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Dogeusdtanalysis

Dogecoin on weekly and hourly charts💥Hello, guys! ☺️Today let's take a look at two timeframes of Dogecoin: the weekly and hourly. We'll try to determine the price movement in the short-term, medium-term, and long-term perspectives!💪 🐕Dogecoin is a coin that evokes mixed emotions: some adore it, some hate it. Some have become very wealthy because of it (like Elon Musk, for example, haha😄), while others have lost a significant amount of their wealth (Hi, Elon🤨). The most important thing is not to succumb to the hype and not to buy the coin, when it is clearly overbought . Let's take a look at the weekly Dogecoin chart. What can we see there? ✔️Adding the RSI indicator to the chart, we can clearly see, that the coin is overbought , which is not the best signal for buying. It needs some rest. 😌 🟣 My advice : place several buy orders in the range of 0.097 - 0.139 and don't rush. Just observe. That's for the long term perspective ! Now, let's look at the hourly chart and see what awaits us in the short-term and medium-term perspectives for Dogecoin. What do we see here? 🧐A channel has formed (since the end of February). And the price is confidently moving within this channel. It can be assumed, that in the near future, we may see the Doge price at the support of this channel at approximately the 0.16 mark. Friends, how do you feel about Doge? Love it or hate it? Let's discuss in the comments! Thanks for Your attention🫶 Always sincerely yours, Kateryna💙💛
POLONIEX:DOGEUSDShort
by RocketBomb
3
DOGE/USDT Breakout the Descending channel. Upward Momentum ??💎 DOGE's recent market performance has been quite notable. After breaking out of a descending channel, DOGE is now undergoing a retesting phase at the trendline of the same descending channel. 💎 If DOGE successfully bounces during this retesting phase, it probability could signal a continuation of the upward movement, potentially reaching a significant resistance target. 💎 However, should DOGE fail in its retesting phase — meaning the candle retreats back into the pattern — it may indicate a false breakout. In such a case, DOGE could retreat to the demand area to gather momentum for another attempt at breaking out. 💎 The demand area is a critical point for DOGE. A failure to hold this level and a breakdown of the demand zone could suggest a shift back to a bearish trend. DOGE needs to exhibit a bounce from this area to maintain a bullish outlook. 💎 If it breaks down through this demand zone, the next likely downward target would be the Bullish Order Block (OB) area, with a possibility of descending even further.
by MyCryptoParadise_Nathan
1
DOGEUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. increased risk(dogshit token) Entry: Market and lower Targets: 0.11 - 0.13 - 0.15 Stop: under 0.068 (depending of ur risk). RR: 1 to 4 ALWAYS follow ur RM. risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
#Doge #UpdateFortunately, we reversed the position in time in the previous post. In the 5-minute time frame, there are correction waves of wave 1 or A, which will have an upward correction after the completion of wave B or 2. that you can enter the continuation of the sell position in pullback. But in the higher time h2, as you can see in the chart, wave 4 of the upward correction has been completed and in wave 5 the correction is the continuation of the structure. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.
Short
by alikze
DOGEUSDT.1DBased on the given market data, DOGE/USDT is currently trading at $0.078. The 4-hour chart shows an RSI of 0.0 which signifies an oversold condition and could possibly result in a price rebound. The MACD is at 42.76 indicating a strong bullish trend in the short-term. The Bollinger Bands are at $0.081, which is slightly above the current price indicating a potential upward price movement. The support levels are set at $0.077, $0.074, and $0.070, while the resistance levels are at $0.081, $0.084, and $0.087. The current price is just above the first support level, which could indicate a potential upward movement if the price holds above this level. The 1-day chart shows an RSI of 44.32 indicating a neutral market condition. The MACD is at -0.0017, which could signify a potential bearish trend. The Bollinger Bands are at $0.086, which is slightly above the current price. The support levels are at $0.074, $0.065, and $0.061, while resistance levels are at $0.091, $0.098, and $0.1045. The 7-day chart shows an RSI of 51.63 indicating a balanced market condition. The MACD is at 0.004 showing a slight bullish trend. The Bollinger Bands are at $0.10, which is well above the current price. The support levels are at $0.074, $0.061, and $0.052, while resistance levels are at $0.1087, $0.1278, and $0.1590. In conclusion, the short-term trend (4h chart) appears to be bullish with potential for upward movement, while the medium and long-term trends (1d and 7d charts) appear to be neutral to slightly bullish. However, as always with cryptocurrency, the market is highly volatile and unpredictable. It's advised to use this analysis in conjunction with other market indicators and your personal risk tolerance before making any trading decisions.
by MarsSignals
#Doge Breakdown of the density of the Elliott triangleIn time h2, after a complete correction cycle and the construction of a double bottom, an Elliott triangle has broken upward, which can have a growth up to the previous supply area. Therefore, with the loss limit below the triangle, it is possible to make an upward movement to the previous supply area to collect liquidity. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.
Long
by alikze
Doge/Usdt 25-50% Bullish Move Expected Doge/USDT: Market Structure Shifts Bullish. The Doge/USDT market has witnessed a significant shift in its structure, with a strong bullish momentum taking hold. While it is important to note that this analysis does not constitute financial advice, several indicators suggest the potential for a 25-50% bullish move in the near future. The price of Doge/USDT is currently attempting to break the resistance of the trendline on the 4-hour timeframe, further supporting the notion of a robust upward trend. Stay updated on the price action and market developments to assess whether these indications materialize. Make informed decisions based on thorough research and seek professional financial advice when necessary.
Long
by Crypto-By-Ghazi
DOGE DOGECOIN Technical Analysis And Trade IdeaIn recent times, DOGE has showcased a robust bullish trajectory. This video meticulously delves into the Dogecoin trend, intricately scrutinizing price action and pinpointing potential trading opportunities through a comprehensive evaluation across both the weekly and daily timeframes. Expect a thorough examination of price dynamics, market structure, trend analysis, and pivotal technical analysis elements. It's imperative to highlight that the information presented is strictly for educational purposes and should not be misconstrued as financial guidance.
Long
by fxtraderanthony
DOGE → Breaking Resistance to $0.10? $0.15?? Let's Clarify.Dogecoin is knocking on the door of the Resistance Zone looking to hit the next price targets. We're currently in an ascending triangle which is bullish, will Doge break out? How do we trade this? 🤔 There are several reasons to be bullish; Bullish Macro Trend, Ascending Triangle pattern, Above 30EMA and 200EMA Ribbons, RSI above the Moving Average, and Bitcoin broke out of its Weekly Resistance. That's quite the list of reasons to get long! But should we long now? There is one important reason we shouldn't long; we're at resistance. Never long resistance! We should wait for resistance to be broken and then tested as support before entering a long position. Once broken and support has been tested, long around the $0.89 area and set a 1:3 Risk/Reward. I recommend selling half of your position at 1:1 Risk/Reward, moving the stop loss up to your entry price, then swinging the rest of the position to at least 1:3 Risk Reward or until you see a reversal signal. The immediate target after breaking resistance is $0.10 but if the market takes off, we could see highs up to the next major resistance around $0.15. 💡 Trade Idea 💡 Long Entry: $0.888 🟥 Stop Loss: $0.8620 ✅ Take Profit #1: $0.9140 ✅ Take Profit #2: $0.9666 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Ascending Triangle, Bias to Long. 2. Two Rejections, Third one is underway. 3. Wait for a Break of Resistance and a Test of Support Before Longing. 4. RSI at 63.00 and below Moving Average, Short-Term Bullish. 5. Long Above Resistance, Stop Loss Below Resistance Zone. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
DOGE will decrease by 20%, then does the magic as always.Hi Traders, Just some basic weekly candlestick check. We saw a brutally nice red hammer at the top of the trend. This symbolize a massive price decrease in the short term (1-3 weeks). Stoch RSI is already showed that we will go down. Also, the Ichimoku cloud is read and thick as hell, which basically means that it is barely impossible to go above or into that level. This is the rule how we should read the indicator. I expect a price decrease around 10-20% and then a massive increase. Check my BTC idea also, because the market is still led by the big pappa, the BTC. :) Best of luck.
Short
by Arokthomasso
2
DOGE to $0.10!? A Long Setup for Maximum Profit!DOGE continues to march upwards in its month-long bull run and has its eye on $0.10! If you're not long yet, prepare yourself for a long entry that could return up to 50% profit. To get there, we need to assess our current risk/reward ratio and probability of profit. How do we trade this? In a bull channel, our bias should be toward the upside since the probability of profit is greater. That doesn't mean we long right now at $0.08, our Risk/Reward would be about 1:1. The better long entry is at the bottom of the bull channel around $0.75, which allows for a 1:3 Risk/Reward ratio if we target just shy of $0.09. Not only does the price need to fall to $0.075, but we also need a strong bull signal and confirmation bar for a long entry. The signal bar will have a tail 1/3 to 1/2 the total bar size with the price closing on or near its high. The confirmation bar should be a strong bull bar closing on or near its high. This would be the safest long entry because it secures a higher probability that the price will continue to respect the bull channel. Key Points 1. Bull Channel, Probability of Profit is greater to the upside. Always in Long. 2. Price in Center of Channel, wait for a pullback to enter long. 3. Bitcoin Leading Indicator, Risk of Pullback. 4. RSI around 50.00, wait for it to fall between 35 and 40 to long. 5. Wait for a Strong Buy Signal at $0.075 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering
The breakout confirmation of the descending wedge on DOGE Hello everyone! DOGE has been in a prolonged sideways movement for exactly a year with gradual decrease in peak price values and updating of local lows. This movement formed a descending wedge formation, and upon breaking out of this formation, the price should reach the range of the widest part of the pattern, which is also confirmed by Fibonacci levels. If a position is opened from the current values, the expected profit is 66%. If an entry is made from the 0.236 Fibonacci level, the expected profit is 51%. This is not financial advice, and everything you do is at your own risk!
Long
by neverovv