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Doge

DOGEUSDT.1DAnalyzing the DOGE/USDT daily chart, I've drawn several observations based on the displayed technical indicators and price patterns: Support and Resistance Levels: The current price of Dogecoin is oscillating around $0.14596, which is slightly above the support level (S1) at $0.13777. The next significant resistance levels are R1 at $0.16548 and R2 at $0.21101. The support and resistance levels are crucial for predicting potential turning points or continuation of the price trend. Price Patterns: The chart exhibits some consolidation after a drop, indicating indecision in the market. This consolidation near a support level could suggest that buyers are beginning to see value, potentially leading to a price rebound. Technical Indicators: Relative Strength Index (RSI): The RSI is near 50, which generally indicates a neutral market condition. This positioning suggests that the price could swing in either direction, depending on market dynamics. Moving Average Convergence Divergence (MACD): The MACD is relatively flat and close to the zero line, indicating a lack of strong momentum in either direction. This could suggest a period of sideways movement or the potential for a trend shift if a catalyst occurs. Trading Strategy: Considering the price is near a significant support level, this might be seen as a buying opportunity for those speculating on a rebound towards R1. However, it's essential to set a stop-loss slightly below S1 to protect against a potential break lower, which could see the price moving towards S2 at $0.12214. Risk Management: Effective risk management is critical given the uncertain market conditions indicated by the RSI and MACD. Traders should ensure their trading plan includes predefined risk parameters, adjusting position sizes and stop-loss orders to manage potential downside. Conclusion: DOGE/USDT presents a moderate risk opportunity with the price near key support. A bounce off this level could offer a short-term trading opportunity with a target at R1, while a break below could lead to further declines. Given the flat MACD and neutral RSI, traders should remain cautious, monitoring for any changes in volume or news that might influence price direction. This approach ensures preparedness for both potential upward movement and continued downside risk.
by MarsSignals
The Wick Phenomenon: How and Why Big Wicks Get FilledIn trading, wicks on candlestick charts represent the highest and lowest prices during a given time period. Long wicks can often be seen as a sign of market indecision, but they also tend to get filled by subsequent price action. This phenomenon occurs frequently and can provide valuable insights for traders looking to capitalize on price movements. In this article, we’ll explore how and why big wicks get filled through practical examples. Understanding Wicks and Their Significance Wicks, also known as shadows, appear on candlestick charts when the price moves significantly above or below the opening and closing prices within a specific time frame. A long upper wick indicates that prices were pushed up but then fell back down before the close, showing selling pressure. Conversely, a long lower wick suggests that prices were driven down but then recovered before the close, indicating buying pressure. Usually, at least 50% of the wick will be filled, and sometimes the entire wick will get filled before the reversal happens. Why Do Wicks Get Filled? 1️⃣Market Psychology: Traders often see long wicks as areas of interest. For instance, if the price reaches a high but then falls, traders might anticipate a retest of that high. 2️⃣Liquidity Zones: Long wicks indicate areas where a lot of trading activity took place. These areas are often revisited as the market seeks liquidity. 3️⃣Mean Reversion: Prices tend to revert to their mean over time. A wick can be seen as a deviation from the mean, and the subsequent filling of the wick is part of the reversion process. How To Trade It? It all depends on your trading plan. Here are some options: Aggressive traders can buy/sell immediately after the wick has been formed. Semi-conservative traders can look for a reversal pattern on a lower timeframe to confirm it. Extra conservative traders can wait for the candle with the wick to be broken from the other side before entering. Additionally, considering more confluences like key levels, market structure, and the overall trend will give you a better edge. Why Now? You might be wondering why I am posting this article now. As you may have noticed, we had a dip yesterday, giving us a practical example on many altcoins and stocks. For this example, I have chosen DOGE, 4H chart. I hope you like the content and found it useful. Are you taking wicks into consideration in your trading plan? If yes, how? If not, why? What would you like me to discuss next? Always remember: 📚 All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
28
$DOGE inverse H&S to send price up 30%+First off, this is a high risk move because of my competing thoughts w/ BTC having a big move lower soon. But as you can see from the chart, price has formed an inverse head and shoulders and is in the process of breaking out. Should price be able to sustain above the trendline, then it's likely that we see the upper resistance get hit. I think the move would need to happen in the next few days. If it doesn't play out by Sunday (and potentially even soon, I'll cut my long). Let's see.
COINBASE:DOGEUSDLong
by benjihyam
4
Honestly, I don't feel like explaining because the chart says itHi. BINANCE:DOGEUSDT DOGE is testing the top of symmetrical triangle on Daily timeframe Up We Go if we manage to break upwards🐃 ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 AB=CD 🟢symmetrical Triangle ❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail. 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!!
Long
by CobraVanguard
3
Dogecoin (DOGE) Technical Analysis and Trade IdeaDuring the recent rally, Dogecoin (DOGE) exhibited significant bullish momentum. In our video analysis, we explore a potential buy opportunity, provided that price action aligns with our entry criteria. Let’s closely examine the 1-hour chart: Market Structure Breakout: The previous bearish trend has been disrupted by a bullish breakout in market structure. Long Bias: While my bias leans toward a long position, it remains contingent on price action developments retracing into my Fibonacci zone, as outlined in the video. Please keep in mind that this content is for informational purposes only and does not constitute financial advice. Make independent trading decisions based on your risk management strategy. 🚀📈
Long
by fxtraderanthony
2
Could we get better position to enter?This is my idea of how DOGE will go in near future. I think DOGE is still consolidating like BTC, looks like we might see little pullback to 0.12-0.13 area. That means completing 5 waves of Elliot wave theory. 0.13 might sound awful for those who invested in, but if DOGE ever hit 0.12 area again that means checking that area 3rd time and its gonna be huge confirmation to go up, maybe even higher high. Unless DOGE could close candle above 0.18 in 1D and 1W timeframe it is most likely to go down before the big impulse.
by terayu
DOGE Ready for next expansion stage. Happy Monday traders! Today we are taking a look at the All Time History of DOGE coin. Before we look at eh price action of DOGE lets take a trip down memory lane and give you some history of this coin. Doge: Much Coin, Very History Doge, in internet meme culture, refers to a photo of a Shiba Inu dog with multicolored Comic Sans text captions representing the dog's thoughts. This meme became wildly popular in the early 2010s, inspiring. Yet, most have never looked up the true meaning of the word DOGE. Dogecoin (DOGE), launched in December 2013 by software engineers Billy Markus and Jackson Palmer. It was created as a lighthearted parody of the seriousness surrounding Bitcoin and other cryptocurrencies at the time. They built Dogecoin using Litecoin's open-source code, which itself stemmed from Bitcoin. Dogecoin quickly gained a loyal following, especially on sites like Reddit, where it became a popular tipping currency for content creators. Despite its comedic origins, DOGE achieved surprising success. Here are some milestones: Instant popularity: Over a million visitors flocked to Dogecoin.com within the first month. Community focus: Dogecoin fosters a fun and inclusive online community, a stark contrast to some other cryptocurrencies. Elon Musk effect: Celebrity endorsements, particularly from Elon Musk, have caused the price of DOGE to fluctuate dramatically. Highs and lows: In 2021, DOGE reached a peak market capitalization of over $85 billion, but its value remains volatile. DOGE Definition: The chief magistrate in the former Italian republics of Venice and Genoa, known as the Doge (pronounced DOZH), held a complex and multifaceted role. Fun fact, Coins minted by the republic often featured the Doge's image or an abbreviation of their name. This served as a symbolic stamp of approval and helped ensure public trust in the currency. Today, Dogecoin remains a prominent cryptocurrency, though its price is significantly lower than its 2021 highs it may be repeating its historical gains very soon. Whether it's intention was to be a serious contender in the future or a lasting internet joke, DOGE's place in crypto history is secure. What do the charts say Looking at the all time history of this coin we can see that the price action has created two previous run ups producing over 21,000% gains between 2015 and 2017 and again reaching for the sky and touching over 50,000% gains during the 2020/2021 crypto bull market. Each cycle DOGE has nearly mimicked its prior cycles bear market, accumulation period and eventually, a mind melting bull run. As you can see on the chart we have completed the bear market and are currently breaking out of accumulation. My personal Targets for DOGE are $4.20, $10.10 and $12.00. If Doge did just half of the gains it did last run it would reach a total of over $12. With rumors shooting around the internet that Elon may add DOGE as the local currency for the X platform and this being a real possibility, I think it is counterproductive to think these type of gains are not in the cards. Much profits, Savvy
CRYPTO:DOGEUSDLong
by Crypto_Kinfolk
14
DOGE/USDT descending channel breakout? bullish rally💎 Paradisers, #DOGEUSDT has broken out from its descending channel trajectory, raising the question: will this lead to a continuation of the uptrend, or does uncertainty loom for sellers? Let's explore the possible outcomes. 💎 Notably, #DOGE has climbed above both the descending channel trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This ascent indicates a strong bullish control, suggesting that the uptrend may continue. Currently, we anticipate a strong bullish movement if the price can maintain its momentum in the demand zone at $0.15975. 💎 However, if #DOGE fails to sustain this momentum and falls below the demand zone, we may see a bullish rebound from a slightly lower demand level at $0.15756. Should it break below this level, a significant downward movement could be triggered. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
DOGE TM : 1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
FOXY THE NEW MEME RACE --> INTERESTING TIMES SEEMS TO STARTHello traders, BTC the main coin is in a stable trend, which means more coins are stable and have low market movement. FOXY Shows an exciting start trend of a high possibility of a new HYPE start. Some confirmations show that FOXY can soon enter into new increased volume, which is at this moment since the last time frames are building. In the coming days, FOXY should show us if it's the start hype coin for the future time as the data shows. This is not a trading or finance advice. Trade only depends on your plan and what has worked consistently. This chart will get updates, follow the last updates here below.
FLong
by SatochiTrader
DOGEUSDT.1DHere’s my detailed technical analysis of the DOGE/USDT daily chart: Price Action and Structure: The DOGE/USDT chart is demonstrating a pattern of ascending lows, indicative of a bullish sentiment in the formation of an ascending trendline. The chart’s structure with ascending trendline support suggests that buyers are incrementally willing to buy at higher prices, a positive signal in market sentiment. Technical Indicators: 1. RSI (Relative Strength Index): The RSI stands at 54.37, which suggests moderate bullish momentum as it is above the neutral 50 mark but not yet into overbought territory. This positioning allows for potential upward movement without immediate pressure from an overbought correction. 2. MACD (Moving Average Convergence Divergence): The MACD is slightly above the signal line but very close to the zero line, indicating a lack of strong momentum. This scenario typically calls for cautious observation as it could imply potential for either direction, but the current slight bullish crossover can be seen as a tentative bullish signal. Support and Resistance: • Support (S1 and S2): Support at $0.12157 (S2) is critical. If the price maintains above this level, it may consolidate and attempt an upward movement. However, breaking below could lead to a test of lower support levels. • Resistance (R1 and R2): The immediate resistance at $0.17569 (R1) needs to be watched. If the price can break and hold above, it would target the next resistance at $0.21158 (R2), indicating a significant bullish trend strength. Projection and Strategy: The projection on the chart anticipates a bullish move towards R1. If DOGE/USDT can maintain the ascending trendline, it could potentially approach and surpass R1, aiming for R2. A strategic approach would involve buying near support levels with a tight stop loss below the trendline to manage risk, while selling near resistance levels or holding if a breakout above R1 is observed with significant volume and momentum. Conclusion: DOGE/USDT is showing promising signs of a bullish continuation if it can uphold the ascending trendline support. Monitoring the price action near the support and resistance levels, along with the accompanying volume and indicator signals, will be crucial in confirming the trend’s strength and sustainability. As always, keeping an eye on overall market sentiment and news specific to Dogecoin will also be important in shaping the trade approach.
by MarsSignals
$DOGE analysis and trade IdeaLast time few months back I had asked to long BINANCE:DOGEUSDT when everyone was calling it for zero , the idea is still on my profile. Good profits from that trade , I expect doge to break new highs pretty soon in coming days , due to consolidation (bullish consolidation) and also the news of BINANCE:DOGEUSDT More over on BINANCE:DOGEBTC pair we can already see CRYPTOCAP:DOGE resting on 2 important levels , one is weekly support and other is 200 EMA , both conclude my bullish bias
Long
by Kaizen_wins
DOGE will bounce againEarlier, we got a nice swing on Dogecoin. In my opinion, the green range is a powerful range. Now we can again look for buy/long positions on the green range. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
CAN DOGE MAKE A GIGA PUMP?I see some doubt about a possible pump on Dogecoin. A good question can be: Why? Why do you doubt about Doge? If you are in this space from a while, you should know how crypto works and you should know that usually Dogecoin make some ranges, accumulates and then when most of the holders are tired, it pumps. We have seen this lot of times (and not only with Doge) and it's happening again. This time i want to share the DOGE/BTC chart, because it's always useful to study how a coin is acting against Bitcoin. If you look well, this chart is extremely bullish. We broke above yearly trendline, and also on lower timeframe (h4) we broke out from mid term trendline. I think we will see the price of DOGE/USDT to slowly move for a while, and once this chart will start to pump and break above local highs, this will reach fast 0,..7 and DOGE/USDT can easily reach $0,33 in some days
Long
by SaliJournal
Dogecoin Analysis | Overview & Potential Price ScenariosThe 1D TF chart for Dogecoin shows that the price is currently oscillating between significant Fib levels of 0.382 at $0.16154 and $0.17103, which are being tested as support and resistance. Additionally, the price is situated in the middle of the Ichimoku , indicating uncertainty and the potential for sideways movement. Yesterday's candlestick formed an Inverted Hammer Pattern, a Bearish Signal , while today's candlestick is forming a Hammer Pattern, a Bullish Signal , further confirming market uncertainty. Key support and resistance levels play a crucial role in determining the future direction of the price. The support level at $0.15313 (0.5 Fib) is critical. If the price falls below this level, further declines to $0.13522 (0.618 Fib) and possibly to $0.1150 can be expected. It is crucial to monitor trading volumes when these levels are approached or breached to confirm the strength and direction of the price movement. ◼️ Bullish Scenario: If the price breaks and consolidates above the $0.17442 level with confirmation from high trading volumes, it could reach levels of $0.19318 and then $0.20563. Exiting the Ichimoku cloud and increasing volumes will serve as additional indicators of the beginning of a bullish trend. ◼️ Bearish Scenario: A bearish scenario is likely if the price drops below and consolidates under the $0.15313 level. In this case, further declines to $0.13522 and an increased likelihood of establishing a new lower low at $0.11000 become probable, especially if this movement is accompanied by rising selling volumes. Traders should be prepared for potential SHORT positions or exiting LONG positions if a bearish trend is confirmed. Despite its popularity and active community, Dogecoin lacks unique technological advantages or innovations to support its long-term value. In contrast, crypto like ADA, NEAR, and COTI offer tangible technological solutions and practical applications, ensuring their sustainable growth and industry recognition. Without significant technological advancements and real utility, DOGE's value will rely more on temporary market sentiment rather than a solid foundation for long-term growth. Conclusion: Overall, the current price situation for DOGE is characterized by uncertainty with potential sideways movement in the short term. A breakout of key support or resistance levels will determine the future price direction. Additionally, the price direction of Bitcoin plays a significant role in establishing the overall trend direction for like DOGE. Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
COINBASE:DOGEUSD
by TeddyVizion
RSI Divergence: BTC, not DOGEHello, I believe this may be a significant RSI divergence on BTC, which DOGE is showing Congruence on. This is illustrated by the slope of the peaks of the RSI (top), and you can see the White arrows show the corresponding peaks of the price action. A classic Bearish Divergence is illustrated in BTC (right side). I do believe there can and will be a massive transfer of wealth from the old king to the coin that illicit the emotion of LOVE. There is something powerfully different about that, as the planet is transitioning out of the 3D reality ruled by Fear, and into the 5D reality where the force of Love dominants. Good luck, God Speed, Love and Light to All!
CRYPTO:DOGEUSD
by DHLawrence
1
WIF - Pump is about to startBINANCE:WIFUSDT (1D CHART) Technical Analysis Update WIF is currently trading at $3.74 and showing overall bullish sentiment. Price has broke out from the triangle and the resistance zone which is a bullish sign. We can expect a minor traceback and then continue the pump. Entry level: $ 3.74 Stop Loss Level: $ 2.67 TakeProfit 1: $ 4.5 TakeProfit 2: $ 5.4 TakeProfit 3: $ 7.2 TakeProfit 4: $ 8.8 TakeProfit 5: 10.6 Max Leverage: 5x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1