DOGEBULLUSD trade ideas
DOGE | The doge's view of space memesMultiple catalysts inbound. DOGE-1, X-integration, and perhaps other "unannounced" stuff ;)
Doge is meme, the chart is a meme, too. Take it seriously with a grain of salt.
Good Luck.
CRYPTO:DOGEUSD
DOGEIt appears I was wrong about last week's pullback as back up to support
In hindsight, today's dip looks like a proper back up to support (and test of yearly open/ mid/ psychologically significant .07)
I don't think the uptrend is over
Selling pressure creates long liquidity
.08 (and higher) right around the corner
Can DOGE price reach $0.1?Bullish Breakout: Dogecoin price sees a surge, breaking out of a falling wedge pattern.
Golden Crossover: Imminent golden crossover between the 50-day and 200-day EMA could confirm trend reversal.
Current Trading Price: DOGE is trading at $0.0770, with a 2.39% intraday increase.
Market Sentiment: Strong bullish support is evident from $3 million in short liquidations.
Technical Indicators: MACD shows a continued uptrend, avoiding a death cross.
Price Action: DOGE forms higher highs following a double bottom reversal from $0.057.
Volume Support: Increased trading volume backs the bullish momentum.
Long-Term Pattern: A triangle breakout in the weekly chart indicates a strong rally.
Psychological Mark: The $0.1 target is set as the next psychological milestone for DOGE.
Bearish Scenario: A drop below $0.070 could see DOGE fall to $0.066.
DOGESteady lads, next objective .081
Might pump fake about .076, but don't be fooled!
Downside is limited
Upside is infinite
DOGE from .069to .101New yellow trace identified on the 3d, and illustrated on the 4h, shows a likely scenario for taking the old DOGE boy for a little run this weekend.
Good boy! Sit, Stay!
Infinite love!… DOGE Coin!
Lets go for a run!
DOGE breakout closeDouble bottom confirmed and testing descending wedge, bullish divergence on daily (and weekly- not displayed) RSI
Bull Market Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
DOGEDOGE looking increasingly likely that it's going to get weekly close above range mid
Range highs (.08+) sewn
DOGEWe got that move up into yearly open I alluded to from support day before yesterday
Above yearly open now
I'd like to see a higher volume follow through above yearly open and continued closure above yearly open into weekly close.
Also, tagged range mid in that last h1 -- another level to overcome for weekly close
As a matter of fact, it's more of an area of resistance from .0696969 through range mid that also includes yearly open in my mind
We'd like to see a high volume weekly close above all to create an opportunity for bulls to maintain control into next week and press for range highs at .081
Go DOGe Go!Fractal Propagation in Orange. These are the fun ones!! :)
Doge coin is the currency of pure emotion… we all just LOVE IT!!! Like a dog, filled with unconditional love! Watch BTC, ETH, and teh SPX collapse over the next few years, and be like a good dog…. Sit, Stay, Love, Meditate.
Go DOGe Go!
DOGE - run boy!Hello!
Sit, Stay, GOOD BOY!
Google a “hulaween doge federal reserve mural” if you want to see the future!
DOGE ($DOGE) Coin Price MovementsThe cryptocurrency market continues to recover from the effects of the decline that started with the opening of Wall Street. Bitcoin, which fell below the $35,000 level during the day, was trading at $35,043. Of course, many altcoins were also negatively affected by this situation, but buying has started to increase in the altcoin market as well. So, what’s happening in the Dogecoin market? Let’s take a closer look.
The first notable formation in the daily Dogecoin chart is a descending wedge formation. In this pattern that has been ongoing since March, the DOGE price recently squeezed into a tight range after touching the resistance line. This situation, especially at the EMA 200 (red line) level, may indicate a negative scenario for DOGE.
The support levels to watch for DOGE are respectively $0.06719, $0.06449, and $0.06163. Although it may be difficult to talk about any negative scenarios below these supports, contact with the support line can be expected with a daily bar closing below the $0.06163 level.
The resistance levels to watch for DOGE are respectively $0.06820, $0.07260, and $0.07720. Especially, a daily bar closing above the $0.07260 level will trigger an upward breakout in the descending wedge formation and this will accelerate the rise of DOGE.
DOGEStill holding nicely above what had been resistance prior to recent runup
Starting to close above yearly open creates an opportunity for it to run .075 swing high
DOGE local targetsIf DOGE is to ever see astronomical gains it has to break $.019. However, it needs to clear $.11 & $.16 first.
DOGEIn honor of Kabosu mama's 18th birthday we are celebrating DOGE DAY November 2nd
HBD Kabosu mama!
Without you, there would be no DOGE
We are forever grateful!
You know this is good for at least 1 Elon tweet to get the ball moving from the lows 😂
A proper quick 3x would be nice
DOGEAs mentioned in earlier idea, I believe we are witnessing a textbook Wyckoff Accumulation Schematic #1 play out on DOGE.
I believe we are currently at the tail end of Phase D, at the BU/LPS, which precedes additional markup in Phase E.
Having already experienced SOS, which is "sign of strength", and characterized by a “jump across the creek” of price resistance, it appears we are now at the BU/LPS structural element.
LPS is the "last point of support", and is a low or pullback after SOS.
BU stands for "back up", and refers to the back up to the creek, and is a common structural element preceding a more substantial price mark-up.
BU/LPS is considered an excellent place to initiate or add to a profitable long position.
Interestingly enough, the area at which all this is occurring happens to coincide with the 2023 Yearly Open at .07, which is also the mid of the current range, and a psychologically significant number to overcome.
I believe that the dominance of demand over supply is already evident in the price action since earlier this month, and the market is suggesting that we should anticipate that this dominance of demand over supply will continue into November.
TL;DR
Higher
DOGEThis is a first pass attempt at analogizing DOGE price action with Wyckoff accumulation schematic #1.
If you are not familiar with The Wyckoff Method, please take the time to familiarize yourself as, in order to keep this description as brief as possible, I am not going to explain what each text label denotes.
It appears we may currently be at the "back up to the creek" or "last point of support" structural element, which commonly precedes a more significant price mark up.
I believe the application of these concepts is more art than science, but you can't deny the similarities between DOGE price action and the schematic.
TL;DR more substantial price mark-up appears imminent.
DOGEBacktesting yearly open right now, which happens to also be mid of current range, and represents 1/32 retrace from cyclical peak to trough.
If you weren't bullish at range lows, we now have objective rationale to justify bullishness at current juncture; the reclaim of yearly open, reclaim of range mid and 1/32 peak trough retrace, etc
If you aren't already in position this appears to be an opportune time and place to get into position.
As always, no reward without risk.
DOGEHere's your free 6.33R trade brah.
The deviation of giga support (6 cents is giga support) looking increasingly obvious in hindsight as "spring" in Wyckoffian language/ context, which preludes markup phase as accumulation phase comes to an end.
8 cents imminent imo.
Will DOGE rise higher with this breakout?Current Status: DOGE is trading at $0.0705, sustaining above the 200-day EMA.
Resistance Level: The $0.083 mark is the next significant resistance level for DOGE.
Technical Indicators - RSI: The RSI has entered the overbought zone, signaling a strong uptrend.
Technical Indicators - EMA: Both the 50-day and 200-day EMAs are bullish, suggesting a possible golden crossover.
Recent Performance: DOGE has seen a 20% jump recently, breaking the overhead resistance trendline.
Retest: A bearish engulfing candle has led to a retest of the breakout, which could refuel the uptrend.
Potential Targets: If DOGE successfully retests, it could aim for the $0.083 mark, accounting for an 18% jump.
Downside Risk: A fall below $0.070 could lead to a drop to $0.066.
Long-Term Downtrend: DOGE has reversed a long-term downtrend that saw a 92% drop from its all-time high.
Meme Coin Leader: Being a leader among meme coins, DOGE could spearhead a new bull run in that category.
Market Sentiment: Overall sentiment is bullish, especially if DOGE sustains its current momentum.
