DOGEBTC
DOGE - 12h. Target $0.3, but need to hold $0.16The correction has been going on in the DOGE market for 2.5 months. The price, after a fantastic growth in April-May without volumes , is steadily falling. Sellers confidently keep their trend line, which we marked as a range on the chart. However, sellers do not try to take active actions. In the previous idea, we wrote that the best scenario for buyers is to continue to consolidate and hold the mark of $ 0.18.
As we can see, buyers could not keep this mark and allowed sellers to test the important range of $0.16-0.165 for the third time. This range was tested at low volumes . The DOGEUSDT price bounced off of course, but without hints of stopping the downward trend. Buyers failed to break through the sellers' trend range and, with a high probability, buyers will have to defend the range of $0.16-0.165 again.
A retest of this range will allow investors to aggressively buy DOGE with a target of $0.3 . However, analyzing the desire of buyers to form their own trend, there is a possibility that sellers will be able to break through the range of $0.16-0.165 and continue falling to $0.12-0.125. In such a case, it would be a wonderful range for globally buying DOGE for several months.
It is safe and conservative to buy DOGE after the 0.22 test and holding the mark of $0.18.
In this case, the sellers' trend will be broken and the buyers will prove that they are ready to hold the DOGEUSD price.
Analyzing the DOGEBTC chart, we see that the price has gone beyond the global triangle:
However, the price exited the triangle without aggression, on small volumes . In addition, the price of DOGEBTC is above the important liquid zone 0.00000475-0.00000540 . From this range, buyers carried out a new wave of growth in April.
Therefore, at the moment for us the main scenario is a retest of $0.16-0.165 with a possible false breakout of this range. After that, we expect the formation of a new sharp wave of growth with an ultimate target of $0.3.
An alternative scenario is a fall in the DOGE price to the range of $0.12-0.125. However, this requires the BTC price to update its low.
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Dogecoin - could be a huge drop 😲😲Dogecoin has been moving in a downward pattern for the past month, creating lower and lower highs. At the same time, we can see the creation of a triangle with a clear support level of $0.168, at the last test of this level Bitcoin, rose 20%, while breaking the trend line, at the same time there was a strong volume increase, which meant someone got liquidity to sell. In fact, after that, the Doge corrected again and is now heading towards the lower support level again.
Will the support hold this time?
If the Dogecoin declines and squeezes towards this level, it is very likely that this level will be broken. You could try to enter the trade on a squeeze or safer on a breakdown and test as resistance.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DOGEUSD 4h LONG/BULLISH - BOTTOM REACHED!DOGEUSD 4h LONG/BULLISH - BOTTOM REACHED! - I personally just entered a LONG position on DOGEUSDT after a long time only shorting, I believe that there is a strong possibility that we just changed trends on the 4 hourly TF, on the daily we are ranging, we weree in a downtrend on the Daily and 4 hourly TF with our Fibonacci Extension target being hit on BOTH right now and i see strong support which gives me the idea that we changed trends. If this is true I will be updating our targets! THIS IS AN IDEA, DO YOUR OWN RESEARCH BEFORE ENTERING TRADES!
DOGE - Daily ChartDoge just bounce back up from support and might consolidate a bit on that area, after that I think it will drop even more...
Use these two support and resistance area for your trade setup today. I'll keep this chart updated...
There are shocks in the market right now which can put effects on these support and resistance area but you still have to be careful with your short positions.
Current Market Price: $0.18408
Good Luck
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AND HERE WITH DOGE UPDATE SINCE LONG LONG TIME! Hello Trading friends,
It's a long time ago since we did update a doge update, and with did update the last ones with recovery for doge, and from this target, Doge looks again interesting. those did follow us know that we did add a chart to check doge at 0,04 and after price hit 0,70+ we did add a short idea on doge.
Know that we try to get the best moments for new enters and there is noting 100% sure as the market goes on their way, and also on this update, it means not that you should enter directly, use your good risk management and good SL.
Why this update?
The market trend and data of doge show a possible increase trend on doge coming time.
Know that at some time the increasing trend not coming directly, and also don't expect always directly increase - market go on their way.
Trade safe, and have a good time
Follow/like for more doge updates.
Thank you
Dogecoin Bullish Breakout!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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Dogecoin looking to breakout currently. If bitcoin holds major support or starts moving up we can have dogecoin explode to 0.25-0.30$
DOGE/USDT (Retesting 200D MA Support)💎Technical Analysis Summary💎
DOGE/USDT
-DOGE is retesting the 200D Moving Average at around $0.17
-The last time the price almost touches this level was on June 22
-If history will repeat itself, there is a potential bounce up reaction
-But that all depends if BTC can hold the 31k area of support in the coming days
-Yes, it is a good idea to buy at support but provided there is a sign of strength or reversal
-Good luck traders and stay safe!
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DOGE - Daily ChartDOGE just keeps getting lower and lower.
It just crossed an important support and if the candle closes below that support, I think we will see the price reaching the main support (down the chart) again. The price might move back up after that but it's not a sure thing.
I'll keep this chart updated.
Current Market Price: $0.1794
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#DOGE - CALM BEFORE THE STORM We hit our lower resistance, now we should see a bit more consolidation before a Bullish Reversal.
I've already pointed out the Triple Bottom which typically leads to a Bullish reversal, we may very well see a slight dip to wipe out any of the paper hands that are still here. But it is almost time...
Doge build up for Aug.By know you already know I am eyeing a Breakout in Aug. there is no set week or day but I do believe we'll consolidate for a few weeks then start to see some big movement.
We very well may see a final big pullback in hopes to flush out all the paper hands, but the end of the year is going to be great for Crypto.
*Not Financial Advice
DOGE - Pumped and now fights resistanceDOGE is still at the same scenario since yesterday.
This resistance is a good support once we cross it...
Now the price is fighting this resistance but I'm assuming that if Bitcoin pumps just a little bit higher then DOGE will have double that pump.
But since we're stuck here, use this chart as your trade setup.
I'll keep this updated.
Current Market Price: $0.20193
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DOGE/USDTDOGE is now sitting on support. DOGE is in long downtrend and unable to break the trendline resistance. If it breaks the support zone of $0.195-$0.2 then we will see a retest of the liquidity area. Wait for a breakout of the downtrend or support zone before opening any new positions in DOGE.
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