Dogecoin Analyze (Short term, Timeframe 4H, 11/01/2022)!!!🐶After the purchase of Twitter by Elon Musk, we saw an increase in the price of Dogecoin.
It seems that the growth of Dogecoin has reached an important resistance zone, and the bearish reversal candlestick pattern also confirms my words = 🌟Shooting Star Pattern🌟.
Also, we can see a Regular Divergence (RD-) between the Price and RSI indicator.👇
I expect Dogecoin will go down at least until the support zone.
Dogecoin Analyze (DOGEUSDT) Timeframe 4h⏰ (Log Scale)
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DOGEBTC
The next important level!The happiness of Dogecoin buyers continues along with the favorable atmosphere of the market!
Dogecoin, which has recently started a significant upward movement with the news of buying Twitter by Elon Musk, has recently attracted new buyers with the tweet of Dogecoin's logo by its new owner.
This situation, along with reducing the pressure on the cryptocurrency market and creating a fluctuating situation, has made good conditions for the growth of DogeCoin, which experienced a 93% drop from its historical peak.
Meanwhile, the Federal Reserve, which is trying to rein in inflation by implementing its strict control policies, is likely to reduce its steps in the November meeting, which, if realized, can further reduce the double pressure on the cryptocurrency market. And this is a reason for investors to become braver.
Further, by examining the chart of this meme coin in the daily time frame, there is a high probability that the price will continue to grow until the next important level of 0.1730-0.1800.
DOGE double Head & ShouldersPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
Dogecoin formed "embedded" Head and Shoulders pattern - smaller cyan (H&S1) and bigger orange (H&S2). Head is same for both, just different shoulders. Price broke the yellow uptrendline, H&S neckline1, and then also H&S neckline2 which has been backtested recently - price rejected. If we make lower low (below the white dashed @ 0.05588) DOGE can start the decline to Head and Shoulders targets (TARGET1 and TARGET2). INVALIDATION1 relates to cyan H&S1. INVALIDATION2 relates to orange H&S2.
SHIB doesn't look good either:
BTC doesn't look good either:
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
DOGE TO MORE THAN 13X BY XMAS ? $1.69 ?What if this is setting up to be an April 2021-like DOGE run against BTC? If using 2021 as reference, and DOGE does begin to make new highs against BTC into end of year, a similar percentage increase has it around 3333 sats. Remembering 2021, these moves happen fast, leaving few opportunities for sidelined investors/traders to jump in -- in only 6 weeks DOGE went from its April 2021 trough to SNL peak that May. Fast forward 18 months and it appears DOGE has possibly initiated a similar move as it doubled against BTC in just a few days. If this is the beginning of April 2021-like move then DOGE can potentially 14x to 3333 sats in a move with similar percentage change to 2021. 2021's spiritual successor xmas pump.
Keep an eye on DOGE!Here's a quick Look at DOGE 30 min chart .
The best entry would be when the price breaks above 0.1265$ with a good amount of volume . One to keep an eye on.
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The idea is: Buy when the price breaks above 5.1$ and take profits at the levels shown in the chart.
Targets:
1. 0.129$
2. 0.134$
3. 0.142$
4. 0.15$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Dogecoin formed bullish Gartley for upto 41.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Dogecoin .
On a 1-hr time frame, DOGE has formed bullish Gartley setup.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
DOGE strongest pump since monthsDOGE / USDT
Strongest pump since 2021 with breakout of 18 months falling wedge (557 days )
Could this be a new bull cycle for doge ?
blue rectangle marked in my chart should hold to remain bullish
Where are DOGE fans ?
waiting your questions/thoughts in comments section below ⬇️
DOGE - To the moon! Huge bull flag | +5000%
Doge is absolutely ready for a massive impulsive wave to the upside on the macro scale!
The chart is printing an impressive bullish flag on the weekly chart with an ABC ZigZag structure, which is even better.
As you know, I am very bullish on Bitcoin for the upcoming year 2023 and the BTC dominance chart indicates a juicy alt season!
As per my Elliott Wave analysis on the macro scale, we have finished a corrective ABC wave 4, and we are currently starting a final impulsive wave 5.
We don't really know what price DOGE can reach, but I expect the 0.618 FIB or the 0.764 FIB extension from Wave 3 -> Wave 4.
The average transaction fee on DOGE is currently 0.04 USD and the confirmation time is below 1 minute.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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DOGE/BTC is breaking up mid level of downtrend channelBINANCE:DOGEBTC moves wonderingly completely different from the BINANCE:DOGEUSD chart.
It shows early signs of recovery. But it is certainly needs to continue the observation. Zoom in the chart to understand the movement.
For the study purpose only, not a financial advice.