DOGEUSDT_023B62 trade ideas
Doge update 20/11I am not seeing the strength I would have liked to see so what I am going to do is sit and watch price unfold. The levels I would like to remain intact is on the screenshot.
If a break below that low, I would assume short term shorts.
Quick edit, back above the highs which ran the highs will resume my bullishness.
Watch and shoot.
#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).
Doge chartDoge small time frame chart.
Testing the water in small steps to see if this drops more or wants to go up.
Each level can reject to a lower one or offer support.
For bullish scenario you want T1 to become support and pump over T2 and that to become support also.
If price falls bellow danger area the setup is invalidated
DOGEUSDT Long IdeaWhile much has been made of Trump's appointment of Elon Musk to co-Lead Department of Government Efficiency, Speculators have been calling it a fundamental news for DOGE to hit the psychological $1.
Well, I reckon a 4hr 50ema retest could provide the fuel. It would be the base of a daily liquidity pool that seem to have invalid auction pending there. A 1D trend retest on the daily would be confirmation, as trend has not been retest, since the $0.15 area. A 2% risk for invalidation, and a target of 4hr liquidity pool with wicks waiting to get filled. Hopefully, that would fuel a push towards $1, but the pool fill 100% should return a 14.4RR.
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.
DOGEUSDT more pump expectedSoon we can expect more pump here like the green arrows on chart.
We were expecting this pump and now we are in +400% pump:
wait for more pump here like green arrows now or after a short-term fall and retest our major daily support.
also BTC may start correction and short-term dump and then we have alt-coin season.
DISCLAIMER: ((trade based on your own decision))
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Doge → a quick analysishello guys!
Doge is so bullish in the high time frame!
but in a lower time frame, it formed a triangle pattern! a symmetrical one!
so if the price breaks down the triangle's bottom line we can get a short position toward $0.31!
but if the top line will broken then add more volume to your long position!
however, the blue area has a significant potential for getting a long position too!
let's see what is the Doge's purpose!
Doge update 19/11/24Good morning,
As you can see we have broken above that high which I believe we should now see continuation higher. It should run the highs created in this range and then continue on further.
We should see some support around 0.3830 to 0.37775
Should see it run the highs created and then up towards 0.54 to 0.60
$DOGE/USDT: Bullish Breakout with High Potential!$DOGE/USDT: Long Setup 🚀
DOGE has broken out of a symmetrical triangle pattern after consolidating near a key support zone. The price is now trading above the 50 EMA on the 1-hour timeframe, indicating a shift in momentum toward bullish territory. With strong volume supporting the breakout, DOGE looks primed for an upward move. 📈
📌 Entry Point: CMP (~$0.388) 📈 Add-on Zones: $0.37–$0.34 for potential pullbacks. 🎯 Targets:
$0.44
$0.52
$0.68 (Major Target)
⛔️ Stop Loss: $0.34 to manage downside risk. ⚖️ Leverage Advice: Use 2x–5x leverage for risk-optimized trades.
#DOGE #Crypto #AltcoinSeason
Dogeusdt So the BB bands are getting narrow on the 4 hr meaning the price is consolidating before the next move. If the price breaks down with no significant volume it could be temporary if it break up we need conviction of buyers to show up and the volume needs to increase . Pretty sure anything above 0.38 the bulls would be back in control . Macd suggest bears are losing momentum . I would say we should know by tomorrow if the price breaks up or down . 0.30 would be a nice entry but long term target remains 0.70 specially since we are in a bull market not a bear market no more .
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.