DOGEUSD trade ideas
DOGEUSDI KEEP SEEING DOGE @ # 3.
Is anyone else seeing or believing this? Need a second or third confirmation.
$ĐOGE PT 69 Timeline: starts Oct 2023/Jan 2024- Spring 2026What Is Dogecoin?
Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
How Do You Mine Dogecoin?
Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.
Doge Decode #dogeA special Doge Decode on 4/2 Doge day as i see Doge coming down to 0.0420 and bouncing of the weekly trendline and to a high of. 4.20
Dogecoin started a a joke, and ends as a very bad joke. Some jokes are funny, and some memes are funny. Some are not.
Loose monetary policy has left the economy awash with cheap credit, reminiscent of the roaring 1920s. Cheap cash has fueled wild speculation culminating in cry<ptocurrency and NFT bubbles and scams.
Dogecoin is for me the perfect example of irrational crowd behavior.
You might be thinking, wow Dogecoin is so cheap now, perhaps it is worth a trade.
Do not forget, it can still lose 100% of its value, even from here.
Anyone promoting this coin, or other secondary coins as an investment are conducting malpractice.
Stay away, some jokes get even worse with time.
DOGEDoge picking up momentum into Friday's open. If it has acceptance above .0888 then it should sned .10, with a brief pit stop at .093. Once above .1 it begins its ascent to its 2022 yearly open, which would be approximately a 2x move from this juncture.
Need I mention 4/20 is one week away?
DOGEUSD LONG TERM BULLISH TRENDall crypto currencies in 2023 going bullish trend
DOGEUSD ALSO GOING LONG
DOGEUSD [45m] Micro trend about to break main trendAs you seen on the graph micro trend about to break main trend (0.093 - 0.096 possible R1 band) in few days!
Be advisor of yourself !!!
analysis on DOGE with Neowave and GannityI used two ways of analysis. 1- Neowave 2- my own style named Gannity
Neowave: by using Cash Data , its pattern is a diametric and it will go up when wave G ends.
Gannity: this is my own style. you must first set the scale by matching colored line. then you will see the main angles and arcs which are the best areas for entry and SL/TP
Dogecoin: 5th elliot wave is in playFor the incoming big bullish move for all crypto that will keep on going for at least a week, and will be on steroids during the CPI report on wednesday, expect Dogecoin to follow the other cryptos. And the next bullish movement of Dogecoin, it should be the 5th wave. The target like you can see, will be much bigger than any other crypto. Great oppurtunity to put some cash now (DO NOT MORE THAN WHAT YOU CAN RISK TO LOSE, DOGECOIN IS TOO VOLATILE).
Follow me NOW, If you want to get ideas like this, I will be posting a video idea tomorrow explaining everything, and will get on a stream in case you have questions for me.
DOGEUSDWe should see a impulse heading higher for dogecoin.. imo . Let's not forget to thank Elon.
Prevailingnine 3.26.23
Back into Doge longs. Hit trailing stops in the 9 cent area but now we're back into the 76 retracement. Picking back up my doge long positions.
Update to :
A Dime a DOGE?Looking at DOGE daily chart with BOLL BANDS, 200MA & S/R defined. The chart shows from Nov '22 but the colored lines date back to as far as Feb '22.
So in technical analysis we don't consider what comes next for the DOGE icon on twitter. Nor do we wonder what the Musk wildcard might do. He could make it so you have to pay for blue in DOGE only, but from a TA perspective we can't think about that too much. That all being said let's look at the chart.
Doge has been trading between $.05 - $.10 since May of 2022. The spike in Nov '22 retraced back into that channel and proved to be legless. Notice the five punctures of the upper BOLL band that astute traders would have loaded their shorts into. On a daily chart, rapid successive punctures of a wide, expanding upper BOLL band are never good news.
Well, lo and behold we have rapid, successive punctures of a wide, expanding upper band on the past three daily candles. It's easy to think a retraction is coming over the next week. Now the good news is that the 200MA is finding strength within the middle of the bands, which should prove to be a strong support. This should come around $.083.
The anticipated bounce off the 200MA will setup for the next battle at a dime. Ten cents is a relatively new price point to consider, with most of Doge's trading history well below that level. Given the recent rejection on April 3, I don't expect it to be an easy target; but if the challenge comes on sustained green volume it could be overtaken.
I do think Doge will eventually pass a dime, with the next major resistance at $.158. This price point hammered down wicks in Feb, Apr, and Nov of last year. The first dance with the yellow line will be a great short opportunity.
Should things ever go terribly wrong, longing a bounce off the black line should be a great op. Enjoy, NFA.
