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Can SHIBA have its 2020/21 DOGE moment??Shiba Inu (SHIBUSD) is making a strong bullish case this week as not only did it break above its 1W MA50 (blue trend-line) for the first time since mid-August but is also testing the Top of its 7-month Channel Down, all while being supported by the 1W MA200 (orange trend-line). This Channel Down is, on the larger scale, nothing but a Bull Flag, the kind of pattern that precedes aggressive rallies and bullish extensions. In fact if we compare Shiba's Cycle since its October 2021 Top, we see strong similarities with Doge's (DOGEUSD) true expansion Cycle in 2018 - 2021, where it achieved its strongest recognition/ adoption. An (a) top led to a (b- f) Channel Down that priced the Cycle's bottom and after a 1W Golden Cross, it formed the Bull Flat that SHIB is in right now, which initiated its hyper aggressive parabolic rally to the Cycle Top. As a result, being still below its 0.5 Fibonacci retracement level, Shiba is massively undervalued in cyclical terms and technically if the Bull Flag breaks to the upside, the rally that will follow can target the 1.5 Fibonacci extension at 0.00035, just like Dogecoin did in January 2021. Do you think it will replicate this pattern or the market cap would be unrealistic? ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SHIBUSDLong
by TradingShot
10
DOGE - Very Exciting!Hello, This orange trace nicely illustrates likely movements to complete some of the major support and resistance levels that were recently established, and have not been "tested" yet. I believe that DOGE is unique… it insights the emotion of LOVE. Man’s best friend. Unconditional love. The world is waking up and transitioning from the fear based 3D matrix world mentality and back to a 5D energy based world… emotional awareness and the force of LOVE reign supreme over the new world we are entering. Do you feel it? Do you love DOGE? Does bitcoin give you FOMO? Or just straight-up FEAR, with all the dirty Black Rock war and genocide money linked direct to it now. The graph of fear and greed is very volatile. Huge Highs and lows... just like an addiction. The graph of a building a tribe using the power of LOVE looks more like climbing a Pyramid… a step up and a lap around, repeat. Doge has done this Thrice, without a major retest. I believe our tribe is growing stronger as LOVE will prevail in all of the turmoil of the world. Love has already won in the Quantum... it is up to each of us to navigate our Golden Path (of the soul) through this Earth reality, ascending to the place of unconditional love... enlightenment. If that were we are going... I'll take the DOGE coin by my side. Man's best Friend. Unconditional love. Go Doge Go!
COINBASE:DOGEUSDLong
by DHLawrence
1
BTCUSD 8H: Locked in range / Short TP 55 000 usd🔸Hello traders, today let's review 8hour price chart for BTCUSD and potential reversal zones. So far price remains locked in tight trading range since March 2024, range highs set at 68 000 USD and range lows at 57 000 USD. 🔸Premium prices overhead at 71 500 / 74 000 USD and below at 55 000 / 53 000. Currently trading mid-range so no trades recommended in this zone. 🔸Ongoing compression in a tight range and low volatility ongoing since March 2024. This suggests that we are in accumulation/distribution stage right now and eventually range breakout will result in a high volatility move. Until then though makes sense to focus on trading range highs and range lows. 🔸Recommended strategy for position traders: Wait for price to max out near range highs and get ready to short from premium levels. Conservative TP on sell side at 55 000 USD. 🎁Please hit the like button and 🎁Leave a comment to support our team! 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.
BITSTAMP:BTCUSDShort
by ProjectSyndicate
14
#DOGEUSD 1DAYDOGEUSD: Daily Downtrend Breakout - Buy Opportunity The DOGEUSD pair is showing a significant breakout from its recent downtrend, signaling a potential reversal in momentum. After a sustained period of downward movement, price action has breached key resistance levels, suggesting increased buying interest. Key Highlights: Confirmation: The breakout above the resistance line indicates a shift in market sentiment, potentially attracting more buyers. Volume Spike: A notable increase in trading volume during the breakout supports the validity of this move, suggesting strong momentum behind the price action. -Technical Indicators: RSI and MACD are turning bullish, further reinforcing the idea of a possible upward trend. Actionable Insight: This presents a promising buying opportunity for traders looking to capitalize on the potential recovery in DOGEUSD. Setting a stop-loss just below the breakout level can help manage risk while allowing for upside potential as the market seeks to establish a new support zone. Stay vigilant for further confirmations and adjust your strategy accordingly!
BINANCE:DOGEUSDLong
by PIPSFIGHTER
DOGEUSD entering its Parabolic Rally phase. Can it hit $2.00?More than a year ago (July 24 2023, see chart below), we published our long-term expectations and pattern for Dogecoin's (DOGEUSD) Bull Cycle: As you can see, it filled our projection quite effectively as it extended the Accumulation Phase (blue). That was a phase which, as you can see, was present during both of its previous Cycles and after a 1W MA50/100 Bullish Cross and a subsequent hold of the 1W MA100 (green trend-line), it came out of a (dotted) Channel Down/ Bull Flag and entered its Parabolic Rally phase (green). As far as timing of the Cycle Top is concerned, we have a very consistent pattern which suggests that it is priced just after the 3.0 Fibonacci Time extension from the bottom of the Bear Cycle. That was accurate for both of the January 01 2018 and April 26 2021 Cycle Tops. As a result, the Top of the current Cycle should be expected a little after August 04 2025, assuming the true bottom of the last Bear Cycle was on the week of October 03 2022 (just before the FTX crash). But what about the actual Top in price terms, you might be wondering? Well the first two Cycle Highs (January 20 2014 and January 01 2018) were priced just below the 0.786 Fibonacci Channel level. The next one (April 26 2021) was priced higher on the 1.0 Fib on a technical overextension as it was the Cycle where Dogecoin experienced its strongest adoption and awareness. It would be difficult to repeat this feat this time, unless some news/ fundamentals introduce new uses/ adoption for Doge and the market reacts with very aggressive capital inflows. In this new overextension case, we may see $6.00. But our proper Target for this Cycle always was and remains $2.00, which falls marginally below the 0.786 Fib, just like the Tops of the first two Cycles. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:DOGEUSDLong
by TradingShot
8
DOGECOIN 2024 — A Massive Breakout Coming?Hello, fellow traders! I'm excited to share an intriguing analysis with you today. Let's explore how Dogecoin DOGEUSD might be following in the footsteps of Stellar's XLMBTC remarkable 2017 bear market and 2018 bull run. By comparing historical charts of Stellar with the current movements of Dogecoin, we could uncover patterns suggesting a significant breakout for DOGE this year and into the next. This insight might help you spot potential trading opportunities in the market. Stellar's 2017 Journey On the top chart, we have Stellar XLMBTC chart from 2017 and 2018: All-Time High (ATH) of 2017: Stellar reached its ATH, followed by a period of declining lower highs during the summer months. Accumulation Phase: Mid-autumn brought an accumulation zone, indicating consolidation before the next big move. Wedge Pattern Formation: A wedge pattern emerged, leading to increased bullish momentum. Breakout to New Highs: Post-wedge, Stellar entered a phase of higher highs, establishing a new ATH at the beginning of 2018. Dogecoin's Current Path Now, let's examine Dogecoin DOGEUSDT on the 3-day timeframe: ATH in May 2021: DOGE hit its ATH and then began a decline into a lower highs zone. Accumulation Zone Since Mid-2023: Like Stellar, DOGE was in an accumulation phase that lasted until 2024. Wedge Pattern Development: In 2024, DOGE formed a wedge pattern, with the price currently residing within this formation. Moving Averages Alignment: Interestingly, the moving averages on both charts behave almost identically, reinforcing the pattern similarity. What This Could Mean The parallels between DOGE and XLM suggest that Dogecoin might be bottoming out and could be on the verge of a significant breakout. While history doesn't always repeat itself, these patterns are worth paying attention to. What are your thoughts on this comparison? Do you think Dogecoin is set to follow Stellar's past performance? Share your insights or any questions you have in the comments below — I’d love to hear your perspective! Remember, the crypto market can be unpredictable. It's essential to protect your capital and manage risks appropriately. A fundamental risk management strategy is to use no more than 1% of your capital per trade. If you found this analysis helpful, please like this post and follow me for more cryptocurrency insights. Stay tuned for more updates!
CRYPTO:DOGEUSDLong
by ArShevelev
1
A Decade of DOGECOIN Brilliance. x100 Potential Hidden?!🎉 Happy 10th Anniversary, DOGECOIN! 🎉 December 6th, marks the 10th anniversary of DOGECOIN's genesis. Initially created as a light-hearted meme coin, it's become a significant player in the crypto space. The BINANCE:DOGEUSDT price chart tells an intriguing story. Currently, it's showcasing a repeating pattern – Descending Triangles. These patterns have historically been precursors to substantial upward movements. Dive into the clear chart representation here: In the past, these triangles paved the way for remarkable gains, including an x66 surge in 2017 and an astonishing x238 leap in 2021, fueled by none other than Elon Musk. On the weekly timeframe, this movement resembles a light breath, but in reality, holding onto this for the long term can be a challenging task. It's crucial to approach it with a solid risk management strategy. Strap in for the ride and ensure you're equipped for the DOGE rollercoaster!
CRYPTO:DOGEUSDLong
by ArShevelev
20
DOGEUSD – Cup and Handle Breakout: Scalping to the 0.618 Fib Well, it looks like DOGE has broken out of the cup and handle pattern we were watching. With this breakout, the next immediate target is the 0.618 Fibonacci retracement level at $0.116, which represents a potential 10% move from the breakout point. This level is crucial for traders looking to scalp quick profits before deciding on further direction. Given the strength of the breakout, there’s a good chance we’ll see the price push up toward the 0.618 Fib level. If you’re looking to scalp, this move offers a solid short-term opportunity. However, watch closely for any signs of a reversal or hesitation around this resistance level – breaking through it could lead to further gains, while rejection might pull us back to test previous support levels. In short, with DOGE pushing past the handle breakout, a scalp to $0.116 is looking like a good setup for a quick 10%. Keep an eye on momentum as we approach this key resistance level.
BINANCE:DOGEUSDLong
by Blockbullder
Trading Idea: Dogecoin Support Level StrategyCurrent Support Level: Dogecoin (DOGE) has reached a key support level. Bounce Scenario: If the price holds this support, we could see a bounce from here, offering a potential long entry opportunity. Breakdown Scenario: However, if the price breaks below this support, it could signal further downside, with the next target being the next support level. Confirmation: Wait for a clear bounce or breakdown confirmation before entering. A strong bounce would suggest upward momentum, while a close below the support with increased selling pressure would confirm the breakdown. Risk Management: If entering on a bounce, place a stop-loss just below the support. If entering on a breakdown, place a stop-loss slightly above the broken support level to manage risk.
by rebenga93
DOGE wait for breakThe Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈. Analysis: - Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯. - Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁. - Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑. Key Points: - Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼. - Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊. Signal: - Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.
Long
by ahmadarz
3
Doge descends no more! Pattern breakout could see a 98% surge. The chart indicates that Dogecoin (DOGE/USDT) has already broken out of the Descending Triangle pattern, signaling a potential shift in market sentiment. With this breakout, here’s a closer look at the critical elements and price projections moving forward: 1. Descending Triangle Breakout • DOGE has broken out of the descending triangle to the upside, defying the usual bearish continuation pattern. This breakout suggests a bullish reversal or at least a short-term upward movement. • This breakout could signal a shift in momentum, with DOGE moving toward key resistance levels. 2. Weekly Hidden RSI Divergence • The hidden bullish divergence in the RSI further supports this breakout. Even as price made lower lows, the RSI’s higher lows indicated building momentum, which has now translated into an upward move. • This divergence suggests that the current breakout could have legs, leading to further price gains. 3. Fibonacci Extensions & Price Targets • $0.2067: This is the key Fibonacci target, representing the 96% retracement level. Given the breakout, this is the immediate price target and aligns with past support and resistance levels. • $0.2812 and $0.3305: These are resistance levels within the broader resistance zone. Once DOGE breaks through $0.2067, this zone will be the next major test for bulls. 4. Price Projections • Short-Term Outlook: With the breakout confirmed, DOGE’s immediate target is $0.2067, representing a significant gain from the current level. • Medium-Term Outlook: If DOGE clears $0.2067, the next focus will be the resistance zone between $0.2812 and $0.3305. Overcoming this will be crucial for sustained bullish momentum. • Long-Term Outlook: A successful push beyond the resistance zone could open up the possibility of a broader bullish cycle for DOGE, potentially leading to higher price targets contingent on market sentiment. Conclusion Dogecoin’s breakout from the descending triangle, supported by the weekly hidden RSI divergence, marks a bullish shift. With the immediate target at $0.2067 and further resistance at $0.2812 and $0.3305, DOGE could be set for a sustained upward move. Volume and market sentiment will be key to confirming the strength of this breakout.
BINANCE:DOGEUSDLong
by Blockbullder
3
DOGEUSDT in Accumulation PhaseDOGEUSDT recently dropped to a support level last tested in February, where the price saw a significant rally. Currently, the price has formed a false breakout below the 0.09500 support level and has since been moving sideways in an accumulation phase. Over the past week, the market has been forming a compression channel, which could lead to a breakout and a subsequent price move. Given the repeated rejections and bounces off the support level on the daily timeframe, there is a strong potential for an upward move. The price could break through the trendline and retest the resistance level, with the target set at 0.10700
Long
by RTED_Investing
4
Trading Signal For DogecoinTrading Setup: A Trading Signal is seen in the DOGEUSDT Dogecoin 1h (Futures) Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 0.1019 ⭕️SL @ 0.0999 🔵TP1 @ 0.1095 🔵TP2 @ 0.1130 🔵TP3 @ 0.1180 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
1
Bullish Exhaustion Near ResistanceKey Resistance at $0.10476 Dogecoin (DOGE) is currently trading around $0.102, after failing to break through the upper Bollinger Band resistance of $0.10476. The price hit a high of $0.10495, but selling pressure has pulled it back below the BB Basis of $0.10322. After peaking at $0.10495, Dogecoin has pulled back, now stabilizing around $0.102. The rejection from the $0.10476 resistance (upper Bollinger Band) aligns with the broader bearish sentiment seen in early September. Dogecoin's struggles echo a trend seen across the market, as DOGE has dropped 17% in the last week​ Bollinger Bands: Overbought Conditions The price is hovering just below the upper Bollinger Band, indicating that DOGE is in an overbought state. A rejection at these levels could trigger a pullback to the lower band support at $0.10168. RSI Neutral, But Losing Steam The RSI is sitting near neutral at 49.87, suggesting indecision in the market. However, its divergence from the RSI-based MA (60.41) hints at weakening bullish momentum, with potential downside ahead. Stochastic Oscillator Shows Oversold Conditions The %K and %D values of 19.54 and 14.44 indicate oversold conditions, which might signal a short-term bounce, but buyers need to regain momentum for a sustained move higher. MACD Turning Bearish The MACD histogram (-0.00045) has flipped negative, suggesting a potential bearish crossover. The MACD line is still above the signal line, but momentum appears to be weakening, which could lead to further downside. Support and Resistance Levels Immediate Resistance: $0.10476 (Upper BB) Support: $0.10322 (BB Basis), $0.10169 (Lower BB) Short-Term Outlook : DOGE is showing signs of exhaustion near the $0.10476 resistance. If it fails to break higher, expect a potential dip toward $0.10168, with a possible bounce from there. The Stochastic and RSI suggest caution, as momentum indicators signal weakening strength. Watch for a confirmed break above $0.10476 to signal bullish continuation. Otherwise, a retrace to the lower Bollinger Band is likely.
by MonoCoinSignal
Dogecoin Price Hit $0.1: Could Elon's Backing Propel DOGE to $1?Dogecoin ( CRYPTOCAP:DOGE ), the popular dog-themed cryptocurrency, has been making headlines again after surging over 10% to briefly cross the $0.1 mark. This rally, fueled by Elon Musk’s continued endorsement and broader market trends, has sparked renewed speculation about whether Dogecoin could hit the highly anticipated $1 price point. Here's an in-depth look into the factors driving Dogecoin's latest surge and its potential to rally further. Key Drivers of the CRYPTOCAP:DOGE Rally 1. Elon Musk’s Lawsuit Dismissal Boosts Market Optimism One of the key factors behind Dogecoin's recent rally is the dismissal of a federal lawsuit against Elon Musk, which accused him and Tesla of manipulating the Dogecoin price. Filed in Manhattan federal court, the lawsuit alleged that Musk engaged in insider trading and publicity stunts that inflated Dogecoin’s value by up to 36,000%. However, the suit was dismissed by U.S. District Judge Alvin Hellerstein, who ruled that the plaintiffs failed to substantiate their claims after five revisions of the lawsuit. This outcome has removed a significant cloud of legal uncertainty around Musk’s involvement with Dogecoin, leading to increased investor confidence and contributing to DOGE’s recent price surge. 2. Elon Musk’s Continued Support and Potential Use of DOGE Elon Musk, the self-proclaimed “Dogefather,” has continued to express support for Dogecoin. Recently, Musk suggested adding Dogecoin as a payment option for Tesla merchandise, fueling speculation that the meme coin could eventually be accepted for vehicle purchases as well. Moreover, Musk has hinted at using DOGE as the official mascot for a proposed “Department of Government Efficiency,” underscoring his ongoing commitment to the cryptocurrency. This active promotion by Musk, combined with his recent legal victory, has been a strong bullish signal for investors, driving market speculation about Dogecoin’s future potential. 3. Broader Market Rally Amid Fed Rate Cut Expectations The broader cryptocurrency market has been on an upward trajectory, buoyed by growing expectations of a Federal Reserve rate cut. With the global crypto market cap nearing $2 trillion and Bitcoin rising over 4%, risk assets like Dogecoin have benefited from the overall positive sentiment. The CME FedWatch Tool indicates a 73% chance of a 25 basis point rate cut at the upcoming Fed meeting, which has fueled optimism across the market. Simultaneously, other meme coins such as Shiba Inu (SHIB), Pepe Coin (PEPE), and WIF have also rallied, highlighting increased investor appetite for riskier assets. Technical Outlook Dogecoin's technical indicators suggest that the coin could be poised for further gains. As of the time of writing, DOGE is trading at $0.1041, up 7.67% with a moderate Relative Strength Index (RSI) of 44.97. This RSI level indicates that DOGE is not yet overbought and may have room for continued upward momentum. Additionally, the daily price chart shows a bullish symmetrical triangle pattern—a technical formation that often signals a continuation of the current trend. If CRYPTOCAP:DOGE breaks above this pattern, it could confirm a bullish breakout, potentially setting the stage for a significant price surge toward $1. Dogecoin’s trading volume has also spiked, up nearly 74% to $639.67 million, while Futures Open Interest rose 8% to $476.52 million, signaling increased market participation and interest. Options Open Interest jumped over 37%, further underscoring the market's bullish outlook. However, the road to $1 will not be without challenges. Dogecoin will need to overcome several key resistance levels, with the most immediate being around the $0.15 to $0.20 range. Breaking through these resistance points will be crucial for CRYPTOCAP:DOGE to sustain its rally and approach the elusive $1 target. Musk’s Backing and Market Trends Favor CRYPTOCAP:DOGE The fundamental outlook for Dogecoin remains optimistic, driven by Elon Musk's ongoing support and the broader positive market sentiment. The dismissal of Musk’s lawsuit and his recent endorsements have reinvigorated investor confidence. Meanwhile, potential macroeconomic tailwinds, such as a Fed rate cut, are likely to provide additional support for the cryptocurrency market as a whole. Moreover, the growing use case of Dogecoin, particularly as a potential payment option for Tesla merchandise, adds another layer of utility that could drive demand. If more companies and platforms begin to accept DOGE, it could further bolster the coin’s market position and price. Conclusion Dogecoin’s recent price action reflects a combination of technical strength and fundamental momentum. Elon Musk’s backing, the broader market rally, and positive technical indicators are aligning to create a favorable outlook for DOGE. While reaching $1 will require significant market support and overcoming key resistance levels, the current trend suggests that Dogecoin is well-positioned for further gains. Investors should watch closely for any additional endorsements from Musk, broader market developments, and key technical breakouts that could signal the next leg of Dogecoin’s rally. As always, the cryptocurrency market remains highly volatile, and potential investors should consider their risk tolerance before jumping in. In the meantime, Dogecoin’s journey to $1 remains a closely watched narrative in the crypto space—one fueled by community enthusiasm, market speculation, and the enduring influence of its most famous advocate, Elon Musk.
Long
by DEXWireNews