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Dogecoinanalysis

DOGECOIN Doge price is approaching "a prudent buying zone"The DOGEUSDT price is in a wide buying zone of $0.057-0.073. If you believe in the Dogecoin project, or at least believe that Musk will be able to pump up the price of DOGEUSD again, then this is the right buying zone for you) It is wise to place buy orders by "a grid" in this zone to end up with a "tasty" average price of DOGE in a medium or long-term investment portfolio. If and when the long-awaited alt-season begins on the crypto market, the medium-term target of $0.16 and the long-term target of $0.33 for the DOGE price look more than realistic. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
37
Dogecoin Consolidates With Rising Volumes, DOGE Adds 26%Past Performance of Dogecoin Dogecoin remains under pressure. Even though it is up roughly 10% in the last trading week, it remains within a bear formation with caps at $0.078. The good news is that DOGE prices are above the middle BB and steady above $0.070. Still, for the uptrend to take shape, there must be a conclusive high volume close above $0.078 in the days ahead. Dogecoin Technical Analysis DOGE is up 26% from March lows, but prices are moving horizontally with limits at $0.078 and $0.070, respectively. The coin remains within a bear formation unless bulls break above $0.078 with expanding volumes. The only positive in the current formation is that the leg up is with expanding volumes, increasing the probability of a bullish breakout. In that case, the bear breakout of March 3 will be invalid, allowing traders to ride the emerging trend targeting $0.090. Any dump below $0.070 with such rapidity will likely cancel this bullish preview. What to Expect From DOGE? DOGE remains in a consolidation though volumes are relatively higher. Though prices are also higher, the failure of bulls to push above $0.078 could suggest weakness. Still, it is until there is a clear trend definition above or below the current consolidation that traders can open positions, riding the trend. Resistance level to watch out for: $0.078 Support level to watch out for: $0.070 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Dogecoin Drops 20% from February Highs; Support at $0.080Past Performance of Dogecoin Dogecoin is, like the broader market, under pressure. It is down roughly 20% from February highs and will likely shed more in the days ahead. Going forward, traders should watch how prices react at around $0.091 and support at $0.080. #Dogecoin Technical Analysis Bulls are confident, but how prices react in the short term depends on where prices float or dump to next. DOGE is anchored by the bear bar of February 9, a wide-ranging candlestick that still shapes the current trend. For the trend to be defined, there must be a close in either direction, in a breakout. This could allow traders to ride it as the trend resumes, or retest immediate support levels at $0.10, and $0.073, respectively. What to Expect from #DOGE? DOGE is around the 61.8% Fibonacci retracement level of the December to February 2022 trade range. However, DOGE is confined in consolidation with decreasing volumes, a concern for bulls. As aforementioned, the failure of bulls to close above the February 9 high swings price action to favor sellers in the short term. Resistance level to watch out for: $0.091 Support level to watch out for: $0.080 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
2
Best entry point? Key support tested! 27.02.23What happens when a "falling wedge" pattern meets a long-term support line and they both bump into a potential Elon Musk takeover by Twitter? "Falling wedge" is a bullish reversal pattern. 0.85 is key resistance to pass for breakout up, confirming much further upside above. Support line goes back to October 2022 and confirms higher lows. Dogecoin is a POW coin (proof of work) and is mined similar to Bitcoin, no pulling the rug here. Dirt cheap, great upside, exciting stuff. ---------------------------------------------------------------------------------------------------- I encourage you to do your own research and practice caution when trading, especially leveraged products. Thank you for reading! Any comment to help me improve my content would be highly appreciated. ----------------------------------------------------------------------------------------------------
Long
by Exactus
8
Dogecoin Analyze (Short Term, 1-hour Time Frame,02/22/2023)🐶Dogecoin was able to make a symmetrical triangle. Also, Dogecoin broke the lower line of a symmetrical triangle. I expect Dogecoin to go down. Dogecoin Analyze (DOGEUSDT), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
8
Dogecoin Analyze (Short Term, 30-minute Time Frame,02/19/2023)🐶Due to the microwaves structure of the main wave A, I do not expect Dogecoin to be able to go above the opening price of the main wave A. So I still have a bearish view of Dogecoin. It seems that the structure of the main wave B has a double three correction structure(WXY), and this wave's end was in 🔴PRZ(Price Reversal Zone)🔴. Dogecoin is losing its uptrend line and moving around the resistance line in the lower time frame of 15 minutes. I expect Dogecoin to decline at least until the first 🟢PRZ🟢. Dogecoin Analyze (DOGEUSDT), 30-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
15
Dogecoin Analyze (Short Term, 30-minute Time Frame,02/17/2023)🐶It seems that Dogecoin was able to find the end of wave B at PRZ(Price Reversal Zone). I expect Dogecoin will go down at least to the first PRZ. Dogecoin Analyze (DOGEUSDT), 30-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10