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DOGEUSDT trade ideas

#DOGE 1H. Sideways movement and potential entry point. 11/20/24Elon Musk continues to actively support and promote this cryptocurrency, mentioning it in various contexts (e.g., tweets, interviews, news, etc.), which can influence the coin's price. After a sharp price increase (a strong impulse), I expect its value to stabilize and remain at the same level for some time (sideways movement, as we see now). Personally, I will wait for the right moment to open a long position around $0.322, which is considered a key entry zone due to its high-volume level (many pending orders, strong buyer presence).
Long
by trendbooster
DOGEUSDTI'm considering either a long or short position (2 scenarios) following the sharp drop and rise in Bitcoin, which has impacted Dogecoin. The coin is currently in an accumulation phase, and as I mentioned in my previous idea, a short-term drop in Bitcoin is expected, which should be followed by Dogecoin to fill sell-side liquidity. During the manipulation phase, I anticipate a sharp revaluation of the asset to the price levels of 0.089-0.084. At that point, I plan to buy this coin and take profit around 0.11-0.107. If the buy-side liquidity is absorbed instead, I will consider a short-term short position from the 0.110-0.111 price range. My target in this case will be the sell-side liquidity, where I will close the trade and then buy the coin again from the zone of interest mentioned earlier. It's important to remember that my ideas are not calls to action but merely opinions and recommendations.
by TraderNo007_
1
Is Dogecoin's Breakout from the Falling Wedge Pattern Bullish ?Dogecoin (DOGE), the meme coin with a loyal following, has recently shown promising signs of a potential bullish breakout. Technical analysts have identified a classic falling wedge pattern forming on the DOGE/USDT chart, which, if broken, could signal a significant price surge. What is a Falling Wedge Pattern? A falling wedge is a bearish reversal pattern characterized by converging trendlines that slope downward. The pattern typically forms during a downtrend and indicates a potential reversal to the upside. As the price action narrows within the wedge, the likelihood of a breakout increases. Technical Analysis of Dogecoin Technical analysts have been closely monitoring Dogecoin's price action and have observed the formation of a falling wedge pattern. The pattern suggests that the selling pressure is weakening, and a bullish reversal may be imminent. • Key Support and Resistance Levels: o A break above the upper trendline of the falling wedge could trigger a significant upward move. o The 50-day and 200-day moving averages could provide additional support levels. • Relative Strength Index (RSI): o The RSI is a momentum indicator that can help identify overbought and oversold conditions. o A reading above 50 suggests bullish momentum, while a reading below 50 indicates bearish momentum. o A rising RSI within the falling wedge can signal a potential bullish divergence, further supporting the idea of a breakout. There is a bullish outlook on Dogecoin with a potential for a successful breakout from the falling wedge pattern could propel DOGE's price. Factors Driving Dogecoin's Potential Upward Movement Several factors could contribute to Dogecoin's potential price surge: • Strong Community Support: Dogecoin has a dedicated and passionate community that actively promotes the coin and supports its development. • Increased Adoption: As more merchants and businesses start accepting Dogecoin as a form of payment, it could lead to increased demand and higher prices. • Positive Sentiment: Positive news and social media buzz can significantly impact Dogecoin's price. • Technical Breakout: A successful breakout from the falling wedge pattern could attract more buyers and trigger a price rally. Conclusion While Dogecoin's future price movement is uncertain, the formation of a falling wedge pattern and the positive sentiment surrounding the coin suggest a potential bullish outlook. Investors should conduct their own research and consider consulting with a financial advisor before making any investment decisions. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and involve significant risk. It is important to do your own research and consult with a financial advisor before making any investment decisions.
Long
by bryandowningqln
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.
Long
by paul_endeo
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.
Long
by StevenWalgenbach
DOGE: A Bullish Rally or Another Trap? What You Need to KnowYello! Could we be on the verge of a major #DOGEUSDT rally? Or is another fake-out looming? Let's dive into the latest analysis of #Dogecoin! 💎#DOGE is currently displaying strong potential for a bullish continuation from a critical support zone at $0.096. We've been tracking #Dogecoin closely as it follows a falling wedge pattern, and it now appears ready to break above the descending resistance line. The next target? Internal resistance at $0.151 — a key level that could set the stage for a bigger move. 💎If #DOGEUSDT holds strong at this critical support, we might witness a significant rally, echoing previous market surges. A breakout above $0.151 could pave the way for an advance toward the next resistance zones, potentially driving the price even higher. 💎But here's the catch... It’s essential to stay cautious. If momentum weakens at this support, we could see a pullback to the lower support area around $0.080-$0.087. 💎Keep a close eye on CRYPTOCAP:DOGE ’s price action! A daily close below this demand area could invalidate the bullish scenario and trigger further declines. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Editors' picks
Long
by MyCryptoParadise_Simon
14
Dogecoin Just Barked ,Thanks to Elon & Trump’s crypto magicMusk & Trump: Dogecoin’s New Favorite Hoomans? In a landscape where cryptocurrency trends often intersect with political drama, both Bitcoin and Dogecoin have seen notable price movements leading up to the US presidential election. Bitcoin has rallied to within 5% of its all time high, while Dogecoin, defying the general altcoin downturn, surged almost 12%. This surge followed Elon Musk’s endorsement and the coin’s growing association with Donald Trump’s campaign. Dogecoin’s Rise and the Musk Trump Link Bitcoin’s upward trend is mainly driven by technical factors and larger economic conditions. On the other hand, Dogecoin’s momentum can be traced to its ties with Elon Musk and Donald Trump. After Musk’s appearance at a Trump rally in New York, Dogecoin’s price jumped by 16%, hitting $0.167 and marking the highest percentage gain among the top 100 cryptocurrencies for that day. Musk, known for his strong support of DOGE, proposed a “Department of Government Efficiency”—cleverly abbreviated as D.O.G.E . making the coin a playful symbol for Trump’s campaign goal of reducing government spending. Musk’s impact on Dogecoin is well-documented, particularly during the 2021 bull market when he frequently mentioned it on Twitter. Recently, he fueled further excitement by tweeting a meme of himself with a DOGE avatar, invigorating Dogecoin’s community. Paul Howard, a senior director at crypto trading firm Wincent, stated, “DOGE is now closely connected to the US presidential race due to Musk’s endorsement and his presence at Trump’s rallies.” Prediction Markets, Dogecoin & Trump’s Chances Dogecoin’s rise isn’t happening in isolation. The correlation between Trump’s campaign progress and Dogecoin’s price growth has been magnified by prediction markets favoring Trump’s chances in the election. On Polymarket, blockchain-based odds for Trump’s victory have risen from 61% to nearly 66% in the last week. This Dogecoin-Trump link, strengthened by Musk’s involvement, brings a speculative edge to both the meme coin and Trump’s campaign, both driven by their nontraditional popularity and social media narratives. As Trump’s odds improve, some believe Dogecoin could keep gaining attention if Musk’s D.O.G.E. proposal picks up support. Although the department idea is only theoretical, it has resonated with both Musk and Trump supporters, injecting a novel and ironic rallying point into the 2024 campaign. Market Reactions and Future Implications Dogecoin’s recent rally shows how influential prominent endorsements can be, even amid a sluggish altcoin market. Once considered a “joke currency,” DOGE now has serious investors betting on Musk’s ongoing support to maintain its relevance. While it remains well below its peak of $0.7 in 2021, Dogecoin’s current five-month high and unique position in the political limelight could attract more attention leading up to Election Day. For Bitcoin, the focus is on its tendency to rally after elections, as new market entrants often surge in during these periods. If BTC’s current “bullish setup” resembles late 2020’s conditions, as Sigel suggests, it may reflect crypto’s changing role during political transitions and heightened speculation. Overall, the intertwining of political narratives with cryptocurrency prices signals a noticeable market shift. While Bitcoin remains relatively stable, Dogecoin’s speculative value fluctuates with the influence of key figures. Whether gains are driven by Trump, Musk, or broader market forces is uncertain, but one thing is clear: in the unpredictable world of crypto, politics and social popularity have become key factors in shaping market dynamics.
Long
by moonypto
DOGEUSDT more gain expected Hello and greetings to all the crypto enthusiasts, ✌ The previous analysis I shared with you effectively and accurately hit our gain target, providing us with valuable insights. Now, I would like to present a new analysis regarding this stock. As you can see on the chart, I’ve marked the critical points using trendlines this time. These trendlines function similarly to support and resistance levels, helping us better understand potential price movements. 📚💡 In addition to the trendlines, I have identified the most important daily support level, which plays a crucial role in our analysis. It’s important to note that while we may see some short-term candles either ranging or moving downward, indicating possible fluctuations in the price, our main focus remains on the upward trajectory. 📚🎇 🧨🧨 Our team's main opinion is The new analysis indicates an upward target for the stock, supported by trendlines and a key support levels, despite potential short-term fluctuations. 🧨🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
by MadWhale
7
Key Retracement Levels for the Next DOGE Rally DOGE/USDT has shown strong bullish momentum, consistently forming higher highs. The price currently trades above the bullish EMA ribbon, which serves as dynamic support, further reinforcing the uptrend. Additionally, the True Strength Index (TSI) remains above the zero level, signaling sustained bullish strength. Potential Entry Points: A retracement to 0.162, aligning with the 75% Fibonacci retracement level, could offer a strategic entry point. Alternatively, the 0.148 demand zone, which coincides with a previous price bounce, is another significant area to consider for accumulation. These levels are particularly attractive as long as the TSI stays above the zero line, maintaining bullish momentum. 👨🏻‍💻💭 Do you see DOGE reaching for new highs, or will it dip to these key levels first? Share your thoughts and let's discuss! _________________________________________________________________ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
DOGE COIN SWING LONG IDEA - MEMECOINDOGE is the leading coin in the meme sector of crypto and occasionally receives direct support from Elon Musk. With Musk potentially in office alongside President Trump, this coin could see significant upward momentum. Technical Analysis: The price recently broke the bearish trendline that’s been in place since the end of October. During this breakout, we also established a strong daily demand zone. Today, there’s been a notable upside movement following news about Elon Musk's involvement with Trump. I anticipate a retracement to the daily and 4-hour demand zones, which are aligned with the Fibonacci optimal trade entry area. I’ll look for lower time frame confirmations to enter the trade. Target: $0.23 Stop Loss: $0.14
Long
by UA_CAPITAL
DOGE Swing Trade Opportunity after Trump and Elon Musk's VictoryWith the recent victory of Donald Trump in the 2024 U.S. presidential election, the crypto market has responded with a wave of optimism, particularly with Bitcoin (BTC) reaching new all-time highs. This bullish sentiment has trickled down to Dogecoin, which saw a significant price surge of approximately 15%. Now, with Musk’s push for the D.O.G.E. initiative—aiming to streamline government and reduce spending by trillions—the market is seeing a potential for CRYPTOCAP:DOGE to become more than just a meme coin; it could emerge as a symbol for Musk’s broader political and financial influence. This, more than any short-term rate decision from the Fed, could be the real driving force for Dogecoin in the coming months. FOMC & Market Pullback The Federal Reserve's interest rate decision scheduled for tomorrow could bring volatility to the crypto market. A rate hike could trigger a temporary pullback across major assets, including DOGE. However, these pullbacks may present ideal entry points for traders looking to capitalize on the overall bullish sentiment fueled by a pro-crypto administration. Key Levels to Watch for DOGE Primary Entry Level – 0.618 Fibonacci Retracement A significant level to watch for DOGE’s pullback is the 0.618 Fibonacci retracement level, which aligns closely with a 1-day Fair Value Gap (FVG) and the Point of Control (POC) from the volume profile. This confluence makes it a high-probability entry level where DOGE is likely to find support. This zone, marked around the $0.16 - $0.17 range, is ideal for both leverage and spot traders looking to go long. 1-Week Order Block Target Zone For swing traders, the upper target range sits within a 1-week order block between $0.27 - $0.28. This level represents a strong resistance area and an ideal zone to take profits gradually. Given the bullish sentiment in the broader market, reaching this zone could result from continued positive momentum, especially if Trump's administration continues to promote a crypto-friendly stance. Trade Setup Summary Entry Zone: $0.16 - $0.17 (0.618 Fib + 1D FVG + POC) TP Levels: TP1: $0.21 TP2: $0.24 TP3: $0.27 - $0.28 (1W OB) Stop Loss: Below $0.15, to protect against deeper pullbacks if the market turns bearish. Caution As the FOMC decision approaches, expect potential price fluctuations. Monitor the market closely, as rate hikes could impact liquidity and create short-term volatility. Being cautious with leverage and adjusting positions based on market conditions is essential. Have a safe and victorious trade everyone, Cheers!
Long
by MadeByAK
2
Dogecoin Price Surge: Could $4 Be On The Horizon?Dogecoin ( CRYPTOCAP:DOGE ) is back in the spotlight, as we predict a potential price surge fueled by a combination of market momentum and high-profile endorsements. With speculation swirling around Elon Musk's rumored "Department of Government Efficiency" (D.O.G.E) initiative, the meme coin may be primed for a remarkable run to $4—and possibly even higher. Here’s a deep dive into the factors driving this bullish outlook. Elon Musk’s Influence and Political Speculation Elon Musk has long been a central figure in Dogecoin's market movements, and recent developments have reignited bullish sentiment among investors. The buzz surrounding his possible role in Donald Trump's administration—should Trump return to the White House—has crypto enthusiasts speculating on what that could mean for DOGE. The concept of Musk heading the Department of Government Efficiency (D.O.G.E), focused on federal cost-cutting, is sparking conversations and triggering memes across the internet. Musk's active engagement with this narrative, coupled with his history of sending Dogecoin’s price upward with a single tweet, has injected new optimism into the market. Furthermore, former Congressman Ron Paul's rumored involvement adds a layer of anti-Federal Reserve sentiment, aligning with Musk’s past criticisms of the central bank. This has raised expectations of an aggressive push for financial decentralization. Donald Trump's potential victory and his ties to Musk could amplify Dogecoin’s mainstream adoption, as both figures have hinted at major government and financial reforms. With such political developments on the horizon, some analysts argue that DOGE could experience unprecedented rallies. Technical Analysis: On the technical front, Dogecoin has seen a significant price action over the past 24 hours. As of the latest data, CRYPTOCAP:DOGE spiked 17%, trading at $0.1991, with a 24-hour peak at $0.2133. The trading volume has also surged by 266%, reaching $11.77 billion, reflecting strong market activity and growing investor interest. The Relative Strength Index (RSI) currently sits at 70, indicating that CRYPTOCAP:DOGE is in overbought territory. While this suggests potential for a near-term retracement, the coin’s bullish momentum remains robust. Should the market cool off, analysts are eyeing a key support level at $0.17. A dip to this level could provide a healthier consolidation phase before another potential breakout. On the upside, a break past the $0.2133 resistance could pave the way for CRYPTOCAP:DOGE to target $0.50 and beyond. The combination of high trading volume, a rising Futures Open Interest (up 23%), and growing market confidence is reinforcing bullish forecasts. Market Experts Weigh In Ali Martinez, a well-known crypto market analyst, has projected that Dogecoin could soar to $4 in the coming days. Citing historical price patterns and Musk's renewed focus on crypto, Martinez emphasized the possibility of a further rally, with some even speculating a moonshot to $23. This echoes sentiments from veteran trader Peter Brandt, who stated, “In Musk We Trust,” as he also predicted a new all-time high (ATH) for DOGE. Brandt and Martinez are not alone in their optimism. The broader crypto market has seen a surge, with Bitcoin and altcoins rallying amid positive developments, adding fuel to Dogecoin's bullish momentum. With the meme coin market enjoying a revival, Dogecoin appears well-positioned to ride this wave. Community Strength and Market Sentiment Dogecoin’s loyal community continues to play a pivotal role in its market dynamics. The combination of Musk's influence and the anticipation of his initiatives has further galvanized support. The meme coin's fans remain optimistic, sharing rally cries across social media platforms, which has historically proven to be a potent catalyst for DOGE’s price movements. However, market participants are advised to approach with caution. While the hype is undeniable, DOGE’s price history suggests that sudden swings and retracements are not uncommon. Monitoring key support levels and watching for confirmation of bullish patterns will be crucial for traders. Conclusion Dogecoin is once again at the center of the crypto world, buoyed by a perfect storm of bullish technical indicators and speculative fundamental drivers. The prospect of Elon Musk’s D.O.G.E initiative and its political ramifications could propel DOGE to new heights. While short-term volatility is expected, the long-term outlook appears promising as market enthusiasm builds. With the potential for a major price rally and historical ATHs within reach, Dogecoin’s next moves could be transformative. Whether it’s Musk’s plans or the market’s evolving dynamics, DOGE remains a cryptocurrency to watch closely. As always, investors should stay informed and consider both the opportunities and risks in this ever-volatile market.
Long
by DEXWireNews
1