Short trade
2min TF
Sellside trade idea
Pair DOGUSDT
NY Session PM
1st Dec 24
5.10 pm observation
1min TF entry
Entry 0.43001
Profit level 0.45171 (3.48%)
Stop level 0.42572 (1.09%)
RR 3,34
Reason: Sellside trade based on passed trades DOGUSDT undertaken during the LND to Tokyo and NY sessions Sat 31st Nov to 1st Dec 2024.
DOGEUSDT.P trade ideas
DOGE - Quick Update
An update to our previous idea. On the lowertimeframe (4H) Doge is trying to show signs of a breakout above our important resistance level. This top white line is important as it has acted as significant sell pressure many times (red arrows). If DOGE can continue to close candle bodies above this level the higher price targets outlined in our last post can be achieved.
DOGE - Massive BullflagDoge has also started to create a bullflag as price has squeezed in between our pattern for the last couple weeks.
Viaquant did correctly predict the previous breakout from $0.36-$0.48. That post can be found here:
Now that we have had more time to mature in this pattern, a much larger breakout should be expected if price breaks to the upside. Our bullflag extension target would lead us to a price of $0.735 which is very close to DOGE's 2021 ATH of $74. I would also like to point out the psychological $0.69420 level could come into play.
If the daily RSI can continue to maintain above the 70 level then there is a very high likelihood for this breakout. If the strength index drops back below, this trade idea no longer looks as good.
DOGE/USDT (1D Chart)
DOGE/USDT continues to display bullish market behavior, consolidating within a **rising wedge** formation as the price trends upward. The narrowing of the wedge indicates that the price is approaching a critical point for its next major move.
**Key Observations:**
1. **Price Action:**
- The price remains firmly above key moving averages (20, 50, and 200), signaling a continuation of the broader uptrend.
- The narrowing wedge reflects a buildup of tension, typical before a decisive breakout or breakdown.
2. **Volume and CMF Dynamics:**
- A **notable drop in volume** is visible as the price consolidates, which often signals a pending sharp move.
- The **Chaikin Money Flow (CMF)** indicates declining momentum, highlighting a reduction in buying strength and market participation at this stage.
3. **Momentum Indicators:**
- **OBV (On-Balance Volume):** Maintains an upward trend, indicating consistent accumulation despite the consolidation.
- **RSI:** At **70.95**, the slightly overbought reading suggests the possibility of temporary consolidation or a pullback before a potential continuation of the uptrend.
**Conclusion:**
DOGE/USDT is approaching a decisive moment as it consolidates within its rising wedge. The **drop in volume**, visible both on the chart and through the **CMF**, is a common precursor to significant price action. While momentum remains intact, traders should watch for increased activity that confirms the next move.
Technical Analysis for $DOGE/USDT Technical Analysis for $DOGE/USDT
The chart displays a Cup and Handle pattern, a classic bullish continuation signal, forming above the support zone around $0.35985 - $0.30688.
The breakout above the handle's resistance level signals strong upward momentum, targeting higher price levels.
Key Levels
The critical support lies at $0.35985 - $0.30688, providing a safety net and ideal re-entry for buyers.
Resistance Levels (Targets):
T1: $0.51483
T2: $0.64038
T3: $0.77148
Long trade
5min TF entry
15min TF overview
Buyside trade idea
Pair DOGEUSD
Tokyo Session PM
10.30 pm observation
15min TF entry best
Entry 0.42137
Profit level 0.43513 (3.27%)
Stop level 0.41922 (0.51%)
RR 6.4
Reason: Observation of price action and previous trades' buyer's trajectory towards the upside is indicative of a buyside trade.
Golden Pocket For Dogecoin?Dogecoin has gain traction and in doing so, reached an area in it's Fib levels called the Golden Pocket. With this in mind it is very possible that Dogecoin can retrace to .236 Fib Levels, but would solidify a stepping stone for it to continue forward. Future Black Swan Event? War? Who knows what'll cause it, but keep your eyes peeled! Gl;HF!
Dogecoin’s Bearish Pennant: Key Levels to Watch for!Overview:
Dogecoin (DOGE/USDT) is forming a bearish pennant, a continuation pattern often signaling further downside after a strong prior move. The price is currently trading at $0.4275, consolidating below a key resistance zone. This setup suggests potential bearish momentum if the pattern resolves to the downside.
Key Observations:
1. Bearish Pennant Formation:
• DOGE has consolidated into a tight range after a sharp prior decline, forming a classic pennant structure.
• The upper boundary of the pennant lies near $0.4400, which is the critical resistance level.
2. Critical Resistance – $0.4400:
• A 4-hour close above $0.4400 will invalidate the bearish pennant and may trigger bullish momentum.
• Buyers are likely to gain confidence if the price breaks and holds above this level.
3. Downside Targets:
• If the pennant resolves downward, the measured move projects a potential drop towards the yellow line near $0.3800, aligning with the next significant support zone.
• Additional support levels are identified at $0.4000 and $0.3850 before reaching the yellow zone.
4. Volume Profile Analysis:
• Decreasing volume within the pennant indicates reduced participation, a characteristic of the consolidation phase. A breakout (up or down) is likely to be accompanied by a surge in volume.
Scenarios:
Bearish Resolution (Most Likely):
• Action: The price fails to break above $0.4400, leading to a breakdown below the pennant’s lower boundary.
• Confirmation: A 4-hour close below $0.4150 confirms the bearish breakdown.
• Targets:
• First Target: $0.4000
• Second Target: $0.3850
• Final Target: $0.3800 (yellow line and key Fibonacci level).
• Stop Loss: Above $0.4400 (invalidation level).
Bullish Invalidity:
• Action: The price closes a 4-hour candle above $0.4400, invalidating the pennant structure.
• Next Levels:
• Immediate target: $0.4600
• Extended target: $0.5000 (overhead resistance zone).
Dogecoin is at a critical juncture, forming a bearish pennant that suggests a potential move lower. Key levels to monitor are $0.4400 (resistance) and $0.4150 (support). A breakdown below the pennant’s support would target $0.3800, while a breakout above $0.4400 invalidates the bearish outlook and opens doors for bullish momentum. Watch for volume to confirm the breakout direction.
Long trade
2min TF Entry/Overview
Buyside trade idea
Pair DOGEUSD
Tokyo Session PM
7.46 pm observation
Entry 0.42161
Profit level 0.43341 (2.80%)
Stop level 0.42088 (0.17%)
RR 16.16
Reason: Recent sellside trade reached a pivotal price level and demand zone indicative of buyside momentum. Moreover, it is also similar to Phase D, trending inside the range according to the Whykoff narrative. Buyside trade idea.
DOGE king of memcoins!Hello everyone, I invite you to review the DOGE chart, as we can see, the price has bounced perfectly from the strong resistance at the level of $0.48, which is at the so-called Fibonachi golden point (0.618), only when it breaks out of it the upward trend will move towards the level of $0.59 , only when it is overcome will the path towards the last peak at the level of $0.73 open.
Looking the other way, you can see support at $0.38, which kept the price on the correction. However, if this support is broken, we could see a drop to the strong support zone from $0.26 to $0.21.
It is worth looking at the RSI indicator, which shows how high we are, which could indicate an upcoming recovery, but we are in a bull market and the inflow of capital may trigger an upward movement again.
Dogecoin Likely Targeting $0.80 After Strong Breakout📊 Dogecoin has broken out strongly and is approaching the $0.50 resistance.
✅ Holding above this level increases the likelihood of a move toward $0.80 , which is currently the most probable scenario .
🔴 If rejected, it may retrace to the $0.32 support before resuming its upward trend.
Any further updates will be shared after the price action develops.
DOGE/USDT Long Setup: Breakout and Trend ContinuationThis trade setup for DOGE/USDT highlights a bullish continuation opportunity. The price is consolidating above the key support level, with Ichimoku indicators signaling an ongoing uptrend. A breakout above the recent high supports the bullish bias, targeting the resistance zone near $0.6990. The stop-loss is set below $0.3560, ensuring risk is managed effectively. This setup aligns with the overall market structure, indicating strong momentum and trend continuation potential.
DOGEUSDT ready to hit 0.75$ We are looking for more pump here in long-term perspective and we are looking for the targets and red resistance zones mentioned on the chart.
also we may have retest if Fibonacci support levels first and short-term fall now.
DISCLAIMER: ((trade based on your own decision))
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