Dogeusdtanalysis
Doge Bullish Cup and Handle, High .10s-.11s possible.Hi Tradingview,
BINANCE:DOGEUSDT
Doge has formed a BULLISH Cup and Handle pattern as we can see. For those unfamiliar with the pattern we can see that the purple highlighted
area makes a cup shape, and the red and blue highlighted area makes up a handle. We can also see a double bottom at the .382 Fibonacci line
I have drawn out support lines in red, and resistance lines in green, also the red box is also a resistance just to clear up any confusion.
I am looking to enter this trade around .1000-.1015 with a stop loss below .098
My take profits are as follows:
TP1: .104786
After this, I will take profit at .10787
Then I will let the rest run
Dogecoin DOGE price will rise But don't expect fast & easy moneyToday we consider the DOGEUSDT price chart
After Musk bought Twitter, he again took up the Dogecoin pumping. Probably wants to sell out profitably, because he did not sell all at the previous manipulations)
He, "by all sorts of truths and lies", hints that Doge will soon be integrated into Twitter.
We would like to warn you that in the coming months, even he will find it difficult to organize a pumping of the DOGEUSD price by hundreds of % upwards, as it was in previous years.
After all, two powerful liquidity zones will be waiting for us above, in which people bought more than a year ago, because they hoped for continued growth, and the price fell and the deposit sank.
Now, when the price will reach the orange and red liquidity zones, those who have been sitting in the drawdown for more than a year will sell their DOGE "by zero" just to get rid of this bondage. This is how human psychology works.
But , if you are patient, you can try to buy Dogecoin in your long-term investment portfolio closer to $0.073-0.083
And then waiting, waiting, waiting...)
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DOGE Reversal Support we broke down from our triangle , and didn't hold above the 0.11$ that's we we going to test the strongest support above the 0.088$, we should see a reversal there and retest our current resistant around the 0.11$.
any price between the 0.11$/0.088$, is consolidation and accumulation area , if we broke the resistant we enter a bull run again, if we broke the support we enter a bearish moment down .
#DOGEUSDT broken above $0.09 resistanceTrade setup: Price has rallied on big volume days and broken above $0.09 resistance zone where it got rejected in August. However, it is extremely overbought (RSI~90) near $0.15 resistance and momentum is starting to cool off (MACD Histogram inflecting). (set a price alert).
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $0.090 (previous resistance), then $0.075. The nearest Resistance Zone is $0.150.
Trading opportunity for DOGEUSDTBased on technical factors there is a Long position in :
📊 DOGEUSDT
🔵 Long Now 0.11660
🧯 Stop loss 0.10031
🏹 Target 1 0.13505
🏹 Target 2 0.15530
🏹 Target 3 0.17940
💸RISK : 1%
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WILL YOU 'DOGE' THIS???Hello traders, here's a quick update on the DOGE coin.
Dogecoin did exceptionally well in the last 3 days. A 165% rally from the rock bottom of $0.06 all the way to $0.16 is simply great. It is too early to call it a 'rising wedge' pattern but a massive rally like this in no time is no joke. Although the rising wedge pattern technically tends to be bearish, we cannot assure anything on dogecoin because of Mr. Elon Musk. He literally owns dogecoin and can do anything with the power he holds.
From the technical term, if Doge breaks and closes below the support line, we may see some bearish move but if it bounces back and breaks above the resistance trendline then we may witness some more bullish rally.
I hope this update is helpful to you. Trade safely.
DOGECOIN Doge price broke downtrend line, what will happen next?Here is the chart of the DOGEUSDT trading pair for the last 2 years.
The downtrend of DOGEUSD price has been going on for 17 months and speculative interest in this manipulative coin has most likely disappeared for many.
But on the other hand, there are probably many investors who are stuck in this coin and the deposit is now in drawdown
Most likely, this idea is primarily for them.
Since June 2022, which is 5 months, the DOGE price has been consolidating in the liquidity zone of $0.04-0.08. It was in this liquidity zone at the beginning of 2021 that the DOGEUSDT price consolidated before the final pump of +1400% in 2021.
And today, DOGECOIN buyers are trying to break up through the falling trend.
However, it is too early to rejoice, there is a strong and liquid level of around $0.085 in the way of buyers.
Most likely, buyers will not be able to overcome this milestone the first time.
If you have a long position DOGEUSDT, then as the price approaches $0.085, you need to be very careful, because a correction to $0.065 may begin in the future
So, in our opinion, it is safe to long DOGE either from $0.065 or after the DOGEUSDT price can confidently consolidate and fix above $0.085
Medium-term target for DOGECOIN price growth is $0.125-0.135
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$DOGEUSDT DogecoinWhat is Dogecoin (DOGE)?
Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
Dogecoin forming a bullish trend!The Dogecoin price chart is forming a bullish movement, with the price target in the first Resistance zone, and then the price growth towards the second Resistance zone.
But there is a possibility of price correction and a short-term price return to near the support of 0.6020, which is very short-term.
The main goal is to reach resistance areas.
Dogecoin / Dogecoinusd and Dogeusdt
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DOGEUSDT Analysis (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.084 and 0.09
after first target reached move ur stop to breakeven
Stop: ~0.065 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
DOGEUSDT located between 2 levelsDOGEUSDT located between 2 levels
The formation of an ascending or descending conal is very difficult. you need to wait for the breakdown of the level to determine the direction of the price movement
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