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DOGEUSD trade ideas

DOGEUSD: Bullish breakout imminent. Target 0.4000Dogecoin is trading under the 1D MA50 and just turned bullish on its 1D technical outlook (RSI = 58.834, MACD = 0.000, ADX = 43.260). This is the same accumulation process that took place in Jan-Feb and before that pre October 2023 that initiated the bullish phases of the Megaphone pattern. We expect the new one to have began by June, targeting the top of the Bullish Megaphone (TP = 0.4000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:DOGEUSDLong
by InvestingScope
1
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. 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.
VANTAGE:DOGUSDLong
by VantageMarkets
1
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.
COINBASE:DOGEUSDLong
by Navidad93
2
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.
CRYPTO:DOGEUSDLong
by mukit1
4
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.
COINBASE:DOGEUSD
by AxiomEx
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.
BINANCE:DOGEUSDLong
by Z4F4R
4
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.
BINANCE:DOGEUSDShort
by trading_jupiter
21