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DOGEUSDT trade ideas

We are in a trading range and the market is neutralIn this analysis, we first follow the previous scenarios from May 2 until today. We entered a channel after an upward trend with 170 ascending candles with strong momentum, and after its failure, we entered a trading range. I have tried to write all the explanations in the chart so that you can easily follow. After breaking the trading range with a trend-forming gap, we see the price falling with the target of the same trading range. Since we are about 370 candles in a bearish correction trend, it seems that the previous upward trend has been forgotten and we are waiting for the formation of a new trend. My entry targets are in the support I specified. And my exit targets are at minor and major resistances, and if I see a strong one-way trend, I will enter the direction of the trade. In the chart, I have specified a trend line for a one-minute time frame, which is specified in the event of a breakout of the minor resistance target.
by AmirAli4bdi
$DOGE Inverse Head and Shoulders Forming $0.14-$0.13CRYPTOCAP:DOGE Inverse Head and Shoulders Forming $0.14-$0.13 CRYPTOCAP:DOGE price is flowing lower to shape the right shoulder of an inverse head and shoulders prior to a continuation up. The inverse head and shoulders is a bullish reversal pattern. If $0.10 breaks then the larger head and shoulders bearish pattern will have the neckjline broken and the price will plummet to $0.10 and more. The regular head and shoulders pattern is bearish. Do your own research.
by goldlot70
Doge: primed for 5th wave up?Doge on the weekly has been following a beautiful parabola. Now on the way back up, 4 waves can be counted from an impulse starting in mid October 23 and the 5th appears to be locked and loaded. Should this prove to be the case, the next obvious stop is the 1.618 Fib at around 35 cents. Once there, an ABC correction and possibly further consolidation would make sense. As always, it's important to remember that BTC determines the alts and BTC is still a risk on trade. Eventually it may become a go to risk off haven like gold, but until that's the case, crypto should be traded with a close eye on Wall St. and BTC. BTC at elevated prices once again also calls for extra caution entering new positions, so stop losses become important. Not financial advice; trade at your own risk.
Long
by R0llins_
$DOGE COIN to $1?In the past weeks, the memecoin frenzy has fizzled out on the Solana Ecosystem and this is simply due to over saturation, The saturation eventually turned major tokens on the Solana Eco System to a Player Vs Player Trading, this is not healthy for any any market just as it is obvious that each narrative has finished playing itself. The eventual factor that limits participation of noobs on ETH memecoin is gas fee and this has surely been sorted by the advent of CRYPTOCAP:DOGE on all major centralized exchanges, this will surely catalyze new entrants and even old investors to pour funds in it, as much as we may be of the opinion that the memecoin Frenzy has been extinguished, it is very obvious that the $TESLA billionaire is not letting go of his love for CRYPTOCAP:DOGE anytime soon. CRYPTOCAP:DOGE high it's all time high in 2021 on the day that ELON musk appeared on the SNL and shilled it, Elon; in fairness to him and credit to himself has also never failed to remind everyone that he will cause payments to be made in CRYPTOCAP:DOGE for the $TESLA and some of his other products. Narrative wise, CRYPTOCAP:DOGE is a safer choice of investment due to the amount of liquidity that is locked in it, Unlike what we have on Salana Memecoins such as CRYPTOCAP:WIF and $MEW. I am of the opinion that as new memetokens begin to fizzle out, everyone will revert to mean and join the CRYPTOCAP:DOGE train as we ride it to $1 again. Technically Speaking, CRYPTOCAP:DOGE has broken out of a multiyear bear market cycle and will begin to move up from here.
Long
by theGideonAjose
DOGEUSDT.1DLooking at the daily chart for DOGE/USDT, I'll provide a detailed technical analysis, highlighting the important trends and indicators that may influence trading decisions. Key Resistance and Support Levels: Resistance 1 (R1): $0.17386 - This level has previously acted as both support and resistance, indicating its significance. Resistance 2 (R2): $0.21158 - A higher resistance point that would require a strong bullish push to breach. Support 1 (S1): $0.12157 - A critical support level where buying interest previously emerged, potentially halting a further decline. Technical Indicators: Relative Strength Index (RSI): The RSI is at 46.92, which is below the neutral 50 mark but not yet in the oversold territory. This suggests there's still some bearish sentiment, but we could be approaching a region where buyers might start to see value. Moving Average Convergence Divergence (MACD): The MACD line is below the signal line, and both are trending downward, suggesting ongoing bearish momentum. The histogram also shows a negative value, which supports the bearish outlook. Trend Analysis: The chart shows a clear downtrend, indicated by lower highs and lower lows. This trend suggests a bearish sentiment prevailing in the market. However, the price approaching S1 could be crucial as this level has historically provided support. Conclusion: The DOGE/USDT market appears to be in a bearish phase, as suggested by both the price action and the technical indicators. Traders might consider looking for potential short positions as the price approaches resistance levels R1 and R2, with stops just above these levels to protect against potential breakouts to the upside. Conversely, if the price reaches S1 and shows signs of stabilization or reversal (e.g., bullish candlestick patterns or RSI moving back above 50), it could present a buying opportunity. Given the current downward trend, any buys should be approached with caution, keeping an eye on the MACD for any signs of a bullish crossover which might suggest a change in momentum. In essence, the current market setup suggests a bearish trend with potential buying opportunities at major support levels, provided there are confirmatory signals from other technical indicators.
by MarsSignals
💎 DOGECOIN (DOGE) - Investment Opportunity (READ THE CAPTION)Upon reviewing the #Dogecoin chart on a weekly (logarithmic) timeframe, we can see that last week the price dropped to the demand level of $0.12 and then encountered buying pressure, managing to rise by more than 40% to $0.17. Currently, this cryptocurrency is trading around $0.148 and I expect further growth in the medium and long term. The upcoming price targets, in order, are $0.229, $0.35, $0.374, and $0.75. The expected long-term yield of this cryptocurrency is above 300%! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
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