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DOGEUSD trade ideas

Will DOGE Price Find Its Tail Under $0.050?DOGE experienced a consolidation range breakout in the 4-hour chart. After the breakout, the price is retesting the range, indicating a possible further decline. DOGE might fall to the $0.050 level. The daily chart shows a falling wedge pattern. DOGE has dropped by 60% since November 2022. There's a long consolidation range, with a fakeout at the $0.64 resistance. Bears currently dominate the market. The 4-hour chart shows clear consolidation with recent fakeouts. Technical Indicators: MACD: Bullish sprout at the support zone and declining bearish histograms. RSI: Dipped below the midpoint but begins a recovery. Potential outcomes: A recovery could lead the price to $0.064. A drop below $0.064 could send DOGE to $0.050.
BINANCE:DOGEUSD
by Coinpedia-Market-Insight
1
DOGE/USD: making sense of the long corrective price actionI have 2 different counts to make sense of DOGE price action. One assumes the correction is almost over and it is time for the next bull market; another one assumes a bit longer to go. The Orange WXY count is a zigzag and a flat connected by a flat. Currently the C leg of Y is playing out as an ending diagonal structure. In this count, we should see a break of the triangle structure and couple of more legs down to about .03 to complete the correction within the next six months. The black is a triangle which should be ending soon. Even if it drags on a while longer, we should not see the June low of $.05 break. In either case, the Primary wave 5 target would be around $5-$6, even it sounds crazy. That's another 100x from the June lows! The general markets including the crypto market are in a strange place. There is a lot of negative sentiment but we are not seeing a total collapse either. These are very interesting times, indeed!
BITTREX:DOGEUSDLong
by mukit1
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Dogecoin. Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs. However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:DOGEUSDLong
by basictradingtv
26
DOGEWe've tested the lows of what has been a yearlong range. Shorts trapped from selling range lows may puke on an inability to break down beneath .06, which can quickly cause a short squeeze. Also, I particularly like how we've swept, deviated beneath, and reclaimed as support the psychologically significant .06 level. I believe a return to around yearly open, which is around the area where most of this year's volume has been, and also happens to be the mid of this yearlong range, is well within reason.
KRAKEN:DOGEUSDLong
by jhonnybrah
Smells like ded DOGE... did you forget to feed him? CRYPTO:DOGEUSD Doge looks poised for more downside into 2024, inside the wedge before breaking upwards toward new ATH's. That is, unless Elon has plans to integrate DOGE payments, tips, etc. with X (formerly twitter). X has been filing for money exchange licenses in multiple states, so perhaps there's something BIG coming for crypto and X. Stay tuned. For now, watch the charts. NOTE: Not trading or investment advice. Entertainment ONLY!
CRYPTO:DOGEUSD
by tantamount
6
Will DOGE Price Crash To $0.050?Dogecoin has broken out of its consolidation range on the 4-hour chart. The DOGE price has retested the broken range, indicating a potential post-reversal downfall. The price has dropped by 60% since November 2022, indicating a strong bearish trend. The daily chart shows a falling wedge pattern and a head and shoulder pattern with a fakeout at the $0.64 resistance. Technical indicators: MACD shows a bearish crossover, and RSI is nearing the oversold boundary. On the 4-hour chart, there's a significant possibility of a downtrend with a retest of the broken consolidation range. Potential support at $0.053 before a bullish reversal.
BINANCE:DOGEUSDShort
by Coinpedia-Market-Insight
Will DOGE Price Crash To $0.050?DOGE price finds a significant support is found at the $0.060 level. Recent sideways movement has resulted in multiple Doji candles in the 1-week chart. Price action shows a long tail reversal in the falling wedge pattern. Despite a $0.064 rally, the DOGE price couldn't break the 200 EMA in the 4-H chart, leading to a double top reversal. Current trading is at $0.0639 with support from the 50 EMA in the 4-H chart. MACD and RSI indicators are positive, suggesting a potential breakout. A breakout above $0.064 could lead to a recovery to the $0.070 mark, a 9% increase. A fall to $0.060 might lead to a more severe downtrend towards $0.050.
BINANCE:DOGEUSD
by Coinpedia-Market-Insight