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DOGEUSD 1H Long Trade - 1:3 RRRRRR: 1:3 SL: 0.15090 TP: 0.20000 In this trading strategy, I present a compelling opportunity for a long position on the DOGEUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
BINANCE:DOGEUSDLong
by panjikadar
RIP KABOSUToday is a sad day for the crypto world, due to the death of Kabosu. For who doesn't know, Kabosu was the Shiba Inu that inspired the Dogecoin coin. As a Shiba Inu owner myself, i want to homage this legendary dog with this chart. As i posted some days ago, i expect a pump on DOGE if the mid term trendline i drawed hold the price. Actually we are ranging, and that's a good sign of accumulation that can probably lead the price to a pump till the resistance area at $0.20. RIP Kabosu
Long
by SaliJournal
The king of cryptocurrencies, Bitcoin, its effects on subsetsDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas
KRAKEN:DOGEUSDLong
by mehdi47abbasi79
2
Dogecoin - Is a 20.000% rally realistic?Hello Traders and Investors, today I will take a look at Dogecoin . -------- Explanation of my video analysis: In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish breakout of this triangle and if we measure the potential price target, the next bullrun could bring us all the way up to $20. -------- Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
18
DOGEUSD Bullish Side Robbery PlanMy Dear Robbers / Traders, This is our master plan to Heist DOGEUSD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous Level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
COINBASE:DOGEUSDLong
by Thief_Trader
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
Dogecoin Eyes a Golden Repeat: A Bullish Signal on the Horizon? Dogecoin (DOGE), the self-proclaimed "meme coin" that took the internet by storm in 2021, is back in the spotlight. This time, it's not a celebrity tweet or a viral trend driving the buzz, but a technical indicator with a historical track record of bullish success: the golden cross. Golden Cross: A Beacon of Hope for DOGE? The golden cross is a chart pattern formed when the 50-week simple moving average (SMA) crosses above the 200-week SMA. In simpler terms, it indicates that the short-term (50-week) average price is trending higher than the long-term (200-week) average, suggesting a potential shift towards a sustained price increase. For Dogecoin enthusiasts, the significance of this pattern lies in its past performance. In early January 2021, DOGE experienced a golden cross, which was followed by a meteoric rise of over 8,000% in just four months. This phenomenal surge propelled DOGE from a fraction of a cent to a record high of nearly 76 cents per token. Is History Repeating Itself? As of today (May 10, 2024), DOGE's weekly price chart displays a similar setup. The 50-week SMA is steadily climbing and appears poised to breach the 200-week SMA in the coming weeks, potentially confirming a golden cross. This has understandably ignited excitement among DOGE holders, with many hoping for a repeat of the 2021 price explosion. A Word of Caution: Past Performance Isn't a Guarantee While the historical correlation between the golden cross and DOGE's previous surge is undeniable, it's crucial to remember that past performance is not necessarily indicative of future results. The cryptocurrency market is notoriously volatile, and numerous factors beyond technical indicators can influence price movement. Here are some key considerations to keep in mind: • Market Conditions: The overall cryptocurrency market sentiment plays a significant role in DOGE's price. If the broader market experiences a downturn, even a golden cross might not be enough to propel DOGE on a similar upward trajectory. • Regulatory Landscape: Regulatory changes or interventions can drastically impact cryptocurrency prices. Close attention should be paid to any upcoming regulatory developments that could affect DOGE's market. • Whale Activity: Large investors, also known as "whales," can significantly influence DOGE's price through substantial buy or sell orders. • DOGE's 2024 Landscape: Beyond the Golden Cross Even if the golden cross materializes, it's important to maintain a realistic perspective. Unlike 2021, DOGE currently benefits from a more established market presence. This, coupled with its year-to-date gains of over 70%, suggests a potentially stronger foundation for growth compared to its earlier explosive but volatile rise. The Bottom Line: A Sign of Hope, But Not a Crystal Ball The potential golden cross is undoubtedly a positive development for DOGE, offering a glimmer of hope for a sustained price increase. However, responsible investors should conduct thorough research, consider broader market factors, and avoid solely relying on technical indicators for investment decisions. While the 2021 price surge might not be a guaranteed outcome, the golden cross signifies a shift in momentum, potentially paving the way for a more stable and upward price trajectory for Dogecoin in the coming months.
CRYPTOCAP:DOGELong
by bryandowningqln
DOGE is in a long-term bullish rallyFirst of all, pay attention to the time frame. A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside. From where we placed the green arrow on the chart, the price has entered a bullish wave. The previous correction was nearly 900 days. This bullish wave is also expected to have a period above 500 days. After the completion of the previous correction, the price seems to have entered a diametric. We now appear to be at the end of wave D of this bullish diametric. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
1