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Dogeusdt

Dogecoin Weekly Analysis: +100% Expected Return! (READ CAPTION)By analyzing the #Dogecoin chart on the weekly (logarithmic) time frame, we observe that the price finally managed to fill our desired FVG with a powerful drop, followed by a 57% surge from $0.091 to $0.1437. Now, we can see on the chart that, like other cryptocurrencies in the market, Dogecoin has also undergone a price correction and is currently trading around $0.1130. If the price stabilizes above the $0.091 level, we can expect further growth from Dogecoin, with the next targets being $0.14, $0.1660, and $0.23. The expected return in the medium term is over 100%. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
1
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.
by MarsSignals
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. ___________________________ KUCOIN:DOGEUSDT
Long
by CryptoCheck-
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.
by paul_endeo
DOGECOIN ( IN THE SENSITIVE AREA ) (4H)DOGECOIN HELLO TRADERS Market Performance : - Volatility: Like most cryptocurrencies, Dogecoin is highly volatile. Its price can fluctuate significantly based on market sentiment, social media trends, and endorsements. - Market Cap: Despite its origins as a joke, Dogecoin has a substantial market cap and is one of the top cryptocurrencies by market capitalization. Tendency , the price inside sensitive area between 0.13 & 0.12 . TURNING LEVEL (1) : the price of this level at 0.13 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 0.12 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 0.14 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 0.16 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 0.11, for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 0.09 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 0.12 , have two scenario , first corrective 0.13, before dropping to touch a o.12 , then 0.11 , second corrective 0.12 to reach a 0.13 , then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 0.13 , 0.16 , SUPPORT LEVEL : 0.11 , 0.09 .
by ArinaKarayi
1
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 🎯
Long
by Richtv_official
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.
Long
by awsmtrades
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. _________________________________ BINANCE:DOGEUSDT
Long
by CryptoCheck-
1
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!
Long
by CoreCrypto1
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.
by paul_endeo
DOGE: R/2Price Action Analysis : DOGEUSDT 1. Trend Identification 📉➡️📈: - Previous Downtrend: The chart initially shows a clear downtrend with lower highs and lower lows, starting from around 0.17000 USDT down to about 0.09300 USDT. - Consolidation: After the significant drop, there is a period of consolidation between 0.09300 USDT and 0.12860 USDT, indicating indecision in the market. 2. Breakout 🚀: - The price breaks out from the consolidation phase, moving upwards past the resistance level of 0.12860 USDT. This breakout suggests a potential reversal or at least a corrective move higher. 3. Support and Resistance Levels 🛑🟢: - **Support**: Around **0.12860 USDT**, marked by a gray rectangle, indicating a zone where buyers previously stepped in and might do so again. - Resistance: - TP1 (0.13951 USDT): A minor resistance level where the price might face initial selling pressure. - TP2 (0.15387 USDT): A significant resistance level aligning with previous highs, suggesting stronger selling pressure might be encountered here. 4. Key Price Zones 📊: - Entry Zone: The price has recently moved into a potential buy zone around 0.12860 USDT, where previous resistance might turn into support. - Stop Loss Level: Below the support zone at **0.11655 USDT**, to limit potential losses if the price reverses downward. 5. Candlestick Patterns🕯️: - Recent bullish candlesticks indicate strong buying pressure. Look for patterns such as bullish engulfing, pin bars, or hammer candlesticks near the support zone around 0.12860 USDT to confirm entry points. 6. Market Structure 📈: - Higher Highs and Higher Lows: The recent price action shows the formation of higher highs and higher lows, a characteristic of an uptrend. For instance, the price moved from 0.09300 USDT to 0.12860 USDT and then higher. - Pullbacks: The price might pull back to the support zone around 0.12860 USDT before resuming its upward move, which is a typical behavior in trending markets. Trading Strategy - Entry Point: - Enter a buy position near the support zone around 0.12860 USDT if the price shows bullish reversal patterns (e.g., pin bar, bullish engulfing) 📥. - Stop Loss: - Place a stop loss slightly below the recent low or the support zone at 0.11655 USDT to protect against downside risk 🚫. - Take Profit: - TP1: Set the first take profit target at 0.13951 USDT, where minor resistance is expected 🥇. - TP2: Set the second take profit target at 0.15387 USDT, at a more significant resistance level 🥈. Monitoring and Adjustments 🔄 - Price Action Signals: Continuously monitor the price action for signals of trend continuation or reversal. Look for strong bullish candlesticks at support (around 0.12860 USDT) and signs of weakening momentum (e.g., doji, bearish engulfing) near resistance (around 0.13951 USDT and 0.15387 USDT) 👀. - Adjustments: - Trailing Stop Loss: Once the price reaches TP1 at 0.13951 USDT, adjust the stop loss to breakeven or above to secure profits 🔒. - Partial Profit Taking: Consider taking partial profits at TP1 (0.13951 USDT) and letting the remaining position run towards TP2 (0.15387 USDT) 🏁. This strategy based solely on price action helps in making informed trading decisions without relying on external indicators. It focuses on observing and interpreting the market's behavior through candlestick formations, trend patterns, and key support/resistance levels. 📊💡
Long
by ahmadarz
2
DOGE - March 2024Exciting Update Alert! Patience pays off! Our last chart brought in massive profits, demonstrating the power of Spot trade and steadfast patience in navigating market FUD. Remember, charts never lie – they're our guiding lights in the tumultuous seas of trading. Now, let's dive into the fresh projection on DOGE. By analyzing current support and resistance levels, we can strategically plan our moves to ride the chart's price action. As traders, we don't predict markets; we simply hop on the train with the price action. It's all about mindset! If you missed out on my earlier DOGE chart when it was at the 8 cents zone, don't fret. Take a look now! But let's shift our focus to the present. In this update, we'll pinpoint our entry and exit strategies. We have two potential entry points: one upon breaking out of the current resistance level, with a tight stop loss below it, and another at the next support level. Remember to keep it simple, prioritize money management, and always have your stop-loss orders in place. Let's make these trades count!
by Seahawks_
2
DOGE/USDT ELLIOT PRICE ACTIONHi guys, this is my overview for DOGE/USDT, feel free to check it and write your feedback in the comments👊 Some days ago, the price entered a falling channel, where it at once broke $0.10 level and fell to the support line. Next, the price bounced from this line and soon broke the $0.10 level again and made the false breakout with the Dragon Fly candlestick Sometime later, the price traded near the $ 0.011 level, and a not long time ago broke it, after which rose to the resistance line of the channel. Possibly, the price can Reach to a new high in about 100 days If this post is useful to you, you can support me with a like/boost and advice in the comments❤️
Long
by Wave3Hunter