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Dogeusdtanalysis

DOGE DOGECOIN Technical Analysis And Trade IdeaIn recent times, DOGE has showcased a robust bullish trajectory. This video meticulously delves into the Dogecoin trend, intricately scrutinizing price action and pinpointing potential trading opportunities through a comprehensive evaluation across both the weekly and daily timeframes. Expect a thorough examination of price dynamics, market structure, trend analysis, and pivotal technical analysis elements. It's imperative to highlight that the information presented is strictly for educational purposes and should not be misconstrued as financial guidance.
Long
by fxtraderanthony
DOGE → Breaking Resistance to $0.10? $0.15?? Let's Clarify.Dogecoin is knocking on the door of the Resistance Zone looking to hit the next price targets. We're currently in an ascending triangle which is bullish, will Doge break out? How do we trade this? 🤔 There are several reasons to be bullish; Bullish Macro Trend, Ascending Triangle pattern, Above 30EMA and 200EMA Ribbons, RSI above the Moving Average, and Bitcoin broke out of its Weekly Resistance. That's quite the list of reasons to get long! But should we long now? There is one important reason we shouldn't long; we're at resistance. Never long resistance! We should wait for resistance to be broken and then tested as support before entering a long position. Once broken and support has been tested, long around the $0.89 area and set a 1:3 Risk/Reward. I recommend selling half of your position at 1:1 Risk/Reward, moving the stop loss up to your entry price, then swinging the rest of the position to at least 1:3 Risk Reward or until you see a reversal signal. The immediate target after breaking resistance is $0.10 but if the market takes off, we could see highs up to the next major resistance around $0.15. 💡 Trade Idea 💡 Long Entry: $0.888 🟥 Stop Loss: $0.8620 ✅ Take Profit #1: $0.9140 ✅ Take Profit #2: $0.9666 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Ascending Triangle, Bias to Long. 2. Two Rejections, Third one is underway. 3. Wait for a Break of Resistance and a Test of Support Before Longing. 4. RSI at 63.00 and below Moving Average, Short-Term Bullish. 5. Long Above Resistance, Stop Loss Below Resistance Zone. ⚠️ 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!
Long
by TraderEngineering
DOGE will decrease by 20%, then does the magic as always.Hi Traders, Just some basic weekly candlestick check. We saw a brutally nice red hammer at the top of the trend. This symbolize a massive price decrease in the short term (1-3 weeks). Stoch RSI is already showed that we will go down. Also, the Ichimoku cloud is read and thick as hell, which basically means that it is barely impossible to go above or into that level. This is the rule how we should read the indicator. I expect a price decrease around 10-20% and then a massive increase. Check my BTC idea also, because the market is still led by the big pappa, the BTC. :) Best of luck.
Short
by Arokthomasso
2
DOGE to $0.10!? A Long Setup for Maximum Profit!DOGE continues to march upwards in its month-long bull run and has its eye on $0.10! If you're not long yet, prepare yourself for a long entry that could return up to 50% profit. To get there, we need to assess our current risk/reward ratio and probability of profit. How do we trade this? In a bull channel, our bias should be toward the upside since the probability of profit is greater. That doesn't mean we long right now at $0.08, our Risk/Reward would be about 1:1. The better long entry is at the bottom of the bull channel around $0.75, which allows for a 1:3 Risk/Reward ratio if we target just shy of $0.09. Not only does the price need to fall to $0.075, but we also need a strong bull signal and confirmation bar for a long entry. The signal bar will have a tail 1/3 to 1/2 the total bar size with the price closing on or near its high. The confirmation bar should be a strong bull bar closing on or near its high. This would be the safest long entry because it secures a higher probability that the price will continue to respect the bull channel. Key Points 1. Bull Channel, Probability of Profit is greater to the upside. Always in Long. 2. Price in Center of Channel, wait for a pullback to enter long. 3. Bitcoin Leading Indicator, Risk of Pullback. 4. RSI around 50.00, wait for it to fall between 35 and 40 to long. 5. Wait for a Strong Buy Signal at $0.075 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering
The breakout confirmation of the descending wedge on DOGE Hello everyone! DOGE has been in a prolonged sideways movement for exactly a year with gradual decrease in peak price values and updating of local lows. This movement formed a descending wedge formation, and upon breaking out of this formation, the price should reach the range of the widest part of the pattern, which is also confirmed by Fibonacci levels. If a position is opened from the current values, the expected profit is 66%. If an entry is made from the 0.236 Fibonacci level, the expected profit is 51%. This is not financial advice, and everything you do is at your own risk!
Long
by neverovv
🌞 Shining on DOGE! Rebound Imminent? Mixed trading conditions over the global crypto market in the next 24 hours. 🌤️ Slightly bullish sun, indicating upside potential, is shining over Dogecoin and Bitcoin. Scattered bearish clouds obscure the sun over the other altcoins, implying a downside risk.🌦️ Over a one-week horizon, the 🌞 bullish mood will return, with the sun shining over most crypto tokens. Bearish clouds will linger over Avalanche, Binance Coin, and Polkadot, 🌧️ ATTMO shows. Follow us for more crypto weather reports!
by ATTMO
DOGEUSDT at monthly support, likely to bounce upThe price has hit the monthly support MS1 again. It has done that several time in the past and this support has held the price since the drop started after hitting all time high in 2021. Everytime, the price has bounced from this support before the next visit of this support. The price is again at the same juncture and it is likely that the price bounces from this support again. The price may dip a bit further into this monthly support zone but eventually it shall reverse sooner or later from this zone. Therefore, a long from this zone is favorable. In case if the unlikely event of losing this monthly support happens, then it is likely that the price will visit weekly support around 0.009.
Long
by angela_altair
🔻 DOGEUSDT 🔻 SHORT - Local on 01/09DOGE - 1h - BINANCE:DOGEUSDT COINBASE:DOGEUSDT OKX:DOGEUSDT KRAKEN:DOGEUSDT BITMEX:DOGEUSDT.P The impulsive downward movement of DOGE received a reaction in the nearest FTA zone. It has entered a sideways movement, and based on the chart, there doesn't seem to be much eagerness to buy at the moment. I anticipate the removal of internal liquidity at the level of 0.0641-0.06461 , followed by further downward movement. The initial targets for removal are 0.06252 and 0.06236 . Afterwards, I will be monitoring buyer reactions; if we see strong buying activity, DOGE may rebound. If not, there's a possibility of a spill down to the level of 0.06160 with a correction, and the nearest target becomes 0.06011 . P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing insights. Subscribe ↗️ to stay updated on new ideas.
Short
by SHIFU_
DOGEUSDT high time frame overviewHere is a long term view of DOGEUSDT. The price is currently trading just under the monthly resistance MR1. It bounce in June from a strong support confluence of monthly and weekly support. Its facing the resistance MR1+WR1 which is also confluence of monthly and weekly resistances. Since the price has been rejected from the resistance, usually it is likely that it will go to the next support. But since there is no follow through after that first weekly red candle, things are looking different. The current weekly candle is still in formation and currently it is green but lets see how it turns out at the end of the week. In case it remains a green one and trades under that resistance zone, then likelihood of it going above is higher and the next target for the price should then be weekly resistance zone WR2 and probably monthly resistance MR2. If we close current weekly candle red, then highly likely we are headed for weekly support WS1 and this case is currently not having a strong ground. Anyways, lets keep a watch on this one.
Long
by angela_altair
Doge - go short positionOn the 4 time frame, a squeeze to the level. A redemption candle that lures many players into longing. On the daily timeframe false breakout of the previous day. On the hour timeframe marked in green the zone of the false breakdown. A big short player is taking a position. Locally there is a shorting slope. if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Short
by Artem_Dishel
5
Dogecoin Trading: Tesla's Support and Long-Term Price Movement Tesla's recent announcement to accept Dogecoin as a payment method was discovered on its site price web page. While this news has undoubtedly sparked enthusiasm among Dogecoin enthusiasts, it is essential to approach this development with caution and a critical eye. Support from a renowned company like Tesla undeniably adds credibility to Dogecoin's reputation. However, it is crucial to remember that the cryptocurrency market is highly volatile and unpredictable. The price movements of any digital asset, including Dogecoin, can be influenced by a multitude of internal and external factors. Therefore, it is essential to consider various aspects before making any trading decisions. Here are a few factors to bear in mind when evaluating the potential long-term price movement of Dogecoin: 1. Market Sentiment: The market sentiment surrounding Dogecoin can significantly impact its price. While Tesla's support may initially boost confidence, it is essential to remain vigilant and assess the opinion of the broader crypto community. 2. Fundamental Analysis: Conduct a thorough fundamental analysis of Dogecoin, examining its technology, adoption rate, and utility. Understanding the underlying factors contributing to its value will help you make informed trading decisions. 3. Market Manipulation: Be aware that the cryptocurrency market is susceptible to manipulation. News and announcements like Tesla's support can be exploited to create artificial price movements. Exercise caution and rely on reliable sources of information before making any trading decisions. 4. Risk Management: Implement effective risk management strategies to protect your investments. Diversify your portfolio, set stop-loss orders, and avoid investing more than you can afford to lose. Remember, no investment is without risk, and preparing for potential downturns is essential. In conclusion, while Tesla's support for Dogecoin has undoubtedly generated excitement, it is crucial to approach the situation cautiously. Conduct thorough research, stay informed, and consider the broader market conditions before making any trading decisions involving Dogecoin. As a responsible crypto trader, we must prioritize informed decision-making and risk management. Remember, the crypto market is highly volatile, and success lies in being diligent, cautious, and well-informed.
by bryandowningqln
Considerations for Trading DOGE: A Cautious ApproachI want to draw your attention to an intriguing scenario involving Dogecoin (DOGE) trading, specifically when the price is below the Simple Moving Averages (SMA) of 50 and 200. Still, the Moving Average Convergence Divergence (MACD) indicator shows a promising trend reversal. While such a situation may appear tempting, exercising caution and thoroughly evaluating the potential risks before making any trading decisions is crucial. This idea highlights the key factors you should consider before engaging in any DOGE trades under these specific circumstances. 1. SMA 50 and 200 - The first point of concern arises when the DOGE price falls below SMA 50 and 200. This indicates a potential bearish trend, suggesting that the overall sentiment surrounding DOGE may be harmful. It is essential to recognize that trading against such a trend can be hazardous, as it often requires a comprehensive understanding of market dynamics and strong technical analysis skills. 2. MACD Trend Reversal - Conversely, the MACD indicator might reveal a promising trend reversal, indicating a potential shift from bearish to bullish sentiment. This could be an enticing opportunity for traders seeking to capitalize on short-term gains. However, it is essential to remember that indicators alone do not guarantee success. A thorough analysis of other market factors, such as trading volume, support, resistance levels, and overall market sentiment, is crucial to making informed decisions. Considering the above factors, it is evident that trading DOGE under these specific circumstances requires a cautious approach. Here are a few call-to-action points to encourage you to sell DOGE carefully: 1. Conduct Comprehensive Analysis: Prioritize conducting a comprehensive technical analysis, considering the MACD indicator, other relevant indicators, and market factors. This will help you gain a holistic view of the market sentiment and make informed trading decisions. 2. Seek Professional Advice: If you are uncertain about the risks and rewards associated with trading DOGE under these circumstances, consider consulting with experienced traders or financial advisors who can provide valuable insights and guidance. 3. Practice Risk Management: Always implement appropriate risk management strategies, such as setting stop-loss orders and determining risk tolerance. This will help protect your capital and minimize potential losses. 4. Stay Informed: Stay updated with the latest news, market trends, and developments in the cryptocurrency space. This will enable you to effectively make more informed decisions and adapt to changing market conditions. In conclusion, while the combination of DOGE's price below SMA 50 and 200 and a promising MACD trend reversal may seem tempting, it is crucial to approach such trading scenarios with caution. Thorough analysis, seeking professional advice, practicing risk management, and staying informed are essential steps before engaging in any DOGE trades. Remember, successful trading requires knowledge, experience, and careful decision-making. Approach DOGE trading under these circumstances with a cautious mindset to mitigate potential risks and maximize your chances of success.
Short
by bryandowningqln
Urgent: Dogecoin's Descending Triangle - Take Action Now!Over the past few weeks, Dogecoin has experienced a significant decline in a Descending Triangle. As a fellow trader, I believe it is crucial to stay informed about such shifts in the market and take appropriate actions to protect our investments. As you may be aware, Dogecoin gained immense popularity earlier this year, primarily driven by social media trends and celebrity endorsements. However, the initial hype has started to dwindle, resulting in a substantial decrease in trading volume and overall interest. This descending trend indicates a potential decline in the coin's value and market stability. Considering the current situation, I strongly urge you to reevaluate your investment strategy and remove Dogecoin from your watchlist. While it is true that cryptocurrencies can be highly volatile, it is equally essential to make informed decisions based on market trends and performance indicators. Ignoring these warning signs might expose your portfolio to unnecessary risks. To assist you in making an informed decision, I recommend closely monitoring Dogecoin's trading volume, market capitalization, and news updates. Additionally, it would be wise to diversify your investments and explore other promising cryptocurrencies that may offer more stable growth opportunities. Remember, as crypto traders, and it is our responsibility to stay vigilant and adapt to the ever-changing market conditions. By taking action now and removing Dogecoin from your watchlist, you can safeguard your investments and position yourself for more favorable opportunities in the crypto market. I encourage you to share this information with your fellow traders and friends in the crypto community. Together, we can help each other navigate the volatile world of cryptocurrencies and make informed decisions to protect our investments.
Short
by bryandowningqln
1