Alikze »» DOGE|Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
📣 BINANCE:DOGEUSDT
🟢 It is moving in an ascending channel that has had positive reactions to the trend line several times.
🟢 It is currently in the important area of 39 cents. If the price can stabilize above the 39 range, it can touch the nearby targets of 43 and 48 cents.
🟢 Therefore, by stabilizing in the 39 cents area, it will be able to break the supply area for the mentioned nearby targets.
💎 BINANCE:DOGEUSDT in the weekly timeframe:
💎Considering that in the weekly timeframe, Dogecoin has succeeded in breaking the triangle density, therefore, Dogecoin can continue its growth in this upward rally to the height of the triangle, which this growth from the golden area of the previous wave can touch the target of the previous major ceiling and the $ 1.2 range.
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Dogecoin
DOGEUSDT WEEKLY : Long-term RoadmapHi friends,
I have left you with a long-term analysis of Dogecoin, which I foresee with the Alt Season occurring in the first quarter of 2025.
SecondChanceCrypto
⏰ 19/Jan /25
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
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DOGE Potential 40% Increase
Current Price Action:
Dogecoin is trading at a critical support zone around $0.39, which previously acted as resistance. After breaking out of a rising wedge, the price retested the support, forming a potential base for another rally.
📈 Why a 40% Increase is Possible:
1️⃣ Strong Support Levels: The $0.38–$0.39 zone shows buying interest, creating a foundation for upward momentum.
2️⃣ Key Resistance Levels: A move above $0.42 could open the path toward $0.55, representing a ~40% increase from current levels.
3️⃣ Market Sentiment: Increased trading volume and positive momentum across the crypto market could further fuel DOGE's rally.
📌 What to Watch For:
Confirmation of support holding at $0.38.
Breakout above $0.42 for bullish continuation.
Update on Doge!BINANCE:DOGEUSDT
last time we talked about Doge,The price was at the bottom but now It's reacting as expected to the first Major resistance.
the price might wanna extend further but the resistance must be broken in order for us to be sure!
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This is not financial advice. Always manage your risks and trade responsibly.
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Nobody appreciates it !!!As I analyzed earlier, the price has increased, and now the price has broken through two ascending patterns of a triangle and a cup and handle. Now it's time for another rise, but if it were that easy, everyone would be wealthy. I think the price will fall below the support line of the triangle due to the liquidation of traders and then increase towards the target. So be caeful.
previous analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOGE to $1.16 is ProgrammedHistory doesn't repeat itself, but it often rhymes.
Donald Trump, who is to assume office in a few days time, is an avid proponent of cryptocurrency. This entire bull run of 2024-2025 is based on memecoins, and it's hard to deny that attention will be shed on DOGE, the OG memecoin.
From a technical analysis perspective, Dogecoin demonstrates perfect bounces off support and resistance of the fibonacci retracement levels. Drawing levels from its all time highs of 2021 to the lows of 2023, we have seen DOGE's impulsive and corrective waves perfectly strike the fib levels.
Wave 1 formed its high at the 0.236 fib resistance, and wave 3 formed its high at the 0.618 fib resistance. We have recently seen local lows form at the 0.382 fib support, before a 12% spike in a single day.
Given that extended wave 5s aren't unusual in the cryptocurrency space, and based on fractals from historical price action, it is not unreasonable to assume that DOGE can reach the 1.618 fibonacci resistance at $1.16, though I believe such highs may be short lived.
DOGE on next leg up, as predictedI have been charting DOGE for years now. I called the crash from 80cents area and chart is linked below. I have been charting it since then and called most of the moves accurately.
What we have now for DOGE is on this 5 day chart (right chart) it is at the similar stage as per the last cycle where red arrow is.
Target is the rectangle box above.
DOGE should hold the EMA21 on it's parabolic move up.
Don't forget to smash that rocket like button.
DOGE Accumulates at $0.41: Bulls Eye $0.445 Targets!DOGE/USDT 4H Chart Analysis
Market Structure:
Current Price: $0.41.
DOGE is in a clear accumulation phase, supported by institutional activity in the $0.36-$0.38 zone.
Key Levels:
Support:
Accumulation zone: $0.36-$0.38.
Resistance:
T1: $0.425.
T2: $0.445.
Momentum Indicators:
RSI: At 59.28, showing hidden bullish divergence, signaling strong potential for continuation.
Volume Profile: Recent spikes in volume suggest institutional buying pressure.
Trade Setup:
Entry: $0.408-$0.412.
Targets:
T1: $0.425.
T2: $0.445.
Stop Loss: $0.388 (below the accumulation zone).
Risk-to-Reward: Favorable with strong support levels holding.
Confidence Level: 8/10 for bullish continuation.
Market Maker Activity:
Accumulation: Institutional buying is evident in the $0.36-$0.38 zone, preparing for a push toward higher price levels.
Expectation: Price likely to target premium zones above $0.42, with market makers driving the
trend.
Considerations:
Volume confirmation: Ensure continued strong buy volume near $0.42 for a successful breakout.
Support integrity: Monitor the $0.408 level to ensure it holds for bullish momentum.
Resistance reaction: Be cautious around $0.425-$0.445 for potential pullbacks or consolidations.
This setup indicates a bullish continuation to $0.425 and $0.445, with accumulation driving the next leg up.
DOGE’s Next Move: Key Levels to WatchAfter a remarkable bull run from September to December 2024, DOGE concluded its rally with a rising wedge pattern, a sign of exhaustion. This structure also marked the completion of a 5-wave Elliott structure. The breakdown from the wedge came with a clean retest, followed by a significant drop.
Current Market Outlook
The new year began with a bullish rise, reaching the 0.618 Fibonacci retracement level at $0.364 (drawn from the high at $0.48434 to the low at $0.26216), a great short setup. Presently, DOGE appears to be forming an ABC corrective structure, with wave C in progress.
Additionally, a Head and Shoulders pattern is developing, with the neckline sitting close to the yearly open at $0.316.
Support and Confluence Zones
1.) Fibonacci Level:
The 0.618 Fibonacci Retracement of the 5-wave structure is positioned at $0.2353, which aligns with the Head and Shoulders target for strong confluence.
2.) Fair Value Gap (FVG):
There is an unfilled FVG and November’s untested high at $0.22888, which adds significant support confluence.
3.) Trend-Based Fib Extension:
Using the Trend-Based Fib Extension from wave B, the 0.786 Fib lies near the $0.2353 - $0.22888 range for further alignment.
4.) Monthly Level:
The monthly level at $0.22 strengthens the case for this zone being a critical support area.
5.) Fib Speed Fan:
If price drops to the $0.2353 - $0.22 region between January 17th and the end of the month, the 0.75 Speed Fan Fibonacci will also align with the support zone, further emphasising its importance as the fair value trend line.
Trade Setups
Short Setup:
Entry: Around the $0.397 0.618 Fib Retracement level
Stop Loss: Above $0.43
Take Profit: Targeting around $0.25/24
Risk-to-Reward (R:R): ~5:1
Potential Long Setup:
Entry: Within the $0.2353 - $0.22 support zone (confirmation needed)
Stop Loss: Below $0.22
Take Profit: Targeting around $0.275
DOGE Ready to Soar Breakout Confirmed with Consolidation AboveBreakout Confirmed
The price has broken out of the symmetrical triangle pattern on the 4-hour timeframe, indicating a bullish momentum.
Higher Time Frame Alignment
If higher time frames (like daily or weekly) are also showing bullish signs, it strengthens the breakout's validity and suggests the trend is likely to continue upwards.
Consolidation Above Trendline
The price is consolidating above the previous resistance (upper trendline), which has now turned into support.
This consolidation is a healthy sign of market strength, as it allows buyers to gain control before the next leg up.
Next Move
A breakout from this consolidation phase would confirm the continuation of the uptrend.
Immediate targets are $0.42 and $0.45, with a potential to move toward $0.50 if bullish momentum sustains.
Entry Strategy
Wait for a bullish breakout from the consolidation with increased volume for a safer entry.
Place a stop-loss just below the trendline or consolidation zone.
Risk Management
Maintain proper risk-reward ratios to account for any potential pullbacks.
DOGE to $3.00 isn't a matter of if but WHEN.Dogecoin / DOGEUSD is having a strong week so far and has recovered last one's losses.
This consolidation is almost an exact (over the 1week MA50) repeat of January 2021, the symmetrical level time-wise of the previous Cycle.
The rise since the August 2024 bottom has been so far +480%, exactly as much as the November-December 2020 was.
Phase 2 after January consolidation, stopped at +3600% from the bottom.
If DOGE continues to replicate the previous Cycle, a +3600% from its August 2024 bottom would bring it to $3.00.
And if anything it can be as early as in 3 weeks but of course 'later' wouldn't mind Doge investors either!
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DOGE Breaks Out at $0.37: Bulls Target $0.42!DOGE/USDT 4H Chart Analysis
Breakout confirmed: DOGE has broken above the equilibrium zone, with strong bullish momentum supported by volume and RSI.
Current price: $0.37.
Key levels:
Support: $0.34 (established as the recent base).
Resistance:
Primary: $0.40 (premium zone).
Target: $0.42 (major resistance).
RSI: Currently at 68, showing bullish momentum but not yet overbought, suggesting room for further upside.
Trade setup:
Entry: Current level ($0.37) or on a slight pullback near $0.345.
Target: $0.42 (key resistance level).
Stop loss: Below $0.345 to limit downside risk.
Risk-to-reward: A favorable setup with clear targets and manageable risk.
Confidence level: 7/10 for bullish continuation toward $0.42.
Considerations:
Volume confirmation: Ensure continued strong buy volume to sustain the breakout.
RSI monitoring: Watch for overbought conditions as price approaches $0.40-$0.42.
Resistance reaction: Be cautious near $0.40; a failure to break could lead to temporary consolidation.
This setup indicates potential upside to $0.42 if the bullish momentum persists and $0.34 support remains intact.
Two Bullish Patterns Hint at Major Rally for DogecoinIn the 4-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a cup and handle. If either of these patterns breaks, the price of Dogecoin can reach around 47 cents.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Doge's Journey to the MOON? $1.42 and Beyond Morning Trading Family
Hold onto your leashes, traders! If our 30 cents at supports holds firm, we're in for an epic ride:
First Stop: 50 cents - A nice little hop.
Next Leap: 61 cents - The momentum builds.
Gearing Up: 83 cents - We're picking up speed.
Moonshot: $1.42 - Aim for the stars!
Keep your eyes on the charts, and let's see where this meme coin takes us next!
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Kris/Mindbloome Exchange
Trade What You See
Will Dogecoin hit 0.048? Can you capture 45% gain?Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Doge coin , 📚💡
A 45% price jump for the coin looks promising, though we might see short-term bearish pullbacks or consolidation before a bigger rally. The chart has highlighted key support levels to manage these fluctuations. Recently, the coin broke through several major resistance points, signaling a shift in market sentiment. 📚🎇
This change is significant, as the coin gains momentum, fueled by increased trading volume and rising attention on social media. Together, these factors suggest strong positive momentum for the coin’s future growth. 📚🙌
🧨 Our team's main opinion is: 🧨
A 45% price surge looks likely, with key support levels and growing trading volume signaling positive momentum after breaking resistance points.
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Bulls or Bears? Who’s going to be Top Doge!The market remains in a critical state, with key levels in play that will determine the next major move. The price has failed to break the .41 level, confirming the development of a 3-wave move up. This signals that the market may be entering a period of consolidation or correction, rather than continuing its upward trajectory.
Currently, the price has broken below key support and is facing rejection at this level. This rejection suggests that bearish momentum could be taking hold, with the potential for an impulse move down in the near future.
For bulls, the immediate focus is on reclaiming the .35 level. If the price fails to regain this level, the next potential target could be .28. Traders should remain vigilant as the market tests these crucial levels.
Key Levels to Watch
.35 Level
For bullish traders, reclaiming .35 is critical. If the price breaks back above this level, it would signal potential strength and might open the door for further gains. A failure to reclaim this level, however, could signal the start of a deeper pullback.
.28 Level
Should the bulls fail to reclaim .35, the .28 level becomes the next major point of interest with a potential of going deeper. This level could act as strong support, but a break below it may lead to further downside potential.
Potential for Impulse Down
At the moment, the market shows signs of a possible impulse move down, especially if the bulls cannot regain control above .35. If the price continues to reject at key levels, the market may quickly shift toward bearish pressure, with .28 coming into play as the next potential target.
DOGEUSD: Typical prerally accumulation. Strong BUY.Dogecoin turned neutral on its 1D technical outlook (RSI = 45.150, MACD = -0.010, ADX = 26.634) as it tested the January 9th low. Technically this is a HL on the Channel Up that started after the December 20th 2024 bottom. The 1D RSI pattern looks very much like the last time it was trading on those (nearly) oversold levels after the August 5th 2024 bottom, as well as the time before that, the January 7th 2024 bottom.
All three are Channel Up patterns that were technical accumulations, separated in two phases. We have denoted those with the Arcs. In relative terms with those past patterns, we are currently at the end of accumulation phase 1, so the price should start rising to a new HH on the Channel Up. The past two patterns kickstarted a parabolic rally after that HH pullback, that marginally exceeded the 3.0 Fibonacci extension.
This projects that DOGE's long term target is the new 3.0 Fib from High to Low (TP = 1.6000).
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Dogecoin - The Dog Is Still 100% Bullish!Dogecoin ( CRYPTO:DOGEUSD ) is still dominated by bulls:
Click chart above to see the detailed analysis👆🏻
I know, a lot of people are already freaking out about Dogecoin because of the recent dump of more than -25%. But we just witnessed a rally of more than +500%, so give this coin some room to breath. Everything remains 100% bullish, even if we see another short term pullback.
Levels to watch: $0.5, $0.2
Keep your long term vision,
Philip (BasicTrading)