DOGEUSD.P trade ideas
Doge/USD: And it has begun!!!After a painful year and a half long bear market consolidation, Doge is one again ready to take a bite off this market. After breaking out of the triangle structure, It has made a complete 5 wave up, 3 waves down and on its way to another 5 waves up. There is still a chance that the current move up could be a higher degree wave c of a higher degree wave B to 13 or 14 cents. If the price plunges back below 7 cents, then that could confirm much higher degree wave C or a wave Y down to 1 cent or so. But at this moment it does not seem like it. Markets overall are looking like a real bull market beginning. Weekly RSI has poked its head above 70. This doesn't happen on bear markets. In Doge coin's history RSI poke out of 70 on a Intermediate degree wave 3, then comes back to test 70 and then pumps again to complete a wave 5 top to end a primary degree wave (except in the very beginning). If history rhymes again, then we should see 100x or more gains before 2024 ends. So, for now, watch 7 cents level and as long as it holds, hold on your bags and enjoy the rocket ride!
Happy early new year!!!
roadmap to $0.12 doge + possible breakoutLet Me First Say I called this original breakout for Doge at 8 cents
when everyone was saying short it. Over 60% of the market was short on doge at that point.
We have 3 solid confirmations on the bottom that confirms this path should take us to the top of the 2nd resistance line to attempt a breakout so follow this uptrend channel and wait for a possible breakout or short position. Keep in mind doge has be trading very similar to BTC so never look away from it to see if it knocks it off it's path.
Good luck!
DOGEUSD: Forecast 2023DOGEUSD: Forecast 2023
Medium term idea. The coin has been in accumulation for more than a year. As a rule, after such a long accumulation, an impulse growth follows. Most likely he will be somehow connected with Musk and Twitter.
After breaking through, we expect taking such targets on the chart: 0.1187 - 0.1396 - 0.1653 - 0.2027
We also offer the idea of a more local trade: You can trade in the green channel. When the price approaches the resistance zone, we fix the part, and re-enter on the rebound down. At the same time, we advise you not to touch the main part of the deposit, which lies in the doge, when the pump starts, the price will very likely fly up without any rebounds and retests.
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Doge - MACD Bullish Cross w/breakout on the Monthly?*Important - Once the majority bashes crypto and calls it a scam calling for lower targets (like how many did in 2018 and missed out), that is when I will be all in!
(*EDIT* in a few of my past post, beginners were bashing on crypto, and they end up missing out on huge opportunity!)
Whales/elites will not miss any opportunities to make money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;)
Majority got Rekt last year due to listening to the "Bullish" Narratives the media and Social Media Influencers were portraying last year! Stop listening to them and start paying attention to the technicals.
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short-term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know is on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying... instead buy the fear when everyone else is selling.
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
HAPPY ANNIVERSARY FOR DOGE 10 years !! December 9th was last time launch DOGEUSD.. and skyrocket very much crazy in few weeks after or few days after. Let me tell you why.
Look 1H, 4H, 30Min and lastly 1W.. fully formed a bullish pennant and also a bull flag; on 1W you’ll see a full breakout confirmed.
Lots of experts doesn’t know much about crypto cuz they don’t know how fully potential they are and think won’t hit 1$ even won’t break beyond above it. Wanna know my answer? Its HELL YES.. DOGEUSD will HIT 1$ and will go even higher than that. I’m fully bullish if I were you buy it now , hold it longterm.. if you didn’t then best to buy it now .. DONT BE LATE!
My profit take is 1$ but I highly bet DOGE will go even higher .. 5$ and 10$
The Secret Fibonacci pockets on DogecoinIt has been a while since i posted something here.
Thank you for still following me.
I had a macro look at dogecoin using my previously published secret about the 9-10.618 Fib and thought to share my findings with you.
First have a look and see the targets given by my custom fibonaci template which shows the area of 9-10.618
notice how precise it calls the macro tops
see how i place the tool
the blue arrows showing a equal date range of 174 weekly bars
what do you think? could this be the plan?
DOGE - Fresh Fits.Hello,
Here are todays projections. a few more bullish than bearish, but that purple one lurking is scary!!
Good luck!
wait for DOGEThere is a high probability that the price will return to the highlighted area, and the price may also break the previous ceiling... Be patient to buy Dodge.
I am personally waiting to buy in the highlighted area. Good luck
DOGETime to size up lads and lassies.
DOGE likely bottoming here around yesterday's open.
Next move is up to .115
~9R (manual stop but you get the gist).
One more pendulum swing before rocketWe have finished the second Elliot pattern (purple). We have also broke out from downtrend (orange line).
But the chart pattern suggests that there is one pendulum swing (short-term bearish indication) before we shoot a massive rocket.
Doge moon ideasMoon shot incoming?
Targets mapped out and bags are packed.
Retracement almost complete... Maybe it's about complete now?
DOGEHappy birthday DOGE!
Looks like from this juncture an ascending triangle with breakout target of .115 is in the works...
DOGE - run or correction?Hello,
Looks like a decisive morning for DOGE boy!
Showing likely harmonics for the bulls and bears in this position.
DOGE DOUBLE UP!!!Now I'm Mad I sold a bunch for a penny gain.
We are seeing the start of the rocket move to MARS I think!!!
NOT FINANCIAL ADVICE.
Search google or another source for the news tomorrow???
Something is happening!!!
DOGE is a safe place???Currently you can see Doge go up.
BIGTIME & BTC go down.
IS THIS TIME FOR THE DOGE MOON??? I THINK SO!!!
NOT FINANCIAL ADVICE IT CAN GO TO ZERO or mars!!
Repeat of 2017-2020 for $Doge?it took exactly 917 days back in 2020 for Doge to break out of its ascending triangle. fast forward to 2023 it did exactly the same thing again. it took exactly 917 days for it to break out from is triangle. next up is it going to be another 160 days of consolidations ( like in 2020) followed by to the upside? we shall see.
The DOGE price could drop 60% by the end of this year!Hello traders, today I would like to explain to you something that may cool your views on this year's increases ;)
Dogecoin grows 150% in 6 days, but be careful because it is now the most "bought" since April 2021
The DOGE price could drop 60% by the end of this year as it reached its highest overbought level since April 2021.
According to the classic technical indicator, Dogecoin's ongoing price rises are starting to look overburdened.
The Relative Strength Index (RSI), a momentum indicator that measures the degree of recent price movements to analyze overbought or oversold levels, rose to 93.69 on Dogecoin's daily chart. This is the highest level since April 2021, a month before the DOGE price hit a record high of $ 0.75.
Therefore, the "overbought" state does not necessarily mean an immediate bearish reversal. However, they reflect the current euphoric buying dynamics in the market, which sooner or later pushes the price to a sideways trend or a downward correction.
Dogecoin's 2018-2020 bear market on a weekly chart sheds light on similar price action. It's worth noting that the DOGE crashed almost 95% almost two years after it peaked at $ 0.0194 in January 2018.
During the token correction period, the trend was visible in the downstream channel. It broke out of the upward range in July 2020 but followed the bullish move with a sideways consolidation trend - between Fib 0.0022 and 0.236 Fib $ 0.0054 - through December 2020.
By comparison, the ongoing bear market on the Dogecoin token is shorter but follows a similar trend trajectory to the 2018-2020 period, as shown above. Therefore, DOGE may fluctuate in its current 0-0.236 Fib line range (or in the range of $ 0.055-0.176) after breaking the downward channel.
In other words, DOGE could correct the rate to $ 0.055 by the end of this year, which is about 60% down from current price levels, if the fractal works as intended.
Conversely, an immediate break above the 0.236 Fib line could lift DOGE to $ 0.25 as another uptrend.
Good luck
DOGEManual stop of course, but hypothetically speaking DOGE to .093 from this juncture seems relatively straightforward
Start Bullish Market ?? Wave ThreeHello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis will be helpful in your trading journey and wish you all the best.
Sincerely,
