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Dogecoinpriceprediction

DOGE → First Sell-off Complete! Another Push to the Downside?Dogecoin, along with the rest of the crypto market, had a severe bear response to Bitcoins completion of its measured move. Are we in for another leg down? How do we trade this?  🤔 I don't think it's reasonable to short here, not yet at least. We need a little more recovery from the first sell-off toward the Resistance Zone at $0.0865. If we get a sell signal from that area, it's reasonable to short Doge on the Daily chart toward the initial support of $0.0675. Until then, it's best to wait on the sidelines for the RSI to come up, and the bears to recharge. It may be a while before Doge recovers and heads to a new high in this trend. The macro-trend is bullish in the crypto market, so we should be cautious when capturing these bearish movements on altcoins. 💡  Trade Idea  💡 Short Entry: $0.0835 🟥 Stop Loss: $0.0890 ✅ Take Profit: $0.0725 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Bull Channel Concluded with a Double Top Reversal. 2. Trend Changed to Trading Range then 1st Push Down. 3. Bounced off of 200EMA Support, wait for new Sell Signal. 4. RSI at 36.00 and below Moving Average. Bias to Short. 5. Wait for Sell Signal After Test of Resistance Area. 💰  Trading Tip  💰 Channels are often concluded not with a strong reversal, but first a stall of the trend with a trading range. A reversal is likely if the trading range comes at the end of a three-leg trend. ⚠️  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!
Short
by TraderEngineering
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
GOLD ON RESISTANCE, MARKET BULLISH Dogecoin has taken a great move it was moving in a parallel channel and today it break and went to resistance 0.265-0.27 Price is above 200MA shows market is bullish. Just wait for daily candle closing and if price is above 0.27 it will move to above resistance otherwise it will come to support, parallel channel. Buy at support 0.2250 or at 0.272 (recommended to see daily closing candle. HAPPY TRADING. Comment any query. Like and Follow, Thanks
by ProTradingPoint
DOGE, Dogecoin - we can reach a new low. See why...The price broke through the accumulation zone downwards. This is the first and the main reason for the further decline. We don't have the power for growth. I think we can reach a new low. The entry point for short after retesting to trendline. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
7
DOGECOIN - SWING TRADE ANALYSISHere is my last report on dogecoin It's going up following the research analysis, After a tweet by Elon Musk there is a good rally from the support line and it's now trying to give respect to the formation, there is a good flow on the chart it's already up by 35% from the bottom so the correction was well settled by the bulls and I have mentioned the road map on the chart for the potential upcoming moves. Do write in the comment section if you want analysis on any other asset. Hit the like button and share the ideas with your friends , Thanks
BITTREX:DOGEUSDLong
by Professor_GS
2
DOGE, Dogecoin - new pump soon?After a post on Twitter from Elon Musk, the price rose up by 35%. Now we see healthy correction near to support line. I expect further growth after the breakout local trendline. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
20
Dogecoin PossibilitiesI am noticing a few different things happening on this 1hr chart. We have broken out of a symmetrical triangle. For me, the measured move target is about $.078. I will also be waiting in the bushes to see if the bullish cypher (or another harmonic) develops. To me, this would be healthy as we would retest the trendline/channel and potentially take off from there. I also see some hidden bullish divergence on the RSI. Let's see what's in store for Doge! Owhooooo!
BITTREX:DOGEUSD
by Akamer-the-Werewolf
3
DOGECOIN AND BITCOIN | Could dogecoin go up ?Hi Guys ! On the technical side, we have a pattern which is showing some loss of momentum on the 4H timeframe so we can anticipate a continuation to the upside. Based on that keep your eyes on 15 - 1h timeframe for your buy setups before entering the market without having this setups don't get in. Don't chase the running candles. There is the move with +150% to be made (if this dogecoin chart follows the script) and the trade has a nice protentional reward. Any strong break to the downside will invalidate the setup. Day trading dogecoin can give a nice profit. We have a dogecoin discussion yesterday on a live stream. If you want watch the recordings. The Risk: As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( It doesn't matter if Elon Musk buy dogecoin or if Elon Musk tweets about dogecoin) . However if you don't over risk and follow the plan than there is noting to lose in this crypto trading. Trade with care !
Long
by kristijanslatinsek
20