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DOGEUSD trade ideas

Dogecoin (DOGE) OverboughtI have been trading for a long time using the DCA strategy indicator that I have developed and I have recently published the indicator on my Tradingview page. According to this indicator, I have been buying DOGEs at support levels with more money than I would have thrown away so far. This support level is generally seen at $0.056. In addition, I dumped some of my DOGE at $0.2285, but then bought again at $0.107. I have already shared this analysis. I think that DOGE, which has broken through two resistances, will advance at least up to $0.75 (potential 89% return). But for this progress, I think that it must first find support at the $0.2285 level, which was broken again. This is because the indicator also gives an overbought signal. Therefore, I will tailor my portfolio accordingly. But I wouldn't be surprised if it continues relentlessly. As long as Elon Musk remains in government, I think this cryptocurrency will be on a continuous upward trend.
CRYPTO:DOGEUSDLong
by YavuzAkbay
Dogecoin Outpaces Bitcoin with 180% Post-Election Boom. When $1?In a much-wow fashion, Dogecoin DOGEUSD broke out of the pack with a 180% post-election rally. It did way better than Bitcoin BTCUSD . But what’s really behind the speculative gains and is there more room for growth? Like, say, can Dogecoin hit $1? It’s a possibility. Let’s dig into it. We’ve all heard about Bitcoin BTCUSD — the orange coin that shook up the fabric of global financial markets and rewired how we think about money and investments. But a small yet mighty cryptocurrency is befriending the small yet ambitious trader. Dogecoin DOGEUSD , the people’s digital asset and Elon Musk’s favorite coin, has posted some howling returns after Election Day vaulted Donald Trump to the top job in American politics. The Shiba Inu-themed coin has soared 180% since November 5, outperforming the big guy Bitcoin with its 30% rise for the same time span. How did that happen? It’s mostly Elon Musk and his lofty aspirations for Dogecoin. “Supporting Doge wherever possible,” the Tesla boss said back in 2022. Conveniently placed front and center for the meme-loving crowds, this iconic meme token is easy to scoop up in boatloads, empowering retail investors with a feeling of accomplishment. Dogecoin’s price was last seen floating near 40 cents, up from 15 cents before the election result. Bitcoin, on the other hand, is priced at just under $90,000 , powering higher in a record-setting run, and that makes it look much less affordable and less likely to appeal to retail traders. But looking at the plain price tag is misleading without factoring in the market cap, which shows you how much the token is worth. In Dogecoin’s case, the 40 cents translate to something big. It’s no joke. Even though the sole purpose of Dogecoin was to be a joke. Back in 2013, Dogecoin was created as a satirical homage to Bitcoin. But if that coin back then had a puppy-like valuation of a couple millions, today it’s a $60 billion unleashed beast that's ready to chew up and spit out your portfolio. It holds about 2% dominance of the overall crypto market cap and it's worth more than Ford F , which churns out annual revenue of $180 billion and boasts a 121-year history. Now digital-asset enthusiasts, especially the Dogecoiners around, are pinning their hopes on the iconic duo in the making — Donald Trump and Elon Musk. The two billionaires have apparently teamed up for the good of the crypto industry. Long story short — traders are betting on a crypto boom under President-elect Donald Trump. And Dogecoin might get pulled into the mix. Elon Musk has already openly stated he’d be happy to get involved with politics. But not just any politics. DOGE politics. And it’s official — Trump said late Tuesday he’s tapping Elon Musk to lead a new department aptly called Department of Government Efficiency, or DOGE. The Tesla CEO will be joined by Republican presidential candidate Strive Asset Management co-founder Vivek Ramaswamy. “I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”),” Trump said in the announcement , posted on his social media platform Truth Social. The duo is teaming up to “pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” the President-elect added. All actions of the Department of Government Efficiency will be posted online for maximum transparency,” Musk said on his X platform . “Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know! We will also have a leaderboard for the most insanely dumb spending of your tax dollars. This will be both extremely tragic and extremely entertaining 🤣🤣” Given Musk’s unfaltering devotion to Dogecoin, it’s not unrealistic to predict a function for his beloved token in the newly-whipped-up department. In this context, a $1 price tag, according to many crypto faithful, might actually come to fruition at some point in the foreseeable future, propelling the cryptocurrency to a $130 billion market cap. But with all that hype, it could be difficult to go beyond the chatter and think clearly. And on the flip side, it may look easy to buy a dog-themed coin and retrieve some of those gains you see on the screen. Be careful, though — chasing down that game could lead to Great Dane-gers. Do you own any Doge? Or are you looking to buy if you’ve missed out on the red-hot beast-mode rally? Share your thoughts below and let’s spin up the discussion!
COINBASE:DOGEUSD
by TradingView
20
Update doge on fire.1. Fibonacci Retracement Levels The chart uses Fibonacci retracement levels to track the correction after the price reached a high of around 0.43850. Key levels are: 61.8% (0.40110): This is a significant resistance level. If the price tests this level and fails to break through, it could indicate a potential further downward move. 50.0% (0.38955) and 38.2% (0.37800): Additional resistance levels, suggesting that if the price cannot surpass these levels, it may strengthen the bearish trend. Currently, the price appears to be testing the 61.8% level. If it fails to break above, there is a high likelihood that the price will continue to move down. 2. Wave A-B-C and Wave C Targets Wave A represents the initial downward movement from the peak (Point 1), followed by Wave B, which is a corrective uptrend that couldn’t reach the previous high. Wave C is expected to be a continuation of the downtrend, often marking a new low. Based on the Fibonacci extension, the key targets for Wave C are: Levels 0.618 and 1.0, approximately 0.34 to 0.36 – This could be the first support level to be tested if the price drops to this zone. If this level doesn’t hold, the price may test the 1.382 level (0.28), which is a significant psychological support and may attract buying interest. 3. Projected Price Path The dashed lines and projected path suggest a potential downtrend towards the 0.34 to 0.28 range based on the Fibonacci extension targets. Additionally, if there are signs of recovery in these support areas, it could be a positive signal for re-entering the market. However, if the price breaks below 0.28, it may indicate a stronger long-term downtrend. Summary: This analysis suggests that: If the price tests the 61.8% level (0.40110) and fails to break it, the price may likely move down towards the Fibonacci extension levels. The target for the correction might be around 0.34 to 0.28, which are key support levels for Wave C. Monitoring for a recovery signal at these support levels is recommended, as it could indicate a potential price reversal. Keep in mind that technical analysis is only a forecast based on historical data, and nothing is certain.
BITSTAMP:DOGEUSD
by Good_Phongram
DOGE - how high?i have absolutely no clue as to how high DOGE will go with this current rise but I don't believe we go as high as some other think/wish. My price target for the end of November is anywhere between $0.74 and $1.10. I think a lot of people are excited with Trump being elected but I also believe that euphoria/honey moon phase dwindles towards the end of the month and we see a substantial correction into next spring. again, purely speculative and is not trading advice. tjg
CRYPTO:DOGEUSD
by Griffin0318
1
Spring '21 Resistance Halts DOGE, Retracement Coming??Here I have COINBASE:DOGEUSD on the Weekly Chart! Last week COINBASE:DOGEUSD jumped .15 cents or roughly 102% following the final voting count electing Donald Trump the next President of the USA. Along his campaign, we saw a very heavy Pro-Crypto agenda along with the on-boarding of Elon Musk, known for his interest in COINBASE:DOGEUSD possibly being given a position running a "Department Of Government Efficiency". Price on COINBASE:DOGEUSD after breaking the Aug - Oct '21 Highs has halted right at the Apr - May '21 Resistance. Now with all the speculations coming out about the imminent RISE of price, where is a good place to start investing before the boom?!?! Based off the High @ .4398 to the Low @ .0805, just before the Break of Structure, We are given some Fibonacci Levels that align with Potential Buying Opportunities if Price needs Support to continue Higher to the All Time High @ .7605. *Aug / Oct '21 Highs .3550 - .3025 23.6% - 38.2% *Mar / Apr '24 Highs .2290 - .2067 *Golden Zone .2178 61.8%
BINANCE:DOGEUSDLong
by Novi_Fibonacci
1
A Doge on MarsElon is hilarious - and so is this ridiculous meme coin that has sustained multi billion marketcap forever it seems. With that said, Im honestly waiting for another SNL skit like event to mark the top for DOGE, and maybe the rest of the market. In the meantime, we are seeing a level to level breakout trend, and its beautiful. As of today we are getting an excellent pullback to a prior resistance, looking to flip it as support. Just keep trading these levels and this thing will make all your McDonalds meals taste that much better. 50c on the horizon, and that is going to be a big zone to watch what price action does around there. If we break above, I absolutely expect a retest of the pink POC level marking the highest traded price point on the last bullrun.
BINANCE:DOGEUSDLong
by VaulTradeous
2
DOGE to a DOLLARElon Musk's preferred cryptocurrency! Let’s not forget, he is the wealthiest person in the world. This coin is definitely a favourite of his. Reaching new highs is absolutely within the realm of possibility. I have a positive outlook on TSLA stock, with potential targets exceeding $900, which could bring Elon’s net worth close to a trillion dollars on paper. While the timing is uncertain, the potential for growth when investing in him is significant. I also believe that his top cryptocurrency could very well hit a dollar during this cycle. With the recent breakout candle, it seems we've witnessed the completion of a pattern and the breakout of a substantial cup and handle formation. I've included the targets for your reference.
BINANCE:DOGEUSDLong
by BallaJi
DOGE is finally parabolicI don’t have much experience charting the parabolic projections, but this is what I see. I mostly use these ideas as a personal trading diary anyways. But I definitely see DOGE eyeing its all time highs again. My personal belief is 1$ soon. It’s just so bullish, especially with the connection to Elon from the 2021 cycle and throughout. But now it’s connected to the name of his position in the government Department Of Government Efficiency. It is difficult not to see this being a top alt coin again. Also, it is literally the original meme coin. Very bullish vibes for DOGE here.
BINANCE:DOGEUSDLong
by SunnyRainPo
OMG DOGEUSD is up over 25% again. Clearly undervalued. I got in mostly around 0.16cents, I will disclose also, it's one of my biggest holdings. DOGEUSD is hammering upwards in price again today. Don't write it off due to its comical naming, because it's chart structure is very defined, very bullish and it's a very tidy, organised chart. What you see is what you get. The chart is all I really go by, they could be selling hotdogs and it wouldn't matter, this is going way past $1 VERY SOON. It's one the biggest star breakout performers since Bitcoin recently climbed and broke out beyond 75k.
EIGHTCAP:DOGEUSDLong
by Easy_Explosive_Trading
1
DOGE Set for Big Moves: Will We See $0.40 or a Deeper CorrectionAlright, trading family, here’s the deal: DOGE looks like it’s heading toward $0.32–$0.33. From there, we’ve got a few possible waves to ride: 1️⃣ If we break through, we could hit $0.34, $0.36, $0.37, and maybe even $0.40 on the weekly levels. 2️⃣ If we pull back, watch for support around $0.31–$0.30 before a bounce higher. 3️⃣ A bigger correction could dip us to $0.27–$0.28 before the next push. If $0.27 breaks, we could go deeper. Stay calm, watch the price action, and let the market show you the way. Always trade what you see. Mindbloome Trading/ Kris
COINBASE:DOGEUSDLong
by Mindbloome-Trading
DOGE - You Want It BIG Enough to Matter But NOT too Big It HurtsCouple weeks ago gave the buy for DOGE about the same time that Bitcoin was trying to break out. The breakout has happened but right into resistance, so what to do now? There were a couple long setups that formed prior to taking this trade via inside bullish pinbars on the weekly chart. I always start with the weekly because you can get a good idea of order flow from it. With Bitcoin and others looking bullish I went ahead and told our group I was buying some DOGE. Not a huge amount, but an amount that would matter if it was a winner winner chicken dinner. The key in position sizing is that you want a position that is large enough it makes a difference when it wins, but no so big you get crushed when it doesn't. Always measure your risk. So I threw $1500 at DOGE which was enough that if DOGE was a 4-5 bagger, I made a nice little meaningful profit, however if it went to 8 cents, $750 was not going to kill me. I bet as if I want to go out for a nice steak dinner at Bern's or Charlies, but not so big I can't buy McDonalds if I LOSE. I don't want to be for McDonalds to begin with. Even though DOGE is hitting resistance, I am more interested in buying more, not getting out. Sure you can trim out a little and take a profit here. Nobody lost money selling at a profit to early. BUT I believe this is just the start of a broader move so I am looking at adding to positions not get out. There are a few more coins I am looking at but we need to be patient. Anyways will post in my group if an when I take additional trades. SIZE MATTERS!
COINBASE:DOGEUSDLong
by goldbug1
12
Doggy Style- I mostly use some specific projects to try to predict the next " Altcoin Rally ". - I typically use Cardano or Doge because they are older and I can use indicators from earlier times. - Yes doge is meme, but all altcoins are also Memes until they have a real use case right ? - so you remember this BTC post i made in 2022 ? ( please check it ) - So this is almost exactly the same but with this graph i use : - Tenkansen ( Yellow line ) - SenkouSpan ( Green line ) - so now check the compressing descending trend. - check now both lines ( Yellow and Green ). - Notice when the yellow line cross down the green, we go bear. - Notice when the yellow cross up the green, we go bull. - So what we can deduct? - Altcoins are not yet Bullish. - But remember Altcoins will go parabolic at one point and you want to be there! - When? - anyone knows the exact date but you need to understand " The Delay ". - i will post in comments same chart but i will use BTC with same technic and you will get that BTC is already bullish. Happy Tr4Ding !
CRYPTO:DOGEUSDLong
by thecryer
20