DOGE / USDT : Poised for a breakout Doge/USDT: Poised for a Potential Breakout
Doge/USDT is gearing up for a potential bullish move as it approaches a key resistance level. The coin has been consolidating recently, setting the stage for a potential breakout. If the price can successfully break above this resistance, we could see a significant upward trend.
Key Insights:
* Resistance Level: Doge/USDT is currently facing a significant resistance level that has previously halted its upward momentum. A decisive break above this level could signal a bullish trend.
* Volume: Increased trading volume during the breakout can confirm strong buying interest and potential price acceleration.
* Technical Indicators: Positive momentum indicators like RSI and MACD can provide additional support for a bullish outlook.
Confirmation Signals:
* Clear Break Above Resistance: A decisive close above the resistance level on a higher timeframe (e.g., 4-hour or daily) is crucial.
* Increased Volume: A surge in trading volume during the breakout can validate strong buying pressure.
* Retest of Broken Resistance: A retest of the broken resistance level as support can further solidify the bullish trend.
Risk Management:
* Stop-Loss Orders: Implement stop-loss orders to limit potential losses.
* Position Sizing: Carefully manage position size to align with your risk tolerance.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
Dogeusdtanalysis
Dogecoin (DOGE) Consolidation Phase - READY FOR MASSIVE PUMP!Dogecoin’s (DOGE) current price of: $0.4046 has rebounded 480% from its August lows, including a 220% rally following Donald Trump’s presidential election victory in November 2024. However, the cryptocurrency has now entered a period of consolidation.
Therefore, DOGE is trading within a tight range of between: $0.36-$0.48, marked by white circles on the chart above, following its recent parabolic rebound. The consolidation phase mirrors the one from early 2021 when Dogecoin experienced a strong upward move followed by a sideways trend before another major breakout.
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DOGE to $1? Breakout Confirms Bullish Momentum! COINBASE:DOGEUSDT has broken out of a classic ascending triangle, signaling a strong bullish move. With MARKETSCOM:BITCOIN smashing through $100K and reaching new all-time highs, CRYPTOCAP:DOGE could be next in line for a significant rally. The breakout positions CRYPTOCAP:DOGE to target the psychological $1 level, marking a potential new all-time high. Traders should monitor support at the breakout zone and keep a tight stop loss to manage risk effectively. Always remember, risk management is key in volatile markets!
COINBASE:DOGEUSDT Currently trading at $0.45
Buy level: Above $0.44
Stop loss: Below $0.36
Target : $1
Max Leverage 3x
Always keep Stop loss
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DOGEUSDT.P | 2 Demand AreasThe 2 regions I indicated with the blue box can work as demand regions. It would make sense to buy from both. The low time interval reaction after falling into the box can also be a trading opportunity.
The price made a deviation above this range and with a movement of 8%, I would not be surprised if it wicks the box below and rises.
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DOGE Soars 1900% Gains at 10x Lev in Just Days!DOGEUSDT Trade Overview:
DOGE surged to incredible heights, delivering an astounding 1900% gain at 10x leverage. On the 4-hour timeframe, this long trade setup effortlessly achieved all targets, showcasing the power of the Risological trading system.
Key Levels:
TP1: 0.16661 ✅
TP2: 0.18170 ✅
TP3: 0.19679 ✅
TP4: 0.20612 ✅
Technical Analysis:
The entry point at 0.15728 was confirmed as DOGE displayed clear bullish momentum by breaking above the Risological Swing Trader . The continuation of the trend was supported by consistent volume and a strong upward trajectory, giving traders ample time to maximize gains.
Each target was systematically reached, with the final push breaking above TP4 and providing an exceptional profit for those holding their positions. The Risological system's ability to pinpoint entry, exit, and stop-loss levels precisely contributed to this massive success.
DOGEUSD looks overextended from big-rises. Sell or buy Dip
If you follow the stochastic's at all, esp. on higher timeframes, if you don't well that is fine, but I will share my tip, you never want to see K line (generally blue) crossing down on the D line if you are in a Long position, but an even further bearish possible move is when the K-line crosses down on the 80 Stochastic's level.
Now the fundamentals of the indicator are similar to the Relative Strength Index (RSI), anything above 80 and staying above 80 will become further overbought in a situation where there has been too much recent buying demand orders executed and as such sellers will usually move-in, but traditionally not until k Crosses-down on 80, getting to 75 will probably seal the deal short for sellers as this crossing of K needs to be a sustained crossing and needs to be moving down, this would occur much slower on a daily timeframe of course. Drop to lower timeframes and see what the oversold/overbought condition is for Stochastic's on lower TF's because the more confluence you have with the Daily the better.
It does not necessarily have to be on the Daily, but bigger timeframes carry bigger profits, generally, depending on SL position and risk/reward. Often, the first TF to meet the setup will be a lower TF, but profits can be made on a Crossing of the Daily chart, it would mean the trade is probably safer in higher TF, by that I mean trade goes your way in your intended direction, in this instance Short.
But here is the controversy of Stochastic X-ups (bullish above 20 level) & X-downs (bearish on a break of 80 lower), they are not very reliable when you are going against the trend.
For example, the DOGEUSD crypto has had a massive run lately since bitcoin reached around 75k, despite being at a great price, I believe, its price is overextended and considerably above the 200ema daily, so it becomes a sort of mean reversion situation where sellers form an idea from Stochastic's RSI Price action etc, that it's price needs to cool a bit as its overbought and too much current demand has driven the price too high, but here is the thing, shorting- Doge when its in a bullish uptrend with price above EMA's especially 200 will not be easy.
So this method works better when you are trying to move price (down or up) in the direction of the trend and the path of least resistance. One of the main reasons is because the RSI and Stochastic's give a mixed message when the trend is not your friend. This is because momentum is still to the upside long when above the 80 level on Stochastic's and RSI, momentum is still to the bearish downside when Stochastic's' is below the 20 level. This continued momentum can last a long time in these extended zones above 80 (bullish momentum) or below 20 (bearish momentum) but usually at some point a diminishing momentum occurs as the market forms an opinion that the instrument is overbought > 80 or oversold < 20.
So, the Daily chart shows how price is tipping over, right now a lot of other TFs showing bearishness as well on Stochastic's.
I hope this helps your understanding, a bit long but its a lengthy topic.
By the way, I don't think I will be selling DOGEUSD despite the reasons above, BTCUSD chart does not share this quality of bears moving in, at least not last time I checked a few hours ago.
OMG DOGEUSD is up over 25% again. Clearly undervalued.
I got in mostly around 0.16cents, I will disclose also, it's one of my biggest holdings.
DOGEUSD is hammering upwards in price again today. Don't write it off due to its comical naming, because it's chart structure is very defined, very bullish and it's a very tidy, organised chart. What you see is what you get.
The chart is all I really go by, they could be selling hotdogs and it wouldn't matter, this is going way past $1 VERY SOON. It's one the biggest star breakout performers since Bitcoin recently climbed and broke out beyond 75k.
DOGE hits three-year maximum. But will the bullish trend endure?Leading meme coin Dogecoin (DOGE) has experienced a remarkable price surge in the past few days. It currently trades at $0.28, recording an 88% price uptick in the past seven days.
This significant uptrend has propelled DOGE ahead of Ripple’s XRP in terms of market capitalization. With strengthening buying pressure, the meme coin is poised to extend its gains.
The Super Trend indicator tracks the overall direction and strength of an asset’s price trend. It shows a green line during uptrends and red during downtrends.
Sustained demand for the meme coin could soon push it past this crucial barrier. A successful breakthrough here would pave the way for a Dogecoin price jump to $0.39 — a high last seen in June 2021.
However, if profit-taking increases, Dogecoin could lose some of its recent gains and potentially drop to $0.19. Failure to establish support at this level may lead to a deeper decline, with DOGE falling toward $0.09.
#DOGE/USDT is up 123% already. It's just getting started!I posted about DOGE on August 9th when it was trading around $0.104, recommending an accumulation zone on the chart. The trigger zone was set at $0.11, and DOGE has since broken above long-term resistance, retesting the new support level for weeks.
If you bought the dip, you're likely seeing around a 123% profit from the low. Even if you didn't catch the exact bottom, most are sitting on 70%-90% gains, depending on the entry.
Here's why I believe DOGE can still perform well and possibly reach $1 in the coming days:
1. **Breakout Retest:** DOGE has broken out of its long-term accumulation channel and is now retesting that breakout.
2. **Weekly Doji:** A strong weekly Doji recently formed, suggesting increased buying pressure.
3. **Elon Musk Factor:** Musk could push DOGE again, potentially after this year's U.S. presidential election.
4. **Key Moving Averages:** DOGE is trading above the 200 EMA and is holding above the 100 EMA, signalling strength.
5. **RSI Indicator:** With an RSI around 55, there’s still plenty of room for growth.
6. **MEME Coin Season:** MEME coins, led by DOGE, are thriving this season, and the next bull run could further boost DOGE.
7. **Bullish Indicators:** Several technical signals suggest a potential bullish move.
My Plan: I’m holding DOGE on spot for the next 6 months and accumulating on any dips.
Remember, this isn’t financial advice. Do your own research before making any decisions.
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What do you think—can DOGE 5x from here, or is it just hype? Let me know your thoughts, and hit the like button if this was helpful!
DOGEUSD Pulling back for the SQUEEZE. How I do the squeeze!
Cryptocurrency DOGEUSD has been firing lately & Fomo stung me today as I keep seeing this thing go higher. Similar to SOLANA today DOGEUSD has really broken out of its 3 month range.
This is also stacked with the moving averages/ema's in their right spots and you will find that the 200EMA on Daily is below price where it needs to be for higher prices to follow.
Dogecoin Analysis==>>Bat Harmonic Pattern!!!Today, I want to analyze the Dogecoin(DOGE) project for you.
On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency.
Regarding Technical Analysis , Dogecoi n is moving near the upper line of the symmetrical triangle , Potential Reversal Zone (PRZ) , Resistance lines and 200_SMA(Daily) . So, Dogecoin faces some resistance.
Also, Dogecoin(DOGE) was able to make a Bearish Bat Harmonic Pattern .
I expect Dogecoin will fall to $0.119(at least/-10%) .
Dogecoin Analyze ( BINANCE:DOGEUSDT ), Daily time frame⏰.
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Dogecoin (DOGE) rally is possible?Dogecoin (DOGE) price correction from last week’s peak triggered a spike in long position liquidations, with traders losing $1.48 million against only $55.85k short positions liquidations. The downtrend implies that DOGE is back to where it was on Friday amid increasing chances of extended correction.
Dogecoin price sits below the 20-day Exponential Moving Average (EMA) after failing to break above the 50-day EMA resistance at $0.1127. Sellers have the upper hand at the moment motivated by the Relative Strength Index (RSI) retracement in the neutral region to 45. Should the RSI drop toward the oversold region, DOGE will overshoot short-term support at $0.1, advancing to seek liquidity at $0.1.
Dogecoin price prediction suggests that as long support at $0.1 holds, a trend reversal is highly likely. Moreover, the falling wedge in the daily range promises a 71.5% breakout to $0.18 if validated. A falling wedge is a bullish reversal pattern validated by a breach of the trend line resistance. Traders will place buy orders above the breakout point and set the stop loss below the trend line. A rapid increase in trading volume will add credence DOGE price uptrend.
Long Setup on DOGEUSDT / (Volume projection)BINANCE:DOGEUSDT
COINBASE:DOGEUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾Sorry, TP1 already realized.
⚡️TP:
On the chart
➡️SL:
0.01205
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Please Like and Leave a comment, Let me know what is your idea on this setup!