DOGEUSDT trade ideas
DogeusdtI think doge will retrace here at resistance . 0.33 might be too much for the overbought rsi . Expecting a pullback to 0.25 area . Also long term this coin can easily hit 0.70 , so shorting is risky im al selling half the position here and let the rest ride if it does keep goin up if not ill buy the dip again
Unclear Trend For DogeHi there
The price is above the RSI 50, indicating that the trend is bullish. However, it is below the RSI moving average, giving a mixed signal. Consequently, the price is in a bearish range within a bullish trend.
It appears to be in a possible corrective ABC phase, but it is not clear how deep this may go, resulting in two open areas.
* So, the overall trend remains bullish, but the current mixed signals suggest caution. Monitoring will be required, - high-risk setup.
Happy Trading,
K.
DOGE hits three-year maximum. But will the bullish trend endure?Leading meme coin Dogecoin (DOGE) has experienced a remarkable price surge in the past few days. It currently trades at $0.28, recording an 88% price uptick in the past seven days.
This significant uptrend has propelled DOGE ahead of Ripple’s XRP in terms of market capitalization. With strengthening buying pressure, the meme coin is poised to extend its gains.
The Super Trend indicator tracks the overall direction and strength of an asset’s price trend. It shows a green line during uptrends and red during downtrends.
Sustained demand for the meme coin could soon push it past this crucial barrier. A successful breakthrough here would pave the way for a Dogecoin price jump to $0.39 — a high last seen in June 2021.
However, if profit-taking increases, Dogecoin could lose some of its recent gains and potentially drop to $0.19. Failure to establish support at this level may lead to a deeper decline, with DOGE falling toward $0.09.
Key Indicators Show Bullish Momentum for DOGE on the 1-Hour CharThe latest analysis of the BINANCE:DOGEUSDT 1-hour chart reveals promising bullish momentum, highlighting key support levels that traders should watch closely. Recent price movements indicate a potential breakout opportunity, with DOGE trading above the 9 EMA, suggesting that buyers are currently in control.
The MACD indicator supports this positive outlook, showing sustained buying pressure, although a slight cooling in the RSI suggests a possible consolidation phase. Immediate support is identified around $0.20463, which could serve as a strong foundation for bullish traders. Conversely, a drop below this level may lead to deeper support tests.
For traders, entering long positions above $0.20463 appears favorable, especially if technical indicators remain supportive. A target near recent highs around $0.296 could provide an excellent exit point for profit-taking.
Doge idea I think first major resistance would be the one at 0.33 area the monthly one. RSI by then could be very overbought . Anything past 0.33 0.34 the run would end up at 0.70 with a double top . The bull run would probably last all the way to new year that’s when trump gets in charge on January . Everything is so positive about crypto right now the sentiment is bullish and Elon must loves doge , any pullbacks should be bought . the plans he has for twitter becoming a financial service including crypto payments and all that .
Doge Doge is in a bullish structure, that remains the case until one of two things happen.
The first is we can keep rising and hit the targets eventually which would start at 20c.
The second is we can roll over and break structure by falling below the last real signigficant low - 0.089
Lets see what happens.
Doge coin favored by tech mogul turned politician.After the meteoric rise of the worlds first meme coin, does Elon musk still have grand plans for the doge token? I believe this upcoming election will bring many surprises and doge could benefit from the hype. Risk adverse traders should take heed for the volatility can be mind boggling.
DOGEUSDT Scenario to reach $1 / (Memecoin Basket)BINANCE:DOGEUSDT
COINBASE:DOGEUSD
Hello Traders
DOGECOIN is one of my suggestions for the altcoin market (Memecoin Basket).
Highly potential for the alt rally season.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
As the alt-season rally approach, the demand for meme coins will increase continuously.
DOGE: Inv. Head & Shoulder pattern broke to the upside!If you're looking to trade DOGE at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.175$ and take profits at the levels shown in the chart.
Targets:
1. 0.179$
2. 0.185$
3. 0.192$
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Cup and handle scenario for $DOGEThis appears to be a potential Cup and Handle (C&H) pattern forming.
My target for #BTC is at 81 on the daily chart. If it reaches this level, it could propel DOGE to 0.253 before a correction or pullback occurs.
Meanwhile, USDT might continue its downward trend to 4.5%.
I'm waiting for this scenario to unfold. If it does not, BTC could peak at 80K, and a correction in DOGE might be imminent, potentially driving its price downwards.
#TYOR #NFA