Dogecoin ready for next rallyHey friends, hope you are well, and welcome to the new update on Dogecoin.
Small Gartley move:
Previously we have seen that the Dogecoin formed a Gartley pattern on a 4-hour chart. There was a complete opened alligator’s mouth below the buying zone like we had the smallest time period simple moving average 25 above all and the biggest time period SMA 200 below all and the priceline surged more than 102%.
New Gartley moves.
Now the priceline of Doge has formed another bullish reversal Gartley move. This time this pattern is bigger than the previous one because it has been formed on the daily time period chart. This time again there is a complete opened alligator’s mouth below the potential reversal zone because again we have the smallest time period simple moving average 25 above all and the biggest time period simple moving average 200 below all.
The priceline of Dogecoin has also formed another Gartley on the same daily chart with Bitcoin pair as below:
Conclusion:
As the priceline of Doge produced more than 102% when it formed a small Gartley pattern then it can be possible that Dogecoin will rally more than the previous rally because this time the harmonic move has been formed on the daily time period chart.
Dogecoinusd
The Bottom For Wave 2 May be In.Intermediate Wave 2 retraced back to the 0.786 level at $0.03177
I entered my position at $0.035
Stop Loss is $0.03 (I May just hold through)
For more information, please view my related chart below
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
Will we break above or below?Current trend lines are holding but soon will have to make a decision within a few hours.
Break above $0.043 and we're going higher.
We can consolidate out of the support line, and the we may break out tomorrow.
Support levels:
$0.0372
$0.0361
$0.035
Center white line of Bollinger band and the Blue and Orange moving averages are also acting as support.
DOGE MACD about to cross on 4H chart and DOGE/BTC has an ascending triangle pattern.
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
Dogecoin Looking Tasty!I've been hiding in the bushes and watching Dogecoin.
It could continue to limp along and consolidate, but it may be breaking out and looking for continued upside. I don't think the current momentum will allow a big move to the downside. For me, if we touch the ascending trendline that would be healthy and I would look to bounce up from there.
The dashed trend lines on this 1hr chart show another way to potentially draw the triangle.
What do you think about Dogecoin?
Owhooooo!
💡 Don't miss the great buy opportunity in Dogecoin/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.032). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Dogecoin/USDT DOGEUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.0500
TP2= @ 0.0600
TP3= @ 0.0850
TP4= @ 0.1030
TP5= @ 0.1330
SL= Break below S2
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DOGE Triangle Pattern - Long @ 126 SatsTriangle Consolidation pattern on DOGE/BTC.
Resistance at 0.00000125 BTC
Support at 0.00000107 BTC
Price Target remains 0.00000214
Coincides with my DOGE/USD price prediction.
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
Cup & Handle - DOGEClear cup & handle on 30 minute time frame.
Chart and Fib levels are in Log Scale.
Could possibly be the last buy zone before it skyrockets.
Support levels :
$0.03612
$0.035
Price target $0.07
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
DOGE - $0.07 Target - Plus Fib PredictionsThere are 3 separate Wave 1 & 2's
Chart and Fib extensions are in Log Scale.
Intermediate (White) Wave 3 Targets are:
- 3.618 = $0.12
- 2.618 = $0.09 - $0.10
- 1.618 = $0.07
Minor (Yellow) Wave 3 Targets are:
- 3.618 = $0.14
- 2.618 = $0.09
- 1.618 = $0.057
Now because the intermediate 1.618 is greater than this price, I'm looking for 2.618 and 3.618 .
Primary (Light Red) Wave 3 Targets are :
- 3.618 = $0.31
- 2.618 = $0.232
- 1.618 = $0.15
Added a price channel which should act as support and resistance.
Validated by multiple touches.
Keep in mind that a large rally can break through the channel.
Fib predictions aren't scaled to time, they are scaled to price. So it may happen a lot faster and the X axis may be more to the left.
Support at $0.035
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
Dogecoin has completed another bullish reversal setupHey friends, hope you are well, and welcome to the new update on Dogecoin.
3 major rallies:
In the recent past, the priceline of DOGE has 3 significant rallies. If we dig these rallies deeper then there are few common moves that can be found.
The 1st rally was in Nov 2020, when the price action moved 80% up and then retraced between 0.618 to 0.786 Fibonacci level, re-tested the EMA 10 and 21, and then started the next rally.
The 2nd rally was from Dec to Jan, when the price action rallied 280% and then retraced between 0.618 to 0.786 Fibonacci level, re-tested the EMA 10 and 21, and then started the next rally.
Now recently we have witnessed the 3rd bullish move that is more than 1100%. This time again after the rally the price action of Dogecoin retraced between 0.618 to 0.786 Fibonacci level. So far the price action of DOGE did not re-test the exponential moving averages 10 and 21. But the EMAs 10 and 21 are again very close to the price action.
A bullish harmonic Gartley move:
While the price action has again been retraced between 0.618 to 0.786 Fib level, it has formed a bullish reversal harmonic Gartley pattern on the 4-hour chart and entered in the potential reversal zone. There is a complete opened alligator’s mouth formation of simple moving averages with the time period of 25, 50, 100, and 200 below the buying zone as strong support.
Conclusion:
Realistically as per the Fibonacci sequence of Gartley the price action has reached between 0.382 to 0.786 Fibonacci projection of A to D leg, but If the price action of Dogecoin will repeat the recent history then it can set a new high than the recent high.
DOGECOIN before a 534% increase.DOGECOIN before a 534% increase. It can be seen from the analysis that an extremely regular fractal movement can be formed. Since we’re talking about Elon Musk’s favorite crypto currency, one can’t abstract from the assumption that there is an artificial intelligence behind the price movement. If the assumption is true, the construction of a third fractal can begin. In the structure of a pulse fractured I expect a rise of 534%. Similar to the size of the previous impulse fractals. If this analysis is correct, the target price for the next rising wave is 0.14259246
Greetings to the New World.
DOGE 4h Dogecoin Pump finished ?DOGEusdt chart for those who like to play with highly volatile assets.
Lower support levels are 0.025$ and 0.017$
The active sales are around the area of 0.06$
We described in more detail what happened to the Dogecoin in our previous idea.
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DOGE 12h Dogecoin + Defi = Pump!And we return to the Dogecoin joke-project. In the previous idea, we described how the project hyped on Elon Musk's tweets and predicted the price movement very accurately.
Yesterday and today DOGE continues to hype, becoming part of the Defi sector.
Dogecoin is now available as renDOGE on the Ethereum network, opening up a whole new world of opportunities for the crypto community.
The Dogecoin community can now hold DOGE while spending and participating in DeFi.
renDOGE is the tokenized version of DOGE running on Ethereum.
Users can mint DOGEO, stable coins pegged to dollar 1:1, with the help of their Dogecoins.
Such a news background, in less than a day, gave neither more nor less, only +100% :)
What is waiting for us now? Most likely a correction...
The level closest to the bottom is $0.01.
If the price stops there and there are signs that it is possible to buy long, then we can expect another move x2 to the absolute high of the beginning of 2018, around $0.2.
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dogPlease provide a meaningful and detailed description of your analysis and prediction. Walk us through your though process. Put yourself in the reader's shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade idea.
Dogecoin jokes its way to a whopping 500% explosion
Dogecoin rallies more than 500% to highs above $0.05 boosted by Reddit traders.
DOGE attracts the real fear of missing out every time it spikes, other altcoins tend to rally as investors look for alternatives.
Dogecoin out of nowhere rallied over 500% to hit levels above $0.5. The altcoin which began as a joke has from time to time surprises many by rallying significantly. Dogecoin started as a meme on Tweeter, to say the least. The story of the token is a good example of the world being crazy and the people in it spontaneous.
Dogecoin transforms from a joke into a real cryptocurrency
Dogecoin has a big following in the cryptocurrency space. Besides, like Bitcoin, it has a real-world use case as a medium for peer-to-peer transactions using a decentralized network. While cryptocurrency is often referred to as money for the geeks, Dogecoin is a token with a dog image on it. Perhaps this is why it is so valuable. People are probably finding it easy to relate to Dogecoin than other altcoins, let alone Bitcoin.
Dogecoin had an early start in cryptocurrency, debuting at the sheer peak of the meme’s popularity, the Doge meme – The iconic Shibe. In a tweet by Palmer, an Australian-based marketer, “investing in Dogecoin, pretty sure it’s the next big thing” put Dogecoin on the global map.
Dogecoin has had a lot of ups and downs since its intriguing start. However, the latest pump, over 500% is something to marvel about and Reddit traders are the people to thank for it. The 4-hour chart shows Doge breaking out of a symmetrical triangle. However, unlike the usual breakouts of similar patterns in technical analysis, Dogecoin went ballistic as investors rushed to capitalize on the gains.
For now, Dogecoin is trading at $0.038 after retreating from the yearly high of $0.051. The Moving Average Convergence Divergence doubles down on the uptrend, suggesting that Dogecoin could rally some more before a correction comes into the picture. Support in the case of a breakdown is not clear based on the majestic spike, but traders can keep areas such as $0.035 and $0.025 in mind.
Dogecoin intraday levels
Spot rate: $0.035
Relative change: 0.003
Percentage change: -6%
Trend: bullish
Volatility: High
DOGEUSDT(Waiting for the Triangle Breakout)#DOGEUSDT (4h chart) Technical Analysis Update
Triangle Breakout
DOGE/USDT currently trading at $0.0108
Long Entry-level: Above 0.0110
STOP LOSS: below $0.0096
Reisstance level 1 (Target 1): $0.0123
Resistance level 2 (Target 2): $0.0140
Max leverage: 3x
ALWAYS KEEP STOP LOSS...
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