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DOGEUSD trade ideas

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
DOGE: Low Demand at Trend SupportDogecoin didn't have much of a recovery after the latest sell-off. The automatic rally (AR) was unconvincing, on very low demand, and subsequent upthrust actions have resulted in failures to rally (FtR) with huge effort in volume not equaling any sizable result in the price action. This, plus the rising wedge-like structure of the candles and overall supply predominance all point to possible redistribution. These formations are typically the "B" correction in the ABC portion of the Elliot Wave after the final impulse wave (wave 5) tops out. Be sure to LIKE and SUBSCRIBE if charts like these are beneficial to you. Stop getting smashed and start winning in crypto. My charts will teach you how! If you like big wins and big money, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades. All my charts are clean and easy-to-follow with exceptional win rates ranging consistently between 80-85%. Check out my chart history and see for yourself. I've been a full-time cryptocurrency swing trader and investor since 2017. My technical analysis is based on a combination of Wyckoff, VSA, EWT & Fibonacci ratios. I never shill and only chart crypto assets I invest my own money in. My success over the years has allowed me to do this full-time. You are welcome to piggy-back my strategies at your own risk. **Not a financial advisor. Always DYOR and trade at your own risk.
COINBASE:DOGEUSDShort
by jalapablo
2
Triple Zigzag! Ready to Upside?Hello friends, I hope you are having a productive week. I would like to share my ideas on the Elliott Wave Principle with you. Please refer to the attached chart for more information. If you are interested, you can also check out my previous analysis. I want to mention that my understanding of this principle is based on my personal experience and I am still learning, but I hope to provide better analysis in the future. Thank you for your continued support and I look forward to our mutual success. Best regards, Mr. Nobody. Go up and never stop.
BINANCE:DOGEUSDLong
by mehdi47abbasi79
2
Will Dogecoin Ignite A Rally With $0.065 Breakout?Dogecoin hints at a double-bottom reversal; neckline pegged at $0.065. Short-term resistance trendline put to the test. DOGE eyes a target of $0.070 after potential reversal. Recent 25% dip in 23 days pushes Dogecoin to a critical $0.060 support. Last week's 20% plunge further challenges Dogecoin's resilience. A bullish comeback seems imminent as Dogecoin finds solid ground. Dogecoin's 1-week chart highlights a pronounced downtrend since Nov 2022. Signs of recovery: Price rebounds above the crucial $0.060 level. Overhead resistance trendline intertwined with 50-week EMA becomes the next hurdle. Post-crash, Dogecoin steadies at $0.060, hinting at a market turnaround. Double bottom on the 4H chart suggests imminent rally. Breakout at $0.065 could boost the meme coin sector. Immediate resistance expected at the 50-day EMA, before the $0.070 test. Downside risk: A move below $0.060 targets supports at $0.056 and $0.053.
BINANCE:DOGEUSDLong
by Coinpedia-Market-Insight
Bull Market wave 3&4!Otherwise 1.2-1.2Wishing you a fruitful week I would like to share with you two ideas that I have developed using the Elliott Wave Principle. For more explanation, refer to the attached chart. Friends, if you like, you can refer to my previous analysis. I must mention that my understanding of the Elliott Wave principle is based on my personal experience, and while I am still learning, I hope to provide better analysis in the future. Your continued support is greatly appreciated and I look forward to our mutual success. Sincerely (Mr. Nobody) Go up and Never Stop.
BINANCE:DOGEUSDLong
by mehdi47abbasi79
4