DOGUSD trade ideas
Doge: just got complicatedHappy Birthday USA. Market just took a dump and invalidated several of my EW counts. Doge breached the unbreachable area of $0.107. That will make it a lot more complicated to track the price action. At the moment, there is no trade. Elliot wave perspective, several alternative counts are active now. Need to wait and see which way the price will unfold.
1. Bullish count: Primary wave 4 completed and price action since Oct last year is a leading diagonal. The price swings will need to be subdivided into 3 wave structures. It can be fitted. For this to correct, price needs to break over at least $0.32 in the next 3 to 6 months in a 3 wave structure. The trade will be at wave 2 following the completion of leading diagonal wave 1. I is usually a very sharp and deep wave prior to rocket.
2. Bearish count: Primary wave 4 is still in progress. March high was just the X wave and now Y wave is in progress. So far I can see a 3 waves down. So, it can either be a flat or a zigzag. Flat correction might bring price down to retest the $0.05 lows. Zigzag correction might take thing a lot lower. I don't think I will be shorting this at this stage. The trade now will be to wait till a bottom is confirmed and an uptrend is established.
Doge sellDodge is currently at the support level of 0.10 to 0.11 cents and it is likely to continue its growth in these price ranges, but on the other hand, according to the daily chart of this currency, it is breaking its upward trend line, and if the bearish candles If it continues, it can continue to fall until the support of 0.08 cents
Stf if you are not a doge loverI posted a doge short analysis months back now back again with the long let’s hope the probability play out in our favor higher time frame analysis and historical data considered
Doge target confirmationAccording to my anticipation the total crypto market is in ABC correcting structure. All the rise in 2023 year was on reducing volume. There are also other indicators.
Here is my base scenario for the ABC wave structure. After two more new read candles on 2W TF will have one more confirmation.
The trading itself is simple, the more complicating thing is to keep calm and follow a strategy.
Good luck and have a fat profit!
$DOGE Long IdeaIt is consolidating above key level (aka Alchemy Level). My first target is 0.38+ based on measured move.
DOGE TO 0.70 again and new ath. Meme coins crazyDoge is in a falling wedge, good for meme coins soon, wif, pepe and the likes thereof
DOGEUSD: Strategies Unite!Crypto:
I, personally, do not like crypto, but I like the chart of Dogecoin. I am playing it small while focusing on stocks.
Technicals:
-After a 4 to 5 weekly drop in Dogecoin (from May to June), Dogecoin also formed a weekly NR4 or NR7 bar.
-This weekly bar is also a doji. This doji appeared right on top of weekly horizontal support from April 2022 and December 2022.
-Weekly volume on the drops overall have been smaller that the rises; and the entire drop has shrinking volume overall. My indicators are showing extremes and hidden divergence at the same place.
- After an a-b-c extension with have a Mathis wave of W-X-Y.
-The "X" appears right in between 61.8%-78% fib.
-uHd with indicator extremes
Doge(based on NEo wave)this G wave of broken diametric is a bow-tie diametric .
I have my confirmation to buy it on G wave of bow-tie diametric and my stop loss is E wave.
DOGE(based on NEo wave)I changed my counting this diametric is broken and its at the end of line, I will share the smaller time frames.
this situation is the last chance to buy and use the heavy bullish wave.
DOGE Massive Move Incoming? Pump To 2$!Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider.
In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the previous two bull-cycles, DOGE saw a +9,000% and a +30,000% between 38 and 34 months AFTER the previous top.
In February, where we can argue that DOGE's bull-cycle has started, we were at 33 months after the previous cycle top. Close enough!
If DOGE increases by a fraction of what it did in the previous two cycles, we can very easily argue that a 1$ or even a 2$ value per token is not too far-fetched.
Are you bullish on DOGE? Share your thoughts.
Safety zone - SMA-200Historically, buying below SMA-200 is one of the safest places because price always went up from here. Nevertheless, i would wait until price decline at least 30% more from here first
Bullish bounce?DOG/USD is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.1187
Why we like it:
There is an overlap support level which lines up with the 50% Fibonacci retracement.
Stop loss: 0.1153
Why we like it:
There is a pullback support that lines up with the 78.6% Fibonacci retracement.
Take profit: 0.1254
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Doge 2-year SMA supportHere is the price action I anticipate. The end of 4-wave is a good place for a short.
The most interesting part will start after the end of the 5-wave, because all degrees take acting simultaneously.
Good luck and have a massive profit!
DOGEJust an idea.
Doge came down to pretty good support around .115
Looks like could be due for a mean reversion trade into end of month, at minimum.
Depends on what BTC does, etc.
Ending diagonale targetThe target of the 3 wave is 0.083, find the red line on the chart.
After this i am anticipating reaction - 4wave, as part of the Ending diagonale of the minor degree. Approximately 0.13.
The 5wave of the Ending diagonale could reach the bottom blue line of triangle on the chart.
Please note my base scenario is very bearish. The targets mentioned here are for short term speculative trading.
See more details in previous postings. Good luck and have a fat profit!
DOGE: To The Moon And Beyond!Hold onto your rocket boosters, folks, because we're about to blast off on a cosmic journey with our favorite canine crypto, Dogecoin! Picture this: a sleek, shiny Doge-1 satellite, funded entirely by the power of the people's cryptocurrency, hurtling through the inky blackness of space. It's like a dream come true for every meme-loving, crypto-crazy astronaut out there!
As the Falcon 9 rocket roars to life, carrying our beloved Doge-1 payload, the countdown echoes through the cosmos: "5...4...3...2...1...DOGE TO THE MOON!" And just like that, our furry friend is soaring through the stars, leaving a trail of laughter and rocket emojis in its wake.
But this isn't just any old space mission, my friends. This is the first-ever commercial lunar payload funded entirely by Dogecoin, proving once and for all that the power of the people (and their love for memes) knows no bounds. So buckle up, fellow space cadets, because the sky's the limit when it comes to the power of the people's cryptocurrency! - Grok
History doesn't repeat itself but it often rhymes - Elon Musk
Not financial advice.
BINANCE:DOGEUSDT
Doge ready to fly Dogecoin is ready to blow up on the 1-day chart.
As we can see on the chart, the RSI of Doge Coin is in the over sold zone, which is also its old demand zone from where it has gone up many times.
DOGEDOGE looking good to start pushing back up to .13, having deviated.
Reclaim .13 and I suspect they will step in to begin send back up to .2
$DOGE USD Logarithmic 1W chart clearly showing why doge cycle is incomplete and will hit $1 eventually before crash
Dogecoin - Last buy before +250% pump!CRYPTO:DOGEUSD broke out of another triangle formation and is preparing a major move.
Cycle after cycle after cycle. Dogecoin is definitely one of these assets where you have to look at the higher timeframes; otherwise there is a high risk that you get caught up in short term moves. The trend is clearly bullish and five months ago Dogecoin broke out of a symmetrical triangle formation. We also have a valid break and retest, all indicating a bullish reversal.
Levels to watch: $0.125, $0.359
Keep your long term vision,
Philip - BasicTrading
Dogecoin + Golden Cross + Potential $12 - $35Disclaimer:
Cryptocurrency trading involves substantial risk, and past performance is not indicative of future results. This analysis is based on historical data and technical patterns and should not be taken as financial advice.
