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DOGE on threshold for 48% rally amid Elon Musk aggressive pump Dogecoin breaks above a symmetrical triangle pattern and readies for liftoff to $0.4. Elon Musk becomes the official “Dogefather” ahead of the Saturday Night show. The immediate support at $0.30 should be defended; otherwise, a correction may occur toward $0.15. Dogecoin led the price action in the cryptocurrency market on Wednesday, breaking away from the slugging crypto assets. The majestic price action happened in the wake of a tweet sent by Elon Musk, the founder of Tesla. DOGE spiked by more than 20%, hitting $0.35 for the first time in more than a week. Musk said that he would be the “Dogefather” as he hosts the Saturday Night Show. The billionaire has an undying love for the meme coin, which has rallied extensively since the beginning of the year. Besides, it has become common to expect a tweet regarding Dogecoin from Musk, who once said that he would put a literal Doge on the moon. Dogecoin sets out for the technical breakout At the time of writing, Dogecoin trades at $0.32 while bulls look forward to levels above $0.35 and $0.4, respectively. Besides Musk’s pumping, Dogecoin also broke out of a symmetrical triangle, as illustrated on the four-hour chart. This pattern has both bullish and bearish biases. However, when the price slice through the upper trendline, just like Dogecoin, a breakout is anticipated. A spike in trading volume confirms the breakout, which has a precise target, measured from the highest to the lowest points. It is worth noting that the Moving Average Convergence Divergence (MACD) affirms the uptrend. As the indicator crossed into the positive region, it became apparent that buyers had taken control. In addition, the MACD line holds above the signal line, thus cementing the bulls’ influence. Dogecoin intraday levels Spot rate: $0.32 Trend: Sideways Volatility: Low Support: $0.3, the 50 SMA, and $0.25 Resistance: $0.35 and $0.4
BINANCE:DOGEUSDLong
by CoinGape
DOGE - "HEY LOOK" 2nd ScenarioHi everyone, Not to spread FUD or something but with all this bullish sentiment we might overlook/forget that there's always 2 sides :) Triangles or whatever pattern/trend you find can break up or down. I know this won't be liked by many of you but markets are what they are. Respect is what counts and traders need to have an open mind for everything Just have a plan when things don't go your way. And if your name is or you are a Glauber Contessoto ( see article below): please take some money of the table dude, not financial advise, but think twice man :P Being bullish cool and all also have a plan B in mind when things go bearish. www.cnbc.com Even if goes to a dollar, a crash/big dump is imminent. Best of luck! Kind regards, Noel
BINANCE:DOGEUSDShort
by itsnoelv
2
DOGE SHOWS BREAKOUT SIGNALS - LAST VIEW BEFORE BREAKOUT!Hello trading friends, This update depending on the last market show, and as it looks Doge stays more stable trend, and shows also more signals for possible next breakout. we did add today more views about it. We see also when BTC breakdown, doge stays strong, which means a good effect for the next increase trend. ETN TOOL Data shows a possible increase trend in the short term with a breakout trend above 0,34 USD + - The next 24H are very important for Doge, and we expect a breakout. Trade safe and use well risk management! This will be the last post before the breakout. [/b Follow and like for more updates. thank you! Discipline is the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly * this is not an advice ---> Have a great day
Long
by watchtrend
11
THIS CAN BE THE START FOR ELON MUSK COIN DOGE TO MOON TO ATH!Hello trading friends, Know that this point can be the star t for doge to the moon in the long term - it's now just now an expecting idea - but we can confirm it later with data. @ there are some trends that show a possible breakout on dogecoin coming time . we were from watch trend one of the first channels, that did add doge at 0,03 as possible increase, and since then it did increase, and we did expect before all 2 rejections. and now from here, we expect a long trend on doge. as long the data of ETN shows a green trend we will update the coming time LONG for doge. if it go as the plan, than a possible ATH coming also. soon more info about it. @# pleas count your risk good, this is a cryptocurrency, and everything can change with time. so use good riskamgenement. Thank you again, and have a great day!
Long
by watchtrend
5
OUR DOGE TARGET HIT AS EXPECTED - POSSIBLE RETURN DOGE!Hello trading friends, Our trading signal did hit exactly again for the second time, and that's great news! we did add before from 0,38 that bitcoin will break down to our target. the first target hit as you can see on the chart, and the second one also. [ b]- we check now for possible return doge. Doge now 100% long, and we come with more long updates. Our before target from 0,40 where we did expect the breakdown Today last one before breakdown # we follow the trend 24/7 depending on our ETN tool, and it looks good news again for doge - a new increase back to the trend. we are now fully long since we did hit 2x the expecting targets. Our targets was adding exactly on the right time, as well for selling as for buying. Discipline is the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly * this is not an advice, you are free to sell or to buy. ---> Have a great day
Long
by watchtrend
1
Dogecoin analysis Quick analysis on Dogecoin using both wave theory, Fibonacci analysis, pattern analysis & volume/price analysis : Wave theory Analysis: 1) Dogecoin had a nice IMPULSE run-up from Apr 12th to Apr 16th going from $0.07 to $0.44 as shown in my 5 point wave in the diagram above 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the correction is a FLAT correction look at my wave A-B-C touching the support & resistance lines at $0.42 and $0.25 respectively 4) I believe the corrective wave C is going to come down to $0.25 before the support is tested again to see if it moves up in the next impulse leg up or go down - so watch out for this support line at $0.25 Fibonacci analysis : 1) The impulse leg went up from Apr 12th to Apr 16th going from $0.07 to $0.44 2) The FIB 50% retracement is exactly at $0.25 3) Once the FIB 50% retracement is tested we can determine if the market moves up or down upon confirmation Pattern Analysis: 1) This fits into a nice classic Double tops, Adam & Eve pattern 2) The Eve side of the wave is going to go down to the support line $0.25 and if the support doesn't hold it might go down Volume-Price Analysis: 1) This is a classic Volume Price Analysis, the market had a nice accumulation phase from Jan 28th - Apr 10th 2) During the accumulation phase the price went from $0.006 to $0.07 and remained at that level for about 3 months 3) Then came the public participation phase where the market moved up from Apr 12th to Apr 16th raising the price from $0.07 to $0.44 4) After the public participation phase comes the distribution phase where the sellers clear some of the volumes and take profits 5) In the distribution phase the prices for support & resistance are at $0.25 to $0.44 6) The support price $0.25 is tested at the end of the distribution phase to see if that support holds to go for the next run-up or if the market is marked down Summary : ------------- 1) Looks like the bears are still in control 2) The support line $0.25 needs to be tested one more time and see which way the market is going to trend Happy trading, feedback is always appreciated
BITTREX:DOGEUSDShort
by JAN360
4
DOGE - $0.70 in programme 🔥🚀Son of Elon Mask is ready for next leg up and The next target is $0.70. DOGE is now running into a bullish flag and according to bullish Flag Structure DOGE should go 70 cent. In Fib,DOGE has bounced from 61.80% level and next target should be 70 cent. So both according to bullish flag structure and Fib structure,DOGE is ready to go 70 cents. This is not a financial advice. Always DYOR before investing. A like and follow is always appreciated. thank you❤️
Long
by Jokers_Analysis
DOGE forming a bullish wedge pattern Dogecoin price action has been trading into a tight range, unable to record a new ATH is currently forming a bullish continuation pattern (bullish wedge). The high potential to reach the $1 mark opens good entry opportunities as the price is bouncing up from the support level from the pattern. That $1 mark forecast is coming from the Fib Ext tool and supported by the pattern's pole projection. -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Long
by OGFXTRADER