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Dogeusdsignals

DOGEUSDT This is confirming the new Bull CycleWe last looked into Dogecoin (DOGEUSDT) back in late October, analyzing the potential for break-out above the Channel Down that it has been trading in since May 2021 by using the Fibonacci extension levels. As you see, the aggressive Musk-led pump hit the 1.5 Fib extension of the Channel Down, while breaking above the Bear Cycle Resistance of the 1W MA50 (green trend-line) and as the news effect faded, it pulled-back following the FTX collapse back to the 1D MA200 (orange trend-line), which has so far held as a Support twice. This, along with the subsequent rejection on the 1W MA50, have largely confirmed DOGE entering into its new Bull Cycle by creating a new (green) Fibonacci Channel Up. As long as the 1W MA300 (red trend-line) holds, this can channel the price to the upper Fibs of both the former Channel Down and the current Channel Up. As long as the 1D MA200 holds, our target is the zone within the 1.618 (blue) and 1.5 (yellow) Fibs. If the price tests the bottom of the Channel Up again, we then expect a longer-term recovery back to the 1.5 (yellow) Fib, which by the time can also make contact with the 2.0 Channel Down Fib, the last Resistance before the Bull Cycle's mega rally. ------------------------------------------------------------------------------- ** 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! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:DOGEUSDLong
by TradingShot
1
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
DOGEUSD Inverse Head & Shoulders targeting $0.17Dogecoin (DOGEUSD) made a convincing break above the 1D MA50 (blue trend-line) yesterday and closed above it for the first time since April 28. The long-term pattern has been a Channel Down since the May 2021 High but recently we are seeing the emergence and completion of an Inverse Head and Shoulders (IH&S) pattern. It is on a slope with the 0.5 Fibonacci level of the Channel Down (its middle practically) being the Resistance but regardless that is a formation technically seen on market bottoms. Notice how at the same time the IH&S on RSI has the opposite slope. Technically the target on that pattern is the 2.0 Fibonacci extension (around 0.1735) and that falls exactly on the Resistance Zone made of the April 05 and April 25 (Lower Highs). Consider also a shorter term approach, involving targeting the 1.0 Fib and the 1D MA200 (orange trend-line) and use the final target only if the price breaks above the Lower Highs (top) trend-line of the Channel Down. Notice how the 0.1700 target matches perfectly the 1.382 Fib extension of the Channel Down. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
4
DOGEUSD Critical 1D MA50 test*** *** For this particular analysis on DOGEwe are using the DOGEUSDT symbol on the Phemex exchange. *** *** The idea is on the 1D time-frame where Doge has been trading within a Channel Down since mid-May 2021. The median of the Channel plays a key role on this pattern as it distinguishes the formation into a Buy and a Sell Band, with the former being the bottom part where buying is a more optimal choice and the latter being the top part where selling is advised. Remarkably, the price has been mostly trading in the Sell Band but since May 11 it dropped aggressively and stayed in the Buy Band. The recent 1 week rally though has brought the price just below the Channel's median and right on a critical 1D MA50 (blue trend-line) test. The 1D MA50 is important because every time the price broke above it, Doge reached as high as the 1D MA200 (orange trend-line). The 1D MA200 is currently just below the Channel's top (Lower Highs trend-line) so keep an eye for a candle closing above it, which will be a break-out buy signal near the 1D MA200. The 1D MACD is printing a similar sequence and the June-July 2021 pattern which was the previous Lower Low of the Channel and after breaking the 1D MA50, it almost hit its top. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
3
DOGEUSD Best time to buy is now but can be a lengthy way upDogecoin (DOGEUSD) hit last week the 1W MA200 (orange trend-line) for the first time since the December 07 2020 1W candle. This is the trend-line that (excluding the March 2020 COVID crash), marked the bottom during the previous Bear Cycle. This idea illustrates DOGE's long-term Cycles in order to get a better understanding of where we stand today. Last week's low on the 1W MA200 completed a -90% correction since the May 03 2021 1W candle All Time High. As you see the previous Cycle also formed its bottom on a -90% correction, while the 2014 Cycle did so after a -95% correction. Also the recent low completed 53 weeks (371 days) since the Cycle's High. The previous two were 57 weeks (399 days) and 67 (469 days) respectively. That makes the current levels a solid buy for the long-term. However it is common for Dogecoin to consolidate and have a very long accumulation phase before having its aggressive parabolic rally that leads to a Cycle (blow-off) Top. The Accumulation Phases of the last two Cycles (from bottom to the start of the parabolic rally) were identical, 97 weeks (679 days) in 2019/2020 and 96 weeks (672 days) in 2015/2016. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITTREX:DOGEUSDLong
by TradingShot
21
DOGEUSD Potential for $3.50 - 5.50 on the next Fibonacci peak.The pattern on DOGE is a Channel on the Fibonacci scale since last November/ December when the 0.005 High broke. Since then, every High crossing has resulted into a break-out towards the 3.0 Fibonacci extension. Every consolidation phase traded within a maximum of 2.00 Fib interval. The current is within the 3.50 - 1.50 Fib levels of the Channel. Assuming that the April 23 ~0.1400 low holds, then the 3.0 Fib extension, when the April 16 ~0.4800 High breaks, will be around 5.60. Assuming a scenario where the current consolidation is longer than the previous, then it is possible that the 4.00 Channel Fib ext won't be crossed on this phase. That puts the Target Zone of the next peak within roughly $3.50 - 5.50. How realistic is this for you? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
BINANCE:DOGEUSD
by TradingShot
22
DOGEUSD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
BITTREX:DOGEUSDLong
by GWBFX
2
Doge ready to bullish again??continue the analysis of the past doge. At the moment, it seems that the Doge is still unable to show a reversal to bullish, but that does not mean that the Doge goes into Bearish. The doge is still in the corridor of the bullish trend as long as the doge does not fall more than validation 2 at 0.04 There is a possibility that at this time a minor correction move such as the yellow line and the Doge will continue its bullish trend again. But whatever can happen, we still have to keep the risk to a minimum, so let's invest wisely in this coin. I personally believe Doge will be able to hit the 0.4 price level for some time to come, but that doesn't mean Doge will go straight to 0.4 right? that's the importance of minimizing the risk of investing.
BINANCE:DOGEUSD
by Hokusai_FX
1