DOGEUSD.P trade ideas
Dogecoin - Last buy before +250% pump!CRYPTO:DOGEUSD broke out of another triangle formation and is preparing a major move.
Cycle after cycle after cycle. Dogecoin is definitely one of these assets where you have to look at the higher timeframes; otherwise there is a high risk that you get caught up in short term moves. The trend is clearly bullish and five months ago Dogecoin broke out of a symmetrical triangle formation. We also have a valid break and retest, all indicating a bullish reversal.
Levels to watch: $0.125, $0.359
Keep your long term vision,
Philip - BasicTrading
Dogecoin + Golden Cross + Potential $12 - $35Disclaimer:
Cryptocurrency trading involves substantial risk, and past performance is not indicative of future results. This analysis is based on historical data and technical patterns and should not be taken as financial advice.
The stage is set for doge. Big Bull.Momentum has been on the floor along with relatively high volatility for the last 10 days. The longer Doge holds sideways without losing Tuesdays low. The odds increase for an upside move alongside volatility expansion. The highlighted candles and green box's represent areas I believe will be taken rather easily before a move north of 0.30 cents conservatively. Good luck have fun.
DOGEDOGE deviating beneath .13 support and looks to be wanting to attempt a reclaim (of .13 support).
If successful, clear skies above towards first quarter of the whole move (.22), which as I've explained, is the place where if we can start closing above, the true magic happens.
DOGE HISTORYLast cycle dogecoin didn’t begin its parabolic move up until it broke out from the parallel channel on weekly chart. After that we all know what happened.
We should still be Ok, hopefully with gains soon!Crypto has recently dropped especially DOGE as we could all see, I think we should still be ok as long as we stay above the 10-12 cents area. As I see it with this recent drop we just fell back and hit the same bottom trend line that has been in place since the previous bull cycle. I think as we near the end of the current triangle (or break out of it) along with the moving average crosses on the 1 week chart, that should give us a good indication of when the real bull run should occur. The sooner the better!
I tend to look at things from a macro point of view to see how things are when zoomed out.
Dogcoin - Buy IdeaDogcoin is hitting rock bottom and touching down on the last line of support - 0.1200. This is a classic location for an upside reversal. Next big resistance and profit target is at 0.1596
Following the complete wave cycle (3+5=8)Greetings,
Dear friends, I hope you are well and have had a week filled with successful and profitable transactions.
An explanation of the current analysis shared with you:
My analysis of the Dogecoin market follows a 5-wave uptrend and is currently following a 3-wave correction pattern and an 8-wave cycle to complete and continue the bull market.
Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far.
A brief explanation of the three fundamental laws of the wave principle:
1. The second wave should never go beyond the beginning of the first wave.
2. The third wave should never be the shortest wave between waves 1, 3, and 5.
3. The fourth wave must never enter the territory of the first wave.
Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that.
May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world.
I am attaching the analysis of this market that I shared with you earlier to this current analysis.
The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal.
I apologize for repeating the text.
I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me.
Thank you for taking the time to review my analysis, and thank you all.
To all my dear friends and colleagues, first of all, I wish you health and success in your goals.
Mehdi Abbasi with the nickname (Mr. Nobody)
DOGEUSD: Can Doge thread the needle?Doge price action is very technical at this moment. There are bots and algos at play taking out stops. I am expecting one more low before the pump starts. EW standpoint, wave 4 of C can take some time for consolidation before one last drop. But it needs to be a precision play and bulls needs to show up at the right time. $0.1072 cannot be touched and that is the bottom line.
Bullish rise?DOG/USD is currently at a support level which is a pullback support and could potentially rise from this level to our take profit.
Entry: 0.1198
Why we like it:
There is a pullback support level>
Stop loss: 0.1058
Why we like it:
There is a pullback support level.
Take profit: 0.1356
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Dogecoin has a strong bearish momentum, could it fall further?Price is currently on a resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 0.1364
Why we like it:
There is a pullback resistance level.
Stop loss: 0.1407
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
Take profit: 0.1288
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Doge divergence High time frame divergence, rally to .16. Below .12 will see further drop. Btc is making a similar pattern
Doge divergence Bullish divergence on the higher time frames, possibly forming a falling wedge. In a perfect world will see a drop back to .13 and than make our way back towards .16 range. Below .12 expect a further drop
DOGECOIN: WEN RALLY? (June 14, 2024)Dogecoin is showing signs of trouble near term, but this is nothing new as we are repeating a key pattern last seen throughout Q3 - Q4 of 2020! Let's break it down!
Could Dogecoin bounce from here?Price is falling towards a pullback support level and could potentially bounce from this level to our take profit.
Entry: 0.1364
Why we like it:
There is a pullback support level.
Stop loss: 0.1270
Why we like it:
There is a pullback support level that lines up with the 138.2% Fibonacci extension.
Take profit: 0.1483
Why we like it:
There is an overlap resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DOGE PredictionHistorically doge cycles become bigger and bigger every time. The most entertaining outcome is the most likely.
Bearish drop?DOG/USD has just reacted off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop to our take profit.
Entry: 0.1482
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 0.1565
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.1362
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DOGEUSD 1H Long Trade - 1:6 RRRPair: DOGEUSD
Action: Buy
RRR: 1:6
SL: 0.13470
TP: 0.19570
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
The sleeping GIANT Dogecoin is a fractal dream, with each top having increased by a factor of 7. The highlighted ovals are 300% runs to test the 0.5 retracement(log scale) before the big supply squeeze. Ichimoku suggests the time is soon. The fomo really heats up after the 0.618
Dogcoin - Profit Target HitWe're closing the case of our Bearish conviction on the Dogcoin due to Target reach
DOGE PREDICTION Every line lines up. Timing couldn't be any better. Were clearly in a bull market. Will the support lines hold this time, like in previous cycles? I strongly believe they will. Upside potential is huge IMO!
DOGEIn last cycle, w1 stoch rsi reset (after the initial run up to first quarter) marked the generational bottom.
It was the pullback to support before the giga markup.
Will this time be different?
I don't think so.
After already having rejected first quarter in March, once DOGE cleanly breaks above first quarter, finishing this last bit of accumulation, it will likely never, ever revisit .1.
This is a generational bottom being put in now.
It will be obvious in hindsight.
