Almost done forming right shoulder. LONGH&S Pattern almost complete. A confirmed break above $0.162 should activate pattern. PT for my self $0.19 for my short-mid term trade. COINBASE:DOGEUSD
DOGEUSD.P trade ideas
Could Dogecoin bounce from here?Price is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.1446
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.1362
Why we like it:
There is a pullback support level.
Take profit: 0.1545
Why we like it:
There is an overlap resistance level.
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Doge at the brink of a HUGE bullish moveDoge (and BTC) to begin huge bullish movements with unbelievably high targets.
this is however just my idea! trade at your own risk!
Tell me if I am wrong. I could use some proof reading.I’ve only been seriously trading for about 18 months now even though I’m pretty familiar with the crypto space…
I’m not the best at spotting patterns so I would like to hear what you think.
Does anyone else see an inverse head and shoulders pattern on the daily chart for DOGE/USD?? COINBASE:DOGEUSD
I innately thought it was a Adam and Eve pattern but I was wrong and I fear I might be wrong again.. LMK what you think.
DOGE - Inverse H&S forming?Hello!
The light green up arrows market eh 3 peaks of a lovely inverse head and shoulders formation for Doge.
The next ride should check in at the previous major levels, before continuing on into uncharted territory.
We also see the RSI loaded up at overbought right now… so a correction of that is due.
Be warned, there is still bearish pressure, illustrated by some of the stray bearish traces on this chart.
DOGECOIN is getting ready Dogecoin is getting ready for a massive pump in the coming weeks, most likely at the end of March. I am ready and you?
BTW this is my first time ever publishing.
Trade at your own risk.
To the moon!
DOGEUSD: decision timeRight now, to make the long story short, watch $0.14 and $0.17. There is a chance of head and shoulders pattern building. Doge needs to hold the 14 cent support. At the same time, a break above 17 cents will increase the chance of wave 4 completion and wave 5 progression towards $0.30. From my last post I have readjusted the count to keep the minor degree impulse going rather than an intermediate degree wave 2 in progress. If 14 cents breaks and price heads lower, then I will need to switch back to my previous count. Market needs to decide what it wants to do.
Doge TodayHappy Sunday Funday!
I believe we will see a continued bullish movement after a sideways consolidation from this point, illustrated in turquoise projection.
The orange and yellow bearish scenarios are also strong influences, and would be the normal expected pull back behavior. however, we all know that doge likes to get real excited and go exponential when its time to run. Love that about him! Good Dog!
Dogecoin (DOGEUSD) Technical Analysis - May 2024Dogecoin has seen a significant rally in recent trading sessions, with the price pushing upwards by 9.55% on the latest trading day, reflecting heightened market optimism. The volume has also seen an uptick, indicating strong buyer interest.
Dogecoin's price has recently surged, breaking above several key resistance levels. The formation of a bullish engulfing candlestick pattern on the daily chart suggests a potential reversal from the recent downtrend. Furthermore, the price has breached the downward trendline, which has acted as resistance since March 2024. This breakout is a bullish signal, indicating potential further gains.
The short-term exponential moving averages (EMAs), including the 10-day (0.14629) and 20-day (0.15176) EMAs, are showing a buy signal, suggesting that the momentum in the price is building in the short term. Notably, the price is currently testing the 50-day EMA (0.15543), a breach of which could confirm a strong bullish trend in the medium term.
RSI (Relative Strength Index): The 14-day RSI is currently at 53.06, moving above the neutral 50 level, indicating that the momentum is turning positive.
Stochastic RSI: This indicator has recently entered the overbought territory, suggesting caution as the market could see a short-term pullback or consolidation.
MACD (Moving Average Convergence Divergence): The MACD line is slightly below zero but showing a buy as the MACD line is poised to cross above the signal line, indicating increasing bullish momentum.
4. Ichimoku Cloud:
The price is currently testing the lower boundary of the Ichimoku cloud. A decisive close above the cloud would be a strong buy signal, indicating a potential change in the overall trend from bearish to bullish.
Given the current setup, I forecast that Dogecoin could potentially reach the next significant resistance level at $0.18 in the coming weeks. If the momentum continues and the market sentiment remains positive, further gains towards $0.195 (R1 pivot point) and possibly $0.217 (R2 pivot point) are plausible by mid to late May 2024.
Entry Point: A solid entry would be upon a confirmed daily close above the 50-day EMA at approximately $0.155.
Stop Loss: Place a stop loss slightly below the recent swing low at $0.150 to limit downside risk.
Take Profit: Initial take profit at $0.18, with the possibility of letting part of the position run towards $0.195.
Entry Point: Should the price fail to sustain above the 50-day EMA and fall back below the trendline, entering a short position could be considered.
Stop Loss: Set the stop loss just above the high of the breakout candle at around $0.162.
Take Profit: Target the $0.13 level, which previously acted as both support and resistance.
The current market indicators for Dogecoin are leaning towards a bullish scenario, supported by both price action and technical indicators. Traders should watch for a stable close above the key EMAs and the Ichimoku cloud to confirm the bullish trend. Keep an eye on volume and oscillator indicators to gauge the strength of the movement and adjust strategies accordingly. Always manage risk effectively by using appropriate stop-loss measures.
Destiny future DOGE 1WIn technical practice, the always past of the charts makes it possible for us technologists to predict the future of the charts, with a very high percentage technically I consider a good climb for this cryptocurrency.
Dogecoin Eyes Support, Can Bulls Regroup?Dogecoin (DOGE) has been under pressure recently, but a technical indicator suggests it may have found short-term support. On a 4-hour timeframe , DOGE found potential support at $0.1423 . This could be a sign that buyers are stepping in and could indicate a potential bounce in the near future.
However, there's still resistance ahead for DOGE at $0.1532 . If bulls can't overcome this hurdle, the recent downward trend could continue. The key question for traders is whether the support at $0.1423 will hold on shorter timeframes. A break below this level could signal further weakness for DOGE.
DYOR before step in.
DOGE - New favorite path!Im so excited to run along that yellow chain fence up there…. And when it gets down closer to the green spring ground up there, Im gonna jump over it! Then the adventure really begins!
Go Doge Go!
crypto rotation, maximizing gains.if history repeats, we can easily double our money in a short amount of time
DOGE/USDT - Bearish Outlook at Key Resistance ZoneKey Resistance Area:
DOGE/USDT has encountered a significant resistance area, coinciding with the formation of an XABCD harmonic pattern. This area is crucial as it aligns with the 4-hour trendline, indicating a strong barrier to further upward movement.
Bearish Expectations:
Given the confluence of resistance factors, we anticipate a bearish move from this point onward. The combination of the key resistance level, harmonic pattern formation, and alignment with the trendline suggests increased selling pressure in the near term.
Trade Recommendation:
- Entry: Consider entering short positions near 0.2024, aiming to capitalize on the anticipated bearish momentum.
- Stop Loss: Place a stop loss order near 0.2310 to limit potential losses in case of unexpected bullish movements.
- Take Profit Targets:
- TP-1: 0.1752
- TP-2: 0.1470
- TP-3: 0.1164
Conclusion:
Based on the technical analysis, a bearish outlook is favored for DOGE/USDT. Traders are advised to exercise caution and adhere to risk management strategies when executing trades within this volatile market environment.
DOGECOIN TO CONSOLIDATE UNTIL AUGUST 2024?Expecting Dogecoin to consolidate in the $0.14 - $0.11 price range on the weekly chart...
until we get 2 things which will most likely take place in the next 16 weeks between today & August 19
1) Stochastic RSI crosses UP on the weekly
2) 50 / 200 Week MA confirms a GOLDEN CROSS
Soon as those 2 happen...
Moon
DOGE 4-5 SetupDOGE reached its peak in wave 3 in May 2021 and likely hit the bottom of wave 4 in June 2022. However, due to the ongoing corrective downtrend, a reset in wave 4 might occur. The overall expectation is for an upcoming upward movement in wave 5. It is recommended to gradually enter positions at support levels and exit at resistance areas.
DOGEIt's not about how many times you get stopped out (or liquidated), it's about how many times you LONG AGAIN
DOGE USDTDOGE USDT Is moving sideways. taking trade on either break of support 2 or break of resistance 2 in which one order will cancel other.
Doge TodayHello,
This is the daily look at the daily candle on the coin we all love!
Now... here is a great example of a potential bullish fractal propagation.... the 2 white down arrows are projections of each other.
The white broad trace shows what this sort of expanding fractal propagation can do. exponential growth.
I also see some signature moves, and wave counts, that would locate us at other points in the fractal vortex. the white up arrow is a favorite.
we have also been tacking the turquoise bearish trace nicely for a while now... doesn't mean it continues, but good to know it is a relevant projecting pattern or force.
Im here for the prophecy... the mass migration from BTC to DOGE as everyone realizes that it's not going up any more for the halving. Buy the rumor, sell the news.
So, that would make this first level argument a significant impulse move... which will be really cool to propagate.
all currency and capitalism is just a sick game any how... that game is collapsing due to inflation. our dollars are diluting by the trillions of aid money printed out of thin air. my grandfather lived in Brazil during hyper inflation. he bought ceramic tiles with every paycheck, because that money wouldn't cover groceries the next week. So... BTC is now coupled to teh corrupt matrix of us capitalism and military industrial complex with he black rock etf... so now its doomed too!
When Rome falls, only love survives the battle between fear and greed.
Let's go DOGE!
Is it Time to buy #Dogecoin ?👀 Is it Time to buy #Dogecoin ?👀
Mapped out potential key target areas and pointed both upside and downside price targets.
Boost!
👇
DOGE continued downslidepotential head and shoulders top on the daily. we'll keep an eye to see if this gets invalidated. if it is validated, the potential downside is $0.08 area
not trading advice
tg
