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Dogecointrading

DOGEUSD: Bullish breakout imminent. Target 0.4000Dogecoin is trading under the 1D MA50 and just turned bullish on its 1D technical outlook (RSI = 58.834, MACD = 0.000, ADX = 43.260). This is the same accumulation process that took place in Jan-Feb and before that pre October 2023 that initiated the bullish phases of the Megaphone pattern. We expect the new one to have began by June, targeting the top of the Bullish Megaphone (TP = 0.4000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:DOGEUSDLong
by InvestingScope
1
DOGE Daily TA Cautiously BullishDOGEUSD daily guidance is cautiously bullish. Recommended ratio: 65% DOGE, 35% Cash . * CRITICAL RESISTANCE WATCH/PCE INDEX WATCH . All Risk-On assets are rallying off of "dovish" remarks made by Fed Chair Jerome Powell in his speech at the Brookings Institute earlier today . To condense it, he: reiterated the same narrative that inflation has a long way to go before coming down; expects October Core PCE to fall to 5% from 5.1%; said that decreases in rate hikes can start as soon as December; the terminal FFR for 2023 will likely be higher than projected in September's meeting (5%++); and that housing-services inflation should begin to fall in 2023. SBF was interview by Andrew Ross Sorkin who did a rather good job of asking hard questions, and to condense it, SBF denied fraudulent intentions and instead said: lawyers didn't want him to talk; it was failure of risk management; there wasn't enough oversight; he unknowingly comingled user funds; FTX US should be solvent and can process withdrawals immediately; regulations are BS; he takes prescribed "focus" drugs; he donated to both Liberals and Conservatives equally; VOX DM's were a mistake; and that he supports good journalism. Interestingly, he admitted that most journalists are Liberals, so whether he donated equally to both parties is up to debate; though most of his Conservative donations were "dark contributions" . The last Beige Book of 2022 was released today and to condense it: most (if not all) districts expect an economic slowdown in 2023 marked by slowing demand and a tightening labor market. November US Consumer Confidence reported yesterday (11/29) and came in at 100.2, lower than 102.2 in October; with inflation and interest rate hikes expected to continue weighing on markets in 2023. The second US Q3 GDP estimate was reported today and came in at 2.9% vs 2.6% in the first estimate, this is mainly due to upward revisions in consumer spending and non-residential fixed investments. In lighter news, Tim Cook gave Elon Musk a tour of Apple Headquarters and clarified that Apple had no intentions of removing Twitter from the App Store . Cryptos, US Equities, US Equity Futures, N100, NI225, HSI, CNYUSD, JPYUSD, GBPUSD, EURUSD, Metals, Natural Gas and Short-Term US Treasurys are up. DXY, VIX, Oil and Agriculture are down. Key Upcoming Dates: October PCE Index at 830am EST 12/01 ; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14. * Price is currently trending up at $0.106 as it tests $0.112 minor resistance. Volume finished today's session Moderate (high) and is on track to favor buyers for a third consecutive session if it can close tomorrow's session in the green. Parabolic SAR flips bearish at $0.079, this margin is bearish at the moment. RSI is currently trending down and testing the uptrend line from December 2021 at ~61 as support after peaking at 64; if it can bounce here it would imply that the uptrend is still intact. Stochastic remains bullish and is currently trending up at 99 as it approaches a retest of max top (it's currently trending in the 'bullish autobahn'). MACD remains bullish and is currently trending up at 0.0036, the next resistance is at 0.01. ADX is currently trending up at 30 as Price pushes higher, this is bullish at the moment. If Price is able to break above $0.112 minor resistance then it will likely aim to formally retest $0.162 resistance . However, if Price is rejected here, it will likely retest the 50MA at $0.087 as support . Mental Stop Loss: (one close below) $0.095 .
BITTREX:DOGEUSD
by dailytaguy
DOGE Dogecoin: Re-Test of ChannelHello friends, today you can review the short-term technical analysis on a 1H linear scale chart for Dogecoin ( DOGEUSD ), a cryptocurrency. 1) Dogecoin price broke out of a multi-day Parallel Channel with respective support and resistance areas. 2) The price may come back down to the 0.236 Fibonacci Retracement area at the top of the channel before moving back up. 3) The target price of the breakout of the parallel channel has already been met, but there may be a chance to go back up as Volume is back in. 4) The RSI (relative strength index) is being supported by a trendline which it may come back down to re-test. 5) The upside idea may be invalidated if the price comes back into the Parallel Channel. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? 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
2
Doge Important Update I believe we may see a large pullback too .15 as we approach October. I analyze the S&P 500 chart from time to time & we have just hit the top resistance in the uptrend we've been in since Feb 10th. We may see a large pullback of about 30% which will also have an effect on Bitcoin, with that being said we all know that Bitcoin controls the Crypto Market so we will all follow. There is still a chance for us to consolidate, but I wanted to give you all a heads up as we move forward. This does not mean we are going to zero, it just means we may see a healthy pullback before the Q4 bull run. I do hope it doesn't pan out this way, but wanted to give you both sides of the coin.
BITTREX:DOGEUSD
by Kyle_Kinnaird
1