DOGEBTCB_55143C.USD trade ideas
Will DOGE Price Crash To $0.050?DOGE price finds a significant support is found at the $0.060 level.
Recent sideways movement has resulted in multiple Doji candles in the 1-week chart.
Price action shows a long tail reversal in the falling wedge pattern.
Despite a $0.064 rally, the DOGE price couldn't break the 200 EMA in the 4-H chart, leading to a double top reversal.
Current trading is at $0.0639 with support from the 50 EMA in the 4-H chart.
MACD and RSI indicators are positive, suggesting a potential breakout.
A breakout above $0.064 could lead to a recovery to the $0.070 mark, a 9% increase.
A fall to $0.060 might lead to a more severe downtrend towards $0.050.
Will Dogecoin Breakout Of Ascending Triangle?Dogecoin on a 4hr chart is forming an ascending triangle pattern. Will it breakout soon? Expecting a decent move if it does.
Doge LongDoge sitting at a intermediate demand zone(somewhat short term) if price respects the lows then we may see a run up to close out the year with bullish momentum
DOGE: Low Demand at Trend SupportDogecoin didn't have much of a recovery after the latest sell-off. The automatic rally (AR) was unconvincing, on very low demand, and subsequent upthrust actions have resulted in failures to rally (FtR) with huge effort in volume not equaling any sizable result in the price action. This, plus the rising wedge-like structure of the candles and overall supply predominance all point to possible redistribution. These formations are typically the "B" correction in the ABC portion of the Elliot Wave after the final impulse wave (wave 5) tops out.
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DOGETo make it you simply have to market buy here and now (if you're not already underwater from 8 cents or higher).
Fractal is livingLook this chart and with BTC in 2018 before the break the support
Wahou. Nice fractal and pattern.
Same, same.
Happy day.
Doge Weekly ViewDoge's trajectory should shift downward to align with the weekly trend, which could potentially initiate a significant upward market movement. It's as if all the elements are orchestrated in anticipation of the forthcoming bullish market surge expected around 2024 or 2025.
DOGE LongDespite on GOLD pattern has been broke up 1900, possibility cryptos will too. BTC has been up pattern for now, I believe it too with the others relatively.
I Choose on DOGE, coz I see Elon face frequently for now. In line with their own not yet sold from the beginning they have it indeed
Dogecoin's long-term growth goalIn the monthly time form, we see jumps of 700% in the first peak and 38,000% in the second peak, which can cause a jump of 98,000% in the third peak in 2024.
DOGEI believe that our local bottom here is coinciding with the full moon approaching.
Then we run to the other side of the range and tag range highs above .08 by next new moon.
Triple Zigzag! Ready to Upside?Hello friends, I hope you are having a productive week.
I would like to share my ideas on the Elliott Wave Principle with you.
Please refer to the attached chart for more information. If you are interested, you can also check out my previous analysis.
I want to mention that my understanding of this principle is based on my personal experience and I am still learning, but I hope to provide better analysis in the future.
Thank you for your continued support and I look forward to our mutual success.
Best regards, Mr. Nobody.
Go up and never stop.
Will Dogecoin Ignite A Rally With $0.065 Breakout?Dogecoin hints at a double-bottom reversal; neckline pegged at $0.065.
Short-term resistance trendline put to the test.
DOGE eyes a target of $0.070 after potential reversal.
Recent 25% dip in 23 days pushes Dogecoin to a critical $0.060 support.
Last week's 20% plunge further challenges Dogecoin's resilience.
A bullish comeback seems imminent as Dogecoin finds solid ground.
Dogecoin's 1-week chart highlights a pronounced downtrend since Nov 2022.
Signs of recovery: Price rebounds above the crucial $0.060 level.
Overhead resistance trendline intertwined with 50-week EMA becomes the next hurdle.
Post-crash, Dogecoin steadies at $0.060, hinting at a market turnaround.
Double bottom on the 4H chart suggests imminent rally.
Breakout at $0.065 could boost the meme coin sector.
Immediate resistance expected at the 50-day EMA, before the $0.070 test.
Downside risk: A move below $0.060 targets supports at $0.056 and $0.053.
DOGE - pump 55% and then drop 85% to $0.0162.See the idea next to SHIBDOGE there is an interesting fractal there. In general there is a global distribution after a long position set. 1$ is not going to happen)
DOGE - Targets below 0.05
The gray descending trendline was broken, but in a bear flag formation, which was broken (green line).
The trendline is now service as support, and I still expect new lower lows for wave 5, targeting 0.0491 initially.
Lower low inc. for DogeThis fractal is basically playing out perfect. Been following this one for a while. Price will probably go to the blue zone as market on the fractal this will be a lower low.
Doge: hold the trend and go up Doge is currently testing the recent upward trend. If it holds around 0.738, potential for uptrend continuation to 0.77. A breakout could catapult it to 0.79.
Bull Market wave 3&4!Otherwise 1.2-1.2Wishing you a fruitful week
I would like to share with you two ideas that I have developed using the Elliott Wave Principle.
For more explanation, refer to the attached chart.
Friends, if you like, you can refer to my previous analysis. I must mention that my understanding of the Elliott Wave principle is based on my personal experience, and while I am still learning, I hope to provide better analysis in the future.
Your continued support is greatly appreciated and I look forward to our mutual success.
Sincerely (Mr. Nobody)
Go up and Never Stop.
DOGUSD - Bullish Continuation PatternThe pair has been observed developing a Bullish Flag continuation pattern. There is no divergence of RSI with the price action as per the trend. The entry, stop loss, and profit levels are marked. Let's hope for the Profits!
DOGEIt seems like now is a reasonable place to be a dogecoin bull, having reset nicely after setting its highest highs since April.
This market has given ample opportunity around its yearly open price (~.07) and I believe it's time now to continue marking up.
Take all liquidity up through recent swing high.
DOGEUSD is the bottom in? Where could it go?Historically, DOGEUSD has rallied between 2,800% and a whopping 60,000% after creating a macro market bottom. It may be the case that DOGE rallies in similar ways in the future. It's worth noting that Metcalf's law is important; as well as the law of diminishing returns.
Ultimate DOGE Breakout To Surpass $0.10 COMING SOON!
26.22% Bull Run: A remarkable bull run took Dogecoin prices to $0.08, followed by a correction phase that dropped the price to $0.073.
Double-Bottom Reversal at $0.073: This pattern challenges the short-term downtrend and signals a potential breakout rally, supported by a triple white soldier pattern.
3.36% Recovery with Neckline at $0.0758: The recovery in the DOGE coin, along with high trading volume and improving sentiments, fuels the breakout phase.
Challenging Short-Term Resistance: The reversal rally is currently challenging the short-term resistance trendline, indicating a potential breakout.
Bullish MACD and RSI Indicators: The MACD is ready for a bullish crossover, and the RSI line resurfaces above the halfway line, reflecting bullish sentiments.
Current Trading at $0.0759: Closing above the neckline or resistance will set a bullish setup for the coming days.
Potential Triangle Breakout: If DOGE closes above $0.0763 in the 4-hour chart, it will signal a triangle breakout, possibly shooting the price to $0.0811 before the weekend.
Risk of Reversal to $0.073: A reversal within the triangle could retest the bullish dominance at the $0.073 level, posing a risk to the upward momentum.
DOGE: Good setup to go higher Doge's current configuration suggests a favorable opportunity for an upward trajectory.
Levels: 0.79¦ 0.77 0.74 ¦0.72
A breach of the 0.77 level could propel it towards a rally reaching 0.79. Conversely, in a downside scenario, a breach below 0.74 might lead to a descent towards the 0.72 mark.
