Dogeusdt
#DOGE/USDT#DOGE
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 0.1122
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.1188
The first target is 0.1388
The second goal is 0.1511
The third goal is 0.1648
DOGEUSDT Potential DownsidesHey Traders, in today's trading session we are monitoring DOGEUSDT for a selling opportunity around 0.12600 zone, DOGEUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.12600 support and resistance area.
Trade safe, Joe.
DOGE - Short Trade | Support is fallen #DOGE/USDT #Analysis
Description
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+ DOGE, everyone's favorite meme token, has broken its support and is heading into a free fall.
+ There is no significant support until $0.09, which presents a good trading opportunity.
+ I'm entering a short trade at the current price.
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VectorAlgo Trade Details
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Entry Price: 0.11665
Stop Loss: 0.13552
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Target 1: 0.10860
Target 2: 0.10222
Target 3: 0.09132
Target 4: 0.08169
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Doge → wait for a dropHello guys...
doge is forming a head and shoulders and I believe it will break the neckline!
it touched so many times this current line and made it so weak!
the trendline that I drew like a dashed line is a satisfied line to get a short position!
the target of the short position is: 0.0783
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✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
DOGEUSDT.1DIn this technical analysis of the DOGE/USDT daily chart, I examine the current price action, relevant support and resistance levels, and key indicators to forecast potential market directions.
Key Observations:
Current Price and Movement:
DOGE/USDT is currently trading at $0.12389, showing an increase of 1.16% today. This suggests a slight bullish sentiment in the short term.
Support and Resistance Levels:
R1 (Resistance Level 1): $0.16889 - This is the next significant resistance level that could cap upward movements in the near term.
S1 (Support Level 1): $0.12005 - This support level appears to be holding for now, providing a foundation for the current price recovery.
S2 (Support Level 2): $0.09692 - A further drop could see prices test this lower support, indicative of a stronger bearish trend.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, typically a bearish indicator. However, the histogram shows diminishing negative momentum, hinting at potential weakening of the bearish trend.
RSI (Relative Strength Index): At 36.99, the RSI is close to the oversold territory, which may attract buying interest, suggesting a possible reversal or stabilization.
Analysis and Conclusion:
The current market position of DOGE/USDT shows a potential turnaround from recent lows, supported by the slight increase in price and the stabilization around S1 at $0.12005. The near-oversold RSI condition and the diminishing negative momentum in the MACD could signal a weakening of the bearish pressure, providing room for a potential upward movement toward R1 at $0.16889.
However, traders should remain cautious as the overall MACD position still indicates bearish sentiment. A failure to sustain above S1 could lead to a retest of the lower support at S2, which would confirm a continuation of the bearish trend.
In summary, while there are signs of potential recovery in the DOGE market, it is crucial to watch for sustained movements above S1 and for changes in the MACD and RSI indicators for stronger bullish confirmations. Traders should be prepared to adjust their strategies based on these technical signals and remain vigilant to broader market sentiment that may affect cryptocurrency prices. Always consider using stop-losses and risk management practices to safeguard investments in this volatile market.
DOGE ANALYSIS🚀#DOGE Analysis : What Next ??💲
✅As we can see that there was a formation of "FALLING WEDGE PATTERN" in #DOGE and trading around it's support zone and again making a bullish formation. We are expecting a bullish move in #DOGE 📈
🔰Current Price: $0.12469
🎯 Target Price: $0.22110
⚡️What to do ?
👀Keep an eye on #DOGE price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#DOGE #Cryptocurrency #TechnicalAnalysis #DYOR
DOGE and AIBased on the technical data from the attached DOGE/USDT chart, it can be inferred that the price is likely to decline. Here is the technical analysis, including a breakout from a massive bear flag formation, and AI model testing with a 14-day prediction:
Technical Analysis:
Support and Resistance Levels: The price is moving between two key support levels (tp1 and tp2). A break below these levels could signal further decline.
Trend Lines: The long-term uptrend has been interrupted, and the price is now moving lower below a descending trend line.
Bear Flag Formation: A massive bear flag formation is visible on the chart. The price has broken below the lower line of this formation, which is a strong bearish signal indicating a potential further decline.
Indicators:
RSI (Relative Strength Index): RSI is moving in the oversold area (below 30), which may indicate a potential price drop.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram shows negative values, indicating a bearish trend.
Volume: The trading volume is decreasing, which may indicate weakening momentum.
AI Model Testing:
Model Prediction: The AI model was trained on historical DOGE/USDT data, and its prediction for the next 14 days suggests that the price is likely to decline.
Price Prediction: The model predicts that the DOGE/USDT price will reach the tp1 level in the first week and may continue down to the tp2 level in the second week.
Prediction Reliability: The prediction is supported by both technical analysis and the model's results, which have been tested on similar historical trends.
Based on the above analysis, including the breakout from the massive bear flag formation, and the AI model, it is likely that the DOGE/USDT price will decline over the next 14 days.
TRADING TIPS That SERIOUS Traders Know ( ͡° ͜ʖ ͡°)Trading can be like... following a diet🥨
You need a clear plan, but also some space for cheats. If you're prone to jump-in trading, have some funds available for it - trading should be fun! Take that risk. But plan for it. If you've spent your 10% high risk capitol for the month/quarter, then that's that.
- Look for Fractals
Fractals in higher timeframes such as the weekly are often reliable, as it points towards the cyclic nature of the market.
How did I make +118% on SOL? By following a fractal from the previous bull market:
- Learn Elliot Wave Theory
From the DOGE chart, we can see that Point 5 is not going to happen. (not that it won't happen at all, but just that it won't happen for the short term). How do I know this? ...Elliot Wave Theory. The EWT tells us that if point 4 retraces beyond point 1, the bullish impulse is invalidated. We are now more likely to slow bleed down to Point 2.
- Look for Reliable Patterns
Sometimes, certain patterns can be seen moments before they are finally "finished" forming. It's important to know the rules of these patterns, and trade reactively.
I knew where to short ETH. How did I know? The M-Pattern:
Deep Dive guide on Pattern-Trading here:
- Learn to Manage Risk with Leverage
Let's not duck around - Trading is risky but crypto trading is VERY RISKY. Make sure you have a strategy.
- Learn To Trade the Rotations
There's a secret pattern in the relationship between Bitcoin, Bitcoin Dominance and altcoins by market cap. Make sure you understand it before you take a leveraged trade:
- Pick a few Technical Indicators and STICK TO THEM
It's tempting to use whatever new indicator is the flavor of the day... but how will you ever learn the secrets? Technical indicators have "secrets". They look different on different markets. For example, SOL can be "Extremely Overbought" without correcting much for an extended period of time, where as Bitcoin usually corrects when the "Extremely Overbought" signal flashes. (This is an observation from using one indicator on many charts).
Personally, I love Bollinger Bands, Moving averages and Cryptocheck START V3.5 as my combo indicator.
That's how I called the beginning of the new Bullish season in November 2023:
It's important to note that none of these strategies are 100% fail proof. Even the best Wallstreet traders average on 58% per annum.
Stop trying to follow people who claim to make +1000000....% per annum. Often, these guys have lots of money to lose, in other words it's more a fly-by-night than studying charts for consistent wins.
As long as you're making more than interest rates from a fixed deposit at the bank - you're winning!
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Is it time for DOGE?Exactly 2 weeks ago I posted the idea about BINANCE:DOGEUSDT might check 0.13 area and complete Elliot Wave theory. All profits are taken. Now it is a time to observe and wait patiently.
There are a few things I would like to see:
1. Close a candle above 0.13 in 1D TF.
2. BOS or CHOCH movement.
3. Volume.
4. CRYPTOCAP:BTC.D to decrease.
BONK vs BITCOIN logical circle analysisIn the big picture, extremely BULLISH. Bonk is still a baby, his future is still ahead.
It can be seen that the bonk coin follows the logical rhythm of btc, which is important to me. The last three waves have been logical and also the unfinished fourth. Gives the probability that the next waves will be in the same rhythm.
I tried btc 100k+ to see what level bonk coin is and it was more difficult than I thought at first. Let's say today bonk is above 0.0001 when btc is 100k+, analyzing step by step will give us a better answer in the future. 0.0001 is the minimum set today, which may change in the future.
It is also complicated by the fact that it is not clearly known how much btc is over 100k.
btc 100k+ is step 1, there is also step 2 and it is 250k.
Many of my analyzes see a buy in May or June, possibly the same for the bonk coin.
3d chart
I could be wrong, I only show what I see, MoralDisciple
HOW CAN YOU BE BEARISH?? DOGEWhen you are in doubt, zoom out. Always. You need to have a plan and here the plan is simple: buy the dip and hold. Dogecoin is NOT BEARISH and will not drop to new lows. As you can see, chart is clear. One year bearish phase, followed by two years accumulation phase. We have just come out from the bearish phase and we have around 10 months of bulls. We will probably see new ATH before 10 months, and if you are bearish, please, just scalp like I do sometimes
DOGEUSDT / DOGECOIN Weekly analysisHello, traders here is a setup of DOGECOIN as you can see the price has been in a bullish form and it broke the resistance level that was tested multiple times and turned into support, so now you can see that the price is on a support level and for me to get in the trade I will wait for the price to create a double-bottom candlestick pattern then I will buy the price to my target.
DOGEUSDT.1DAnalyzing the DOGE/USDT daily chart, I've drawn several observations based on the displayed technical indicators and price patterns:
Support and Resistance Levels: The current price of Dogecoin is oscillating around $0.14596, which is slightly above the support level (S1) at $0.13777. The next significant resistance levels are R1 at $0.16548 and R2 at $0.21101. The support and resistance levels are crucial for predicting potential turning points or continuation of the price trend.
Price Patterns: The chart exhibits some consolidation after a drop, indicating indecision in the market. This consolidation near a support level could suggest that buyers are beginning to see value, potentially leading to a price rebound.
Technical Indicators:
Relative Strength Index (RSI): The RSI is near 50, which generally indicates a neutral market condition. This positioning suggests that the price could swing in either direction, depending on market dynamics.
Moving Average Convergence Divergence (MACD): The MACD is relatively flat and close to the zero line, indicating a lack of strong momentum in either direction. This could suggest a period of sideways movement or the potential for a trend shift if a catalyst occurs.
Trading Strategy: Considering the price is near a significant support level, this might be seen as a buying opportunity for those speculating on a rebound towards R1. However, it's essential to set a stop-loss slightly below S1 to protect against a potential break lower, which could see the price moving towards S2 at $0.12214.
Risk Management: Effective risk management is critical given the uncertain market conditions indicated by the RSI and MACD. Traders should ensure their trading plan includes predefined risk parameters, adjusting position sizes and stop-loss orders to manage potential downside.
Conclusion: DOGE/USDT presents a moderate risk opportunity with the price near key support. A bounce off this level could offer a short-term trading opportunity with a target at R1, while a break below could lead to further declines. Given the flat MACD and neutral RSI, traders should remain cautious, monitoring for any changes in volume or news that might influence price direction. This approach ensures preparedness for both potential upward movement and continued downside risk.
Honestly, I don't feel like explaining because the chart says itHi.
BINANCE:DOGEUSDT
DOGE is testing the top of symmetrical triangle on Daily timeframe
Up We Go if we manage to break upwards🐃
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 AB=CD
🟢symmetrical Triangle
❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOGEUSDT Scenario to reach $1 / (Memecoin Basket)BINANCE:DOGEUSDT
COINBASE:DOGEUSD
Hello Traders
DOGECOIN is one of my suggestions for the altcoin market (Memecoin Basket).
Highly potential for the alt rally season.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
As the alt-season rally approach, the demand for meme coins will increase continuously.