Symmetrical TriangleA symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.
DOGEUSDT trade ideas
DOGEUSDT 23 May 2024 ( Result : In profit ) As you can see , we analysed Doge coin technically and it was kindaa obvious that it's gonna up !
so , we are in profit and KEEP in mind that I only trade spot for crypto market !
DOGEUSDT.1DDOGE/USDT daily chart, several key technical indicators and levels emerge that provide insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Dogecoin (DOGE) has been in a consolidative phase with the current price around 0.16639 USD. The price is attempting to break above the immediate resistance level marked as R1, around 0.17386 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 0.21158 USD. The price is also supported by an upward sloping trend line, indicating a gradual increase in buying pressure.
Support Levels:
On the downside, the primary support level is identified as S1 at 0.12157 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. Below S1, the next significant support level is S2 at 0.07600 USD, which has been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 57.33, indicating a neutral to slightly bullish position. The RSI is in the middle range, suggesting that the market is not yet overbought or oversold, providing room for potential upward movement. The Moving Average Convergence Divergence (MACD) indicator shows a bullish trend, with the MACD line (blue) slightly above the signal line (orange)
and the histogram indicating positive momentum. This suggests that bullish momentum is currently building.
Volume Analysis:
The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests that there is a balanced participation from both buyers and sellers, contributing to the current consolidation phase.
Conclusion:
In conclusion, the DOGE/USDT pair is currently in a consolidative phase with a slight bullish bias. The RSI indicates a neutral position, while the MACD suggests building bullish momentum. Traders should closely monitor the support levels at 0.12157 USD and 0.07600 USD, as well as the resistance levels at 0.17386 USD and 0.21158 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines.
Overall, the market sentiment for DOGE remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
Long trade 22nd May 24
13,00pm
New York Session
15min TF Entry
Structure - Day
Entry 0.16787
Profit level 0.17340 (3.26%)
Stop level 0.16484 (1.80%)
Observed
RSI 55.41 & MA - 51.37
Divergence - Vol Analysis (Whykoff method) Trending inside the range.
Chasing Sellside liquidity
PEPEUSDTPEPEUSDT is showing Bearish divergence at completion of AB=CD place a sell stop at 0.15993 as it will breaking its Last HL
DOG ALTSEASON Incoming🙀 Doge, Shib, Babydoge, Dog - BIG PUMPSWHEN to BUY 4 DOG COINS in 5 minutes 🐱
The cryptomarket is currently waiting on direction from BTC. From my previous analysis, we've concluded that BTC is currently trading in Elliot Wave 3-4 - meaning we're still waiting for the final impulse wave up 4-5. And when this happens, you better be ready with your positions.
More on why the ATH for BTC is not in yet :
Other altcoins I'm watching for x10 increases this year:
_________________________________
GATEIO:DOGUSDT MEXC:BABYDOGEUSDT BINANCE:SHIBUSDT BINANCE:DOGEUSDT
Trading Signal For DOGEUSDT Trading Setup:
A Trading Signal is seen in the Dogecoin (H4) (Spot)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.15290
⭕️SL @ 0.13315
🔵TP1 @ 0.20999
🔵TP2 @ 0.25300
🔵TP3 @ 0.29600
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
DOGE will reach 22c by summer22c is one of the important levels. Earning 150% by this summer is possible considering the general market situation.
I am planning to buy and enter in March, until then I will wait and see if everything is true. This is probably completely true.
DOGE MONTHLY BREAKOUT? PLUS INV HEAD AND SHOULDERSObserved massive rally after the effects of the CPI report that surge BTC price past 6% and followed by other major coins. Now, I will tackle the possible BINANCE:DOGEUSDT breakout after the rally on the almost 2-month diagonal resistance trendline along with an inverse head and shoulders, a bullish pattern since the coin is on the downtrend that can be a sign of trend reversal for the coin.
Other details for the setup and the approach for DOGE will be discussed in the idea threads below. Stay tuned!
New update on DOGEUSDTThis chart is only for practice and not a financial advice. Please share your opinion about what do you think? Do you agree with upcoming targets? Do you have any idea about the tume frame for DOGE's ATH?
Doge 15-20% Short Opportunity This is a tripple top or “Big M” Pattern
Below the line is support, but always creates a fake break before dump so dont be fooled.
Short Doge @ 0.157 box
TP / Look to close @ 0.131-0133
It forms an ever bigger M and could go lowet
Good Luck
Doge Bounces at Key Retracement LevelMuch has been said about Doge. Setting aside opinions, we focus here on the chart analysis: and it is clearly bullish. We see in the weekly chart that the Doge price bounced precisely at the 61.8% retracement of the upward movement between October 2023 and March 2024. Additionally, the weekly candle of the first week of May formed a long lower wick. Therefore, we position ourselves long and choose the target area at 0.35 USD.
DOGEUSDT BUY TO 0.1800Doge have been moving in a falling wedge chart pattern am expecting a breakouts and price corrections above 0.15400 Am selling a setting a buystop order at 0.15413
JOIN AND ENJOY
Tell us what you think.........?
IS DOGE READY?Dogecoin is a coin that sometimes is unpredictable. When uncle Musk decide that the time is arrived, DOGE pump without any reason. I think the time will come again, and looking at the chart i think we will see a pump soon. I drawed a key resistance line that i expect that got broken in a few days. As soon as we will close above this trendline, i will wait a pullback before opening a long trade targeting the resistance area at 0.20
Lingrid | DOGEUSDT formed TRIANGLE pattern BINANCE:DOGEUSDT chart has been forming a triangle pattern, which indicates a price squeeze. Interestingly, the market is currently consolidating just below the upper border of the triangle, which is a bullish sign. Typically, before a breakout occurs, the price will form a range zone, suggesting that the market is preparing for a potential move. Additionally, the chart has been creating lower highs and higher lows, indicating that the price range is narrowing. If the price breaks through the downward trendline, we can expect a bullish rally to follow. Furthermore, if the price breaks through the range zone and closes above it, it's likely that the market will move higher. My target is resistance at 0.17500
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
DOGEUSDT in Symmetrical triangleDOGEUSDT is forming symmetrical triangle with no divergence. It will continue its bearish pattern. Trade has been set considering a bearish breakout.
DOGEUSDT.1DUpon examining the DOGE/USDT daily chart, several key technical indicators and levels emerge that provide insight into potential price movements.
Trend and Resistance Analysis:
The chart shows that Dogecoin (DOGE) has faced some consolidation recently, with the current price at approximately 0.14932 USD. The price is currently trading within a range, attempting to break out. There are two major resistance levels to watch: R1 at 0.17386 USD and R2 at 0.21158 USD. A successful break above R1 could lead to a further rally towards R2, indicating increased bullish momentum.
Support Levels:
On the downside, the primary support level is identified as S1 at 0.12157 USD. This level has shown strong buying interest previously and could act as a floor if the price continues to decline. Below S1, the next significant support level is S2 at 0.07735 USD, which has been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 48.55, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided and waiting for a clear direction. The Moving Average Convergence Divergence (MACD) indicator shows a bearish trend, with the MACD line (blue) below the signal line (orange)
, but the histogram indicates decreasing bearish momentum, which could signal a potential reversal if it continues to move towards the positive territory.
Volume Analysis:
The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests that there is no strong conviction from either bulls or bears, contributing to the current consolidation phase.
Conclusion:
In conclusion, the DOGE/USDT pair is currently in a consolidation phase, trading within a range and showing neutral indicators. The RSI indicates an undecided market, while the MACD suggests potential for a bullish reversal if bearish momentum continues to weaken. Traders should closely monitor the support levels at 0.12157 USD and 0.07735 USD, as well as the resistance levels at 0.17386 USD and 0.21158 USD. A break above the resistance levels would confirm a bullish trend, while a failure to hold the support levels could lead to further declines.
Overall, the market sentiment for DOGE remains cautious, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
$DOGE Daily Chart Inverse Head and ShouldersCRYPTOCAP:DOGE Daily Chart Inverse Head and Shoulders
On the daily chart an inverse head and shoulders is completing with a target above.
Do your own research.
$DOGE Breakout will be SpectacularCRYPTOCAP:DOGE Breakout will be Spectacular
Cup and handle is mega. Jolt to $0.22 then retest of $0.16 and blast off to $0.25+
Do your own resesarch. Never advice.
DOGEUSDT (1H) Short ThermThe information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and advice givers. It should not be interpreted as a recommendation to buy or sell any investment instrument or a promise of return. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.
DogeCoin - lagging altcoin H&S patternDoge is lagging behind bitcoin but seems to be forming a nice Head + Shoulders.
Looks like a good long opp.
