DOGEBULLUSD trade ideas
Another Look at DOGE - Pure Speculation based on HistoryThis is another chart purely based on historical price action and the chart looks pretty bloody good.
However ...... Between Kabosu's death (R.I.P) , the myriad of new meme coins being generated ( ..and rugged) and questions over any future utility that DOGE may have. Can it continue its pattern ???
Doge: When there is blood....,Setting up first trade since my previous count got invalidated and stop loss hit. Risk to reward is pretty good here. If things go as planned, there will be profit taking along the way. Looking for first leg to reach $0.15- $0.16 where I will take out half of original capital and look for a B wave for a reload. Let's see how it goes.
Heads up on DOGE lowest drop these days!I am looking at the lowest DOGE price these days and prevent liquidation for positions which trapped and there is no alarm on what might be the lowest price when most account discuss bullish scenarios! Following the previous market attitude, I guess the lowest dip we might have on DOGE price is about $0.10183 then RSI will recover from that point (Monthly and Weekly RSI still have some room downward.)
Please share your thoughts if you agree or disagree!
Dogecoin Reaction, 4-wave of minor degreeMy forecast from April 2 worked out perfectly. The targets are achieved.
I have not met a more accurate analysis on the Internet, everyone was wrong.
Now I am anticipating a reaction within the 4th wave of the lower degree.
Good luck and have a massive profit!
Doge: just got complicatedHappy Birthday USA. Market just took a dump and invalidated several of my EW counts. Doge breached the unbreachable area of $0.107. That will make it a lot more complicated to track the price action. At the moment, there is no trade. Elliot wave perspective, several alternative counts are active now. Need to wait and see which way the price will unfold.
1. Bullish count: Primary wave 4 completed and price action since Oct last year is a leading diagonal. The price swings will need to be subdivided into 3 wave structures. It can be fitted. For this to correct, price needs to break over at least $0.32 in the next 3 to 6 months in a 3 wave structure. The trade will be at wave 2 following the completion of leading diagonal wave 1. I is usually a very sharp and deep wave prior to rocket.
2. Bearish count: Primary wave 4 is still in progress. March high was just the X wave and now Y wave is in progress. So far I can see a 3 waves down. So, it can either be a flat or a zigzag. Flat correction might bring price down to retest the $0.05 lows. Zigzag correction might take thing a lot lower. I don't think I will be shorting this at this stage. The trade now will be to wait till a bottom is confirmed and an uptrend is established.
Doge sellDodge is currently at the support level of 0.10 to 0.11 cents and it is likely to continue its growth in these price ranges, but on the other hand, according to the daily chart of this currency, it is breaking its upward trend line, and if the bearish candles If it continues, it can continue to fall until the support of 0.08 cents
Doge target confirmationAccording to my anticipation the total crypto market is in ABC correcting structure. All the rise in 2023 year was on reducing volume. There are also other indicators.
Here is my base scenario for the ABC wave structure. After two more new read candles on 2W TF will have one more confirmation.
The trading itself is simple, the more complicating thing is to keep calm and follow a strategy.
Good luck and have a fat profit!
DOGEUSD: Strategies Unite!Crypto:
I, personally, do not like crypto, but I like the chart of Dogecoin. I am playing it small while focusing on stocks.
Technicals:
-After a 4 to 5 weekly drop in Dogecoin (from May to June), Dogecoin also formed a weekly NR4 or NR7 bar.
-This weekly bar is also a doji. This doji appeared right on top of weekly horizontal support from April 2022 and December 2022.
-Weekly volume on the drops overall have been smaller that the rises; and the entire drop has shrinking volume overall. My indicators are showing extremes and hidden divergence at the same place.
- After an a-b-c extension with have a Mathis wave of W-X-Y.
-The "X" appears right in between 61.8%-78% fib.
-uHd with indicator extremes
DOGE Massive Move Incoming? Pump To 2$!Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider.
In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the previous two bull-cycles, DOGE saw a +9,000% and a +30,000% between 38 and 34 months AFTER the previous top.
In February, where we can argue that DOGE's bull-cycle has started, we were at 33 months after the previous cycle top. Close enough!
If DOGE increases by a fraction of what it did in the previous two cycles, we can very easily argue that a 1$ or even a 2$ value per token is not too far-fetched.
Are you bullish on DOGE? Share your thoughts.