Doge
Alikze »» WIF | Ready to break supply areaIt has been moving in an upward channel at 12h and daily.
💎 Currently, after exiting this ascending channel, it has been suffering for some time in the range of the green box and the supply zone.
Considering the density in the trading range, I expect it to enter the ascending channel again after breaking the supply zone.
💎 If the supply zone is broken, it can touch the specified targets and the middle of the channel and then the next supply zone.
💎 Alternative scenario: If the green box area breaks, it can continue correction until 1.96.
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DOG sell/short setupDogecoin's major structure is bearish. Now the wave that has moved upwards has formed a bear iCH.
So we are looking for sell/short positions in supply ranges.
In the specified supply range, we can look for sell/short positions.
The target can be the range of demand.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
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BULLISH Altcoins NOW: Final SHAKEOUT CompilationWe're seeing what could be the final shakeout across the entire altcoin market. This drain of liquidity will likely go into Bitcoin to propel the next impulse wave up, after which the money rotates BACK into alts for Altseason2.0.
We're spotting multiple bottom patterns across the altcoin markets such as inverse head and shoulders and W-bottom patterns.
1) FLOW
2) RNDR
3) SOLANA
4) LINK
5) ETH
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I'll keep adding to the list over the next few days as there are MANY more. FOLLOW for alerts!
DOGEUSDT.1DAs I analyze the Dogecoin (DOGE) paired with Tether (USDT) daily chart, several key technical aspects come to light. The price trajectory shows a significant consolidation phase, navigating within a defined range underpinned by crucial support and resistance levels.
Resistance Levels and Price Ceilings: The immediate resistance is marked at R1 ($0.16666). This level previously acted as a barrier, and a price push above this could signal strengthening momentum. The secondary resistance (R2) lies higher and serves as a pivotal point for assessing the potential for bullish continuation.
Support Levels and Price Floors: The price recently tested the support at S1 ($0.12079), which successfully halted further declines. A crucial lower support at S2 ($0.09766) provides a deeper safety net, where buyers might emerge strongly to defend price drops.
Technical Indicators Overview:
1. MACD (Moving Average Convergence Divergence): Currently, the MACD line slightly hovers above the signal line, indicating a marginal bullish presence. However, the proximity to a bearish crossover suggests that the bullish momentum is weakening, necessitating vigilance for potential shifts towards bearish dominance.
2. RSI (Relative Strength Index): With an RSI reading of approximately 46, the market does not exhibit conditions of being overbought or oversold. This neutral stance points to a lack of decisive momentum, placing importance on upcoming trading sessions to clarify directional intent.
3. Trend Analysis: The breakdown below the trendline T marked a significant shift in market structure from an upward bias to potential bearish control. This trendline breach should be viewed as a bearish signal unless the price reclaims positions above this level.
Trading Strategy:
Given the current technical setup, traders should adopt a cautious approach, monitoring for a definitive move either above R1 or below S1. A break above R1 could validate bullish sentiments, potentially targeting R2. Conversely, a break below S1 could intensify selling pressure, aiming for S2.
In conclusion, the current market condition of Dogecoin suggests a tug-of-war between bullish and bearish forces with pivotal actions expected at the key technical levels mentioned. Traders should remain adaptive, employing stop-loss orders to manage risks effectively, and capitalizing on clear signals provided by further price action and indicator movements.
DOGE - 120% Increase FIB Target (⊙_⊙)Dogecoin is looking bullish here for a couple of reasons:
1) Chart Pattern
Inverse Head and Shoulders in the Daily
2) Technical Indicator
"BUY" flash in the weekly
3) Trendline Analysis
Higher lows, consistently
If you've been following, you'll know I've been looking at a multi-month playout where we can expect another impulse wave up in Bitcoin as well as for altcoins, naturally. A few days ago I made a post on why I believe the corrective phase is over, and why we're likely in the beginning of the new impulse wave up. 👇
It's important to note that this impulse wave is potentially another multi month playout . But with patience, and courage, it can be a rewarding upcoming few months.
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KUCOIN:DOGEUSDT
Dogecoin (DOGE): is rally possible?Dogecoin (DOGE) formed a falling wedge pattern and was on the verge of a bullish breakoutfrom it. Another analysis perspective showed that the breakout has already occurred.
In either case, the price has stalled over the past week and wiped out some of the earlier gains.
Despite that, it maintained the bullish market structure on the 1-day chart. Things were not as simple, and the bulls had significant challenges ahead.
The market structure was still bullish after the structure break earlier this month. Since then, the meme coin has not formed a lower low. The RSI was also above neutral 50, although just barely.
Together they showed that the bulls still have a chance of pushing prices higher.
However, the trading volume has been very low throughout July. Even when the prices started climbing higher halfway through the month, bullish conviction was hard to come by.
The OBV reflected this fact with a tepid bounce in July, and over the past few days has resumed its slump.
The 90-day MVRV ratio showed DOGE was undervalued despite the recent bounce. This was encouraging as it reduced the likelihood of a wave of selling from profit-takers.
Whale selling combined with a lack of trading volume meant that the chances of a strong rally were slim.
A Bitcoin (BTC) pullback can impact sentiment more in these conditions, especially since the BTC-DOGE correlation stood at +0.95.
Weekend Analysis Round Up- EUR/USD, AUD/JPY, DOGEHey Everyone!! Here is my Weekend Analysis Round Up for Market Open!!
1) EUR/USD - Head & Shoulders Pattern w/Potential Bearish Wedge as Continuation Confirmation!!
2) AUD/JPY - Possible Correction Wave based off new LOWER LOW!
3) Doge - Stuck in a Pennant?!
Dogecoin On The Rise!! .. But For How High??Here I have Dogecoin on the Daily Chart!
Starting with Technical Analysis:
Since its visit at the High in Dec. 2023 (.0945 - .1020) Support Zone, Dogecoin has had quite the Bullish Run!
Currently this rally is being halted @ .1363 as Price is testing not only the (.1280 - .1440) Resistance Zone but the Falling Resistance based off the Highs in March & May!
If price is able to overcome these obstacles ..
What lies in wait??
..Previous Highs
1) Price will have to contend with the (.1700 - .1800) Resistance Zone
2) Price will have to contend with the (.1990 - .2200) Resistance Zone
.. After that, well lets just focus on the here and now
*Based on the bearish pressure Dogecoin is facing considering on the Daily, Price is hitting Resistance Bollinger Bands, we could see a drop to the down side to test the (.1280 - .1300) area this rally was able to Break IF the Falling Resistance is able to Hold Price Below it's current High @ .1363.
*IF this drop is contained by the (.1280 - .1300) area and price is able to stay relatively above the 200 EMA, this could be good indication of Bulls in the area ready to push price higher!
Now Fundamentals
There's already been a lot of hype on the cryptocurrency for those who follow the fundamental side of trading with the ENOROMOUS transaction made with said currency:
www.tradingview.com
Along with the strong boost to cryptocurrency by the "Pro-crypto stance under Donald Trump's Leadership - should he win - will further fuel enthusiasm."
www.tradingview.com
*I currently hold 107 Dogecoins but could be looking to add very soon
-Stay Tuned!
Trade Setup: DOGE Long PositionMarket Context:
DOGE is reclaiming its range low after a change of character (CHOC).
It is setting a higher high and a higher low into the 21-day and 200-day EMAs.
The range low is being treated as invalidation if the price closes below this support level.
Trade Parameters:
Entry: Enter a trade around $0.129 to $0.13.
Take Profit:
First target: $0.157
Second target: $0.187
Third target: $0.22
Stop Loss: Set at a daily close below $0.115
📊 Monitor the price action around the 21-day and 200-day EMAs. Adjust your trade based on market conditions and be cautious of any signs of reversal or further downside. #DOGE #CryptoTrading #TradeSetup 🎯
DOGE/USD: Wyckoff Reaccumulation Schematic in PlayDOGE/USD appears to be following the Wyckoff reaccumulation schematic, a pattern that suggests a continuation of the uptrend after a period of consolidation. This phase often indicates strong hands accumulating more positions before the next leg up. Traders should watch for key signs such as increased volume on up moves, higher lows, and breakout above resistance levels to confirm the reaccumulation phase. If the pattern holds, DOGE/USD could be poised for significant gains as the reaccumulation process completes.
DOGE - DON'T MISS out on ALTSEASON 2.0 !Yesterday we took a look at altcoins that are strong currently - and today I'm adding another, DOGEUSDT.
✅ From a technical indicator perspective, Doge is ready to reclaim a key trendline, as the price is consolidating right under it (bullish). "Extremely Oversold" is usually a good place to buy:
✅ From a Chart Pattern perspective, we observe an inverse Head and Shoulders pattern forming, which is also bullish and confirms a direction reversal. Furthermore, a total of -60% has been retraced and this is prime time for a new upwards wave:
✅ From a trendline analysis, we have successfully reclaimed the neckline after closing daily candles ABOVE the old peak:
I conclude to say that according to the trend and all other signs - the price is short term and long term bullish from here.
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BINANCE:DOGEUSDT
DOGEUSD No time left! If you want to BUY do it NOW!Dogecoin (DOGEUSD) has been filling out our July 24 2023 call (see chart below) with impressive precision so far as after 6 months of sideways trading within the Cycle's Accumulation Phase, it posted the Bull Flag that typically precedes the parabolic rally:
Technically this implies that there is little (if any) time left before DOGE starts its aggressive rally phase where traditionally it doesn't offer many opportunities to catch it. The Sine Waves that accurately grasp the Cycle's Top, show that the coin will be entering its Peak Phase at the start of next year and may last until May 2025.
In any event, back to today, with the 1W MA100 (green trend-line) holding this month, the Bull Flag is about to break upwards and our Target remains the 0.786 Fibonacci level of the Fib Channel at 2.000. An overextension Target for those who wish to leave some coins running, can be 6.000, right at the top of the pattern.
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DOGE: DO NOT MISS IT HERE!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
DOGE looks good in the daily time frame. Breaks out from the bull flag-like pattern here and currently retesting the support trendline. Buy some here and add more in the dip.
Entry range:- $0.12-$0.13
Targets:- $0.173/$0.203/$0.274/$0.334
SL:- $0.1
What are your thoughts on DOGE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Dogecoin (DOGE): brief analysisAmid increased bullish sentiment in the crypto market, the DOGE price has added 4.80% to its portfolio within the past day with a trading volume of $1.47 Billion. Further, it has surged 17.67% over the last seven days and has a YTD return of 53.76%.
The technical indicator, MACD, displays a constant rise in the green histogram, highlighting an increase in the buying-over-selling pressure in the crypto space. Further, the averages record a constant uptrend, suggesting that the DOGE coin price will continue gaining value this week.
If the market continues to gain momentum, the Dogecoin price will prepare to test its upper resistance level of $0.18225 in the coming time. Conversely, if a trend reversal occurs, the memecoin leader will plunge toward its low of $0.1010.
DOGECOIN #DOGE Still The ALTCOIN KING And can charge to $1And Can lead the way for the rest of the #ALTS.
We have had some nice action by the bulls Already on dode
But like much of the altcoins have been dragged back down
YET higher lows are in place
and we see some symmetry in the price action in a bowling out fashion
IT would not surprise me in the least if DOGE were to make a new ATH this cycle.
Which doesn't sound like much of a feat ... but as any seasoned crypto speculator knows
nearly ALL altcoins essentially dies and fade away.
So making new highs every cycle puts DOGE in a elite club of coins.