Get started

Dogeanalysis

DOGE → First Sell-off Complete! Another Push to the Downside?Dogecoin, along with the rest of the crypto market, had a severe bear response to Bitcoins completion of its measured move. Are we in for another leg down? How do we trade this?  🤔 I don't think it's reasonable to short here, not yet at least. We need a little more recovery from the first sell-off toward the Resistance Zone at $0.0865. If we get a sell signal from that area, it's reasonable to short Doge on the Daily chart toward the initial support of $0.0675. Until then, it's best to wait on the sidelines for the RSI to come up, and the bears to recharge. It may be a while before Doge recovers and heads to a new high in this trend. The macro-trend is bullish in the crypto market, so we should be cautious when capturing these bearish movements on altcoins. 💡  Trade Idea  💡 Short Entry: $0.0835 🟥 Stop Loss: $0.0890 ✅ Take Profit: $0.0725 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Bull Channel Concluded with a Double Top Reversal. 2. Trend Changed to Trading Range then 1st Push Down. 3. Bounced off of 200EMA Support, wait for new Sell Signal. 4. RSI at 36.00 and below Moving Average. Bias to Short. 5. Wait for Sell Signal After Test of Resistance Area. 💰  Trading Tip  💰 Channels are often concluded not with a strong reversal, but first a stall of the trend with a trading range. A reversal is likely if the trading range comes at the end of a three-leg trend. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
Low Risk Doge Long TrialConsidering that other cryptocurrencies have experienced some price fluctuations, I still anticipate further potential for growth in DOGE coin. However, with New Year's Eve approaching, I plan to adopt a cautious approach by implementing a stop loss. It's worth noting that DOGE may trigger the stop loss and then continue its upward trend, so I'll leave some flexibility in my position to either close it or let it ride. It's essential for everyone to establish their own risk management strategy, so make your decisions thoughtfully. This is my trial. Not a financial advice.
Long
by Dantefe
DOGE → Hinting at a Drop! Are we going back to $0.05?Dogecoin is starting to show signs of converting to a trading range after a strong bull run. We have a potential double top reversal pattern playing out after three good pushes to the upside. Does that mean we're heading down? How do we trade this? 🤔 Three pushes up, potential double top reversal pattern, RSI at 62.00 and below the Moving Average, these are the key data points that should bring us caution when the thought to long crosses our mind. What we're missing right now is a confirmation candle and a lower low to give us enough probability to enter a short scalp and maybe a partial swing. A final sell signal at the Previous High of $0.10750 would be ideal, giving us enough range for a 1:3 Risk/Reward Ratio. Using my favorite approach, take half profits at $0.10 (1:1 Risk/Reward), move your stop loss up to your entry price, then swing the remainder to 1:3 Risk/Reward at $0.09. 💡 Trade Idea 💡 Short Entry: $0.10500 🟥 Stop Loss: $0.11000 ✅ Take Profit #1: $0.10000 ✅ Take Profit #2: $0.09000 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Three Pushes Up, Potential Double Top Reversal. 3. Could convert to Trading Range between $0.0875 and $0.10750. 4. RSI at 62.00 and below Moving Average. Bias to Short. 5. Bitcoin is running hot to the upside, risk of trend change. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
DOGE → Updated Double Top Analysis! Our First Target is $0.07?Doge is failing to retest the $0.1075 level and has instead meandered sideways in the $0.9500 range. Are we in a position to short here? Long? Or simply wait on the sidelines? How do we trade this? 🤔 We need to wait. We are still in a bull channel which means our bias ought to be long, but we have several datapoints that counter that bias. 1. Three pushes up, a typical number of legs in a channel before the probability of trend change exceeds the probability that the trend will continue. 2. Double Top reversal signal. These can fail, but coupled with the three pushes, increases the probability of a trend change. 3. Bitcoin showing signs of trend change and as a leading market indicator may drag Doge down with it. We need to wait for a break below the Weak Support line and the Support Zone. The break is the bear signal, then we need a retest of the Support Zone as resistance with a strong bear candle closing on or near its low to confirm the price can't make it back up. At this time, its reasonable to short a 1:3 Risk/Reward placing a protective stop just above the previous Support Zone. Take half profits at 1:1 Risk/Reward ($0.082 area), and final profits at 1:3 ($0.69 area). It's also reasonable to swing the latter half of your position beyond 1:3 R/R, until a proper buy signal appears. 💡 Trade Ideas 💡 Short Entry: $0.84 🟥 Stop Loss: $0.89 ✅ Take Profit: $0.69 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Three Pushes Up, Double Top Reversal Intact. 3. Need to Break Weak Support and Support Zone to Short. 4. RSI at 46.00 and below Moving Average. Bias to Short. 5. Watch Bitcoin for trend change, may drag the market down. 💰 Trading Tip 💰 Trading against the trend carries a low probability of success, but a much higher reward with a low risk. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
DOGE → Ready to Rip! Ascending Triangle Says Long? Let's Answer.Dogecoin has had some fantastic bullish action as of late! If you followed my previous 4HR analysis from December 5th and longed, you made out with a 1:3 trade. What we're looking at now is another nice long setup, but should we take it? How do we trade this? 🤔 We have an ascending triangle which is a bullish pattern following a strong bull macro trend, the 30EMA is also giving us great support. The answer is yes, I would long now! Long here and place a protective stop just below the 30EMA and ascending triangle support line. Sell half of your position at 1:1 Risk/Reward at 0.10700, move your stop up to your entry, then swing the remainder to at least 1:3 but preferably, until you see a reversal signal. The next strong resistance is at $0.15. 💡 Trade Idea 💡 Long Entry: 0.101500 🟥 Stop Loss: $0.09600 ✅ Take Profit #1: $0.10700 ✅ Take Profit #2: $0.11800 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Macro Trend is Bullish, Bias to Long! 2. Established Support at $0.0875. 3. In Bullish Ascending Triangle Pattern. 4. RSI at 59.00 and Below Moving Average, Does not Support Long. 5. Long here and place protective stop under 30EMA. 1:3 R/R. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
DOGE DOGECOIN Technical Analysis And Trade IdeaIn recent times, DOGE has showcased a robust bullish trajectory. This video meticulously delves into the Dogecoin trend, intricately scrutinizing price action and pinpointing potential trading opportunities through a comprehensive evaluation across both the weekly and daily timeframes. Expect a thorough examination of price dynamics, market structure, trend analysis, and pivotal technical analysis elements. It's imperative to highlight that the information presented is strictly for educational purposes and should not be misconstrued as financial guidance.
Long
by fxtraderanthony
DOGE → A Rip to $0.10! Will We Continue to $0.15 and Beyond?Dogecoin ripped through the $0.88 Resistance, found support on it, then blasted through the next resistance of $0.10! My previous analysis projected this outcome and successfully closed the proposed trade. Where does the Doge price go from here? How do we trade this? 🤔 We're now zooming out to the Weekly candles to see where the next Resistance Zone is and it appears to be in the $0.15 to $0.16 range. That's a 50% increase in price from where we are now! To take advantage of that range, we need to take a breath after those last few Daily bull candles and wait for a pullback. This Weekly candle needs to close bull followed by a bar or two of sideways price action. It's reasonable to zoom into the Daily chart for more detail and I'll provide updates on that chart here as the days pass. Once a pullback is completed and we have the proper signs of continuation, it's reasonable to long again for another 1:3 Risk/Reward trade! Look for strong bull channel support or the 30EMA once it catches up to the price. RSI is also at 74.00 which supports at least a pullback. Be very careful here as it wouldn't surprise me if we get a rapid sell-off in response to the rapid buy. Markets are about balance and right now, we're a bit out of balance. 💡 Trade Idea 💡 Long Entry: $0.0990 🟥 Stop Loss: $0.08435 ✅ Take Profit: $0.14300 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Breakout of Bear Channel, Bias to Long! 2. Wait for Weekly Candle to Close Before Entering. 3. Test Bear Channel Support Means Higher Probability of Profit. 4. RSI at 74.00, Bias to Short. 5. Best to wait for pull back before entering. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
DOGE : RALLY before OR after XMas?Hi Traders, Investors and Speculators of Charts📈📉 As seen on the chart, I've highlighted some potential signs that will help to determine whether we can expect a rally before the 25th or after the 25th / in 2024 : - If Doge is getting ready for a rally before the 25th, we can expect to see some higher lows. Currently we're trading lower than we did two weeks ago this time. - If Doge continues to trade range, it's more likely for another wick towards the lower support zone before we observe a breakout. The price action over the next two weeks will indicate whether or not we can still expect a rally this year, or only next. For the short term, I'm leaning towards lower price action on DOGE, expecting one more wick towards the lower support : The main reason for my short sentiment, is the clear bearish technical indicator in the short term: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:DOGEUSDT BINANCE:DOGEUSD
Short
by CryptoCheck-
16
Doge Hits 4-Month High! Join the Excitement and Trade Now! The Doge community is buzzing with excitement as our favorite meme-inspired coin continues to defy expectations. This recent surge in value presents an incredible opportunity for traders like you to jump on board and make the most of this upward trend. 🚀 Now, you might be wondering, "Why should I trade Doge?" Well, let me tell you why! Doge has proven time and again that it's more than just a meme. With its growing popularity and widespread acceptance, Doge has become a force to be reckoned with in the crypto market. Its strong community, coupled with the recent surge, makes it an ideal choice for traders looking to capitalize on the momentum and potentially reap substantial profits. 💰 So, here's your call-to-action: Don't miss out on this incredible opportunity to trade Doge and ride the wave of success! Whether you're an experienced trader or just starting, now is the perfect time to get involved and make your mark in the crypto world. 🌍📈 To help you get started, I recommend checking out our user-friendly trading platform, which offers a seamless trading experience with real-time market data, advanced charting tools, and a wide range of trading options. Our platform is designed to make trading easy and accessible for everyone, so you can focus on making informed decisions and maximizing your profits. 📊💪 Remember, the key to successful trading lies in staying ahead of the game and seizing opportunities when they arise. With Doge hitting a 4-month high, the time is now! Join the Doge community and let's make the most of this exciting journey together. 🐶💫 Happy trading and may the Doge be with you! 🚀🌕
by bryandowningqln
Doge Crazy Numbers are Talking- Don't look at the Fibo, it's messy. - i just added Fibo on this trend because i want to see the final results after next bullrun. ------------------------------------------------------------------------------------------------------- - So let's talk % : ------------------------------------------------------------------------------------------------------- - if u bought the bottom in 2016 and Hodl Doge until ATH. - You could have win 930 000%+ - invest 1000$ in 2016 Bottom - Get 9,300,000$ at the top of the ATH in 2021 ( yes 9.3 Millions $) ------------------------------------------------------------------------------------------------------- - if u bought the bottom in 2019 and Hodl Doge until ATH. - You could have made 30 000% - invest 1000$ in 2019 Bottom. - Get 301,000$ at the of the ATH in 2021. ------------------------------------------------------------------------------------------------------- - The last bullrun in 2021 was Extremely Bullish. - if you know about Fibo, you will notice the " WTF ?" in the chart. - Doge literally exploded the 423.6% Extension to go 100%+ Higher... - what a performance! ------------------------------------------------------------------------------------------------------- - So for the next bullrun the minimum we could get for Doge is 3$. - Around 5600% from the last bottom. - invest 1000$ - get 56,000$ ------------------------------------------------------------------------------------------------------- - So all those numbers and % look crazy right ? - But Numbers are talking, not me! - Remember one thing, to be a day trader is really hard. - But to be Hodler and armed with patience is much more easy. - Making money is the long run is the best method. - invest what u don't need for living and just wait few years..... Happy Tr4Ding !
BITTREX:DOGEUSDLong
by thecryer
8
DOGE to $0.10!? A Long Setup for Maximum Profit!DOGE continues to march upwards in its month-long bull run and has its eye on $0.10! If you're not long yet, prepare yourself for a long entry that could return up to 50% profit. To get there, we need to assess our current risk/reward ratio and probability of profit. How do we trade this? In a bull channel, our bias should be toward the upside since the probability of profit is greater. That doesn't mean we long right now at $0.08, our Risk/Reward would be about 1:1. The better long entry is at the bottom of the bull channel around $0.75, which allows for a 1:3 Risk/Reward ratio if we target just shy of $0.09. Not only does the price need to fall to $0.075, but we also need a strong bull signal and confirmation bar for a long entry. The signal bar will have a tail 1/3 to 1/2 the total bar size with the price closing on or near its high. The confirmation bar should be a strong bull bar closing on or near its high. This would be the safest long entry because it secures a higher probability that the price will continue to respect the bull channel. Key Points 1. Bull Channel, Probability of Profit is greater to the upside. Always in Long. 2. Price in Center of Channel, wait for a pullback to enter long. 3. Bitcoin Leading Indicator, Risk of Pullback. 4. RSI around 50.00, wait for it to fall between 35 and 40 to long. 5. Wait for a Strong Buy Signal at $0.075 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering
Doge Climbs to New Heights: Why Traders Should Jump OnboardHold on tight! Discover why Doge's meteoric rise of 0.08 has traders wagging their tails in excitement! Ready to embark on a thrilling trading adventure? Brace yourself as we unveil the wild and wonderful world of Doge's recent surge, leaving traders howling for more! 🌟 Hold onto your hats, fellow traders, because Doge has skyrocketed like a pack of excited pups chasing their tails! In an unexpected turn of events, our favorite canine-themed cryptocurrency has made jaws drop with a staggering rise of 0.08. That's right ― 0.08! 🙌 Now, you might be thinking, 'What's got Doge wagging its tail with such gusto?' Oxygen? Barks of encouragement from Elon Musk? Well, joke's on you, my friend, because the secret sauce here lies in the remarkable community behind Doge. From passionate hodlers to enthusiastic Doge memes, this unique blend of charm and fervor has lit the fire under Doge's paws!"😄 But what does this mean for traders like ourselves? It's time to seize the moment, embrace the Doge spirit, and explore the untapped potential of this remarkable ascent. Doge is showing us that it's not just a meme coin, but a force to be reckoned with. So, why not join the pack and venture into a world of soaring possibilities? 📈 Why Longing Doge Might Be Your Best Decision Yet 🚀 1️⃣ "Scarcity is outdated, my friend! While some cryptos battle for scarcity like it's a juicy bone, Doge thrives on the power of community. Doge's recent rise demonstrates the strength of collective belief ― a bond stronger than any leash. So, dare to long Doge and relish in the uplifting energy of standing with others who share the same vision! 2️⃣ "Doge proves that not all heroes wear capes, sometimes they wear doggy memes! Embrace the unconventional and bask in the wonders of a cryptocurrency that effortlessly infuses joy into our trading journeys. Longing Doge is not just another transaction; it's an expression of solidarity with millions of fellow Doge enthusiasts. Who knew trading could be this fun? 🔥 Unleashing Doge's Future Potential 🔮 Brace yourselves, traders, as we enter the realm of speculation. Imagine a world where Doge's charm propels it to new heights. With widespread adoption on the horizon, Doge could become the go-to currency for fun and friendly transactions, leaving traditional barks in the dust. So, why not hitch your wagon to this crypto star before it shines even brighter? In a world where conformity rules the day, Doge reminds us to embrace our unique inner pups. From humble meme beginnings to soaring heights, its journey symbolizes the power of unity and the remarkable potential that lies within us all. So, let's dream big, trade smart, and remember: to the moon, one Doge at a time!" 🚀
Long
by bryandowningqln
Doge Weekly Analysis - New All-Time Highs Coming!?Doge has broken out of the descending resistance and made contact with the Weekly 200EMA. The price has now pulled back to the 30EMA, so where do we go from here? Bitcoin is a leading indicator for the alt market and according to my Bitcoin Weekly Analysis, is pulling back from the Weekly resistance. That pullback will likely hold back the Doge price from breaking out of the 200EMA until Bitcoin can break its resistance and start a bull run to the upside. Key Points 1. Bull Breakout 2. Resistance at 200EMA 3. Bitcoin leading indicator, pulling back 4. RSI is just above 50.00, wait for a pullback. If you're looking for a long entry, I would fade your position as the price falls a bit further then enter more once a confirmed break happens above the 200EMA. That requires a strong bull bar closing near its high. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering
The breakout confirmation of the descending wedge on DOGE Hello everyone! DOGE has been in a prolonged sideways movement for exactly a year with gradual decrease in peak price values and updating of local lows. This movement formed a descending wedge formation, and upon breaking out of this formation, the price should reach the range of the widest part of the pattern, which is also confirmed by Fibonacci levels. If a position is opened from the current values, the expected profit is 66%. If an entry is made from the 0.236 Fibonacci level, the expected profit is 51%. This is not financial advice, and everything you do is at your own risk!
Long
by neverovv
DOGEUSDT.1DBased on the provided market data, it appears that DOGE is currently trading at a price of $0.06862 against USDT. The Relative Strength Index (RSI) for the 4-hour, 1-day, and 7-day charts are 53.15, 68.25, and 50.99 respectively. These values indicate that DOGE is neither in the overbought nor oversold territory, suggesting a balance between buying and selling pressures. The Moving Average Convergence Divergence (MACD) for the 4-hour and 1-day charts are positive, indicating a bullish trend, while the 7-day MACD is negative, suggesting a bearish trend. This could imply that there is some uncertainty in the market, with potential for both upward and downward movement. The Bollinger Bands (Bb) for the 4-hour, 1-day, and 7-day charts are 0.074, 0.070, and 0.077 respectively. This suggests the market is experiencing normal volatility. The support levels for the 4-hour, 1-day, and 7-day charts are gradually increasing, indicating steady buying pressure. The resistance levels are also increasing, indicating growing selling pressure. Based on these indicators, it seems that DOGE is currently in a state of equilibrium with potential for both growth and decline. As always, it's important to consider other factors like news events and overall market sentiment before making investment decisions.
by MarsSignals
DOGE - X Payments, Trading Plan Q4 2023Hi Traders, Investors and Speculators of Charts📈📉 Interesting times are ahead for Dogecoin alt in the near future. X (formerly Twitter) will soon be releasing a payment option and many users are expecting a crypto supported system. The anticipation of the upcoming launch of Twitter's new "X" payments feature may lead to a rally as CEO Elon Musk has said that he is interested in making DOGE a payment option on Twitter, and this could give the coin a boost in value. However from past events, we must remember to buy the rumor sell the news . It is therefore highly likely that the price of DOGEUSDT will first drop, possibly trade range there for a few weeks and then suddenly increase. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:DOGE BINANCE:DOGEUSDT COINBASE:DOGEUSD
by CryptoCheck-
37
Doge Skyrockets 10% on Speculation of Elon Musk's X Payment ChoiBrace yourself, my friend, because Doge has just taken a giant leap forward, soaring an incredible 10% on the back of Elon Musk's latest speculation about its potential as a payment choice for his X venture. 🚀🌕 Yes, you read that right! The Doge rocket ship is on the launchpad, fueled by the excitement surrounding Elon Musk's tweet and the endless possibilities it holds for our favorite meme-inspired cryptocurrency. This kind of news ablaze the crypto community and ignites our passion for the market. Elon Musk, the visionary entrepreneur and Tesla CEO, has always been a vocal supporter of Doge, and his latest hint about Doge becoming a payment option for his X venture has sent shockwaves through the entire financial landscape. The potential for Doge to become a widely accepted currency is now within our grasp, and the market is responding with an exhilarating surge. Now, my fellow trader, it's time to seize this opportunity and make the most of this thrilling momentum. I encourage you to consider investing in Doge for the long term. With Elon Musk's backing and the growing acceptance of cryptocurrencies in mainstream society, Doge's potential is limitless. Here's why I believe investing long-term in Doge is a decision that could reward you handsomely: 1. Elon Musk's endorsement: Elon Musk's unwavering support for Doge has already propelled it to unimaginable heights. With his influence and vision, we can expect further developments and partnerships to solidify Doge's position in the crypto world. 2. Growing acceptance: Cryptocurrencies are no longer just a niche interest. They are quickly gaining favor in various industries and becoming a preferred mode of payment for many. Doge, with its fun and approachable nature, has the potential to capture the hearts of millions worldwide. 3. Community-driven success: Doge's strength lies in its incredible community of passionate supporters. The Doge Army is a force to be reckoned with, and their collective efforts to spread awareness and adoption have already shown promising results. Together, we can push Doge to new heights. So, my friend, I invite you to join me on this exhilarating journey. Let's embrace the Doge revolution and invest in its long-term potential. Together, we can ride the rocket ship to the moon and beyond!
OTC:DOGEFLong
by bryandowningqln