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DOGEUSD trade ideas

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
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!
CRYPTO:DOGEUSDLong
by DHLawrence
3
Dogecoin (DOGUSD) video ideaEASYMARKETS:DOGUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:DOGUSD
by easyMarkets
1
DOGEUSD | ABC Wave Cup Pattern - Target Projection +120%A potential ABC - Cup pattern formation scenario TFW - current multiple falsebreak below 161.8% extension - a sideway / sideway down movement implication > RSI convergence signal supporting wave 3 status > Projecting wave 4 at rounding cup support level, possible 20 week moving average and 100% fibonacci support zone. > Targeting wave 5 at 361.8% fibonacci extension of A wave at the key liquidity resistance level + 120% profit. Always trade with affordable risk and respect your stoploss Goodluck
COINBASE:DOGEUSDLong
by dukeposh
1
DOGE - Higher lows, and off we go!Hello! Consistent higher lows over the past 4 days.. that feels bullish! Looking for a retest of resistance around $.20…. And then the fun starts! Let’s go DOGE! Oh… dont mind BTC going over the edge of a cliff on the bottom right…. That should result in a massive move over to the coin of LOVE (doge) as everyone realizes the “buy the rumor, sell the news” applies to BTC halving, and the Blackrock ETF news… So im ready for a massive correction in BTC, an the prophecy says that will yield a tidal wave of crypto traders moving to DOGE.
GEMINI:DOGEUSDLong
by DHLawrence
7
DOGE wedge update - 2nd breakout of this bull cycle Looking at a downtrend reversal break out of our nested falling wedge pattern. Added strength coming from our higher time framed wedge completing a 3 wave correction of our 03/20-03/29 rally. 10,20 over 50 EMA should push up past our first neckline resistance @.1582 sitting at our .382 retrace. Reaching up at our 200 EMA, in a successful price crossover we're looking at .1744 sitting at our our 2nd neckline resistance at our .618 retrace. Sideways pressure marked around .1663 . Volume spikes will be significant here.
BINANCE:DOGEUSDLong
by substantialFer28213
1
(DOGE/USD) Precarious Equilibrium Awaiting Resolution.Traders seeking to chart the course of Dogecoin through its intricate price structure must be keenly aware of the delicate balance depicted on the daily charts. The marriage of Japanese candlestick analysis with the more subtle nuances of technical chart patterns paints a detailed canvas for speculation. Candlestick Analysis: The latest candlesticks reveal a phase of consolidation, with wicks on either end signifying a tug-of-war between buyers and sellers. The presence of small real bodies in recent sessions indicates a lack of conviction in the market, suggesting an equilibrium of sorts where neither bulls nor bears hold a decisive edge. This stalemate hints at the market's search for a catalyst to drive the next significant price movement. Channel Patterns: Dogecoin's price is ensconced within a descending channel, marked by two parallel lines connecting the highs and lows of the price action. This pattern traditionally conveys bearish sentiment; however, the price's current position near the channel's lower boundary could imply a potential support level. Traders will be closely monitoring for a bounce off this level as a sign of resilience or a break below as a confirmation of continued bearish trends. Ichimoku Cloud Interplay: The Ichimoku Cloud continues to cast a shadow of ambiguity. Price interactions within the cloud are generally indicative of a lack of trend strength and often signal consolidation. The recent price movement entering the cloud could be perceived as a potential change in momentum, but conviction is lacking until a clear directional breakout occurs. EMA Cluster: The congregation of the 20, 50, and 100-day EMAs adds another layer of complexity. Their proximity creates a zone of confluence that has become a critical pivot point for Dogecoin. The convergence of these EMAs will act as a litmus test for the strength of the prevailing trend, whether it be continuation or reversal. Technical Indicators Sentiment: The neutrality of the RSI and the tightening of the Stochastic Oscillator's lines suggest impending volatility. The MACD's hint at bearish pressure abating offers a counter-narrative to the channel pattern's bearish implications. Volume Considerations: Volume trends have yet to decisively back either side of the market, indicating that traders are waiting on the sidelines for confirmatory signals. Speculative Price Outlook: For bullish momentum to gain credibility, a decisive closing above the channel's upper boundary and the cloud would be essential, potentially targeting the $0.1762 level marked by the 50% Fibonacci retracement. Should bearish forces prevail, and Dogecoin breaks the channel support, a descent towards the $0.10981 or even lower to $0.0922 may be in the offing. Conclusion: In the grand chessboard of Dogecoin's market dynamics, it is the interplay of candlesticks, channel boundaries, and a congregation of moving averages that will dictate the forthcoming market narrative. As technical traders parse through this complex tableau, it remains paramount to align these technical signals with broader market sentiment and emerging news within the crypto space to forge a forward-looking strategy.
CRYPTO:DOGEUSD
by AxiomEx
2