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DOGE 3x Long / Tether

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DOGEUSDT.3L trade ideas

Doge possible bull runAssuming Doge moves on a Log Scale we are at the start of a fast super cycle. On the log scale doge has support on the diagonal green lines that were resistance on Triangle pattern with the base starting from 2021. If the log scale remains consistent than the start of the bull run should be in the weeks 15th or 22th of july with conservative targets at around $2 area mid targets $4 and top targets $14 - $23. Note that not all coins will move on a log scale. For example Bnb, Btc moved on a log scale in the last market cycles. Once a coin matures in time the log scale will not be applicable as it will have to go to multimillions as price target, and they shift to non Log. On a non log scale the pump started at $0.08 and that is also the point of support, and before making a new ath it will retest the support, so a drop to that level should not be a surprise. If on Doge the cycle is shifting to non log than ath should be at around $1 or the ath has already been hit and will not have a new one for the next 5 - 6 years.
by SecretSocietyCharts1
$DOGE Dogecoin PT 69 and higherWhat is Dogecoin? Dogecoin is a cryptocurrency 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, so it inherited many of the same features such as the hashing algorithm, with the only difference being branding and large inflationary supply. One of Dogecoin's strengths is its relaxed and fun-loving community. But like most meme coins, this is also a weakness because other currencies are seen as more professional. History of Dogecoin Dogecoin was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia. They wanted to create a fun cryptocurrency that would appeal beyond the core Bitcoin audience. 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. What is the utility of the DOGE token? DOGE 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 organizing fundraising activities for deserving causes.
Long
by BADQOMOCAWGOWLD
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
Long
by SaliJournal
2
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.
by MarsSignals