DOGEUSD.P trade ideas
Dogecoin: Potential for Favorable Return & Elon Musk's InfluenceDogecoin has gained significant attention in the cryptocurrency space, largely driven by its potential for substantial returns and the influence of Elon Musk. In this analysis, we will explore why Dogecoin could be more favorable compared to Bitcoin and Ethereum, presenting a trading strategy with a buy zone of 0.0774-0.0014. The analysis suggests a first target of 0.996 and a second target of 1.2273, reflecting the potential for significant price appreciation.
Analysis:
1. Potential Return: Dogecoin has gained popularity due to its perceived potential for higher returns compared to more established cryptocurrencies like Bitcoin and Ethereum. The lower entry price and speculative nature of Dogecoin attract investors looking for exponential growth.
2. Elon Musk's Influence: Elon Musk, the prominent entrepreneur and CEO of Tesla and SpaceX, has been vocal about his support for Dogecoin. His tweets and public statements have often led to significant price movements, as investors interpret his involvement as a positive factor for Dogecoin's future success.
3. Buy Zone: The suggested buy zone for Dogecoin is between 0.0774 and 0.0014. This range indicates levels at which traders could consider entering long positions, taking advantage of the potential for price appreciation driven by the perceived favorable returns and Elon Musk's influence.
4. First Target: Considering the potential for Dogecoin's growth, the analysis suggests a first target of 0.996. This level represents a significant upside potential and serves as an initial profit-taking area.
5. Second Target: The analysis further indicates a second target of 1.2273, reflecting the possibility of continued price appreciation. This target signifies the potential for Dogecoin to reach higher levels, driven by factors such as Elon Musk's involvement and ongoing market sentiment.
Dogecoin has garnered attention as a cryptocurrency offering potentially higher returns compared to Bitcoin and Ethereum. The influence of Elon Musk, coupled with the perceived growth potential, has attracted investors seeking significant price appreciation. The suggested buy zone of 0.0774-0.0014 provides an opportunity for traders to enter positions. The first target of 0.996 offers a potential profit-taking area, while the second target of 1.2273 reflects the possibility of further price appreciation.
Disclaimer: Dogecoin is a highly volatile and speculative cryptocurrency. While Elon Musk's influence has impacted Dogecoin in the past, future market dynamics may be subject to change. Traders and investors should conduct their research, evaluate market conditions, and exercise caution when making financial decisions.
Inverse head and shoulder pattern on dogeInverse head and shoulders pattern is there on the 1d and 4hr dogecoin, wait for break out at tredline resistance.1st target .10 target 2 is .013 and the 3rd target is at .165 due to the current trading within the falling wedge Pattern started at the break out back when Twitter acquisition took place
DOGE COIN TO THE MOON with the all year low and slowly rebuilding mommentum i do think DOGE will take back over the meme coin screw PEPE! ELON FTW!!!!!!!!!!
DOGEDoge back above yearly open support, having deviated into its deviation zone, and now reclaimed range low as support.
Much like its deviation and reclaim of range lows in early January 2023, I fully expect this reclaim of yearly open / range low support (having deviated below increases probability) to full sned towards 10 cents.
And probably much much higher considering how potentially promising these DRC-20s are...
Doge, is now or soon the right time to get cheap Coins?Look at the timeline history. This period of time should be the right one to accumulate cheap coins.
DOGEUSD: will the triangle get invalidated?So far the wave 4 triangle has been working out beautifully. All the touch on the trendlines are to the tick. The last bounce as well held the bottom trendline. Now is the real test for Doge. If it is really starting on Wave 5, then we should see a gradual upward movement. If price breaks below $0.049 then this will be a wave b triangle of a much larger ABC for wave 4; which can bring price down to $0.02. Price cannot break $0.018 to stay as a wave 4. Below that, the count gets something completely different. Let's just hope that $0.066 holds.
Dog(e) Picks Up a (S)CentA clue to what's to come this coming bull run rest below the broken structure in the form of an order block. Doge looks to 1 cent where there may be a tremendous opportunity to go long.
DOGE/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Dogecoin (DOGE) also moved lower in today’s session, as the meme coin neared a multi-month low of its own.
DOGE/USD fell to an intraday low of 0.06957 earlier on Friday, hours after trading at a peak of 0.07268.
today’s decline almost led to dogecoin recapturing a low of 0.0692, which was its weakest level since March.
DOGE has since bounced back from this earlier low after the bulls rejected a full breakout of a support point of 0.07000.
the price is now at 0.07127, which seems to have occurred as traders moved to buy the dip.
Should today’s low be the hard floor, there will likely be a stronger rebound in the coming days.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
DOGE coin price simulationI use 2 different processes for simulation ,all parameters are based on historical price and here is the result :
Ito process
path 1 ,mean price 0.0037190770796023892
path 2 ,mean price 0.003490382594690365
path 3 ,mean price 0.002704972176294766
path 4 ,mean price 0.02345388792503155
path 5 ,mean price 0.004811303137504377
path 6 ,mean price 0.002132020643426561
path 7 ,mean price 0.005536199141645733
path 8 ,mean price 0.005484515775973475
path 9 ,mean price 0.0045126201039538145
path 10 ,mean price 0.009990222855380705
mean price in 5 years: 0.006583520143350373
median price in 5 years: 0.000025
max price in 5 years: 0.32403116141737043
min price in 5 years : ~0
start Wiener process
path 1 ,mean price 1.0035930733177367
path 2 ,mean price 0.04760850097697172
path 3 ,mean price 0.01409447524061507
path 4 ,mean price 1.593870344397067
path 5 ,mean price 0.04805203551197889
path 6 ,mean price 0.6013213374510358
path 7 ,mean price 0.005552465988846188
path 8 ,mean price 0.21722940681105166
path 9 ,mean price 0.012094064668016722
path 10 ,mean price 0.10463224909868593
mean price in 5 years: 0.3648047953462005
median price in 5 years: 0.05335984156784901
max price in 5 years: 9.816976547135807
min price in 5 years: 1.1100787283161037e-05
doge still consolidating before next bull gave you doge short at 14 cents, went to 5 now back to 8, imo a good short here to add or to re-enter if you not in...
$doge log channelDoge is again in a medium term consolidation range.
bias down, buy the dip late in year or soon next one!
DOGUSD PRICE PREDICTION -SUPPORT AND RESISTANCE -SIDEWAYS MARKETDOGUSD is not currently following any trend showing the market is currently moving in sideways direction. Support and Resistance concept comes into play in such scenarios. As Support and Resistance are meant to be broken so I have placed Sell Stop and Buy Stop orders at the breakout of support and resistance levels respectively. Sometimes, market crosses first Support and Resistance level and then move back so I have used breakout of 2nd Support and Resistance levels as my possible entry points.
TRADE PLAN:
REWARD: 0.0012%
{
(TRADE 1 (Sell Stop) : 10000 : approx USD 10 (REWARD),
(TRADE 2 (Buy Stop) : 10000 : approx USD 10 REWARD)
}
OVERALL RISK: 0.0012%
{
(TRADE 1 : 10000 : approx USD 10 RISK),
(TRADE 2 : 10000 : approx USD 10 RISK)
}
Doge chart analysisyou have until the end of 2023 to buy Doge.
orange areas show future support and resistance. The blue areas show the reversal time of the trend. 6.5$ to 10$ is Doge price target until the mid of 2025
These trades reflect my trading and are not investment advice.
In my opinion you should only buy Doge until the end of 2023
DOGE FIB'IN ITS WAY TO $9-$13I posted a chart earlier in April where I identified the 40 month trend in DOGE, which I also included in this chart.
This time, I included the fib levels to show how they could have been or may be used to determine potential tops and bottoms.
My fib levels were determined at the very beginning in DOGE, with the high in Jan '14 to the low in May '15.
After the low in May '15, DOGE moved up to resistance at 1.618, then down to support area of 1.0.
After months of sideways movement at the 1.0 fib level, DOGE made its move to the 2.618 fib level (resistance), then declined to find support at 2.0 fib level.
Will these fib level stay true for a third time and hit resistance at 3.618, then find support at 3.0? Only time will tell if we continue with this trend.
what are your thoughts on DOGE's future price action?
this is not trading advice and have some patience.
tg
Doge Update 2023-5-3Important Break Points and probable breaks are shown clearly
note : It is a personal Idea and Not enough for trade
DOGE TO #3 Crypto In The WorldGet ready DOGE will soon be #3 in the world. What is about to happen will change the world of crypto forever. Grab a pen and write this down. Doge will be # 3 in the world this year. Stop and think about where this coin came from. Way way down the list and look where it is today. This is the people's coin. The currency of the future and soon #3 in the world. Grab some doge grab some popcorn and watch where this coin goes. People are going to call me crazy I know. This is not investment advice but a play on the odds of an underdoge ready to rise from the ashes and turn into a firey phoenix blazing across the sky.
doge chart finishing the pennant with the targets 13 USD and 23 If you look to the chart, you can see that doge formed a pennant, a continuation pattern with the targets 13 USD and 23 USD.
I am expecting the course action above the flags within may.
The targets may be reached in September this year or march next year due chart.
We will see..
Doge This is a funnel setup for Doge within a curve channel. Must maintain the green projection trajectory for a breakout failure to hold above it will initiate a STOP LOSS to think about for the potential correction drop shown in the red path projection. Watch the movement within the funnel the DASH white lines are your current chop range zone.
DOGEUSDI KEEP SEEING DOGE @ # 3.
Is anyone else seeing or believing this? Need a second or third confirmation.
$ĐOGE PT 69 Timeline: starts Oct 2023/Jan 2024- Spring 2026What Is Dogecoin?
Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
How Do You Mine Dogecoin?
Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.
Doge Decode #dogeA special Doge Decode on 4/2 Doge day as i see Doge coming down to 0.0420 and bouncing of the weekly trendline and to a high of. 4.20
