DOGEUSD trade ideas
DOGEThis is a first pass attempt at analogizing DOGE price action with Wyckoff accumulation schematic #1.
If you are not familiar with The Wyckoff Method, please take the time to familiarize yourself as, in order to keep this description as brief as possible, I am not going to explain what each text label denotes.
It appears we may currently be at the "back up to the creek" or "last point of support" structural element, which commonly precedes a more significant price mark up.
I believe the application of these concepts is more art than science, but you can't deny the similarities between DOGE price action and the schematic.
TL;DR more substantial price mark-up appears imminent.
DOGEBacktesting yearly open right now, which happens to also be mid of current range, and represents 1/32 retrace from cyclical peak to trough.
If you weren't bullish at range lows, we now have objective rationale to justify bullishness at current juncture; the reclaim of yearly open, reclaim of range mid and 1/32 peak trough retrace, etc
If you aren't already in position this appears to be an opportune time and place to get into position.
As always, no reward without risk.
DOGEHere's your free 6.33R trade brah.
The deviation of giga support (6 cents is giga support) looking increasingly obvious in hindsight as "spring" in Wyckoffian language/ context, which preludes markup phase as accumulation phase comes to an end.
8 cents imminent imo.
Will DOGE rise higher with this breakout?Current Status: DOGE is trading at $0.0705, sustaining above the 200-day EMA.
Resistance Level: The $0.083 mark is the next significant resistance level for DOGE.
Technical Indicators - RSI: The RSI has entered the overbought zone, signaling a strong uptrend.
Technical Indicators - EMA: Both the 50-day and 200-day EMAs are bullish, suggesting a possible golden crossover.
Recent Performance: DOGE has seen a 20% jump recently, breaking the overhead resistance trendline.
Retest: A bearish engulfing candle has led to a retest of the breakout, which could refuel the uptrend.
Potential Targets: If DOGE successfully retests, it could aim for the $0.083 mark, accounting for an 18% jump.
Downside Risk: A fall below $0.070 could lead to a drop to $0.066.
Long-Term Downtrend: DOGE has reversed a long-term downtrend that saw a 92% drop from its all-time high.
Meme Coin Leader: Being a leader among meme coins, DOGE could spearhead a new bull run in that category.
Market Sentiment: Overall sentiment is bullish, especially if DOGE sustains its current momentum.
QUICK 20% SCALPJust a simple idea to scalp 20% of my lunch money in a short amount of time. Since X, apes are expecting Mr. Musk to make an announcement. I'm not. Not financial advice.
DOGEUSD Potential rise to 0.1590 if the MA50 (1w) breaks.Dogecoin crossed today over the Falling Resistance that originated 1 year ago and hit the MA50 (1w).
The last structure that crossed over a Falling Resistance (October 24th 2022) delivered an incredible rally.
Trading Plan:
1. Buy if the candle closes over the MA50 (1w).
Targets:
1. 0.15900 (Resistance 1).
Tips:
1. The MACD (1w) completed a Bullish Cross this week and is what can fuel the rally in case the MA50 (1w) breaks.
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DOGE: One memecoin to rule them all.Here is my view on Dogecoin over the next couple years. Note, this idea is similar to the one for Cardano I put out, which is another altcoin who has survived AND grown over 2 cycles, unlike many.
The white line portrays the general path I expect DOGE to take to new highs, which will be kickstarted by bitcoin's halving estimated to be in April 2024. Price deviations above the yellow/medium or red/high risk bands could suggest profit taking prior to the halving. Additionally, in dogecoin's last crypto winter, it was optimal to purchase when the weekly RSI was below 40, which we have recently dipped below. I'd expect further downside from DOGE in the coming months, as most alts are continuing to bleed back to bitcoin in this phase of the cycle.
When considering the next peak, the time lapses from the prior highs provides a decent range of when we could expect it. My estimate for the next high could range from $2 up to $10 in an extreme scenario. It may largely depend how hard the Billionaire's like Elon and Mark Cuban pump it at that time.
I have been building a position with buy prices below $0.065 and have taken profits occasionally when any Elon shenanigans drive the price to unsustainable levels, > $0.09.
Dogecoin about to take all SMAs and EMAs on the D-tf overDogecoin seem to be at the end of a accumulation period. It's doing a triangle breakout and flipping all SMAs and EMAs on the daily timeframe to support.
Dogecoin popTemporary pop in dogecoin expected. I think we'll see a pop to at least 0.10 in the short term, if not 0.14 to 0.16. Followed up by a retract somewhere around 0.07 to 0.08 until lift-off which is expected post BTC halving estimated April 2024
Doge begging to run (one last time)The downtrend from $1 has been intact for ages. It looks like we (may) finally have a chance to break the trend for a short term upside relief. Lets see if Elon will let the Doges out.
DOGEThey're literally sneding Dogecoin to the moon, before end of year, independent of the DOGE-1 mission.
Trust me bro, elon liked teh tweet.
On a serious note, nothing about Dogecoin is serious, but you get my drift, there are inefficiencies to fill, left behind by the capitulatory price action from late April (4/20 SpaceX event) as well as mid/ late August, both of which are circled on chart.
I anticipate that once back above .07 (psychologically significant, yearly open, yearly poc, mid of current range, etc) these inefficiencies will be revisited in a flash, perhaps on or around the Dogecoin to moon mission.
Important to note, Dogecoin needs absolutely no reason to make this type of move, but it is fun to speculate on the rumor.
Also, please note that I truly belive price can double or even triple a la October 2022 in a week's time. The levels marked in this chart are just the most immediate relevant levels. By no means do I think Dogecoin's short term upside is limited to .09, for example.
Higher time frame and higher price target analysis coming soon.
DOGEIf this is start of an uptrend, you'd want to be a buyer of support here around September's high and previously October's high before this week's move.
Day before yesterday, September's high and the previous October high had been functioning as resistance.
Now that we've cleared both levels to the upside, up to but not through the Yearly Open, as anticipated in my post from earlier this week, here and now is a logical place to buy for the seemingly inevitable return to the psychologically significant .07 level, which also happens to be the Yearly Open and Yearly POC and current range's mid.
If we start closing above .07 then this opens the door for a test of range highs around .08.
See DOGE/BTC post for additional confluence (DOGE is at its range lows against BTC).
-jhonny
What if......if @elonmusk makes of @Twitter the @PayPal of crypto (!!!???)
We will check the levels on this chart. 50% lower parallel Median line as dynamic support zone (test) right now.
Update of:
DOGESeasonality matters.
I truly believe that this may have been the final deviation of our 6 cent giga support.
It's entirely possible that we see something much like end of October 2022 from the lows, in which DOGE nearly tripled in about a week's time.
You have to believe.
DOGE/USDTime to DCA Doge...
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Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Consolidation Breakdown: DOGE price falls below the $0.060 mark.Consolidation Breakdown: DOGE price falls below the $0.060 mark.
Morning Star: A potential morning star pattern could retest the $0.060 range.
Long-Term Bear Phase: DOGE has been in a bearish trend for most of 2023.
Current Price: DOGE is trading at $0.0588 with no significant intraday move.
Bearish Engulfing: A sharp 3.94% fall forms a bearish engulfing candle.
RSI Indicator: RSI crashes under the 14-day SMA, approaching the oversold boundary.
EMA Alignment: Both 50-day and 200-day EMAs maintain a bearish alignment.
Lower Highs: DOGE continues a trend of lower high formations.
Falling Wedge: DOGE price is trapped in a falling wedge pattern.
Psychological Support: Next crucial support is at $0.050.
Trend Reversal: A jump above $0.060 could lead to $0.065.
Delayed Bull Run: Ongoing bearish trend warns of a delayed bull run for DOGE.
Hamas-fighters-storm-israeli-towns. - Gold bull newsExpect a big move up for gold. Hamas-fighters-storm-israeli-towns. - Gold bull news
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The Ultimate Cheat Sheet for Doge Coin. So you need to invest $60,000 and if the price of Dogecoin increased to $0.89, your 1 million Doge would be $890,000.000 Dollars.
Doge traid number 1I'm thinking about removing the BOS structure after that, I'm waiting for a pump to 0.011
