With break patternHere is an analysis of the Dogecoin (DOGE/USDT) chart📊
Key Levels:
1. Support Base : Around 0.09371 USDT , this area acts as a significant support where the price has previously bounced back. 🛡️
2. Resistance Levels :
- The chart shows 0.10791 USDT (marked as TP-2) acting as a resistance point, which has been tested several times. ⚔️
- Higher target levels (TP-3 at 0.11360 and TP-4 at 0.12016) indicate potential for bullish movement if the price continues upward. 📈
Pattern:
- Again Pattern : The chart highlights an "again pattern," suggesting a potential repeating price structure near the 0.10791 USDT resistance zone. This could be a reversal or rejection point. 🔄
- Trendlines : A downtrend is drawn from the top near the resistance, connecting lower highs, making it a critical point to watch for a breakout. 📉
- Consolidation : Price seems to be consolidating near the trendline, which typically indicates a potential breakout. 🔍
Potential Strategy:
- Entry Point : Current price around 0.10223 USDT shows consolidation near a key trendline. A breakout above this trendline could signal a bullish move. 🚀
- Risk/Reward : The suggested "Save profit in R/R=2" indicates a risk-to-reward ratio of 2:1, targeting higher levels (TP-1: 0.10541, TP-2: 0.10791). 💰
- Stop Loss : The red zone around 0.10059 USDT indicates a stop-loss area, below the current consolidation, protecting against downside risks if the price fails to break out. ❌
Conclusion:
This chart presents a bullish outlook if Dogecoin breaks above the trendline. A potential breakout could lead to targets near 0.10791 USDT or higher. However, caution is necessary if the price drops below the 0.10059 USDT stop-loss level. ⚖️
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📊 Analysis by AhmadArz
🔍 Entry : 0.1035
🛑 Stop Loss : 0.1005
🎯 Take Profit : 0.1054, 0.1077, 0.1136, 0.1201, 0.1260
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Dogecoinanalysis
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!
DOGEUSDT ( REMAIN ABOVE TURNING LEVEL ) ( 4H )DOGEUSDT
HELLO TRADERS
in the last chart as mentioned if the price breaking turning level active the upward trending , currently price remain above a turning level .
Tendency, the price trading above turning level at 0.099, this makes the upward direction active.
Upward Zone : currently the price remain turning level at 0.099 , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 0.115 , then by closing 4h candle above it reach resistance level (2) at 0.128 .
Downward Zone: by breaking turning level around 0.099 , the price dropping to reach a support level (1) at 0.091 , to confirm downward , the price need breaking 0.091 by open 4h candle below it to reach a support level (2) at 0.080 .
TARGET LEVEL :
RESISTANCE LEVEL : 0.0115 , 0.128 .
SUPPORT LEVEL : 0.091 , 0.080 .
DOGECOIN on the rise! Let's goo!Hello traders!
At this very moment, we can feel some recovery after the market has been retracing and even piercing ATL on several coins. DOGE, however, has remained very solid and true to its uptrend. I've marked a certain confluence zone that could give us a hint as to what may happen.
1) We can see that when the price hit the 0.22 zone, it started to decline and range inside a triangle pattern. This pattern has never been broken on either side, so we can say the price has been in equilibrium for a long time now. Recently, the price bounced off the lower band of the triangle, creating an opportunity for us.
Possible confirmations would be a breakout of the downward trendline as shown in the chart above, followed by strong volume and a successful re-test.
2) TARGETS: The nearest one would be 0.16, which would act as a supply zone. After that, the wave is complete. We should wait to see how price reacts to the zone to confirm if the bulls will still be in control to drive the price even higher or if the steam is over and most likely will enter a ranging phase.
This idea is to spot for the long term. This asset is still in balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that there's a triangle pattern playing out right now.
I hope you find it useful and are able to take advantage of this idea.
Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio.
Keep it shiny ⭐
Kina, The Girly Trader
#DOGE printing beautiful DOJI ready for 10x this season?DOGE has been trading within this channel since February 2021, over 1,127 days, until it broke out with a massive candle in February 2024. Since then, it has been retesting the breakout.
Here’s why I believe DOGE can 10x to nearly a dollar:
1. Breakout above the long-term accumulation channel, currently being retested.
2. Printing a strong weekly Doji, signalling significant buying pressure from the bulls.
3. Elon Musk is likely to shill it after the presidential election this year.
4. Trading above the 200EMA and battling to stay above the 100EMA.
5. RSI below 45 indicates plenty of room for growth.
6. MEME coins have been outperforming solid projects this season, and I believe DOGE will lead the charge in this bull run.
7. Multiple indicators are suggesting a bullish move is on the horizon.
My strategy is holding on spot for the next 6 months and be ready to accumulate on any dips.
This is not financial advice, so please do your own research.
**Trigger Point**: Closing above $0.11 (grey liquidity area) on the weekly chart.
Do you think DOGE can 10x from here, or is it just wishful thinking? Share your thoughts in the comments, and don't forget to hit that like button if you found this helpful.
Thank you!
#PEACE
DOGE - 120% Increase FIB Target (⊙_⊙)Dogecoin is looking bullish here for a couple of reasons:
1) Chart Pattern
Inverse Head and Shoulders in the Daily
2) Technical Indicator
"BUY" flash in the weekly
3) Trendline Analysis
Higher lows, consistently
If you've been following, you'll know I've been looking at a multi-month playout where we can expect another impulse wave up in Bitcoin as well as for altcoins, naturally. A few days ago I made a post on why I believe the corrective phase is over, and why we're likely in the beginning of the new impulse wave up. 👇
It's important to note that this impulse wave is potentially another multi month playout . But with patience, and courage, it can be a rewarding upcoming few months.
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KUCOIN:DOGEUSDT
DOGECOIN ( IN THE SENSITIVE AREA ) (4H)DOGECOIN
HELLO TRADERS
Market Performance :
- Volatility: Like most cryptocurrencies, Dogecoin is highly volatile. Its price can fluctuate significantly based on market sentiment, social media trends, and endorsements.
- Market Cap: Despite its origins as a joke, Dogecoin has a substantial market cap and is one of the top cryptocurrencies by market capitalization.
Tendency , the price inside sensitive area between 0.13 & 0.12 .
TURNING LEVEL (1) : the price of this level at 0.13 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 0.12 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 0.14 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 0.16 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 0.11, for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 0.09 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 0.12 , have two scenario , first corrective 0.13, before dropping to touch a o.12 , then 0.11 , second corrective 0.12 to reach a 0.13 , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 0.13 , 0.16 ,
SUPPORT LEVEL : 0.11 , 0.09 .
Buy Dogecoin (DOGE) at $0.12724I recommend buying Dogecoin (DOGE) at $0.12724. This recommendation is based on the Smart Money Concept (SMC), which identifies a "Demand Zone" at this price level and a Fair Value Gap (FVG) above the demand zone.
Key Points:
Entry Price:
Buy Dogecoin at $0.12724. This price level has been identified as an optimal entry point due to the presence of a demand zone and an FVG.
Explanation of FVG:
Fair Value Gap (FVG): An FVG occurs when there is a significant price movement with little or no trading activity in between, creating a gap. This gap represents an imbalance in the market, often caused by institutional investors, and can act as a magnet for price, providing an area of potential support or resistance.
Stop Loss (SL):
Set your stop loss (SL) at $0.12502, which is just under the FVG. This level has been chosen to minimize potential losses if the market moves against the trade. The stop loss percentage is 1.74%.
Take Profit (TP):
Set your take profit (TP) at $0.13822, which aligns with a supply zone. This target has been chosen based on market dynamics and anticipated resistance levels.
Explanation:
Smart Money Concept (SMC):
SMC is a trading strategy that focuses on understanding and following the actions of institutional investors, who have significant influence on the market. By identifying areas where these large players are likely to buy (demand zones) or sell (supply zones), traders can align their positions with the "smart money" to improve their chances of success.
Demand Zone:
A demand zone is an area on the chart where there has been a high level of buying interest, causing prices to rise from that level in the past. When the price returns to this zone, it is likely to encounter buying pressure again, providing a potential entry point for traders.
Supply Zone:
A supply zone is an area on the chart where there has been significant selling interest in the past, which may act as a resistance level.
Conclusion:
Entering Dogecoin at $0.12724, based on the SMC and the identified demand zone and FVG, presents a strategic investment opportunity. By setting a stop loss at $0.12502, we aim to manage risk effectively, and by setting a take profit at $0.13822, we target a supply zone for potential gains.
As always, it's essential to monitor the market closely and adjust your strategy as necessary. Trading involves risks, and it's crucial to stay informed and make decisions based on thorough analysis. Like, follow me for more such content and share to increase your friends' knowledge.
DOGE - DON'T MISS out on ALTSEASON 2.0 !Yesterday we took a look at altcoins that are strong currently - and today I'm adding another, DOGEUSDT.
✅ From a technical indicator perspective, Doge is ready to reclaim a key trendline, as the price is consolidating right under it (bullish). "Extremely Oversold" is usually a good place to buy:
✅ From a Chart Pattern perspective, we observe an inverse Head and Shoulders pattern forming, which is also bullish and confirms a direction reversal. Furthermore, a total of -60% has been retraced and this is prime time for a new upwards wave:
✅ From a trendline analysis, we have successfully reclaimed the neckline after closing daily candles ABOVE the old peak:
I conclude to say that according to the trend and all other signs - the price is short term and long term bullish from here.
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BINANCE:DOGEUSDT
Dogecoin - The pump is so clear!CRYPTO:DOGEUSD is looking so bullish,
Cycles, breakouts, sentiment and market structure. Dogecoin is combining all four of these bullish aspects and is preparing for a major move higher. After Dogecoin finally broke out of the triangle a couple of months ago, we already saw a rally of +250%. This is simply the starting of the next major crypto bullrun which will pump the entire altcoin market, especially Dogecoin!
Levels to watch: $0.117
Keep your long term vision,
Philip - BasicTrading
Dogecoin (DOGE): brief analysisAmid increased bullish sentiment in the crypto market, the DOGE price has added 4.80% to its portfolio within the past day with a trading volume of $1.47 Billion. Further, it has surged 17.67% over the last seven days and has a YTD return of 53.76%.
The technical indicator, MACD, displays a constant rise in the green histogram, highlighting an increase in the buying-over-selling pressure in the crypto space. Further, the averages record a constant uptrend, suggesting that the DOGE coin price will continue gaining value this week.
If the market continues to gain momentum, the Dogecoin price will prepare to test its upper resistance level of $0.18225 in the coming time. Conversely, if a trend reversal occurs, the memecoin leader will plunge toward its low of $0.1010.
DOGE: R/2Price Action Analysis : DOGEUSDT
1. Trend Identification 📉➡️📈:
- Previous Downtrend: The chart initially shows a clear downtrend with lower highs and lower lows, starting from around 0.17000 USDT down to about 0.09300 USDT.
- Consolidation: After the significant drop, there is a period of consolidation between 0.09300 USDT and 0.12860 USDT, indicating indecision in the market.
2. Breakout 🚀:
- The price breaks out from the consolidation phase, moving upwards past the resistance level of 0.12860 USDT. This breakout suggests a potential reversal or at least a corrective move higher.
3. Support and Resistance Levels 🛑🟢:
- **Support**: Around **0.12860 USDT**, marked by a gray rectangle, indicating a zone where buyers previously stepped in and might do so again.
- Resistance:
- TP1 (0.13951 USDT): A minor resistance level where the price might face initial selling pressure.
- TP2 (0.15387 USDT): A significant resistance level aligning with previous highs, suggesting stronger selling pressure might be encountered here.
4. Key Price Zones 📊:
- Entry Zone: The price has recently moved into a potential buy zone around 0.12860 USDT, where previous resistance might turn into support.
- Stop Loss Level: Below the support zone at **0.11655 USDT**, to limit potential losses if the price reverses downward.
5. Candlestick Patterns🕯️:
- Recent bullish candlesticks indicate strong buying pressure. Look for patterns such as bullish engulfing, pin bars, or hammer candlesticks near the support zone around 0.12860 USDT to confirm entry points.
6. Market Structure 📈:
- Higher Highs and Higher Lows: The recent price action shows the formation of higher highs and higher lows, a characteristic of an uptrend. For instance, the price moved from 0.09300 USDT to 0.12860 USDT and then higher.
- Pullbacks: The price might pull back to the support zone around 0.12860 USDT before resuming its upward move, which is a typical behavior in trending markets.
Trading Strategy
- Entry Point:
- Enter a buy position near the support zone around 0.12860 USDT if the price shows bullish reversal patterns (e.g., pin bar, bullish engulfing) 📥.
- Stop Loss:
- Place a stop loss slightly below the recent low or the support zone at 0.11655 USDT to protect against downside risk 🚫.
- Take Profit:
- TP1: Set the first take profit target at 0.13951 USDT, where minor resistance is expected 🥇.
- TP2: Set the second take profit target at 0.15387 USDT, at a more significant resistance level 🥈.
Monitoring and Adjustments 🔄
- Price Action Signals: Continuously monitor the price action for signals of trend continuation or reversal. Look for strong bullish candlesticks at support (around 0.12860 USDT) and signs of weakening momentum (e.g., doji, bearish engulfing) near resistance (around 0.13951 USDT and 0.15387 USDT) 👀.
- Adjustments:
- Trailing Stop Loss: Once the price reaches TP1 at 0.13951 USDT, adjust the stop loss to breakeven or above to secure profits 🔒.
- Partial Profit Taking: Consider taking partial profits at TP1 (0.13951 USDT) and letting the remaining position run towards TP2 (0.15387 USDT) 🏁.
This strategy based solely on price action helps in making informed trading decisions without relying on external indicators. It focuses on observing and interpreting the market's behavior through candlestick formations, trend patterns, and key support/resistance levels. 📊💡
DOGEUSD Dogecoin Bullish Money heist planMy Dear Robbers / Traders,
This is our master plan to Heist DOGEUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
does Dogecoin DOGE price have a chance for x4 growth?Two months ago, we wrote about the possibility of #Dogecoin price falling to as low as $0.1
The #DOGEUSDT price has arrived here on steadily falling trade volumes and is testing a strong mirror zone from above.
Do you believe that this year the CRYPTOCAP:DOGE price will be able to gain a fix above $0.17-0.20 and head towards $0.41?
Doge → wait for a dropHello guys...
doge is forming a head and shoulders and I believe it will break the neckline!
it touched so many times this current line and made it so weak!
the trendline that I drew like a dashed line is a satisfied line to get a short position!
the target of the short position is: 0.0783
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✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment