DOGE analysis the price needs to breakout because there is a strong resistance in my pov it might breakout of the strong resistance but we need high volume to reach the target guys be aware this is not a financial advice make your choice
DOGEUSDT_FCD13E trade ideas
DOGEUSDT.1DAs I analyze the Dogecoin (DOGE) paired with Tether (USDT) daily chart, several key technical aspects come to light. The price trajectory shows a significant consolidation phase, navigating within a defined range underpinned by crucial support and resistance levels.
Resistance Levels and Price Ceilings: The immediate resistance is marked at R1 ($0.16666). This level previously acted as a barrier, and a price push above this could signal strengthening momentum. The secondary resistance (R2) lies higher and serves as a pivotal point for assessing the potential for bullish continuation.
Support Levels and Price Floors: The price recently tested the support at S1 ($0.12079), which successfully halted further declines. A crucial lower support at S2 ($0.09766) provides a deeper safety net, where buyers might emerge strongly to defend price drops.
Technical Indicators Overview:
1. MACD (Moving Average Convergence Divergence): Currently, the MACD line slightly hovers above the signal line, indicating a marginal bullish presence. However, the proximity to a bearish crossover suggests that the bullish momentum is weakening, necessitating vigilance for potential shifts towards bearish dominance.
2. RSI (Relative Strength Index): With an RSI reading of approximately 46, the market does not exhibit conditions of being overbought or oversold. This neutral stance points to a lack of decisive momentum, placing importance on upcoming trading sessions to clarify directional intent.
3. Trend Analysis: The breakdown below the trendline T marked a significant shift in market structure from an upward bias to potential bearish control. This trendline breach should be viewed as a bearish signal unless the price reclaims positions above this level.
Trading Strategy:
Given the current technical setup, traders should adopt a cautious approach, monitoring for a definitive move either above R1 or below S1. A break above R1 could validate bullish sentiments, potentially targeting R2. Conversely, a break below S1 could intensify selling pressure, aiming for S2.
In conclusion, the current market condition of Dogecoin suggests a tug-of-war between bullish and bearish forces with pivotal actions expected at the key technical levels mentioned. Traders should remain adaptive, employing stop-loss orders to manage risks effectively, and capitalizing on clear signals provided by further price action and indicator movements.
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
DOGE_USDAccording to the bullish structure of the crypto and bitcoin market and the technical conditions of Dodge, you can buy with 3 specified goals.
DOGECOIN: Rising wedge + R.O.C DivergenceDOGECOIN: Rising wedge + R.O.C Divergence
The Wolf of Zurich has detected an ascending wedge + A nice divergence on the R.O.C = Rate Of Change, which indicates the variation of the Momentum of the underlying.
To watch the 50 and 200 exponential moving averages
The Fibonacci and ICHIMOKU levels
Lingrid | DOGEUSDT trend CONTINUATION opportunityBINANCE:DOGEUSDT has formed a triangle pattern, which often acts as a continuation setup in trending markets. The recent test of resistance at 0.14500 followed by a pullback to the support level suggests some consolidation in the market. On the weekly timeframe, the price has bounced off the demand zone, indicating strong buying interest and a potential reversal from lower levels. The series of higher highs and higher closes shows the bullish sentiment and suggests that the bullish trend is intact. If the price bounces off the support zone and the upward trendline, it may provide a solid entry point for a bullish move. A breakout of the triangle formation would further confirm this bullish outlook. My goal is resistance at 0.14400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Dogecoin (DOGE): is rally possible?Dogecoin (DOGE) formed a falling wedge pattern and was on the verge of a bullish breakoutfrom it. Another analysis perspective showed that the breakout has already occurred.
In either case, the price has stalled over the past week and wiped out some of the earlier gains.
Despite that, it maintained the bullish market structure on the 1-day chart. Things were not as simple, and the bulls had significant challenges ahead.
The market structure was still bullish after the structure break earlier this month. Since then, the meme coin has not formed a lower low. The RSI was also above neutral 50, although just barely.
Together they showed that the bulls still have a chance of pushing prices higher.
However, the trading volume has been very low throughout July. Even when the prices started climbing higher halfway through the month, bullish conviction was hard to come by.
The OBV reflected this fact with a tepid bounce in July, and over the past few days has resumed its slump.
The 90-day MVRV ratio showed DOGE was undervalued despite the recent bounce. This was encouraging as it reduced the likelihood of a wave of selling from profit-takers.
Whale selling combined with a lack of trading volume meant that the chances of a strong rally were slim.
A Bitcoin (BTC) pullback can impact sentiment more in these conditions, especially since the BTC-DOGE correlation stood at +0.95.
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 .
#DOGEUSDT#DOGEUSDT
CRYPTOCAP:DOGE
Expecting some bullish movement on this coin, price broke the resistance level at $0.13166, and tested as a support, expecting price to push to the next resistance level at $0.17411
DOGEUSDT 3DDOGE ~ 3D
#DOGE Resistance that continues to be retested will get weaker.
We will start buying gradually inside this pattern.
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.
Long trade
Trade Details for Buyside Trade
Date: Saturday, 27th July 2024
Session: 5:00 PM London (LND) to New York (NY) Session
Trade Type: Buyside
Entry Point: 0.135077
Profit Level: 0.149030 (10.33% increase)
Stop Level: 0.134130 (0.70% decrease)
Risk-Reward Ratio (RR): 14.73
DOGE → The bulls are overcoming resistance. Trend change?BINANCE:DOGEUSDT is breaking trend resistance and on W1 the bulls have kept the price above the risk zone. Prospects are emerging for a possible rally....
The 0.1-0.05 area is the bottom of the market. Strong accumulation is forming in this area. The price left it back in the spring, but the recent retest showed that the bulls are not ready to let the price beyond 0.106, which generally determines the medium-term prospects.
On D1, the price is breaking the trend resistance of the Wedge pattern, forming a small rally to 0.1437. If the bulls hold their positions and defenses above 0.126 - 0.1200, the market will retain its bullish phase, thus we can soon see a breakout of the local high with a subsequent rise to ATH
Resistance levels: 0.1437, 0.1657
Support levels: 0.126, 0.12
There is no fundamental analysis, but technically there are good prospects. Various services are showing a spike in whale activity in DOGE, which could signal as increased interest. I expect a positive outcome from the bulls with a subsequent rally to the zones of interest
Rate, share your opinion and questions, let's discuss what's going on with ★ DOGE ;)
Regards R. Linda!
DOGE SPOT LONG IDEADOGE is showing a clear Double Bottom Pattern on Daily, results could take between 6-20 days if everything goes well. This is a trading idea to show you how the Technical Analysis works. Remember to always manage your risk.
Doge chartDoge chart with key support and resistance lines and price targets.
This is not financial advice.
DOGE quick analysis: Bullish momentum building!#DOGE quick analysis: Bullish momentum building! 🚀
MACD showing a bullish crossover 📈
Volume Oscillator indicates increased buying pressure 📊
MFI high at 73.93, suggesting potential overbought conditions ⚠️
ADX at 25.59 signals a strengthening trend 🔥
RSI climbing at 68.76, nearing overbought zone 🔄
Watch for a breakout above resistance levels for confirmation! 📌
Trade Setup: DOGE Long PositionMarket Context:
DOGE is reclaiming its range low after a change of character (CHOC).
It is setting a higher high and a higher low into the 21-day and 200-day EMAs.
The range low is being treated as invalidation if the price closes below this support level.
Trade Parameters:
Entry: Enter a trade around $0.129 to $0.13.
Take Profit:
First target: $0.157
Second target: $0.187
Third target: $0.22
Stop Loss: Set at a daily close below $0.115
📊 Monitor the price action around the 21-day and 200-day EMAs. Adjust your trade based on market conditions and be cautious of any signs of reversal or further downside. #DOGE #CryptoTrading #TradeSetup 🎯
DOGECOIN 10% Dump or 39% Pump!?!Since we broke the support and have not managed to climb back above, a 10% move to the downside is more probable.
If we flip the resistance back to support and hold the level, the target will be $0.18, 39% to the upside.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
DOGEUSDT - In Bearish trendThis crypto pair is in bearish trend making a bearish flag which is a continuous pattern. The analysis was done on a 1H time frame and there is no divergence observed. I took an instant entry (Yellow Marker) and now it is almost going to hit the TP.
The signal was:
EP: 0.12855
SL: 0.13535
TP: 0.12172
RR: 1%
Lots: 13.35
DOGE/USD: Wyckoff Reaccumulation Schematic in PlayDOGE/USD appears to be following the Wyckoff reaccumulation schematic, a pattern that suggests a continuation of the uptrend after a period of consolidation. This phase often indicates strong hands accumulating more positions before the next leg up. Traders should watch for key signs such as increased volume on up moves, higher lows, and breakout above resistance levels to confirm the reaccumulation phase. If the pattern holds, DOGE/USD could be poised for significant gains as the reaccumulation process completes.
Simple Technical Analysis (TA) of $DOGEDoge Prediction Price based on Fibonacci Retracement analysis
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
DOGEUSDT: Falling wedge and parallel channel breakoutHello everyone,
If you're finding value in this analysis, please consider liking and following!
DOGEUSDT appears favorable for a long position or spot hold. DOGE has broken out of a falling wedge pattern and a supporting parallel channel.
The breakout and subsequent retest appear to have been completed, suggesting that every dip could present a buying opportunity. The entry zone is indicated on the chart, with potential gains of nearly 77% for futures and hold suggestion for spot traders.
What are your thoughts on this analysis? Feel free to share your insights in the comments!
