Dogecoin
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.
Doge Pay Day Possible Flag Forming on 15m towards top trendlineThe Flag is kind of sloppy but it can be blamed on BTC and market movements just an idea here because if you measure how much the flag gives you it brings us exactly to the upper trendline for another possible 3rd touch and possible breakout again or of course rejection
You can see my other Doge Chart below where I called the breakout perfectly reaching 100% of the target originating from invesrse H&S
I do stress caution and to take profits along the way as doge has been swinging around on dips from bitcoin
DOGE → Breaking Resistance to $0.10? $0.15?? Let's Clarify.Dogecoin is knocking on the door of the Resistance Zone looking to hit the next price targets. We're currently in an ascending triangle which is bullish, will Doge break out?
How do we trade this? 🤔
There are several reasons to be bullish; Bullish Macro Trend, Ascending Triangle pattern, Above 30EMA and 200EMA Ribbons, RSI above the Moving Average, and Bitcoin broke out of its Weekly Resistance. That's quite the list of reasons to get long! But should we long now?
There is one important reason we shouldn't long; we're at resistance. Never long resistance! We should wait for resistance to be broken and then tested as support before entering a long position. Once broken and support has been tested, long around the $0.89 area and set a 1:3 Risk/Reward. I recommend selling half of your position at 1:1 Risk/Reward, moving the stop loss up to your entry price, then swinging the rest of the position to at least 1:3 Risk Reward or until you see a reversal signal.
The immediate target after breaking resistance is $0.10 but if the market takes off, we could see highs up to the next major resistance around $0.15.
💡 Trade Idea 💡
Long Entry: $0.888
🟥 Stop Loss: $0.8620
✅ Take Profit #1: $0.9140
✅ Take Profit #2: $0.9666
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Ascending Triangle, Bias to Long.
2. Two Rejections, Third one is underway.
3. Wait for a Break of Resistance and a Test of Support Before Longing.
4. RSI at 63.00 and below Moving Average, Short-Term Bullish.
5. Long Above Resistance, Stop Loss Below Resistance Zone.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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SasanSeifi 💁Daily Price Analysis and Potential Growth ScenarioHello there! 😊
In the daily time frame, as you can see, the price has been accompanied by a minor correction, and it has currently shown positive reaction support. It seems that the price is in the process of completing a pullback. The scenario we can consider in the daily time frame is as follows: if the support range is maintained, the price may continue to the resistance range of 0.074 and the supply zone of 0.080 with further growth. In the case of growth, to understand the continuation of the price movement, we need to see how the price will react to the resistance zones.
🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
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Dogecoin (DOGE) Poised to Continue Upward Trend
Dogecoin, maintaining a high correlation with Bitcoin, is also experiencing an upward trend. Since October 15, DOGE has increased by 70%, marking a new annual high at $0.0925.
With Bitcoin's ongoing positive trend, the growth of DOGE is also expected to continue. The next targets for buyers are set at $0.094, $0.097, and the significant $0.100 level. These targets may be tested as soon as the coming week.
If a market correction occurs, DOGE’s price could drop back to support areas around $0.086-$0.088, $0.0821-$0.0841, and $0.0800. However, if Bitcoin sharply falls below $39,000, DOGE might swiftly break through these support levels, suggesting that setting limit orders at this time might be risky.