be very careful and watch out for
potential reversal near Danger Zone. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
DogeGov Parabolic Thesis from Largest Whale HolderWhales are loading up here in the blue zone.
Next Major TP:
Heartline (red line) in center of the green zone is the next target which is anywhere between $0.75 and $2.00 by Dec 1st.
Whales are loading up if you look at onchain metrics. Much larger orders coming through more frequently - several $10-20k purchase blocks.
Some early whales are selling from the previous ATH - this is healthy and necessary if we are to make a new ATH.
Largest whale Unipcs just bought $200k more a few days ago and continues to hold nearly 34 million DogeGov tokens or nearly $8M USD.
Parabolic Whale Thesis
Here is a link to his parabolic thesis in DogeGov also pasted below - Link
i'll give you a simple, straightforward answer first before going into a longwinded essay on why I'm still bullish:
i bought an additional $200k worth of D.O.G.E today
this is despite my public wallet being the biggest holder with $8 MILLION+ worth of tokens
i bought more not only because i genuinely believe that this is one of the biggest memecoin narratives to emerge this cycle
but also because the current price action is very bullish
many lose generation wealth on memecoins because they expect memecoins to simply pump to billion dollar caps in a straight line
not only does it rarely work that way, but it's bearish if a new memecoin keeps pumping without pullbacks because you're going to have a lot of people who suddenly have a lot of wealth and have never seen their memecoin experience a real pullback
so when they get the first real pullback they start dumping and it becomes a race to the bottom and there is almost no support for the token
the best and healthy way for a memecoin to grow is to have explosive pumps followed by deep pullbacks followed by more explosive pumps while making new highs
and that's exactly what's happening with D.O.G.E
i'll share some data to better illustrate my point:
- D.O.G.E has pumped 6,000% in the past month alone. that's A LOT of pumping and a bit of healthy correction is needed before the next aggressive leg up, which is what's happening right now
- its holder count has doubled in the past week alone, which means a lot of new users are replacing those that are exiting
- it has consistently been among the most traded token on the Ethereum chain in the past month. it is often the #1 traded token on the chain
- it is currently the #2 most traded token on Ethereum & second only to CRYPTOCAP:PEPE which is a $9 billion memecoin. it also has more total unique on-chain holders buying it than any other token in the top 5. that's incredibly bullish as this volume shows strong demand from users
- large wallets that are exiting are rapidly being replaced by smaller wallets which shows strong appetite for the token among small holders/retail who will keep evangelizing it
at the end of the day, whenever many hear about my story of turning:
- $16k to $18,000,000+ on CRYPTOCAP:BONK at peak
- $6k to $1,000,000+ on CRYPTOCAP:WIF at peak
- a lot of other smaller figures to 7 figures or an insane amount of Xs on other memecoins
they assume that doing this is a cakewalk
it isn't!
often i need to hold these assets for months through periods of 50 - 90%+ pullbacks before i achieve these insane gains
don't forget that i first started screaming about D.O.G.E around $6m - $9m market cap just 2 months ago
it experienced a small initial 'Unipcs pump' at the time which then gradually fizzled out as the moonbois chasing a quick pump got out shortly after and many thought it was done
yet i kept buying and screaming about it because i saw that the narrative and on-chain metrics favor an aggressive and explosive move for the token
many ignored it because they thought it has no legs and now at $280m they wished they had bought earlier
and at SEED_TVCODER77_ETHBTCDATA:1B + many will wish they had gotten in at these levels, God willing
the reality is that my bullish thesis for D.O.G.E has only gotten stronger (which is why i am tweeting about it a lot more):
- the Department of Government Efficiency / D.O.G.E has been announced so there's no doubt anymore that it will be formed
- Elon keeps memeing the department and has committed to weekly 'transparency updates' about their activity which will only fuel a media frenzy around the narrative
- Trump himself has memed the narrative by introducing a D.O.G.E t-shirt. we've seen several half-assed memes hit SEED_TVCODER77_ETHBTCDATA:1B + this cycle. imagine fading the ONLY narrative being memed by the literal President of the United States of America
- normies like D.O.G.E. several people have reported that their retail friends are asking them about it and are consistently picking it when presented a sea of options and asked to make a choice
- dogecoin is primed for an explosive rally heading into 2025 and D.O.G.E will be the largest beneficiary since it is the best DOGE beta right now
- D.O.G.E has done this well without any solid CEX listings. what do you think happens when it gets some strong CEXs? i heard that there are quite a few coming! 👀
in all, i tend to be a lone voice screaming about all of these memecoins for a while
but i often get ignored until they explode out of nowhere and outperform everything else including the favorite CT picks
then you all of a sudden have everyone shouting once again that 'BONK GUY WAS RIGHT'
well... bonk guy is screaming here once again
NOTE: i'll paste the contracts and charts for the real Department of Government Efficiency / D.O.G.E below since many keep asking whenever i tweet about it
- ETH contract: 0x1121AcC14c63f3C872BFcA497d10926A6098AAc5
- SOL contract (Cross-chain Bridge): KQijDbNJ6rPCqhtXrfH6gKa5cH3a39At8vHq34nnPbF (you can use this version if you want to have exposure on the Solana blockchain)
- CEXs: D.O.G.E is listed as 'DOGEGOV' on Gate, BingX, and a few other CEXs
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
DOGE - MACD Divergence?Hello,
This appears to be a Bearish Divergence in the MACD. A pretty solid indicator….
Curious to see if this results in a pull back to reset the RSI, Check in on some old resistance levels now turned support, and stabilize our journey… or if the exponential growth projections will continue… which is exciting, but may imply more future volatility.
Love you Doge!
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 cup and handle. If either of these patterns breaks, the price of Dogecoin can reach around 50 cents.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Doge and a long position potential!hello guys!
as you requested let's start to analyze #doge!
Doge made sharp movements before forming a triangle!
on the triangle pattern, it made a head and shoulders pattern and formed a trendline there!
the target of the pattern is touched already! but if the price breaks up the top line of the triangle you can enjoy the long position as well!
the target of the long position is $0.48
DOGE Soars 1900% Gains at 10x Lev in Just Days!DOGEUSDT Trade Overview:
DOGE surged to incredible heights, delivering an astounding 1900% gain at 10x leverage. On the 4-hour timeframe, this long trade setup effortlessly achieved all targets, showcasing the power of the Risological trading system.
Key Levels:
TP1: 0.16661 ✅
TP2: 0.18170 ✅
TP3: 0.19679 ✅
TP4: 0.20612 ✅
Technical Analysis:
The entry point at 0.15728 was confirmed as DOGE displayed clear bullish momentum by breaking above the Risological Swing Trader . The continuation of the trend was supported by consistent volume and a strong upward trajectory, giving traders ample time to maximize gains.
Each target was systematically reached, with the final push breaking above TP4 and providing an exceptional profit for those holding their positions. The Risological system's ability to pinpoint entry, exit, and stop-loss levels precisely contributed to this massive success.
Will Dogecoin's Price Soar Again with a 36,000% Rally in 2021?## Dogecoin's Next Bull Run: A Technical Analysis
Dogecoin (DOGE), the cryptocurrency that began as a joke, has shown remarkable resilience and growth over the years. After a meteoric rise in 2021, DOGE experienced a significant correction. However, recent technical analysis suggests that the coin may be poised for another substantial rally.
**The Pennant Formation**
A pennant formation is a bullish technical pattern that often precedes a significant price breakout. It's characterized by a period of consolidation within a narrowing price range, followed by a sharp upward movement.
Technical analysts believe that Dogecoin has formed a pennant pattern on its chart. This pattern, combined with other bullish indicators, suggests that DOGE could be ready to break out and potentially retest its all-time high or even surpass it.
**Factors Fueling Dogecoin's Potential Rally**
Several factors could contribute to Dogecoin's potential rally:
1. **Elon Musk's Influence:** Elon Musk, the CEO of Tesla and SpaceX, has been a vocal supporter of Dogecoin. His tweets and endorsements have often led to significant price surges. Any positive news or actions related to Dogecoin from Musk could trigger a buying frenzy.
2. **Memecoin Mania:** Dogecoin, as one of the original memecoins, benefits from the overall popularity of memecoins. The recent success of other memecoins has renewed interest in Dogecoin and could drive its price higher.
3. **Growing Community and Adoption:** The Dogecoin community continues to grow, with increasing numbers of people using the coin for transactions and tipping. As adoption grows, so does the demand for Dogecoin.
4. **Exchange Listings and Institutional Interest:** More and more cryptocurrency exchanges are listing Dogecoin, making it easier for investors to buy and sell the coin. Additionally, some institutional investors have expressed interest in Dogecoin, which could further fuel its price appreciation.
**Potential Risks and Challenges**
While the technical analysis and bullish sentiment are promising, it's important to acknowledge the risks and challenges associated with investing in cryptocurrencies:
1. **Market Volatility:** The cryptocurrency market is highly volatile, and Dogecoin's price can fluctuate significantly in a short period.
2. **Regulatory Uncertainty:** Regulatory uncertainty can impact the price of cryptocurrencies. Changes in regulations can create volatility and uncertainty in the market.
3. **Competition from Other Memecoins:** The emergence of new memecoins could divert attention and investment away from Dogecoin.
4. **Technical Issues:** Technical issues with the Dogecoin network could negatively impact its performance and price.
**Conclusion**
Dogecoin's potential for a significant price rally is fueled by a combination of technical analysis, strong community support, and the influence of key figures like Elon Musk. However, it's crucial to approach any investment in Dogecoin with caution and a long-term perspective. As with any investment, it's essential to conduct thorough research and consider consulting with a financial advisor.
STELLAR and DOGECOIN_chartsThe similarity between Dogecoin's run up and the current trend of XLM is quite similar leading me to see the price of Stellar holding up to the position current on the chart, that is if the similarity between both charts is an example of what happens among many other theories on price and targets.