$DOGE has gone deepCRYPTOCAP:DOGE is experiencing a major correction and as a fairly large coin with a large following, it has brought a lot of stress with it.
For now the correction has gone well, slightly deeper than I initially thought. But when I look at the repeat of 2020/21, it matches just fine.
This would mean that we can expect a good run with CRYPTOCAP:DOGE and that there is still a lot of potential here.
It is currently well below its trend and we first have to see whether it can catch up more than the other currencies.
I have a lot of hope for CRYPTOCAP:DOGE and hope that it won't break my confidence and that we can make good progress. But for now we'll keep an eye on it and we have to get back into the trend.
Be kind to the world and each other!
DOGUSD trade ideas
Be prepared to scoop like a maniac!As you can see the price chart on doge this cycle is pretty similar to the last one so far. After going up to the first pause of the cycle around the 0.786 fib level price corrected to the 0.618 fib level. If this time happens something similar make sure to get in big around the 26 cents if this idea proves right.
$DOGE perfect hit!CRYPTOCAP:DOGE has now completed its correction.
I love it when a plan comes together.
As far as I'm concerned, this is the last correction and we have now approximately hit the bottom. We may see another retest, but I only expect room to move up from here.
Congratulations to those who hit the bottom.
More updates on possible targets for CRYPTOCAP:DOGE later.
Be kind to the world and each other!
The World Revolves Around How Easy it is to Borrow MoneyAnd Doge is no exception. Doge jumped 400% in a single day immediately after the January 2021 fed meetings concluded. Was it every American dumping their stimulus check (from a month prior, lol) into Doge as we've heard so many times before ? Absolutely not. We are just riding the wave of big money playing musical chairs. Pray that the Fed doesn't pivot next week.
Breakout of 3 year downtrend/accumulation is due to be retested and the sooner the better if you compare how things went in 2016 vs 2020.
My guess for the pivot point is .31337.
31337 = leet. iykyk
DOGE - Another Picture Perfect Prediction (LTF)Wanted to take one more look at the DOGE prediction on the lowertimeframe (12H) that we made exactly one week ago.
After seeing price breakdown from the rising wedge pattern, price quickly rose to retest our green trendline. This green trendline acted as a level of support all the way to the upside and once old support is broken, it is usually flipped into a new level of resistance. We warned a week ago this was likely turning into a new level of resistance around $0.416, but we need to watch the 12H RSI to confirm this was the case.
Where we said "Watch for a rejection" was because the 12H RSI was fighting the median line (50). When strength is above the 50 it has bullish momentum, when strength is below the 50 it has more bearish momentum. Therefore, once the RSI did get rejected below that 50 level, the bears took over, flipped that trendline into new resistance, and pushed price into our "downside target" measured move box of support.
DOGE - Another Picture Perfect Prediction (HTF)Just wanted to revisit our prediction from Dec 8th so that traders can continue to improve and understand how to read charts. When I made this post most people were still extremely bullish and expecting a bull flag to propel Dogecoin to the upside. We were in the same camp until we started to identify some warning signs for on the daily time frame. I am here to reexplain those concerns and to show why price has dropped the way it has. Here is that previous prediction:
First, we identified there could be a rising wedge forming (which is generally a bearish pattern) and usually sees a break to the downside.
The second main concern was our daily RSI. On our daily RSI strength was starting to fail at overbought conditions showing that buying pressure was slowing down. (red circle with message "very important to watch")
This signaled the third main concern. Although price was continuing to rise, strength was slowing which lead to a bearish divergence being created.
From our post we made around $0.45 giving this warning, price has already dropped 25% and our RSI has dropped 44%.
Now price is nearing completion of it's measured move dump. This does not mean price cannot drop further, but the technical measured move of the rising wedge target was between $0.32-$0.34. Therefore, if we start seeing buyers step in at this range we should see the dump completed and a new leg to the upside start.
Absolute worst case scenario at the current moment would be one final capitulation to $0.22-$0.23, but that is the less likely outcome.
10.12.2024 - DogeComparison of the current situation on Doge to what Doge did during the previous bull market.
The current possible scenario is a drop to around 32-34 cents. Then, a strong rally to around 52-53 cents (the 68.8 Fibonacci level of the global swing from the peak of the previous bull market to the bottom), followed by another significant drop to around 25 cents
$DOGE isn't ready yet?Looking at the previous bull run with CRYPTOCAP:DOGE , we should correct to 50% from here. Then the correction is also completely complete for the bull run.
I think 50% is also the maximum for the correction. But in these crazy times, I wouldn't be surprised if we made some deeper corrections.
For now I expect a slightly deeper correction, but once it is complete we can only go up from there.
I secretly hoped for a CRYPTOCAP:DOGE Christmas, but I'm afraid we'll have to test our patience for a while.
Be kind to the world and each other!
DOGE YOU THINK WE ARE GONNA MOON?Sheesh, let's cut through the nonsense and get to some points. Of course, everything is hypothetical, but we might need a little hope for the people who bought at the top, right? My views and ideas are crammed into a quick 10-minute window. Let it roll, and enjoy the ride.
DOGE FIBDogecoin cannot sustain the daily close above .36 so next level on the fib is .32 which is a crucial point of support. Still floating under the trendline on the RSI. MACD starting to trend under which means potential bearish signals. Keeping eye on this, and waiting to see what happens with community and team.
Doge pull back. Keep holding and buy more. Just on the last bull run we had a huge push up. Before having a pull back of 40%! That’s massive. Lot of people sold and took the loss or small gains. This happened over 7 days of lower lows and then BOOM! Over 14 days 177%!!!! There are a lot of people who do this. Give you hope. But this is just data. Good luck trading out there.
$DOGEHello Shibs, hope you still HODL Dogecoin. Thi the accumulation part, market correcting itself for another run. Bitcoin also down today, keep that in mind. A crucial support level I’m looking at is .35 to close above in the daily. If that breaks buckle up, and HODL.
Dogecoin was recently attacked, and hacked. “Exploited a vulnerability called “DogeReaper” crashing 69% of nodes. A fix was quickly deployed, and network’s functionality was not severely impacted.” Which makes me to believe a lot of people are panic selling. How could you sell DOGE? It’s literally the Department of Goverment Effeciency!!
Anyways, don’t panic sell. DOGE TO DA MOON!