Doge still needs correctionOur previous analysis hit the target exactly (check it out) and started a correction in the past weeks. Dogecoin still is in correction and the possible movement is shown in the chart. Wait for a good position and hunt it!
What's your idea? Share your idea with the community!
Dogeusdt
Can Dogecoin hit $1?Can Dogecoin reach $1?
Most likely not, but I'll bet on it.
....................................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
DOGE → First Sell-off Complete! Another Push to the Downside?Dogecoin, along with the rest of the crypto market, had a severe bear response to Bitcoins completion of its measured move. Are we in for another leg down?
How do we trade this? 🤔
I don't think it's reasonable to short here, not yet at least. We need a little more recovery from the first sell-off toward the Resistance Zone at $0.0865. If we get a sell signal from that area, it's reasonable to short Doge on the Daily chart toward the initial support of $0.0675. Until then, it's best to wait on the sidelines for the RSI to come up, and the bears to recharge.
It may be a while before Doge recovers and heads to a new high in this trend. The macro-trend is bullish in the crypto market, so we should be cautious when capturing these bearish movements on altcoins.
💡 Trade Idea 💡
Short Entry: $0.0835
🟥 Stop Loss: $0.0890
✅ Take Profit: $0.0725
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Bull Channel Concluded with a Double Top Reversal.
2. Trend Changed to Trading Range then 1st Push Down.
3. Bounced off of 200EMA Support, wait for new Sell Signal.
4. RSI at 36.00 and below Moving Average. Bias to Short.
5. Wait for Sell Signal After Test of Resistance Area.
💰 Trading Tip 💰
Channels are often concluded not with a strong reversal, but first a stall of the trend with a trading range. A reversal is likely if the trading range comes at the end of a three-leg trend.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
DOGE - THIS Altcoin can +800% 📈📉Hi Traders, Investors and Speculators of Charts📈
Dogecoin is the original meme coin, famously started as a joke in 2013. Nevertheless, thanks to a dedicated community and creative memes, it has rapidly evolved into a prominent cryptocurrency.
From a chart-analysis perspective, DOGE has big upside potential, and from a fundamental perspective - things are looking good for this altcoin in 2024. Elon Musk has finally announced a peer-to-peer payment system on X (formerly Twitter) and have also stated multiple times in the past that he plans to include DOGE as a payment option.
From a macro perspective, I am bullish on DOGE. But for the SHORT term, DOGE is bearish. The price needs to establish support before going higher, and the downwards trend means that support hasn't been found at the current levels.
The short-term bearish sentiment is confirmed by the technical indicator CryptoCheck START V3.5, flashing a "sell" signal :
We would need to start seeing daily candle closes ABOVE the green 50d Moving Averages before considering more upwards price action:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
CRYPTOCAP:DOGE
Doge Potentially bullishCRYPTOCAP:DOGE finally comes to an area of key interest. Broken resistance is becoming a new found support. Looking at it on the daily TF, it becomes clearer. I will want to see a rejection of the zone (0.08129) to the up side to maintain the bullish momentum.
Past Results does not guarantee future results. Do your due diligence
DOGE - LFG!Doge had some nice movements today, following yesterday’s bullish pattern originations Ont he short time frame. Expect to see those propagate exponentially over the next bit here.
This view shows the short time frame projections leading nicely into the long range projections, all fit to relevant support and resistance levels on each time frame.
Yeah… a lot of lines… i hear that all the time. I have to remove the less relevant lines so that i don’t overload the servers at TradingView. Apparently my brain is faster than the super computers. Of course, when i get to work on the 30s time frame, everyone of these levels, plus many more minor levels come into play. My aim is to “Floss” the bull runs, accurately predicting and playing all of the pull backs.
Floss??? Well… flow state mtn biking on a flow trail, creates the sensation of low altitude flight… and if you pilot your human powered hang glider immaculately, your trail would resemble a big piece of dental floss, winding through the woods, flawlessly.
Sorry if you can’t compute all the lines… hiding them (option command H) helps get your bearings. And zooming in also opens up the perspective.
BITCOIN: ETF approved today. SELL THE NEWS!!!!!!! Should have bought the rumor long ago!
Good Luck!
Go Doge Go!
Doge Today, pull back expected.Hello,
This is the best fractal fit i can see for the recent drop and recovery.
I would expect that we need to retest a handful of the red descending resistance levels, as illustrated by this harmonic pattern projection.
Doge also like the Fibonacci 0.618 retracement.
Reversing there creates a lovely inverse head and shoulders to send us off to the moon!
Beware… there are also powerful bearish i patterns pushing on us now too!
⚡️DOGEUSDT CMC TRADING ⚡️ TRIANGLE PATTERNDOGEUSDT has formed a descending triangle, and there's been a bullish breakout along the established trend, indicating a potential upward rally, especially considering the recent daily highs. Notably, there is a robust increase in volume, coinciding with the recent BTC surge towards $45k. This bullish momentum across various altcoins suggests a supportive backdrop for DOGE, enhancing the overall bullish sentiment.
DOGE/USDT upward momentum from demand ?👀🚀DOGE Analysis💎 Paradisers, watch out for #DOGEUSDT as it shows an interesting pattern, trading in a demand zone and gearing up for a bullish move.
💎 #DOGE has recently broken above its descending trendline. If this breakout holds up after a retest, we're likely to see further bullish action. The asset trading in the demand zone reinforces this bullish outlook. With sustained upward momentum, it aims to challenge the bearish Order Block at $0.12186.
💎 However, in the ever-changing crypto market, adaptability is key. Should #DOGE struggle to maintain its current level, a strategic revision might be necessary, possibly eyeing a bullish comeback from the lower support level at $0.08212. A break below this could signal a move towards a bearish market trend. 🌴💰
Doge long time frame logarithmic View from last three cycles. the first two of which the all time highs happened January but the cycle that we just passed in 2021 the take off to the all time high started January. Although history can not be viewed as a perfect predictor of future performance history usually repeats itself see yall at the top.. predictions on top are the box's labeled first and second. I came to these by measuring the past cycles total gain after breaking their previous Ath's
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 - decision point.Hello,
Doge is in. critical argument... with lower highs and higher lows, and its fading into the background... getting ready for a breakout. As we are near long range support, I am bullish on Doge for the New Year!
The big white trace is new today... showing how, if we break out bullishly, our pattern could propagate to $0.13 within the month.
Low Risk Doge Long TrialConsidering that other cryptocurrencies have experienced some price fluctuations, I still anticipate further potential for growth in DOGE coin. However, with New Year's Eve approaching, I plan to adopt a cautious approach by implementing a stop loss. It's worth noting that DOGE may trigger the stop loss and then continue its upward trend, so I'll leave some flexibility in my position to either close it or let it ride. It's essential for everyone to establish their own risk management strategy, so make your decisions thoughtfully.
This is my trial. Not a financial advice.
Whale Buys 1 Bln Dogecoin From Binance, Is $0.1 Next?Dogecoin, one of the most popular meme coins, curated a frenzy within the market as it noted significant whale activity today.
Dogecoin, one of the most popular meme coins within the cryptocurrency realm, gained significant traction today as the token recorded a colossal whale transfer amid today’s price drop. Aligning with this, on-chain data illuminated the transfer of roughly 1 billion DOGE within the broader crypto market today, fueling speculations among crypto market fanatics for the token.
Meanwhile, the transfer of DOGE encompassed the shifting of coins from a CEX to an unknown wallet, propelling optimism for the token.
A Closer Look Into Today’s DOGE Whale Chronicle
According to the data unveiled by Whale Alert, a platform streamlining blockchain metrics, the colossal whale transaction occurred today, December 26. Moreover, concerning the data, a whale seems to have transferred 999.99 million DOGE from Binance to two unknown wallet addresses, DU8gPC5mh4…rk2jAguBr5 and DQnhnNxW89…DvtzwF9sGo.
Meanwhile, the number of coins transferred collectively amounted to $91.19 million while writing.
However, the whale transaction showcased a potential decrease in the token’s circulation supply, fueling further inferences for the meme coin. Notably, as the data surfaced over the crypto horizon amid a price drop, crypto traders and investors seem to be eyeing the token extensively.
As of writing, the CRYPTOCAP:DOGE price chart illustrated a downward trajectory, falling 0.62% over the past 24 hours, and is currently trading at $0.09307. In addition, this fall was further accompanied by a weekly plunge of 0.30%.
Intriguingly, the token’s market cap also reflects the price drop noted by CRYPTOCAP:DOGE , illustrating a marginal drop of 0.63% and is currently evaluated as $13.17 billion. However, the 24-hour trading volume appears to have risen substantially, showcasing a 7.54% surge over the past day.
With the whale chronicle positioning itself amid a price drop, market sentiments orbiting DOGE seem to have taken an exciting turn. Crypto market enthusiasts appear to have bolstered their confidence in CRYPTOCAP:DOGE , as whale activity mirrored a potential reduction in the token’s supply.