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DOGE/USD UPDATE: Navigating Entries and Downward TrendWelcome back, gang!! It's time for a quick update on our DOGE/USD trading analysis. Buckle up as we delve deeper into the daily and 4-hour timeframes, uncovering major structural zones and trends that are shaping our next moves. Upon closer inspection, we've identified key structural zones and downtrends, aligning them with Fibonacci levels from the previous leg. Zooming in on the daily chart, we see price touching the 50% mark or the $0.17 level. However, here's the kicker – we're currently below the daily structure and fib level, indicating a continuation of downward pressure. The 4-hour timeframe confirms this with lower lows and highs, solidifying the downward trend. Now, here's the game plan: We need to keep a close eye on price action for the next 1-3 days to determine whether the current level will serve as a loading zone or if we'll break support of the monthly structure, ushering in further downward momentum towards our previous entry zone as mentioned in the previous analysis. Patience is key, my friends. For those brave souls willing to risk it all, you might consider implementing a martingale trading system. But remember, it's not for the faint of heart. On the flip side, dollar-cost averaging (DCA) remains a rock-solid strategy, especially for those who fear missing out on potential rallies from here. However, if you're not feeling it, there's no shame in sitting this one out – missing an opportunity is always better than suffering losses (especially if you're trading versus investing). So, gear up, stay vigilant, and may the trading gods be ever in your favor! Keywords: DOGE/USD, trading analysis update, structural zones, downward trends, Fibonacci levels, daily timeframe, 4-hour timeframe, loading zones, support levels, trading strategies, martingale system, dollar-cost averaging, risk management, trading versus investing.
BINANCE:DOGEUSDLong
by PlutusX
2
DOGECOIN DOGE price "shoots rarely" but accuratelyIf we look at the global history of DOGECOIN trading (and the coin has been around since 2014), you can see one interesting pattern. At the end of 2017 , it was hugely pumping (for those times), and then the creators of DOGE wrote that they did not understand why their "joke coin" had a capitalization of several billion. After that, the value of DOGEUSD dropped to the bottom and stayed there for more than 3 years. Then, in the first half of 2021. Musk decided "to pull a prank" and pump Dogecoin using all permitted and not permitted methods) The holiday did not last long, and even for the "chosen ones", but the unhappy investors in DOGECOIN, as always, are the majority. And now the correction has been going on for more than 2 years. Based on the cyclical nature of the pumps, the next DOGEUSDT pump and, accordingly, the ATH update can fall on the 2nd half of 2024. Moral: miracles do not happen, for a pump to be profitable for its "initiator", you first need to gain a large position, which is what has been happening over the past year. If you have extra money that you want to invest in a long-term investment, you can take a chance and invest in DOGE, but do not buy more than $0.07-0.073. Ideally, you should place orders with a grid in the "buy zone" of $0.0575-0.073 and wait. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
52
🚀🌕 Dogecoin Long Opportunity: Entry at Demand Zone and FVG💰Hey traders! 🎩💼 I trust you're all doing well. Here's an enticing trade proposition for BINANCE:DOGEUSDT (DOGE/USDT), offering not one but two potential entries. 1st Entry: 0.18157 We're initiating our first entry based on the presence of a demand zone (SMC). This strategic entry point presents a promising opportunity to capitalize on potential bullish momentum. 2nd Entry: 0.17400 Our second entry is triggered by a Fair Value Gap (FVG), adding another layer of confidence to our position. This secondary entry reinforces our conviction in the trade setup. (before reading further, follow, like and comment what you think about this idea...) Stop Loss (SL): 0.17058 To mitigate risk, our stop loss is set at 0.17058. This level acts as a safeguard against adverse price movements, ensuring prudent risk management. Target: $1 (Long-term Vision) 🎯 Now, our target is set at $1. But hey, we're not just staring at the stars here; we're ready to sell before the biggest TP hits if needed. (....and share) However, it's essential to exercise flexibility and consider taking profits earlier, albeit retaining a portion of DOGE. Elon Musk's tweets have historically influenced DOGE's trajectory, potentially propelling it "to the moon." This signal is based on SMC strategy... You also want to learn SMC strategy? Great, right it down in the comments!
Long
by smarttrader012
2
DOGEUSDT.1DAlright, let's dissect this Dogecoin (DOGE) to Tether (USDT) daily chart on the Binance exchange from my perspective as a technical analyst. The chart is striking, showcasing Dogecoin's price volatility. Initially, I notice a significant spike in price, followed by what appears to be a consolidation pattern. The price is well below the Ichimoku Cloud, which traditionally suggests that we are in a bearish trend. The Cloud's future projection also appears to be widening downwards, potentially signaling a continuation of the bearish trend. The Ichimoku Cloud components are also indicative of this sentiment. The Conversion Line (blue) below the Base Line (red) generally implies bearish momentum. Moreover, the price is under the Base Line, further solidifying the bearish bias. We can see the marked pivot point levels, with R1 and S2 illustrated. The price is currently hovering above the S2 support level. If this level fails to hold, we may see a further decline towards lower historical support zones. If a reversal were to occur and the price moves upwards, the R1 level will act as resistance. The Relative Strength Index (RSI) is showing an overbought condition with a reading above 60, which is intriguing given the price is not showing bullish momentum. This could imply that a corrective move or consolidation may follow as traders potentially take profits from the recent spike. The Moving Average Convergence Divergence (MACD) is almost negligible in movement, with the MACD line just above the signal line but both hovering around zero. This suggests a lack of strong momentum in either direction currently, which can often be the case after a large price movement as the market digests the change. In summary, while Dogecoin has experienced a significant price increase, the current setup on the daily chart suggests bearish momentum as indicated by the Ichimoku Cloud and the consolidation pattern following the spike. The RSI's overbought signal does not match the price action, indicating that traders should proceed with caution. Any trading decisions should be approached with a clear risk management strategy, considering the possibility of a false signal given the mixed messages from the RSI and MACD indicators. A break above the Base Line of the Ichimoku Cloud could be used as an early indication of changing sentiment, while a fall below the S2 level could signal further declines. As always, patience and confirmation are key.
by MarsSignals
Dogecoin (DOGE) TO DA MOON! - 2024TO DA MOON!! All jokes asides, Doge is peforming exceptionallywell, previous Resistance has been broken at: $0.11. New Level of Support has been formed at= $0.15. Not much next Resistance levels now ahead. Current target set at= $0.28 which basically will be the "NEW" Level of Resistance until the next key levels. Trade with caution with meme coins, expect high volatility within the ranges of the key levels I have provided shown from the chart TA. Despite being a meme coin, DOGE has a very high Marketcap of $23Bil. Huge amount of 24hr trading volume too which is insane. It's a stable meme coin, but it's here to stay in the crypto space! :D
Long
by Bitcoin_Benny
Riding the DOGE Wave: Buy Signal for DOGEUSD 1H - 1:3 RRRIn this trading strategy, we explore a potential long position opportunity for the DOGE/USD currency pair on the 1-hour timeframe. By combining the insights from key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim for a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 acts as a crucial indicator of the long-term trend direction. A rising EMA200 suggests a bullish bias in the overall trend, providing confirmation for potential long positions. MACD Trend: The MACD indicator helps traders gauge the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy. Supertrend: The Supertrend indicator serves as an effective tool for identifying entry points in alignment with the prevailing trend. When the Supertrend line changes its color from red to green, it indicates a shift from bearish to bullish sentiment, presenting a potential entry signal for long positions.
BINANCE:DOGEUSDLong
by panjikadar
2
A Bounce Back or Further Dip?DOGE is currently presenting a compelling technical setup on the 4-hour chart. The price of Dogecoin has recently pulled back to 0.019944, after approaching a dynamic resistance trendline that has been guiding it for some time. The chart indicates that Dogecoin has also retreated from a resistance level that was based on previous price actions, which suggests that this area is significant for traders. The Bollinger Bands (BB) indicate that the price has retreated from the upper band, which often acts as a dynamic resistance, and may potentially test the lower band at 0.18463 as a support level. If this level holds, it could be a sign of resilience in Dogecoin's price. The MACD histogram shows negative momentum (-0.00266), with the MACD line slightly below the signal line, indicating a potential slowdown in the upward trend or a beginning of a short-term downtrend. Meanwhile, the Stochastic Oscillator (%K at 11.53) is signaling that the coin is currently oversold, which often precedes a potential reversal or at least some consolidation. The RSI at 49.40 is nearly in the middle, which suggests that Dogecoin is neither overbought nor oversold in the broader context. However, the proximity of RSI to the 50 mark may indicate a lack of decisive momentum in either direction, and the RSI-based Moving Average is significantly higher, showing that the recent trend has been more positive. Bringing these indicators together, Dogecoin is showing signs of a short-term downward pressure while still within the context of a larger uptrend. Traders may be watching to see if the local support can hold for a possible bounce back or if the price will continue to seek lower levels for stronger support. Given the oversold condition suggested by the Stochastic Oscillator, there might be an opportunity for buyers to step in, provided that broader market sentiment and volume support such a move.
by MonoCoinSignal
2
DOGE Fractal: Following THIS Pattern? 📉Hi Traders, Investors and Speculators of Charts📈 Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here): Doge has been following an interesting pattern recently in the daily timeframe - Elliot Waves. We see the 5 impulse waves up (wave1-5) followed by the abc correction waves. Then we have a period of range bound trading finally before the next wave1-5 starts. Here's where it get's technical in terms of the wave fractal: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:DOGEUSDT
Long
by CryptoCheck-
5
DOGE - Following BTC FRACTAL?🚀📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. Doge has been very profitable so far. Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here): As BTC trades sideways/rage, we can expect to see altcoins play catch-up. From a correction perspective, this was the drawback for each coin during the corrective wave: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:DOGEUSDT COINBASE:BTCUSD
Long
by CryptoCheck-
2
DOGE can ascend further!Hi COINEX:DOGEUSDT Today, I want to analyze DOGE for you in a weekly time frame so that we can have a mid-term view of DOGE regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). DOGE formed a rounding bottom on weekly timeframe🤔 Up we go if we do breakout ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. - AB=CD - Rounding Bottom Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
On large time frame charts when using Fibonacci ratios...Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (DOGEUSD 1M chart) To understand the overall wave, we analyzed it using TradingView's charts. The key is whether the price can be maintained by rising above 0.22393, which is the upper point of the box section of the HA-High indicator. Accordingly, we need to check if it is supported and can rise around 0.707 (0.20689) to 0.786 (0.22377). Due to this rise, it is expected that a new HA-High indicator will be created next month. If that happens, an important question will be whether it can be supported and rise in the newly created HA-High indicator. ------------------------------------------------- (DOGEUSDT 1M chart) Currently, the HA-High indicator is formed at 0.13377. (1W chart) The area around 0.5 (0.15983) to 1 (0.26667) corresponds to the psychological resistance zone. Accordingly, the key is whether the price can be maintained by rising above 1 (0.26667). If it rises above 1 (0.26667), it is expected to rise to around 1.618 (0.39871). (1D chart) The key is whether it can receive support around 0.21597 and rise. If not, you should check for support around 0.20420. If it falls below 0.20420, 1st: 0.618 (0.18505) 2nd: 0.5 (0.15983) ~ 0.17001 3rd: 0.13377 You need to check whether you receive support around the 1st to 3rd positions above. If it falls below 0.13377, it is expected to turn into a downward trend. ----------------------------------------- Depending on whether it receives support or resistance at the Fibonacci retracement rate point, you can predict whether it will rise by two levels or decline. Accordingly, if it meets resistance and falls near 0.786, you can expect it to fall to around 0.618 or rise to around 0.886, depending on whether it receives support or resistance around 0.707. However, Fibonacci has the disadvantage of having to specify a selection point, so if the selection point is specified incorrectly, erroneous results may be obtained, so it is recommended to draw on a time frame chart as large as possible. This is because I believe that only then can the waves generated by fakes or whipsaws be filtered out. If you plot Fibonacci on a time frame chart that is too large, you may find it to be of little use due to the intervals being too large. However, I think there is no problem at all due to the nature of the coin market, which has large fluctuations. Rather, I think it plays a more accurate role of support and resistance. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
DOGEUSDT: Primed for a Generational Rally - Prepare for Liftoff "DOGECOIN enthusiasts are on the edge of their seats as indicators suggest a potential generational rally, poised to catapult the meme-inspired cryptocurrency to new heights. With gains potentially reaching a staggering 33%, investors are advised to approach with caution, prioritizing profit-taking strategies and diligent risk management. Implementing stop-loss orders is paramount to safeguard against sudden market fluctuations. For those seeking expert guidance and precision timing, consider following a premium signal channel for sniper-like entry points. With meticulous planning and proactive measures, investors can seize the opportunities presented by DOGECOIN's impending surge while mitigating potential downside risks."
Long
by MOAZAM1133