DOGECOIN-USD bucking the sleepy Crypto trend Saturday
If you want to see a strong chart structure, open a chart of Dogecoin-USD, it kind of reinforces that it means business in its pricing going much higher, plus you start to understand why many Crypto-gurus and collectors have this one in their Top 10 right up there with the likes of Bitcoin and Solana.
I am a holder, but I noticed all of the other Crypto is in the red today, and this one is doing all the work and heavy lifting.
DOGEUSD trade ideas
DOGE:USD - Is it wave 1 or wave b?Is it the red count or blue count? That is the question. Previous analyses still hold. Still no trade zone inside the box range; but I will be seriously tempted if price comes back to blue count wave 2 area. I might dip my toe in with a stop loss below the box. Whatever the case, we might be going through the last bear leg before the big blowoff happens by Q1 next year.
DOGEUSD Pulling back for the SQUEEZE. How I do the squeeze!
Cryptocurrency DOGEUSD has been firing lately & Fomo stung me today as I keep seeing this thing go higher. Similar to SOLANA today DOGEUSD has really broken out of its 3 month range.
This is also stacked with the moving averages/ema's in their right spots and you will find that the 200EMA on Daily is below price where it needs to be for higher prices to follow.
Bullish Doge ChartI meant to post this around the end of September. I have been watching Doge for a while and just had not had the opportunity to really write about it. Doge has been in an area of consolidation from 2022-2024. in the first quarter of 2024 we see the pull back from 2022 high, and found support in an area of what was previous resistance all 2023. listed below are multiple reasons why I am long Doge.
REASONS:
-Daily appears to have cup and handle forming
-Tesla potential earnings and Elon Musk involvement
-presidential election
-potential bitcoin run
-back above 0.11 resistance level
-Doge reached back up to the 0.5 territory
Could we be in the beginning of the run to 0.20 going into the new year??
Will DOGE cross $0.20?Dogecoin price has jumped 24.57% in 8 consecutive bullish candles.
DOGE surged 62.64% from its recent low of $0.08049 on August 5th.
The price action completed a rounding-bottom reversal after surpassing $0.1282.
MACD shows a positive crossover with growing momentum and bullish histograms.
The 50-day EMA uptick increases the likelihood of a golden crossover soon.
Dogecoin social activity spiked to a 12-month high, with dominance increasing by 1.55%.
DOGE faces resistance at $0.14, resulting in a long-wicked intraday candle.
The uptrend has surpassed the 23.60% and 38.20% Fibonacci levels.
The next price targets are $0.14404 at the 50% Fibonacci level and $0.1591 at 67.80%.
DOGE may reach $0.1835 if the bullish trend continues with broader market recovery.
Key support levels stand at $0.1151 and $0.10 psychological mark.
Market sentiment remains bullish at 84%, despite a 10% decline.
DOGEUSD Hit its 1DMA200. Rejection or breakout? Pick your poisonDogecoin (DOGEUSD) hit yesterday its 1D MA200 (orange trend-line) for the first time since July 29. A little before that date on the last High (July 21), the Lower Highs trend-line started, which is currently exactly on the 1D MA200.
As a result today's pull-back is so far a double level rejection (1D MA200 and Lower Highs trend-line). As long as it stays intact, there are more probabilities to pull-back towards the 1D MA50 (blue trend-line) again, which held twice this month already (closed all candles above it). In that case, our Target is 0.11000.
If on the other hand the 1D MA200 breaks first, we will accept the loss on the short (tight SL anyway) and buy the break-out targeting 0.14380 (Resistance 1). The 1D MACD formed a Bullish Cross on Monday, which favors the bullish break-out.
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Dogecoin - This Leads To Two Digits!Dogecoin ( CRYPTO:DOGEUSD ) will hit two digits soon:
Click chart above to see the detailed analysis๐๐ป
It is the third time that Dogecoin is creating the same pattern. A couple of months ago Dogecoin broke out of a symmetrical triangle pattern and is now retesting previous horizontal structure. After we see bullish confirmation on the smaller timeframes, the next parabolic rally will start.
Levels to watch: $0,12
Keep your long term vision,
Philip (BasicTrading)
DOGEUSD The new Bullish Wave is taking off.Dogecoin just turned bullish today on its 1D technical outlook (RSI = 58.168, MACD = 0.002, ADX = 16.620) after its 1D RSI spent the first 2 weeks of October sideways, forming the bottom. This is a bottom similar with late Aug-Sep and during that time the 1D MA50 held six different 1D candles. The pattern is a Channel Up the past 10 weeks and today's candle has confirmed the start of the new Bullish Wave. We expect at least another +43.58% rise from the bottom (TP = 0.14450).
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DOGE: No play zone inside the boxAs long as Doge ranges between $0.14 and $0.08, it is a no trade for me. I got stopped out back in august and ever since, haven't found a good entry spot. Price action is choppy and corrective. Each pump or dump are being met with resistance. I need to see a break beyond the box and a complete sequence in direction to enter the market with some confidence. On the upside, want to see a move above $0.17, better yet, a move above $0.22 and then a retrace back into the box to gain support. On the downside, want to see either a support on the trendline or break the trendline in 5 waves. If we see a support on the trendline, Doge might be in for a longer correction in a very large triangle.
Long story short, want to see something other than this drag to consider getting back in Doge.