Trade Setup: DOGE Long PositionMarket Context:
DOGE is reclaiming its range low after a change of character (CHOC).
It is setting a higher high and a higher low into the 21-day and 200-day EMAs.
The range low is being treated as invalidation if the price closes below this support level.
Trade Parameters:
Entry: Enter a trade around $0.129 to $0.13.
Take Profit:
First target: $0.157
Second target: $0.187
Third target: $0.22
Stop Loss: Set at a daily close below $0.115
📊 Monitor the price action around the 21-day and 200-day EMAs. Adjust your trade based on market conditions and be cautious of any signs of reversal or further downside. #DOGE #CryptoTrading #TradeSetup 🎯
Doge
DOGE/USD: Wyckoff Reaccumulation Schematic in PlayDOGE/USD appears to be following the Wyckoff reaccumulation schematic, a pattern that suggests a continuation of the uptrend after a period of consolidation. This phase often indicates strong hands accumulating more positions before the next leg up. Traders should watch for key signs such as increased volume on up moves, higher lows, and breakout above resistance levels to confirm the reaccumulation phase. If the pattern holds, DOGE/USD could be poised for significant gains as the reaccumulation process completes.
DOGE - DON'T MISS out on ALTSEASON 2.0 !Yesterday we took a look at altcoins that are strong currently - and today I'm adding another, DOGEUSDT.
✅ From a technical indicator perspective, Doge is ready to reclaim a key trendline, as the price is consolidating right under it (bullish). "Extremely Oversold" is usually a good place to buy:
✅ From a Chart Pattern perspective, we observe an inverse Head and Shoulders pattern forming, which is also bullish and confirms a direction reversal. Furthermore, a total of -60% has been retraced and this is prime time for a new upwards wave:
✅ From a trendline analysis, we have successfully reclaimed the neckline after closing daily candles ABOVE the old peak:
I conclude to say that according to the trend and all other signs - the price is short term and long term bullish from here.
_________________________________
BINANCE:DOGEUSDT
DOGEUSD No time left! If you want to BUY do it NOW!Dogecoin (DOGEUSD) has been filling out our July 24 2023 call (see chart below) with impressive precision so far as after 6 months of sideways trading within the Cycle's Accumulation Phase, it posted the Bull Flag that typically precedes the parabolic rally:
Technically this implies that there is little (if any) time left before DOGE starts its aggressive rally phase where traditionally it doesn't offer many opportunities to catch it. The Sine Waves that accurately grasp the Cycle's Top, show that the coin will be entering its Peak Phase at the start of next year and may last until May 2025.
In any event, back to today, with the 1W MA100 (green trend-line) holding this month, the Bull Flag is about to break upwards and our Target remains the 0.786 Fibonacci level of the Fib Channel at 2.000. An overextension Target for those who wish to leave some coins running, can be 6.000, right at the top of the pattern.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
DOGE: DO NOT MISS IT HERE!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
DOGE looks good in the daily time frame. Breaks out from the bull flag-like pattern here and currently retesting the support trendline. Buy some here and add more in the dip.
Entry range:- $0.12-$0.13
Targets:- $0.173/$0.203/$0.274/$0.334
SL:- $0.1
What are your thoughts on DOGE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Dogecoin (DOGE): brief analysisAmid increased bullish sentiment in the crypto market, the DOGE price has added 4.80% to its portfolio within the past day with a trading volume of $1.47 Billion. Further, it has surged 17.67% over the last seven days and has a YTD return of 53.76%.
The technical indicator, MACD, displays a constant rise in the green histogram, highlighting an increase in the buying-over-selling pressure in the crypto space. Further, the averages record a constant uptrend, suggesting that the DOGE coin price will continue gaining value this week.
If the market continues to gain momentum, the Dogecoin price will prepare to test its upper resistance level of $0.18225 in the coming time. Conversely, if a trend reversal occurs, the memecoin leader will plunge toward its low of $0.1010.
DOGECOIN #DOGE Still The ALTCOIN KING And can charge to $1And Can lead the way for the rest of the #ALTS.
We have had some nice action by the bulls Already on dode
But like much of the altcoins have been dragged back down
YET higher lows are in place
and we see some symmetry in the price action in a bowling out fashion
IT would not surprise me in the least if DOGE were to make a new ATH this cycle.
Which doesn't sound like much of a feat ... but as any seasoned crypto speculator knows
nearly ALL altcoins essentially dies and fade away.
So making new highs every cycle puts DOGE in a elite club of coins.
DOGE: R/2Price Action Analysis : DOGEUSDT
1. Trend Identification 📉➡️📈:
- Previous Downtrend: The chart initially shows a clear downtrend with lower highs and lower lows, starting from around 0.17000 USDT down to about 0.09300 USDT.
- Consolidation: After the significant drop, there is a period of consolidation between 0.09300 USDT and 0.12860 USDT, indicating indecision in the market.
2. Breakout 🚀:
- The price breaks out from the consolidation phase, moving upwards past the resistance level of 0.12860 USDT. This breakout suggests a potential reversal or at least a corrective move higher.
3. Support and Resistance Levels 🛑🟢:
- **Support**: Around **0.12860 USDT**, marked by a gray rectangle, indicating a zone where buyers previously stepped in and might do so again.
- Resistance:
- TP1 (0.13951 USDT): A minor resistance level where the price might face initial selling pressure.
- TP2 (0.15387 USDT): A significant resistance level aligning with previous highs, suggesting stronger selling pressure might be encountered here.
4. Key Price Zones 📊:
- Entry Zone: The price has recently moved into a potential buy zone around 0.12860 USDT, where previous resistance might turn into support.
- Stop Loss Level: Below the support zone at **0.11655 USDT**, to limit potential losses if the price reverses downward.
5. Candlestick Patterns🕯️:
- Recent bullish candlesticks indicate strong buying pressure. Look for patterns such as bullish engulfing, pin bars, or hammer candlesticks near the support zone around 0.12860 USDT to confirm entry points.
6. Market Structure 📈:
- Higher Highs and Higher Lows: The recent price action shows the formation of higher highs and higher lows, a characteristic of an uptrend. For instance, the price moved from 0.09300 USDT to 0.12860 USDT and then higher.
- Pullbacks: The price might pull back to the support zone around 0.12860 USDT before resuming its upward move, which is a typical behavior in trending markets.
Trading Strategy
- Entry Point:
- Enter a buy position near the support zone around 0.12860 USDT if the price shows bullish reversal patterns (e.g., pin bar, bullish engulfing) 📥.
- Stop Loss:
- Place a stop loss slightly below the recent low or the support zone at 0.11655 USDT to protect against downside risk 🚫.
- Take Profit:
- TP1: Set the first take profit target at 0.13951 USDT, where minor resistance is expected 🥇.
- TP2: Set the second take profit target at 0.15387 USDT, at a more significant resistance level 🥈.
Monitoring and Adjustments 🔄
- Price Action Signals: Continuously monitor the price action for signals of trend continuation or reversal. Look for strong bullish candlesticks at support (around 0.12860 USDT) and signs of weakening momentum (e.g., doji, bearish engulfing) near resistance (around 0.13951 USDT and 0.15387 USDT) 👀.
- Adjustments:
- Trailing Stop Loss: Once the price reaches TP1 at 0.13951 USDT, adjust the stop loss to breakeven or above to secure profits 🔒.
- Partial Profit Taking: Consider taking partial profits at TP1 (0.13951 USDT) and letting the remaining position run towards TP2 (0.15387 USDT) 🏁.
This strategy based solely on price action helps in making informed trading decisions without relying on external indicators. It focuses on observing and interpreting the market's behavior through candlestick formations, trend patterns, and key support/resistance levels. 📊💡
Meme Coins: What’s Behind the Curtains ?Have you ever wondered how meme coins keep pumping? Are people really getting rich from them?
How the Pumps are Made ?
Step 1: Establishing Credibility
First, the creators spend significant investment capital to demonstrate good credibility. This ensures that the strongest platforms list them. During the Initial Public Offering (IPO), coins are sold massively to investors. However, as their is no more buyers, prices begin to decline.
Step 2: Accumulation Phase
Next, the coin enters an accumulation phase where big whales start buying from bored speculators at the lowest prices. The whales objective during this phase is to accumulate the maximum quantities for the lowest price possible. The long accumulation time will breakdown the enthusiasm of the speculators , selling their coins for a loss or no profits.
Step 3: Controlling Supply and Demand
When accumulation reaches its peak, the whales start withdrawing their coins from the platform, leaving the market with small quantities. They then inject a significant amount of capital, such as $1 million, causing the price to take off.
Step 4: Advertising
Following this, the coin creators and whales invest heavily in advertising , attracting a big community and more investors. This new crowd keeps injecting liquidity into the pumps, leading to noticeable price increases.
Getting Rich Quick?
Can you get rich quick from meme coins? The reality is nuanced. Even if speculators buy at the bottom, their investments are often too low, leading them to sell at modest gains during the pumps. On the other hand, people who buy after a 1000% increase are typically looking for substantial returns. However, their small capital makes even a 5x return seem insufficient.
The meme coin trend is aggressive and driven by a powerful crowd. While investing in these coins can bring profits, it’s essential to remember that you are always at the mercy of the whales. If they decide to sell off, the market can crash just as quickly as it pumped. Therefore, caution and awareness of the market dynamics are crucial when dealing with meme coins.
IS $DOGE ABOUT TO DO THE UNTHINKABLE?Last bull run CRYPTOCAP:DOGE did a 280x from the start of the 5 wave move to the upside to its ATH of $0.73. This move took about 182 days. At its previous ATH, the MC did a 44x from the 2018 peak of GETTEX:2BN to ~$88bn. Based on this upward sloping trendline, CRYPTOCAP:DOGE is primed to hit $7.5, and if history repeats itself, this should happen by end of this year. This would also bring CRYPTOCAP:DOGE MC to almost $1.1trillion, which is about a 12.5x from previous ATH, which is not even up to 1/3 of what it did last bull run. This looks crazy but it's just what the chart shows.
DOGE is at a crucial decision point!
Dogecoin is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 0.13 will again give new negative signals to the currency, while a break of the opposite side of the formation will be a strong positive signal. The currency is testing resistance at points 0.13. This could give a negative reaction, but an upward breakthrough of points 0.13 means a positive signal.
Are you bullish or bearish right now ?
DOGE/USDT: POTENTIAL BULL FLAG PATTERN!Hey everyone!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
DOGE looks good here. Breaking out from the bull flag-like structure. Looks good for a long. Long some here and add more in the dip.
Targets:- $0.129/$1.37/$0.148
SL:- $0.12
Lev:- 5x-10x
BONK LOOKS VERY BULLISH AFTER I SAW THIS!Played around with the #FRVP tool and loving it.
The red lines are the POC for the previous months.
You can clearly see where the highest amount of volume has been traded over the past 5 months.
We are now above it! This is very bullish for #BONK as long as we stay above it! #Memecoin
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
DOGE has formed a Pretty Big falling wedge Pattern!...BINANCE:DOGEUSDT is forming a falling wedge on daily timeframe , Up we go if we do breakout.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
This MEME Coin Is Setting Up For A LARGE Breakout
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here 1000SATS has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen 1000SATS can start its move higher . This needs to be watched carefully on a new 2 week candle.
1000SATS can get very bullish with the ETH ETF launch so we need to watch carefully
Please watch the video for more information
Alikze »» DOGE |Descending channel movement scenario🔍 Technical analysis: Descending channel movement scenario
- According to the analysis presented in the 4H time frame in the previous post, it faced selling pressure after hitting the supply zone and failing to break it.
- The projected downward path is in accordance with the movement path after the break of the green box area, and touched the 0.12590 area and the second green box area.
- But currently, according to the correction structure, if the green box area is broken, the correction will continue.
- Therefore, as long as it is below the Fibo area of 1.618, the first target close to it can be the range of 0.097 and then the specified Fibo 100 range of 009214.
Considering that it is moving in a descending channel, the Fibo 100 zone can collide with the bottom of the descending channel.
💎 Alternative scenario: In addition, if it can stabilize the neckline or Fibo range of 1.618 towards the break and above it, it can be the first target of the ceiling of the descending channel and the range of 0.1464.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««