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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
Dogecoin Consolidates With Rising Volumes, DOGE Adds 26%Past Performance of Dogecoin Dogecoin remains under pressure. Even though it is up roughly 10% in the last trading week, it remains within a bear formation with caps at $0.078. The good news is that DOGE prices are above the middle BB and steady above $0.070. Still, for the uptrend to take shape, there must be a conclusive high volume close above $0.078 in the days ahead. Dogecoin Technical Analysis DOGE is up 26% from March lows, but prices are moving horizontally with limits at $0.078 and $0.070, respectively. The coin remains within a bear formation unless bulls break above $0.078 with expanding volumes. The only positive in the current formation is that the leg up is with expanding volumes, increasing the probability of a bullish breakout. In that case, the bear breakout of March 3 will be invalid, allowing traders to ride the emerging trend targeting $0.090. Any dump below $0.070 with such rapidity will likely cancel this bullish preview. What to Expect From DOGE? DOGE remains in a consolidation though volumes are relatively higher. Though prices are also higher, the failure of bulls to push above $0.078 could suggest weakness. Still, it is until there is a clear trend definition above or below the current consolidation that traders can open positions, riding the trend. Resistance level to watch out for: $0.078 Support level to watch out for: $0.070 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Dogecoin Drops 20% from February Highs; Support at $0.080Past Performance of Dogecoin Dogecoin is, like the broader market, under pressure. It is down roughly 20% from February highs and will likely shed more in the days ahead. Going forward, traders should watch how prices react at around $0.091 and support at $0.080. #Dogecoin Technical Analysis Bulls are confident, but how prices react in the short term depends on where prices float or dump to next. DOGE is anchored by the bear bar of February 9, a wide-ranging candlestick that still shapes the current trend. For the trend to be defined, there must be a close in either direction, in a breakout. This could allow traders to ride it as the trend resumes, or retest immediate support levels at $0.10, and $0.073, respectively. What to Expect from #DOGE? DOGE is around the 61.8% Fibonacci retracement level of the December to February 2022 trade range. However, DOGE is confined in consolidation with decreasing volumes, a concern for bulls. As aforementioned, the failure of bulls to close above the February 9 high swings price action to favor sellers in the short term. Resistance level to watch out for: $0.091 Support level to watch out for: $0.080 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
2
#Dogecoin Consolidating, DOGE Must Break Above $0.098Past Performance of Dogecoin Dogecoin is down 41% from November 2022 highs but remains within a bullish formation. Prices are trending higher, inside a large rising wedge, forming a bull flag. Unless there are sharp gains below immediate support lines, sellers may flow back. For now, traders can watch $0.098 if buyers are to take charge. If not, losses below $0.088 may see DOGE slip lower. #Dogecoin Technical Analysis Dogecoin is bullish, finding support at $0.067. Still, based on the DOGE technical formation in the daily chart, prices may recover, printing higher once there are substantial gains above $0.098, a critical resistance line marking January 31 high. Note that prices, in the short term, are bound between $0.098, marking the bullish engulfing bar of January 31, and $0.088 and the middle BB. From an effort versus result perspective, buyers will have the upper hand if the breakout above $0.098 is with expanding volumes. In that case, DOGE could rally to $0.11, in a bullish continuation formation. What to Expect from #DOGE? The short-term trend depends on if DOGE prices break out from the immediate consolidation. Confirmation of the January 31 bar may see the coin tearing higher to retest immediate resistance levels. Resistance level to watch out for: $0.098 Support level to watch out for: $0.11 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Dogecoin fell 55% from Q4 2022 High; will $0.065 Hold DOGE?Past Performance of Dogecoin Spectacular gains of October were quickly reversed in November and December. From Q4 2022 peaks, the coin fell 53 percent and is now flat-lining in a tight trade range, evident in the daily chart. There are higher highs versus the lower BB, pointing to a possible reduction in selling pressure. Nonetheless, there must be substantial gains above resistance lines for trend continuation. #Dogecoin Price Analysis Bears are in a commanding position, but there are also fundamental factors that influence the coin's performance. In the short term, support lies at $0.065 while resistance is at $0.075 and $0.080—marking December 19 high, respectively. Risk-on traders must wait for a breakout above the current consolidation, ideally above $0.080, before loading the dips, targeting December 16 high at $0.087 or better. If there are sharp losses below $0.065 and last week's low, DOGE may disintegrate, falling back to $0.056. What to Expect from #DOGE? DOGE is within a bullish formation, from a top-down preview. Support coincides with around September 2022 highs. However, whether buyers can initiate longs or traders swing the bear run depends on the reaction at the earlier mentioned levels. Resistance level to watch out for: $0.080 Support level to watch out for: $0.065 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Dogecoin Consolidates above Q3 lows, DOGE's Ceiling at $0.066Past Performance of Dogecoin DOGE prices are trending above Q3 2022 highs at around $0.056. Amid an uneventful price action and hesitant traders waiting for a clear trend definition, bears remain firmly in contention despite slowing down the optimistic bulls. Thus far, the primary resistance, capping buyers' progress, is at $0.066, marking September and October 2022 highs. #Dogecoin Technical Analysis Overall, DOGE is under pressure. The rejection of lower lows and Dogecoin bulls soaking in the strong wave of bear pressure and keeping prices above $0.056 is a net positive. Nonetheless, until there is a sharp reversal from spot levels, ideally above $0.066, with expanding participation levels, traders can begin committing, fading the current trend. Conservative traders can wait for a clean break above $0.066 in a welcomed reversal or below $0.056. A rally may lift DOGE to August highs at $0.088, while sharp losses below September lows may twist buyers' hands, forcing the coin towards Q2 2022 lows at $0.050 in a bear trend continuation formation. What to Expect from #DOGE? DOGE has utility, and Elon Musk's support primarily shores its reputation. Also, the fact that it was one of the first meme coins and a favorite of most new investors is a massive boost. In the short term, how prices react at $0.056 and $0.066 will determine the coin's valuation. Resistance level to watch out for: $0.066 Support level to watch out for: $0.056 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
2
Dogecoin Forms a Double Bottom at $0.06, DOGE adds 6%Past Performance of Dogecoin DOGE prices are firm when writing, riding the crypto bullish tide. Even though it is still in red week to date, the coin is up six percent on the last trading day. The critical support lies at around $0.06. Currently, bulls are beginning to establish themselves, reversing losses of the first half of this week. #Dogecoin Technical Analysis Overall, sellers are in command from a top-down preview as long as prices are below $0.075. However, in the short term, aggressive traders can ride the shift in momentum by loading the dips in sync with the gains registered on July 27. Provided prices are in a tight range above $0.06, traders might find entries to load, especially if there are more gains unwinding losses of July 26 at $0.068. In that case, DOGE may easily float to $0.075 in a retest of the primary resistance level. Conversely, if sellers absorb the bullish momentum triggered on July 27, forcing prices below the double bottom at $0.06, DOGE would likely dump to $0.05 in a bear trend continuation formation. What to Expect from #DOGE? Traders are upbeat, but there must be confirmation of July 27 gains for a clear trend definition. If buyers succeed, DOGE would print reliable support at $0.06 and possibly rise towards $0.075. R esistance level to watch out for: $0.075 Support level to watch out for: $0.06 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
DOGE Dogecoin: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Dogecoin (DOGEUSD). Dogecoin price on a monthly chart moved past the recent resistance and looks to head higher. Fibonacci Retracement levels shown along with 200 SMA and RSI. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITTREX:DOGEUSD
by MillionaireEconomics
Dogecoin Cup and Handle****See my previous Dogecoin idea "My Doge Dream" and be sure to push the blue play button on the right side of the chart to see how my original call for a Doge Cup and Handle has played out.**** On the 4hr chart Doge seems to have formed a cup, so I'll be watching to see if a handle develops. If we do get a move down to form a handle then a break of the handle or the neckline could be a good long opportunity. I'll be looking for Doge to find support somewhere in the .786 to .618 range. If we move down below the .5 Fib of the cup and handle measured move then I would consider the formation undeveloped or invalid. If we get a break of the neckline after the handle forms then my target for Doge will be about $0.12. I'll be hiding in the bushes and watching to see what happens with Doge. Owhooooo!
BITTREX:DOGEUSD
by Akamer-the-Werewolf
9