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Dogeusd

Dogecoin: Unbiased 240% possible trade Hello All. Looking at Doge/Usd pair on the weekly timeframe we see a formation of a falling wedge pattern which is a bullish chart formation. We extrapolate the measured move for this pattern and estimate a breakout point at the end of the apex. This puts us around September 20, 2022. As such, this breakout to the upside can put the price of doge coin at around $0.23-$0.25 which will be a 240%-260% move up. In addition, this price target also corresponds with my favorite fibonacci retracement tool which has a golden pocket ratio also at $0.23-$0.25. As doge coin hold strong ground at $0.060 level, i believe this price target will be hit sooner than later with just enough volume. Thanks for reading, and stay tuned. Happy 4th of July Weekend.
BINANCE:DOGEUSD
by EdgarTigranyan
1
Is Dogecoin ready for another bull run?Even though it is too early to say that it has bottomed, we can clearly see a completed corrective pattern from the $0.75 all the way down to the $0.057 area. I am counting the move down as a complex correction or more specifically a double zigzag. Surely, the last leg down has clear 5 waves into it which in any case would call for a reversal. On top of that, we can see a decisive breakout of the corrective price channel accompanied with a strong increase in volume. When it comes to the RSI we clearly see that the 40 level offered a strong support and that's exactly what we want to see for a bullish set up before a strong breakout. The breakout also pushed the RSI way above the 80 level. Now, I am aware that there will be a pullback and a period of range to let the market breath. However considering: 1) The Elliot wave structure 2) Breakout of the corrective channel 3) High increase in volume 4) RSI holding bull range and breaking out above 80 I am quite confident to say that a long bull run for Dogecoin is on the way and we will see the $0.75 area broken through.
Long
by torgato92
1
DOGE - To the moon! Huge bull flag | +5000% Doge is absolutely ready for a massive impulsive wave to the upside on the macro scale! The chart is printing an impressive bullish flag on the weekly chart with an ABC ZigZag structure, which is even better. As you know, I am very bullish on Bitcoin for the upcoming year 2023 and the BTC dominance chart indicates a juicy alt season! As per my Elliott Wave analysis on the macro scale, we have finished a corrective ABC wave 4, and we are currently starting a final impulsive wave 5. We don't really know what price DOGE can reach, but I expect the 0.618 FIB or the 0.764 FIB extension from Wave 3 -> Wave 4. The average transaction fee on DOGE is currently 0.04 USD and the confirmation time is below 1 minute. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
115
Buyers well supported the price of DOGE!DOGE has been growing very well in the past few days. Buyers well supported the price of this currency. After the news of Elon Musk's purchase of Twitter, it was accompanied by more support from buyers, and after breaking the resistance of the $0.080 range, it moved towards the resistance of the ceiling of the range channel. Now the price is trading in the range of $0.10. Even this time, there is a potential to increase the price above the range of $0.10 and even a fake break of this area. Therefore, in this range, considering that the RSI indicator is inside the oversaturation range and shows the number 87. Thus, the probability of price reaction to this resistance area is high. On the other hand, the ceiling of the long-term descending channel of this currency has been broken by the last daily candle, and it needs a further price increase to the $0.10 range to stabilize. After the pullback, we can expect more growth. If traders' emotional buying continues, the price could hit the $0.106-$0.120 resistance area without a pullback, which will have a stronger negative reaction, and the selling pressure in this area will increase significantly.
by MonoCoinSignal
21
DOGEUSDT hit our target and broke above the 1D MA200! What next?*** *** For this particular analysis on Dogecoin we are using the DOGEUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where DOGE finally hit our 1D MA200 (orange trend-line) medium-term target which we set after spotting the RSI Bullish Divergence as outlined on our October 04 idea below: As you see the massive pump, fueled by the Musk-Twitter news, broke rapidly above Resistance 1 and hit the 1D MA200 for the first time since November 09 2021! The final Resistance (2) is at 0.0900 on the August 16 (Lower) High. This happens to be now exactly on the top (Lower Highs trend-line) of the long-term Channel Down pattern that dictates the Bear Cycle since mid May 2021. With the 1D RIS vastly overbought above the 80.000 mark, though not necessary when fundamentals and news dominate the price action, it is reasonable to see profit taking and a relief pull-back. Could be as low as the 1D MA50 (blue trend-line) itself, which if DOGEUSD is starting a new Bull Cycle, will be the Support line. In our view, we should wait for the price to break and close above the 1D MA300 (red trend-line), which was previously the Support of the Bull Cycle, up until November 18 2021, and hasn't been touched every since. This is basically the last barrier before the price technically seeks the upper Fibonacci extensions of the Channel at 1.382, 1.5, 1.618 and finally 2.0. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
5