Dogecoin Rises, But Encounters Resistance At $0.064
Dogecoin price long term forecast: bearish
The upward momentum has broken through the moving average lines but has stalled at the simple moving average of the 50-day line. DOGE is currently trading above the 21-day line SMA, but below the 50-day line SMA. The upward movement is expected to continue to a high of $0.062.
DOGE has now returned to the previous fluctuation range between $0.060 and $0.064. The current uptrend will continue if the price rises above the moving average lines and the barrier at $0.064. The market will reach a high at $0.068. Meanwhile, DOGE is between the moving average lines.
Dogecoin indicator display
DOGE resumes its uptrend as the price bars cross the moving average lines. The altcoin will have to fluctuate between the moving averages if the 50-day line SMA stops the uptrend. Another market movement is possible when the price rises above the 50-day line SMA. The slope of the moving average lines is in the opposite direction, which indicates a sideways trend.
What is the next direction for Dogecoin?
DOGE/USD has returned to its price range of $0.060 to $0.064. According to the price indicator, the altcoin will rise to the 1.618 Fibonacci extension or $0.0624. Altcoin is reaching the overbought zone of the market. The current bullish momentum will face resistance at $0.064. Bulls have struggled to break the $0.064 resistance level since August 31.
Dogeusdt
The DOGE coin will be ready to explode this season!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Guys, I would like to share my thoughts regarding the DOGE coin!
On the chart I compared two accumulation zones, the zone that was in 2019-2021 and the zone that we see now, FOMO is already on its way, right?))
If you look at the accumulation zone that is located below, you can see traces of MM (Possibly Elon Musk) who for two years bought back coins a little at a time, while others could not stand it and simply left with HODL.
Now it seems to me that the same thing is happening, the coin has been in accumulation for 503 days and here, like in many alts, they simply force those who bought at the high to dump coins and wait for a rebound... My thoughts are that when strong euphoria sets in, meme tokens will not stand aside and we will see strong candles DOGE/FLOKI/SHIBA and even possibly PEPE)
In the meantime, I keep this coin for 4% of the deposit at a price of $0.08970 and perhaps I will average in the current zone)
SUNUSDT|Get a long position!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
The coin, after leaving the local downward channel, lingered in the bullish range, from where you can try to take a few percent, 1-2% of the deposit with a leverage of 2-3X.
Deal plan:
Entry - 0.00562/0.00555$
Stop - $0.005335
Take - 0.00586, fix 50-70% of the position, stop in used.
Guys, I described risk management and money management for you, you don’t need to fly headlong and take a large leverage and enter completely on deposit.
DOGE/USDTime to DCA Doge...
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
SPOT THE DIFFERENCE: Real vs RUG📈📉Hi Traders, Investors and Speculators of Charts📈📉
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves.
With crypto scams rampant, it's easy to get mixed up in a scam coin whose ultimate goal is a liquidity drain (slow, stair-step bleed down). Here's my top advice to avoid diversifying into bad projects / scams:
- Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper, twitter account and website. You want to see the background, goals, strategy and timeline for implementation for any blockchain-related project. This can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may que that they lack a professional and qualified team and the website was built by someone's cousin's brother.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept.
- Note the name. I can't stress this enough. Baby Doge, Baby Shib, pizza coin, bulldog etc... These are all coins that are obviously meme coins and you can almost expect to be rugged if you buy into a coin with a weird or funny name.
Final Rule of thumb : Always be CAUTIOUS when investing in projects that have retraced more than 90% from its ATH.
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BINANCE:DOGEUSDT BINANCE:DOGEUSD BYBIT:BABYDOGEUSDT MEXC:BABYDOGEUSDT
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.060, which it broke, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
DOGEUSDT at monthly support, likely to bounce upThe price has hit the monthly support MS1 again. It has done that several time in the past and this support has held the price since the drop started after hitting all time high in 2021. Everytime, the price has bounced from this support before the next visit of this support. The price is again at the same juncture and it is likely that the price bounces from this support again. The price may dip a bit further into this monthly support zone but eventually it shall reverse sooner or later from this zone. Therefore, a long from this zone is favorable. In case if the unlikely event of losing this monthly support happens, then it is likely that the price will visit weekly support around 0.009.
Treading the Bull-Bear TightropeAs of October 10, 2023, Dogecoin (DOGE) is priced at $0.05891, marking a minor pullback from its earlier attempts to breach the resistance level of $0.06459, and the month kicked off with DOGE breaking free from a descending triangle pattern, supported by an ascending trendline, sparking hopes for an uptrend. However, the failure to surpass the resistance quelled the bullish enthusiasm, dragging the price below the $0.06 threshold.
Analysis:
The technical indicators for DOGE earlier this month showed promising signs, with the Relative Strength Index (RSI) testing the overbought zone, indicating a solid buying and selling power. However, the inability to clear the near-term resistance suggests a lack of buying pressure at higher price levels. The Moving Average Convergence Divergence (MACD) painted a green histogram, signaling positive price action, but the recent price retraction calls for cautious optimism.
Recent News and Fundamentals:
Dogecoin's narrative this month also echoes the broader market dynamics. A recent downturn in the crypto market reflected a 2% price dip for DOGE alongside other assets like XRP and Solana.
Despite the uneventful trading pattern, machine learning algorithms project a modest price target of $0.060218 for DOGE by the end of October 2023.
The coin's position as the 10th largest cryptocurrency, boasting a market cap of over $8.6 billion, fuels speculative projections of a price surge to $0.098 by the year-end.
Most Probable Scenario:
The ongoing tussle between bullish and bearish forces is pivotal, with the $0.06459 resistance level acting as a significant barrier. Should bullish momentum regain traction, ascending past this resistance could set the stage for further upward movement toward the secondary and tertiary resistance levels. Conversely, a bearish dominance could prompt DOGE to retest the support at $0.05800, potentially delving lower if the broader market sentiment sustains a bearish tone. Amid the mixed market sentiment and recent fundamental developments, a keen eye on technical and fundamental indicators is imperative to navigate DOGE's unfolding narrative.
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.060, which it broke, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bullish breakout from Descending Triangle pattern. Price is retesting that breakout level now and if successful, it could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
The key is whether it can rise above 0.06403Hello?
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(DOGEUSDT chart)
(1M charts)
The key is whether it can receive support around 0.06135 and rise above the MS-Signal indicator.
If this is not the case and it falls, the HA-High indicator is expected to fall and be created.
At that time, it is necessary to check whether it is supported near the HA-High indicator.
(1W chart)
The key is whether it can rise above 0.08072.
To do so, it is necessary to check whether it is supported and rising around 0.05866-0.06807.
If it falls below 0.05866 and shows resistance, it is highly likely that it will lead to a further decline, so a countermeasure is needed.
(1D chart)
Although it is a section where the role of support and resistance cannot be said to be strong, the key is whether it can receive support and rise in the 0.06403-0.07746 section.
Accordingly, the key is whether it can rise above 0.06403.
If not, and it shows resistance around 0.06403, there is a possibility that it will fall to around 0.02826, so caution is needed.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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DOGE/USDT rome wasn't built in a day.-A lot of talking about dogecoin since 2020...it will reach one dollar, up, up, I'm bullish!! But let's be reasonable here, shall we...
the dogecoin launched in 2014 it took 7 years to reach the peak at 0.7$ (end of the first cycle)
-So is it logical to assume that the second cycle ends after 2 years of correction!!
-The historical data of the market gives us a sight of the correlation between the impulsive waves and the correct ones, it appears to take minimum 1/2 the time of the rally
-So I'm not wrong if I say that the drop hasn't ended yet
-The chart allows you to see just the wave analysis but trust me it's more than that, there's a geometrical analysis I'm not allowed to share so bear with me
-I will add an update after the B wave ends
-I'm not being pessimistic here, after the end of wave C we will see an impulse wave exceed 0.7$ to 3$
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bullish breakout from Descending Triangle pattern. Price is retesting that breakout level now and if successful, it could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Dogecoin (DOGE) has rallied after two days of decline.
DOGE/USD reached a peak of 0.06117 early in the day, following a low of 0.06027 a day earlier.
the move was made after DOGE bounced off recent price levels at 0.0600.
it looks like the next target will be around the 0.06369 area, which was last hit exactly a week ago.
To reach this point, price strength would need to climb above the current reading of 42.52, and move closer to the ceiling of 44.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
SHIBDOGE - pump doge by fractal and pattern to SHIB. You can see more details about the global chart in the related idea or next to it in the profile will be published with this idea. The last DOGE dump and then a strong decline and mega short. Locally you can watch longing, but globally you should think about DOGE positional shorting.
Is Elon Musk still rooting for DOGE?Hi Traders, Investors and Speculators of Charts📈📉
Here's a quick plan for DOGE, short term!
Dedicated BUY zones, dedicated SELL zones.. BUT, let the trade come to YOU. In other words, wait patiently until the price reaches the pre-planned zone before jumping in.
There's been lots of chatter about X (formerly Twitter) potentially utilizing DOGE in the future. Elon Musk himself has pimped out Dogecoin multiple times. But so far, none of those talks have come to realize. So for now, let's trade DOGE on technical setups instead of future fundamental potential!
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BINANCE:DOGEUSDT
DOGE: Descending TriangleDogeCoin (DOGE) technical analysis:
Trade setup : Price is in a downtrend , trading in a Descending Triangle pattern, with $0.06 acting as a triangle support trendline. We wait for a breakout, which could be soon. In case of a bearish breakout below $0.06, price would likely revisit $0.053. In case of a bullish breakout, price could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend . Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
DOGE Dogecoin Price Target|Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for DOGE Dogecoin is $0.053, where it will form a Double Bottom.
Looking forward to read your opinion about it!
🔻 DOGEUSDT 🔻 SHORT - September -17%DOGE 1-day Chart BINANCE:DOGEUSDT BINANCE:DOGEUSDT.P COINBASE:DOGEUSDT OKX:DOGEUSDT.P
Liquidity has been mostly cleared from the top.
I anticipate a 16% decline from the current position.
The nearest target is 0.05280.
I've marked local correction levels on the chart.
Wishing everyone profitable trading.
P.S. If you find this idea interesting, hit the "Rocket" 🚀 (👇). It would be greatly appreciated and motivates me to continue sharing my market insights.
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