🔥 DOGE Breaking Out Of A 2-Year Downtrend - Twitter Hype!Last week I made an analysis on DOGE and the fact it was about to break through a 2-year downtrend. As of recently, DOGE has finally broken out, helped by Twitter's highly anticipated payment system.
The hype is mainly based on Musk's earlier comments that he wishes to make Twitter part of the global financial system and that he sees DOGE tokens as a way to make financial transactions with.
IF DOGE will be announced to be part of Twitter's financial system, we can expect the demand for DOGE tokens to soar to new all-time highs.
Exciting times for DOGE investors.
DOGE-USDT
DOGE CONTINUES to RISEJust a basic chart. We can see the baseline target that was called in the previous post (see link below). Called to the exact point. I feel confident in this one as well. From here when we get a strong breakout- it will be STRONG- expected upticks seen around Sunday or Monday ish. The price will continue to surge violently up. There is a resistive point at .10 but I dont think it will hold price back much , We may see some MINOR retracements, but this move I feel will be fast and culminate before the end of next week 11th. Once target is reached expect a pullback...and then I will re-explore the next target.
Note: I do employ methods to this that are not illustrated on the chart. I may include them in the future but I have to get a bit more organized with the drawings. For now- enjoy. CHEERS
DOGEUSDT.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a one day time frame analysis for DOGEUSDT.1D
We are in the daily time frame. As you can see, the price has become a support after reaching the first support zone. And it is oscillating towards our resistance line. Again, we have two scenarios in mind that we have specified for you with the guide arrows. If it cannot stabilize above the resistance zone, we are considering further decline. But if it can stabilize above our second resistance level, we expect the price to rise to a higher area.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
DOGEUSDT.1DHello dear friends,
*Mars Signals Team wishes you high profits*
This is a daily time frame analysis for DOGEUSDT.1D
We are in the daily time frame. As you can see, after approaching the long-term support line, the price was able to rise again. But it is currently stuck in the resistance line and if it cannot stabilize above the resistance line, we expect further fall. And if it can stabilize above the resistance line, we can consider the possibility of price increase to the next resistance zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
🔥 DOGE Pumps On Twitter Logo UpdateWe all know that DOGE has a special place in Elon's heart. In his newest endeavor to influence the token's price (and pump his bags?), Musk has updated the Twitter logo to the DOGE logo.
Wouldn't be surprised if some kind of DOGE payment system will be integrated into Twitter in the near future.
Nevertheless, DOGE has broken out through a long-term bearish resistance. My near term targets are in blue.
Forusdt Testing TrendlineTesting trendline In daily Timeframe
Incase Of Breakout Expecting Bulish Impulse
After Breakout We Can Enter For Long Positions You can Set Stoploss According Your Strategy
(note) Always Wait For Confirmed Breakout Without Breaking Trendline For will Remain Bearish
💲 Doge Direction North 💲💲 Doge Direction North
💲 Nearest strong support zone: around the 0.5 level of the upward wave.
💲 Nearest strong resistance zone: around the 0.5 level of the downward wave.
💲 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
💲 Price action: Dogecoin started to bounce upwards today, can we talk about the end of the downward correction? Perhaps, looking at the behavior of the price and the pro breakout formation, everything indicates that a further breakout in the perspective of the coming weeks is very likely.
💲 The scenario I'm playing out is a continuation of the rise over the coming weeks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💲 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
🐕 Doge Accumulation Before The Breakout 🐕🐕 Doge Accumulation Before The Breakout
🐕 Nearest strong support zone: around the 0.382 level of the entire upward wave.
🐕 Nearest strong resistance zone: around the 0.5 level of the entire downward wave.
🐕 Technical environment:
- Moving averages: Uptrend
- MACD: Uptrend
- RSI: Uptrend
🐕 Price action: the Doge, like the entire cryptocurrency market, scored a strong surge from around 0.067 to as high as 0.09 The Doge is slowly preparing to execute a correction due to the upcoming strengthening trend of the US dollar in the coming days.
🐕 The scenario I am playing out is the execution of a correction then the continuation of the upward movement, at least up to the 0.5 level marked on the chart.
🐕 The scenario I am playing out is the execution of a correction then the continuation of the upward movement, at least up to the 0.5 level marked on the chart. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🐕 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
🐕Doge Heading For A Breakout🐕🐕Doge Heading For A Breakout
🐕Looking at the behavior of Doge and other cryptocurrencies, it's not hard to get the impression that we are getting ready to break out again.
🐕My perspective is confirmed by price action and the technical environment.
🐕We see an obvious lack of strength on the downside.
🐕We are currently at the support zone determined by the 0.786 level of the entire upward wave from the bottom to the current peak.
🐕The scenario I'm playing out is the start of a new upward wave over the next few weeks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🐕 *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Doge 2H Chart Hi everyone
On this chart we can see a nice double top; clearly neckline of that is broken, in closer view we can see a bear flag and retest of double top's neckline
in RSI chart we can see a bearish divergence; All of these are confirmation for a possible correction, stay safe and Don't forget SL for all your position
InvestMate|DOGE Higher and higher 🐕🐕DOGE Higher and higher
🐕From what we can see Dogecoin doesn't give up and with every minor or major correction it gets overbought.
🐕Looking at the current demand for this cryptocurrency, it is not difficult to get the impression that in the next days, weeks, months there is a high probability that we will go even higher.
🐕We have currently stopped at the first line of resistance. We have already made one downward correction from this level, which ended for the moment with a double hammer on the daily candles of the last two days.
🐕It was determined on the basis of two fibo levels. The first is 0.618 of the entire upward wave from the bottom in June to the peak in November.
🐕Underneath is a support zone determined from the last bottom of the entire downward wave and the 0.786 level of the same upward wave as for the first mentioned resistance zone.
🐕The main strongest resistance zone is located around the price of 0.13 where I see the current upside coming in.
🐕It was determined on the basis of two fibo levels. The first is the most important level, i.e. 0.618 of the entire downward wave and the level of 0.236 of the entire upward wave from the bottom in June to the peak in November.
🐕The scenario I am playing out is a continuation of the upside in the vicinity of the aforementioned strong resistance zone. Currently, I expect some sort of accumulation between the two nearest resistance zones. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🐕*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
DOGECOINHELLO GUYS THIS MY IDEA 💡ABOUT DOGEUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
DOGEUSDT Potential for Bearish Continuation | 27th July 2022On the H4, with price breaking the bullish trendline, moving along the descending channel and the RSI is showing a descending trendline, we have a bearish bias that price may drop from our sell entry at 0.06028, which is in line with pullback resistance to take profit at 0.05746, which is in line with the swing low. Alternatively, the price may rise to stop loss at 0.06482, which is in line with 23.6% fibonacci retracement .
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