Dogecoin Analysis | Overview & Potential Price ScenariosThe 1D TF chart for Dogecoin shows that the price is currently oscillating between significant Fib levels of 0.382 at $0.16154 and $0.17103, which are being tested as support and resistance. Additionally, the price is situated in the middle of the Ichimoku , indicating uncertainty and the potential for sideways movement. Yesterday's candlestick formed an Inverted Hammer Pattern, a Bearish Signal , while today's candlestick is forming a Hammer Pattern, a Bullish Signal , further confirming market uncertainty. Key support and resistance levels play a crucial role in determining the future direction of the price.
The support level at $0.15313 (0.5 Fib) is critical. If the price falls below this level, further declines to $0.13522 (0.618 Fib) and possibly to $0.1150 can be expected. It is crucial to monitor trading volumes when these levels are approached or breached to confirm the strength and direction of the price movement.
◼️ Bullish Scenario: If the price breaks and consolidates above the $0.17442 level with confirmation from high trading volumes, it could reach levels of $0.19318 and then $0.20563. Exiting the Ichimoku cloud and increasing volumes will serve as additional indicators of the beginning of a bullish trend.
◼️ Bearish Scenario: A bearish scenario is likely if the price drops below and consolidates under the $0.15313 level. In this case, further declines to $0.13522 and an increased likelihood of establishing a new lower low at $0.11000 become probable, especially if this movement is accompanied by rising selling volumes. Traders should be prepared for potential SHORT positions or exiting LONG positions if a bearish trend is confirmed.
Despite its popularity and active community, Dogecoin lacks unique technological advantages or innovations to support its long-term value. In contrast, crypto like ADA, NEAR, and COTI offer tangible technological solutions and practical applications, ensuring their sustainable growth and industry recognition. Without significant technological advancements and real utility, DOGE's value will rely more on temporary market sentiment rather than a solid foundation for long-term growth.
Conclusion: Overall, the current price situation for DOGE is characterized by uncertainty with potential sideways movement in the short term. A breakout of key support or resistance levels will determine the future price direction. Additionally, the price direction of Bitcoin plays a significant role in establishing the overall trend direction for like DOGE.
Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR 🧠 💡
Dogecoinusdt
DOGE Crossroads at $0.177! Discover the Next Move!
DOGE sentiment is neutral in the daily chart and DOGEUSD is teasing the bottom of the range around $0.1423, the key daily support zone.
A bullish break-out of $0.1772 is required for DOGE to turn bullish towards $0.2183 and higher.
A dip to below $0.1423 will lead to more bearishness in the daily chart to $0.1235 and $0.1011.
Dogecoin DOGE Intraday Trade SetupDogecoin is dealing with the key intraday resistance zone around $0.1596 and declining as per CRYPTOLEAN forecast.
A bullish break-out of $0.1596 will offer more upside towards $0.1813 and, possibly, higher to $0.20.
Another re-test of $0.1503 or even better $0.1411 followed by a bullish rejection and a break-out of $0.1596 will lead DOGE price to $0.1813 and, possibly, higher to $0.20.
More details are in the signature.
DOGEUSDT#DOGE CRYPTOCAP:DOGE has formed a very promising chart pattern for us. It has broken the downtrend resistance, confirming the bullish momentum. One of the best indicators, TD Sequential, has given a bullish signal after a long time. The first target appears to be fib 0.78, followed by fib 1, and beyond that, we can confidently say "fasten your seatbelts.
Cryptolean Dogecoin DOGE Update Following overall bearish sentiment in the Crypto market, Dogecoin price declined from $0.179 resistance.
A closure below $0.145-$0.155 is likely to lead to a decline towards $0.121, also facing support at $0.132.
A reversal from its current price location and a bullish break-out of $0.156 will push DOGE price towards $0.18 and higher to $0.20.
Intraday Chart
The DOGEUSDT 4-Hour chart is bearish and more downside is very likely.
A bullish break-out of $0.149 will place #Dogecoin into the intraday range zone and will push price to the key intraday resistance of $0.182.
A bearish rejection of $0.149 resistance will push price lower to $0.095-$0.11, the key support zone, also facing a support at $0.131.
Support once read!
Thank you.
Cryptolean Dogecoin DOGE Update Dogecoin is bullish in the daily chart and consolidating between $0.15 support and $0.18 resistance.
A bullish break-out of $0.179 will push DOGE price towards $0.20 and higher to $0.24.
$0.145-$0.155 acts as a daily support zone and below it, Dogecoin will decline towards $0.121.
Intraday Chart
The DOGEUSDT 4-Hour chart is neutral and trading in the wide intraday range zone where the price action will be slow and boring.
A bullish break-out of $0.182 will make #Dogecoin bullish in the 4-Hour chart and the bulls will send price to the key intraday resistance zone of $0.221-$0.236 and higher.
A bearish break-out of the key intraday support of $0.15 will push price lower to $0.11, howver this scenario is unlikely.
Like once read!
Thank you.
DOGE: Pullback in UptrendTrade setup : Price reached our target of $0.11 resistance but got overbought (RSI > 70) and pulled back on some profit taking. Pullback near $0.09 (50% Fibonacci Retracement support level) could be a swing trade entry in Uptrend, with upside potential back to $0.11.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.08 (previous resistance), then $0.07. The nearest Resistance Zone is $0.10, then $0.11.
DOGE: Approaching ResistanceDogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Descending Triangle, price broke above 200-day moving average, which confirmed an Uptrend. Price also briefly broke above $0.08 resistance where it got rejected in August but has pulled back on some profit taking. Now we wait for price to either 1) break above $0.08 again to signal continuation of uptrend, with upside to $0.10, or 2) pull back near $0.07 support for a swing entry in Uptrend with upside potential back to $0.08. Fibonacci retracement levels are $0.075 (38.20%) and $0.0725 (50%).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.070 (previous resistance), then $0.060. The nearest Resistance Zone is $0.08, then $0.10.
DOGE: Resistance BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Descending Triangle, price has also broken above $0.07 resistance and 200-day moving average, which confirms an Uptrend. Upside potential to $0.08 near-term.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.07, which it broke, then $0.08 and $0.10.
DOGE: Overbought at ResistanceDogeCoin (DOGE) technical analysis:
Trade setup : Trends are mixed but improving. On the positive note, price has regained the $0.06 key level and rallied to $0.07 resistance area, which is also a 200-day moving average. Near-term, is very overbought (RSI > 75), so we could see some profit taking. Price really needs to break and stay above 200-day moving average ($0.07) to confirm an Uptrend.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070, which it broke, then $0.100.
SOLUSDT : GREAT SETUP FOR LONGHi friends.
As you see in chart we have great levels for long . good FVG and order Block area .
Please do your own result for taking position and do you own research.
SecondChanceCrypto
⏰ 6/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
ETHUSDT D :WOW NICE PATTERNHi Guys Hope you well,
In the daily time frame, the structure has changed from bearish to bullish. According to the dominance of Bitcoin, I expect to drop to demand zone on H4 and then move upwards with rapid movement. But in case of further decline, it is possible to reach the demand area in daily time around 1400. In case of further analysis in lower timeframe, enter our channel.
SecondChanceCrypto
⏰11/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.
BTCUSDT DailyHi guys ,Hope you well.
If you have followed my previous analyzes in the past, the market moved according to my mentality. I expect that in the future, according to the new chart, we will first reach the demand area in the range of 25,000, then move towards the 40,000 range with an accelerated movement. Glassnode data and movements of Bitcoin whales are almost in the same direction.
SecondChanceCrypto
⏰08/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.
avaxusdt DailyHi Guys Hope you well,
On May 28, the Avax token will be released, and about 3% of the circulating supply, equivalent to 327 million Avax tokens, worth 168 million dollars, will be unlocked.
The addition of this volume of tokens to the circulating supply increases the supply and can lead to a drop in the price,
In line with this release, K33 Research removed the Avax token from the list of top 30 currencies and announced that this decision was made due to the lack of inflation control of this project.
Hi Guys Hope you well, and good weekend.
As I show You the chart , It maybe a Wyckoff pattern, be careful for long position ,completely against the trend of bitcoin.
SecondChanceCrypto
⏰07/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
DOGE Downward Channel with Possible Double Bottom! +200%Here is an idea for Dogecoin.
Over the last couple of months we have seen Dogecoin create a downward channel.
If we receive a double bottom formation and a reversal. We could see potential gain towards +200%.
This is Dogecoin, so with that being said watch carefully.
This is not financial advice just analysis. DYOR!
Please let me know what you think or if you have any other possible ideas.
Thank you!
Doge Usdt 10/20When we look at the monthly graph, you can see that it is at an all-time low. If you look at both the harmonic graph and the formation graph in the monthly period, you can confirm this.
When we examine the data of indicators in the monthly time frame, it is possible to receive signals that they are on an upward trend.
In the weekly period, you can see an internal fractal harmonic pattern that the trend will return upwards. In addition, when we examine the graph in the weekly and daily time frames, you can see that price movements are consolidated and stuck.
When we look at the previous supply areas of current price movements, we can think that this area constitutes strong support and will not easily allow further declines.
When we project from past to present, we can see that trend movements are now positive. With an optimistic attitude, this may be an indication that the downward trend has come to an end.
However, when we examine the latest price levels, we see that we are trying to complete a harmonious pattern. However, it seems that the D leg has not yet been created. Although leg C appears to have formed, there may be back tests and the price may continue the upward trend by falling slightly lower.
Based on this data, we can begin to plan resistance target levels by thinking that it will soon be on an upward trend.
Regardless of the pattern that will be generated, it will be possible to determine an approximate sales area if we consider that foot D will expand to at least 1,618.
When we look for a resistance zone by simulating the harmonic pattern, we can also see that the resulting price levels correspond to the previous supply levels.
After approving the price increase, I expect that it will most likely reach the price levels that I mentioned in the chart above. This area is consistent with past pattern and price movements. However, if there is a strong trend, it may be possible to predict the next target price levels in this graph.
When we measure Fibonacci levels by guiding the harmonic pattern, we may encounter resistance zones as follows;
When we examine the index data in the daily period, the fact that the ADX is at 13 levels despite being negative gives the signal of an upward turn.
When looking at Aroon, it's clear that sellers are getting weaker. The indicative level of buyers indicates that purchases will begin soon.
When we look at wallet indicators, it seems that there are still no strong money flows. However, despite the lack of a cash flow, the absence of a strong downward fall is again a signal in favor of buyers.
In conclusion, even if there are downward price movements that are not strong, I think that price movements will soon begin to climb upwards.
Note: this is not investment advice.
Dogecoin Analyze (Road Map)!!!🗺️🐶(Update)Dogecoin moved as I expected in my last post about Dogecoin 👇
Dogecoin Analyze ( DOGEUSDT ) Timeframe 2D ⏰ ( Log Scale )
Dogecoin plays in main wave 4 with a Double Zigzag Correction Structure .
🔅 Tip : When Dogecoin breaks the important resistance line , after that, we can verify the end of main wave 4 .
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.