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DOGEUSDT.P trade ideas

DOGE FACING A TRIPPLE RESISTANCE Like many other coins, DOGE recently found its local support at a long-term support line 10c. At this level, DOGE bounced nicely. However, the reversal was rejected at the 0.128 resistance. Contrary to many other altcoins, DOGE is facing triple resistance. As a result, it will be harder to break through, but if it does, DOGE can easily rally 25%. Here are the details 👇 1️⃣ Chart Setup DOGE is at a crucial point where three significant resistances come together: - The EMA200 as a long-term trend line - The resistance line of the downtrend that started in April - The long-term support/resistance at 0.128. If DOGE breaks through these resistances, it will quickly rally to the next significant resistance at 0.165. 2️⃣ Technical Indicators Again, similar to many other altcoins, DOGE's momentum indicators are overbought on the daily chart due to the recent relief rally. Therefore, the current consolidation will help to return to neutral zones before an attack of the resistance can start. 3️⃣ Trade Signals On higher timeframes (1D, 1W), DOGE hasn't flashed any signals lately. Most signals indicated the current consolidation at lower timeframes and haven't changed since then. 4️⃣ AI Forecast The AI Forecasts are indecisive. While the Deep AI Forecast predicts a correction to the 10c level, the Pattern AI Forecast predicts a price increase of ~20%. ✅ What To Do? The following steps are pretty obvious: Wait for the mentioned resistances to break. If this happens, a long entry should be more than safe. In case of a rejection, the Pattern AI Forecast might be correct, and 10c might come back into play. #doge⚡ #analysisreport
by ben_walther
DOGE has formed a Pretty Big falling wedge Pattern!...BINANCE:DOGEUSDT is forming a falling wedge on daily timeframe , Up we go if we do breakout. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
5
Alikze »» DOGE |Descending channel movement scenario🔍 Technical analysis: Descending channel movement scenario - According to the analysis presented in the 4H time frame in the previous post, it faced selling pressure after hitting the supply zone and failing to break it. - The projected downward path is in accordance with the movement path after the break of the green box area, and touched the 0.12590 area and the second green box area. - But currently, according to the correction structure, if the green box area is broken, the correction will continue. - Therefore, as long as it is below the Fibo area of ​​1.618, the first target close to it can be the range of 0.097 and then the specified Fibo 100 range of 009214. Considering that it is moving in a descending channel, the Fibo 100 zone can collide with the bottom of the descending channel. 💎 Alternative scenario: In addition, if it can stabilize the neckline or Fibo range of 1.618 towards the break and above it, it can be the first target of the ceiling of the descending channel and the range of 0.1464. »»»«««»»»«««»»»««« 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. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Short
by alikze
8
DOGE ANALYSIS🔮 #DOGE Analysis - Breakout 🚀🚀 💲💲 In 12hr Timeframe,Falling Wedge Breakout is Done✅ But right now we can see that #DOGE is trading around its crucial resistance zone and if #DOGE breaks this resistance zone then we would see a bullish move 💯🚀 💸Current Price -- $0.11880 📈Target Price   --  $0.22075   ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #DOGE  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
#DOGEUSDT Bullish & Bearish Scenario🔹In July 3, BINANCE:DOGEUSDT price fell from $0.12551 to the support level at $0.10546, even with the bears pressure to push price lower to $0.0920, the bulls won against the bears and successfully kept the price above the support level. 🔸But for the past week the bulls hasn't been able to push the price higher which makes room for two scenario that is likely to play. 🔹The first scenario is that the bulls currently have the upper hand, if we pay attention, the RSI is at 38 and the 50 MA is still above the 200 MA, this can help the bulls push the price above the 200 MA ($0.1308) and the support placed at same level and reverse the 4 months long trend. 🔸From there buyers can set target at $0.1364 (50 MA), $0.1616, $0.1741, $0.2054 and $0.2284. 🔹The second scenario says the opposite, the bulls will not be able to sustain the current price and the local support level will crack sending down to $0.0909, $0.0776, $0.0684 and $0.0587. Zanzibar Trading
by Zanzibar_Trading
DOGE → Fall to $0.10! Are We Heading Back to $0.30? Let's AnswerSince my April 13th update, DOGE has fallen into a pullback, as expected. We found resistance at $0.225 and then pulled back in two strong legs. Should we be bearish or bullish on DOGE? How do we trade this? 🤔 As expected, DOGE found resistance at the 2021 resistance area of below $0.29 after three strong pushes up followed by a head and shoulders reversal pattern on the Daily chart. That reversal pattern played out into a two-legged pullback, leaving us near the Weekly 200EMA support at around $0.10. I think we can expect to continue testing this support area for a while. I do not believe we will break and hold below $0.10. I would not enter a long just yet. What we need now is two or three tests of the Weekly 200EMA support area around $0.10, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:3 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in DOGE. A final point of data is the RSI low and below the moving average of around 43.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us. 💡 Trade Idea 💡 Long Entry: $0.10975 🟥 Stop Loss: $0.07210 ✅ Take Profit #1: $0.14725 ✅ Take Profit #2: $0.22275 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Three legs up toward a resistance zone after a breakout 2. Head and Shoulders reversal pattern 3. Two-legged pullback to Weekly 200EMA Support 4. Wait for a double-bottom followed by a strong signal and confirmation candles 5. RSI at 43.00 and below the moving average. Supports waiting for a long entry. 💰 Trading Tip 💰 Ascending Wedges signal an increased probability of a bear breakout. Combined with three pushes up in a bull trend and strong sell bars (candles with large wicks on their tops), creates conditions where a counter-trend trade is reasonable. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
DOGE/USDT 1DintervalHello everyone, I invite you to review the chart of DOGE in pair with USDT on a one-day time frame. Let's start by defining the falling triangle in which the price is moving using the yellow lines. You can see here how the downtrend is starting to gather divergences. Going further, we will mark support lines and as you can see, currently the price remains at a strong support level of $0.105, but if we start to fall further, the next support is at $0.086, then at $0.074 and then $0.061. Looking the other way, we can similarly determine resistances, as you can see, we should encounter the first resistance at the level of $0.124, then around $0.144, then there is a strong resistance zone from $0.16 to $0.177, only after breaking above this zone the price will could continue to grow. Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines.
by cryptodailyuk
3