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DOGECOIN / TETHER USD on BSC (0x023b6298e2f9aE728B324757599F2A36e002a55A)

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DOGEUSDT_023B62 trade ideas

#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
DOGE/USDT Bullish Breakout PredictionDaily DOGE/USDT Analysis In the daily chart of Dogecoin against Tether (DOGE/USDT), the price has been moving within a descending wedge pattern. Recently, the price made contact with the bottom of this wedge, and with the current bullish momentum indicated by a 7.05% increase, there is a strong possibility of a breakout from this pattern upwards. Technical Analysis: Descending Wedge: Dogecoin has been consolidating in a descending wedge, which is typically a bullish reversal pattern. Recent Bounce: The recent contact with the bottom of the wedge and subsequent bounce suggest a potential upward breakout. Relative Strength Index (RSI): The RSI is at 37.69, indicating that Dogecoin is near oversold territory and may be due for a reversal. Price Prediction: Based on the analysis, it is predicted that Dogecoin will soon break out of the descending wedge upwards. After a potential short-term correction, the price is likely to move towards the target of $0.22888. This presents a good buying opportunity with significant potential upside. Disclaimer: I am not a financial advisor, and these predictions should not be taken as financial advice.
Long
by Maxnalie
If Doge will make a new high, this is probably the start.Doge has recently put in a big possible impulse leg, breaking the downtrend structure, and is at the 76% retracement fib of that rally. If this has been a valid impulse leg to start a new uptrend, a new low should not be made now. This offers a really high RR op in doge where about 60% needs to be risked to stop, over 100% is gained to a rest of the high and over 500% can be gained in just a big bull trap. Even without a new high, those are good odds.
Long
by holeyprofit
✴️ Dogecoin 4X SHORT (137% Profits Potential)Dogecoin produced the classic head and shoulders pattern, a top formation. It has been bearish lately, everything seems slow. Trading volume continues to decline... ➖ First, the bias is revealed. ➖ ➖ Then we see a strong challenge of support. After a period of suspense... Comes the drop! Everything can easily change; nothing is certain. 👉 If DOGEUSDT moves above EMA50 (0.15400) the bearish bias weakens. One can use any stop-loss based on risk tolerance preference. Ok, the numbers... ____ SHORT DOGEUSDT Leverage: 4X Buy-in: $0.16300 - $0.14200 Targets: 1) $0.13500 2) $0.12200 3) $0.11200 4) $0.10200 5) $0.09550 Stop-loss: Close daily above $0.17000 Potential profits: 137% Capital allocation: 3% ____ Thanks a lot for your support. Namaste.
Short
by AlanSantana
22