Alikze »» PEPE | Support of the bottom of the ascending channelAt 8h, it is in the trading range area, which has good reactions to the supply and demand areas.
💎 Currently, it is moving to the supply zone in an upward channel, which has faced a temporary correction after the negative reaction to the zone. But if it maintains the area of 0.00000894, it can break the supply area and continue its growth until the next supply area.
💎 Alternative scenario: In addition, if the bottom of the channel breaks the indicated area, it can continue to correct the demand area.
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Doge
DOGE — RSI Signal 1D Chart — 28% Potential + High Reliability!Amongst many other tokens, DOGE flashed a promising bullish RSI signal on the daily chart.
The trade potential has been calculated at 28% based on significant resistance levels.
Looking at the backtest data, the RSI signal for DOGE proves to be quite reliable on the 1D chart. 92% of historical signals lead to gains of 5%. Moreover, gains of >10% were possible in 88% of historical signals.
Trend indicators are mainly bearish (similar to most other altcoins at the moment). However, many momentum indicators, such as the RSI, WillR, Stochastic RSI, and others, provide oversold signs.
DOGE and AIBased on the technical data from the attached DOGE/USDT chart, it can be inferred that the price is likely to decline. Here is the technical analysis, including a breakout from a massive bear flag formation, and AI model testing with a 14-day prediction:
Technical Analysis:
Support and Resistance Levels: The price is moving between two key support levels (tp1 and tp2). A break below these levels could signal further decline.
Trend Lines: The long-term uptrend has been interrupted, and the price is now moving lower below a descending trend line.
Bear Flag Formation: A massive bear flag formation is visible on the chart. The price has broken below the lower line of this formation, which is a strong bearish signal indicating a potential further decline.
Indicators:
RSI (Relative Strength Index): RSI is moving in the oversold area (below 30), which may indicate a potential price drop.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, and the histogram shows negative values, indicating a bearish trend.
Volume: The trading volume is decreasing, which may indicate weakening momentum.
AI Model Testing:
Model Prediction: The AI model was trained on historical DOGE/USDT data, and its prediction for the next 14 days suggests that the price is likely to decline.
Price Prediction: The model predicts that the DOGE/USDT price will reach the tp1 level in the first week and may continue down to the tp2 level in the second week.
Prediction Reliability: The prediction is supported by both technical analysis and the model's results, which have been tested on similar historical trends.
Based on the above analysis, including the breakout from the massive bear flag formation, and the AI model, it is likely that the DOGE/USDT price will decline over the next 14 days.
TRADING TIPS That SERIOUS Traders Know ( ͡° ͜ʖ ͡°)Trading can be like... following a diet🥨
You need a clear plan, but also some space for cheats. If you're prone to jump-in trading, have some funds available for it - trading should be fun! Take that risk. But plan for it. If you've spent your 10% high risk capitol for the month/quarter, then that's that.
- Look for Fractals
Fractals in higher timeframes such as the weekly are often reliable, as it points towards the cyclic nature of the market.
How did I make +118% on SOL? By following a fractal from the previous bull market:
- Learn Elliot Wave Theory
From the DOGE chart, we can see that Point 5 is not going to happen. (not that it won't happen at all, but just that it won't happen for the short term). How do I know this? ...Elliot Wave Theory. The EWT tells us that if point 4 retraces beyond point 1, the bullish impulse is invalidated. We are now more likely to slow bleed down to Point 2.
- Look for Reliable Patterns
Sometimes, certain patterns can be seen moments before they are finally "finished" forming. It's important to know the rules of these patterns, and trade reactively.
I knew where to short ETH. How did I know? The M-Pattern:
Deep Dive guide on Pattern-Trading here:
- Learn to Manage Risk with Leverage
Let's not duck around - Trading is risky but crypto trading is VERY RISKY. Make sure you have a strategy.
- Learn To Trade the Rotations
There's a secret pattern in the relationship between Bitcoin, Bitcoin Dominance and altcoins by market cap. Make sure you understand it before you take a leveraged trade:
- Pick a few Technical Indicators and STICK TO THEM
It's tempting to use whatever new indicator is the flavor of the day... but how will you ever learn the secrets? Technical indicators have "secrets". They look different on different markets. For example, SOL can be "Extremely Overbought" without correcting much for an extended period of time, where as Bitcoin usually corrects when the "Extremely Overbought" signal flashes. (This is an observation from using one indicator on many charts).
Personally, I love Bollinger Bands, Moving averages and Cryptocheck START V3.5 as my combo indicator.
That's how I called the beginning of the new Bullish season in November 2023:
It's important to note that none of these strategies are 100% fail proof. Even the best Wallstreet traders average on 58% per annum.
Stop trying to follow people who claim to make +1000000....% per annum. Often, these guys have lots of money to lose, in other words it's more a fly-by-night than studying charts for consistent wins.
As long as you're making more than interest rates from a fixed deposit at the bank - you're winning!
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Is it time for DOGE?Exactly 2 weeks ago I posted the idea about BINANCE:DOGEUSDT might check 0.13 area and complete Elliot Wave theory. All profits are taken. Now it is a time to observe and wait patiently.
There are a few things I would like to see:
1. Close a candle above 0.13 in 1D TF.
2. BOS or CHOCH movement.
3. Volume.
4. CRYPTOCAP:BTC.D to decrease.
BONK vs BITCOIN logical circle analysisIn the big picture, extremely BULLISH. Bonk is still a baby, his future is still ahead.
It can be seen that the bonk coin follows the logical rhythm of btc, which is important to me. The last three waves have been logical and also the unfinished fourth. Gives the probability that the next waves will be in the same rhythm.
I tried btc 100k+ to see what level bonk coin is and it was more difficult than I thought at first. Let's say today bonk is above 0.0001 when btc is 100k+, analyzing step by step will give us a better answer in the future. 0.0001 is the minimum set today, which may change in the future.
It is also complicated by the fact that it is not clearly known how much btc is over 100k.
btc 100k+ is step 1, there is also step 2 and it is 250k.
Many of my analyzes see a buy in May or June, possibly the same for the bonk coin.
3d chart
I could be wrong, I only show what I see, MoralDisciple
DOGEUSD 1H Long Trade - 1:6 RRRPair: DOGEUSD
Action: Buy
RRR: 1:6
SL: 0.13470
TP: 0.19570
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
Alikze »» BABYDOGE | Wave 3 or C scenarioIn the previous analysis, we saw a 50% growth.
But it is currently facing selling pressure in the supply zone, which we expected to move up to the specified zone according to the survey.
💎 Now, according to the structure and behavior of the current movement, it is in wave 4 of 3.
💎 Therefore, if the demand area does not break down and in the range of 0.000000001864 the support area faces renewed demand, we will expect a break in the supply area for the targets of 1.618 and 0.000000002900
💎 So if this movement path is realized, it will have the ability to reach the specified supply area.
💎 If the support box area is broken, the specified movement path will be invalid and must be re-examined and updated.
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HOW CAN YOU BE BEARISH?? DOGEWhen you are in doubt, zoom out. Always. You need to have a plan and here the plan is simple: buy the dip and hold. Dogecoin is NOT BEARISH and will not drop to new lows. As you can see, chart is clear. One year bearish phase, followed by two years accumulation phase. We have just come out from the bearish phase and we have around 10 months of bulls. We will probably see new ATH before 10 months, and if you are bearish, please, just scalp like I do sometimes
Meme Coins Up Next? Doge DogecoinWill Elon lean into Dogecoin like Roaring kitty(Keith Gill) leaned into GameStop( NYSE:GME )? Meme Stocks are taking off again. What about the meme crypto coins? Is it time to start looking into crypto trades? Doge is finding support at the 200 and 100 EMAs. Doge just needs to breakout to the upside. Doge is one to watch. If you are not into direct crypto, look into Coinbase( NASDAQ:COIN ) stock, bitcoin ETFs or Meme crypto miner stock.
$DOGE Set for 3,000% Surge Dogecoin Set for 3,000% Surge
Dogecoin, the leading meme cryptocurrency, is positioned for substantial growth. Although similar predictions have previously triggered FOMO (Fear of Missing Out) among investors, this time the potential upside appears more imminent.
Key Points:
Cycle Pattern: Dogecoin exhibits a distinct cycle pattern. It often remains flat for extended periods before breaking out and surging parabolically. Investors can either buy during the pump, taking a higher risk as momentum may soon decrease, or purchase during downturns and hold until the next significant surge, maximizing returns. The latter strategy presents today's opportunity.
Memes on the Rise: As new meme coins emerge, investors hope for significant gains. However, Dogecoin remains the most established and reliable meme coin, making it a safer bet for substantial returns.
Elon Musk's Endorsement: Elon Musk has indicated that Tesla will accept Dogecoin. Additionally, Dogecoin is set to be integrated into X.com, Musk's major social media platform. Notably, Dogecoin is the only cryptocurrency held by Musk, the world's richest person, underscoring its potential.
DOGEUSDT.1DAnalyzing the DOGE/USDT daily chart, I've drawn several observations based on the displayed technical indicators and price patterns:
Support and Resistance Levels: The current price of Dogecoin is oscillating around $0.14596, which is slightly above the support level (S1) at $0.13777. The next significant resistance levels are R1 at $0.16548 and R2 at $0.21101. The support and resistance levels are crucial for predicting potential turning points or continuation of the price trend.
Price Patterns: The chart exhibits some consolidation after a drop, indicating indecision in the market. This consolidation near a support level could suggest that buyers are beginning to see value, potentially leading to a price rebound.
Technical Indicators:
Relative Strength Index (RSI): The RSI is near 50, which generally indicates a neutral market condition. This positioning suggests that the price could swing in either direction, depending on market dynamics.
Moving Average Convergence Divergence (MACD): The MACD is relatively flat and close to the zero line, indicating a lack of strong momentum in either direction. This could suggest a period of sideways movement or the potential for a trend shift if a catalyst occurs.
Trading Strategy: Considering the price is near a significant support level, this might be seen as a buying opportunity for those speculating on a rebound towards R1. However, it's essential to set a stop-loss slightly below S1 to protect against a potential break lower, which could see the price moving towards S2 at $0.12214.
Risk Management: Effective risk management is critical given the uncertain market conditions indicated by the RSI and MACD. Traders should ensure their trading plan includes predefined risk parameters, adjusting position sizes and stop-loss orders to manage potential downside.
Conclusion: DOGE/USDT presents a moderate risk opportunity with the price near key support. A bounce off this level could offer a short-term trading opportunity with a target at R1, while a break below could lead to further declines. Given the flat MACD and neutral RSI, traders should remain cautious, monitoring for any changes in volume or news that might influence price direction. This approach ensures preparedness for both potential upward movement and continued downside risk.
The Wick Phenomenon: How and Why Big Wicks Get FilledIn trading, wicks on candlestick charts represent the highest and lowest prices during a given time period. Long wicks can often be seen as a sign of market indecision, but they also tend to get filled by subsequent price action.
This phenomenon occurs frequently and can provide valuable insights for traders looking to capitalize on price movements.
In this article, we’ll explore how and why big wicks get filled through practical examples.
Understanding Wicks and Their Significance
Wicks, also known as shadows, appear on candlestick charts when the price moves significantly above or below the opening and closing prices within a specific time frame.
A long upper wick indicates that prices were pushed up but then fell back down before the close, showing selling pressure.
Conversely, a long lower wick suggests that prices were driven down but then recovered before the close, indicating buying pressure.
Usually, at least 50% of the wick will be filled, and sometimes the entire wick will get filled before the reversal happens.
Why Do Wicks Get Filled?
1️⃣Market Psychology: Traders often see long wicks as areas of interest. For instance, if the price reaches a high but then falls, traders might anticipate a retest of that high.
2️⃣Liquidity Zones: Long wicks indicate areas where a lot of trading activity took place. These areas are often revisited as the market seeks liquidity.
3️⃣Mean Reversion: Prices tend to revert to their mean over time. A wick can be seen as a deviation from the mean, and the subsequent filling of the wick is part of the reversion process.
How To Trade It?
It all depends on your trading plan.
Here are some options:
Aggressive traders can buy/sell immediately after the wick has been formed.
Semi-conservative traders can look for a reversal pattern on a lower timeframe to confirm it.
Extra conservative traders can wait for the candle with the wick to be broken from the other side before entering.
Additionally, considering more confluences like key levels, market structure, and the overall trend will give you a better edge.
Why Now?
You might be wondering why I am posting this article now.
As you may have noticed, we had a dip yesterday, giving us a practical example on many altcoins and stocks. For this example, I have chosen DOGE, 4H chart.
I hope you like the content and found it useful.
Are you taking wicks into consideration in your trading plan?
If yes, how?
If not, why?
What would you like me to discuss next?
Always remember:
📚 All Strategies Are Good; If Managed Properly!
~Richard Nasr
$DOGE inverse H&S to send price up 30%+First off, this is a high risk move because of my competing thoughts w/ BTC having a big move lower soon.
But as you can see from the chart, price has formed an inverse head and shoulders and is in the process of breaking out. Should price be able to sustain above the trendline, then it's likely that we see the upper resistance get hit.
I think the move would need to happen in the next few days. If it doesn't play out by Sunday (and potentially even soon, I'll cut my long).
Let's see.
Honestly, I don't feel like explaining because the chart says itHi.
BINANCE:DOGEUSDT
DOGE is testing the top of symmetrical triangle on Daily timeframe
Up We Go if we manage to break upwards🐃
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 AB=CD
🟢symmetrical Triangle
❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅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!!
Dogecoin (DOGE) Technical Analysis and Trade IdeaDuring the recent rally, Dogecoin (DOGE) exhibited significant bullish momentum. In our video analysis, we explore a potential buy opportunity, provided that price action aligns with our entry criteria. Let’s closely examine the 1-hour chart:
Market Structure Breakout: The previous bearish trend has been disrupted by a bullish breakout in market structure.
Long Bias: While my bias leans toward a long position, it remains contingent on price action developments retracing into my Fibonacci zone, as outlined in the video.
Please keep in mind that this content is for informational purposes only and does not constitute financial advice. Make independent trading decisions based on your risk management strategy. 🚀📈
Could we get better position to enter?This is my idea of how DOGE will go in near future. I think DOGE is still consolidating like BTC, looks like we might see little pullback to 0.12-0.13 area. That means completing 5 waves of Elliot wave theory. 0.13 might sound awful for those who invested in, but if DOGE ever hit 0.12 area again that means checking that area 3rd time and its gonna be huge confirmation to go up, maybe even higher high. Unless DOGE could close candle above 0.18 in 1D and 1W timeframe it is most likely to go down before the big impulse.