DOGEUSDT 1WDOGE ~ 1W
#DOGE If the price revisits this support Block. buy it, this is not a bad price to start accumulation.
DOGEUSDT.3L trade ideas
DOGE → Fall to $0.10! Are We Heading Back to $0.30? Let's AnswerSince my April 13th update, DOGE has fallen into a pullback, as expected. We found resistance at $0.225 and then pulled back in two strong legs. Should we be bearish or bullish on DOGE?
How do we trade this? 🤔
As expected, DOGE found resistance at the 2021 resistance area of below $0.29 after three strong pushes up followed by a head and shoulders reversal pattern on the Daily chart. That reversal pattern played out into a two-legged pullback, leaving us near the Weekly 200EMA support at around $0.10. I think we can expect to continue testing this support area for a while. I do not believe we will break and hold below $0.10.
I would not enter a long just yet. What we need now is two or three tests of the Weekly 200EMA support area around $0.10, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:3 Risk/Reward.
We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in DOGE.
A final point of data is the RSI low and below the moving average of around 43.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us.
💡 Trade Idea 💡
Long Entry: $0.10975
🟥 Stop Loss: $0.07210
✅ Take Profit #1: $0.14725
✅ Take Profit #2: $0.22275
⚖️ Risk/Reward Ratio: 1:3
🔑 Key Takeaways 🔑
1. Three legs up toward a resistance zone after a breakout
2. Head and Shoulders reversal pattern
3. Two-legged pullback to Weekly 200EMA Support
4. Wait for a double-bottom followed by a strong signal and confirmation candles
5. RSI at 43.00 and below the moving average. Supports waiting for a long entry.
💰 Trading Tip 💰
Ascending Wedges signal an increased probability of a bear breakout. Combined with three pushes up in a bull trend and strong sell bars (candles with large wicks on their tops), creates conditions where a counter-trend trade is reasonable.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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DOGE/USDT 1DintervalHello everyone, I invite you to review the chart of DOGE in pair with USDT on a one-day time frame. Let's start by defining the falling triangle in which the price is moving using the yellow lines. You can see here how the downtrend is starting to gather divergences.
Going further, we will mark support lines and as you can see, currently the price remains at a strong support level of $0.105, but if we start to fall further, the next support is at $0.086, then at $0.074 and then $0.061.
Looking the other way, we can similarly determine resistances, as you can see, we should encounter the first resistance at the level of $0.124, then around $0.144, then there is a strong resistance zone from $0.16 to $0.177, only after breaking above this zone the price will could continue to grow.
Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines.
DOGE LONG, Short TermPossible retest at this line, if successful it will go upwards this is also supported by RSI and Bollinger Bands.
Please beware that long term sentiment might be different, this set up is short term scalping
Dogecoin (DOGE): Keep An Eye On 200EMADogecoin is looking good for falling while being inside the triangle formation.
The price is staying below 200 EMA, which is a good indicator for us but not a final one. We wait for a break of structure here and a movement to lower zones!
Swallow Team
DOGE 4H sell setup - July 11 2024#Dogecoin is in a heavy resistance zone and "crossing below the blue trendline shall possibly trigger a heavy sell pressure"
TPs: 0.099 - 0.092 - 0.084
max lev: 3x
#DOGE/USDT breaks the Diagonal Trendline in 1-Hour TF!#DOGE/USDT breaks the Diagonal Trendline in 1-Hour TF!
CRYPTOCAP:DOGE is retesting the trendline. Expecting a bounce from here if CRYPTOCAP:BTC supports it. The local resistance level is PML $0.1129.
does Dogecoin DOGE price have a chance for x4 growth?Two months ago, we wrote about the possibility of #Dogecoin price falling to as low as $0.1
The #DOGEUSDT price has arrived here on steadily falling trade volumes and is testing a strong mirror zone from above.
Do you believe that this year the CRYPTOCAP:DOGE price will be able to gain a fix above $0.17-0.20 and head towards $0.41?
DOGEUSDT is approaching an important resistanceHey Traders, in today's trading session we are monitoring DOGEUSDT for a selling opportunity around 0.12000 zone, DOGEUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.12000 support and resistance area.
Trade safe, Joe.
Long trade
4Hr TF Overview
30min TF entry
Pair DOGEUSDT
Observed
Liquidity low taken - Price level high 0.105027
Buyside
Entry 0.107085
Profit level 0.110059 (2.78%)
Stop level 0.106216 (0.81%)
RR 3.42
Doge will drop before starting rallyThis is my trading program on Doge, and I expect the price of altcoins to fall even up to 50% in the coming days, and after that, the attractive growth of crypto.
The decline of Dogecoin is not yet complete.I personally don't trade Dogecoin, but for those who follow the "doge," it might be useful to know where the orders are on Coinbase. The approximate downside targets can be seen on the chart and in the order book screenshot from Coinbase.
#doge #dogecoin
DOGE/USDT Bullish Breakout PredictionDaily DOGE/USDT Analysis
In the daily chart of Dogecoin against Tether (DOGE/USDT), the price has been moving within a descending wedge pattern. Recently, the price made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 7.05% increase, there is a strong possibility of a breakout from this pattern upwards.
Technical Analysis:
Descending Wedge: Dogecoin has been consolidating in a descending wedge, which is typically a bullish reversal pattern.
Recent Bounce: The recent contact with the bottom of the wedge and subsequent bounce suggest a potential upward breakout.
Relative Strength Index (RSI): The RSI is at 37.69, indicating that Dogecoin is near oversold territory and may be due for a reversal.
Price Prediction:
Based on the analysis, it is predicted that Dogecoin will soon break out of the descending wedge upwards. After a potential short-term correction, the price is likely to move towards the target of $0.22888. This presents a good buying opportunity with significant potential upside.
Disclaimer:
I am not a financial advisor, and these predictions should not be taken as financial advice.
Dogecoin running a flats based on the Elliott wave!Dogecoin running a flats based on the Elliott wave!
We will now do a 90% increase based on the Fib. extension. This will become the W in the bigger picture.
If Doge will make a new high, this is probably the start.Doge has recently put in a big possible impulse leg, breaking the downtrend structure, and is at the 76% retracement fib of that rally.
If this has been a valid impulse leg to start a new uptrend, a new low should not be made now. This offers a really high RR op in doge where about 60% needs to be risked to stop, over 100% is gained to a rest of the high and over 500% can be gained in just a big bull trap.
Even without a new high, those are good odds.
Overnight Plans for DogeRead the fine print. For a trader like you I just made you millions. Thank me later. You're welcome :-)
✴️ Dogecoin 4X SHORT (137% Profits Potential)Dogecoin produced the classic head and shoulders pattern, a top formation.
It has been bearish lately, everything seems slow.
Trading volume continues to decline...
➖ First, the bias is revealed.
➖ ➖ Then we see a strong challenge of support.
After a period of suspense... Comes the drop!
Everything can easily change; nothing is certain.
👉 If DOGEUSDT moves above EMA50 (0.15400) the bearish bias weakens.
One can use any stop-loss based on risk tolerance preference.
Ok, the numbers...
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SHORT DOGEUSDT
Leverage: 4X
Buy-in: $0.16300 - $0.14200
Targets:
1) $0.13500
2) $0.12200
3) $0.11200
4) $0.10200
5) $0.09550
Stop-loss: Close daily above $0.17000
Potential profits: 137%
Capital allocation: 3%
____
Thanks a lot for your support.
Namaste.
Dogecoin (DOGE): Possible Sell OpportunityDogecoin is making another test to lower the zone of the sideways path here in a 4-hour timeframe.
As we have been bouncing from one side to another, we have also been making some fakeout zones for lower levels here, which we intend to repeat as well.
Swallow Team
DOGE Pro AnalysisHere you go , the best analysis ever. Aesthetic too .
One thing is certain , that area is for f*ing bidding , no matter if we go directly or a bit later.
I incline towards rising from here , touching our temporary level , as BTC has touched a D FVG level + liquidity has been swept across the board + everyone expecting lower right now making me think we won't
Trade the TREND with 4 Trend Indicators4 Trend Indicators you can use to identify the current MACRO Trend.
It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to an already risky trade (leverage).
1) Bollinger Bands
2) Logarithmic View
3) Super Trend
4) Moving Averages + RSI
Let me know how YOU determine the macro trend!
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BINANCE:DOGEUSDT MEXC:ETHUSDT KRAKEN:BTCUSD COINBASE:SOLUSD
Strong buying momentumDogecoin is currently positioned precisely on an ascending trend line. This trend line has historically acted as a support level, guiding the price upward. If Dogecoin manages to break above this line with strong buying momentum, there is a strong likelihood of a significant upward movement. Such a breakout would indicate a continuation of the bullish trend, potentially attracting more investors and leading to substantial gains.
