Potential Breakout.If Doge is able to maintain its current prices, a possible breakout can be expected in a few weeks. I’m looking to see Doge hold this crucial 200 day EMA. We had a similar setup to start off 2024 as the chart illustrates.
DOGEUSDT_FCD13E trade ideas
#Doge Doge is making symmetrical triangle
( bullish) in the one day timeframe.
Support at $0.13, After break out the resistance at $0.1626 and will get confirmation, first target of the $0.22 and second Target is the 0.25 + bullish ....
Don't miss it! DOGE analysis UPDATEEverything will pump soon and everything is still cheap today
BTC has reached BS or 70k and many other important factors are only good.
Only up
MoralDisciple
Dogecoin (DOGE): Wait For Breakdown of 200 EMADogecoin caught our attention with a possible movement to lower zones after entering the zone between the 100 and 200 EMA.
With that being said, we are looking for a possible test of 200 EMA and a breakdown from that zone, which would start the movement to the lower support line.
Swallow Team
LONG FOR DOGEPRICE AFTER A GOOD IMPULSE
pullback to the zone S/R very power
imy idea thid zone have ability to suppurt orice to up for 3 or 4 candle
this possition is a day trade
MR.Inanlou
DOGE DAILY ANALYSISBased on price action analysis, this chart can be considered as the most probable chart. This analysis is based on a daily time frame. This is not a buy or sell offer. Please consider all aspects yourself.
ANNOUNCEMENT: EXIT INTO DOGECOIN - THE ONLY CRYTPO TO SURVIVEIf you can't get your money off the digital exchanges but you can still send crypto - send it into a DOGECOIN code wallet. I don't have knowledge of why, but its the only crypto that will survive, and retain its value.
(Maybe Musk has your backs, idk)
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.
The Crypto Reset Has BegunI thought this was the beginning of the bull run 6 months ago. Looking back, I should've seen the signs. Cryptos are going to zero, and Bitcoin (in my hypothesis) may hit $2. Laugh if you want, but when the beast wants blood, he gonna draw it come hell or high water. Crazy part? They're going to bounce to their 100x - 1000x prices after the dump. Take a risk and make a limit order or two at a couple bucks. What's there to lose?
DOGE - Update before CPI This post is a follow up to the previous:
As you can see we are still maintain to hold that white trendline as a level of new support upon our third retest. One thing I did want to point out is the daily RSI.
Doge has a very important structure around 35 on the daily RSI that marked the bottom in January, May, and could again with a good CPI print. Therefore watch for a bounce from this level to confirm the bottom or a break below to exit.
$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 Term DOGE - 2024-2025Long Term DOGE - 2024-2025 - Analiza 10.06.2024 - na bazie mierzen zewnętrznych FIBO
$DOGE - On the sweetspot, aiming towards 20$?CRYPTOCAP:DOGE has been printing a lot of bullish reversal patterns through the last weeks. An inverse head and shoulders played out, price broke over the neckline, tested it while entering a fibonacci zone and bounce from there. Next resistance should be around 0.176-018, where a small bearish fair value gap is in the daily chart, otherwise it's very likely that the price will visit 20$ soon.
DOGE .17 Elon said to the moon it is the peoples coin and
it is performing very well
it never dropped its ranking
while the rest disaapered
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
DOGEUSDT / DOGECOIN Weekly analysisHello, traders here is a setup of DOGECOIN as you can see the price has been in a bullish form and it broke the resistance level that was tested multiple times and turned into support, so now you can see that the price is on a support level and for me to get in the trade I will wait for the price to create a double-bottom candlestick pattern then I will buy the price to my target.
Our Friend DogeyThis one is for my friend Greg, who made a killin' off crypto and had life by the balls. Paid his house and car off with startup capital of 4k that flipped into a half million. He left 5 kids when he overdosed on heroin and died.
We do it for the money but money ain't gonna solve all our problems. If it did I wouldn't have lost a dear friend to me.
Just follow it, don't ask me how I know....
Dogeusdt Reaccumulation Phase On Daily Time frameDogeusdt Reaccumulation Phase On Daily Time frame it ll be the on hormonic C Leg
Best entry and stoploss must be 0.1200
Dyor #Dogeusdt
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.
The Wick Phenomenon: How and Why Big Wicks Get FilledIn trading, wicks on candlestick charts represent the highest and lowest prices during a given time period. Long wicks can often be seen as a sign of market indecision, but they also tend to get filled by subsequent price action.
This phenomenon occurs frequently and can provide valuable insights for traders looking to capitalize on price movements.
In this article, we’ll explore how and why big wicks get filled through practical examples.
Understanding Wicks and Their Significance
Wicks, also known as shadows, appear on candlestick charts when the price moves significantly above or below the opening and closing prices within a specific time frame.
A long upper wick indicates that prices were pushed up but then fell back down before the close, showing selling pressure.
Conversely, a long lower wick suggests that prices were driven down but then recovered before the close, indicating buying pressure.
Usually, at least 50% of the wick will be filled, and sometimes the entire wick will get filled before the reversal happens.
Why Do Wicks Get Filled?
1️⃣Market Psychology: Traders often see long wicks as areas of interest. For instance, if the price reaches a high but then falls, traders might anticipate a retest of that high.
2️⃣Liquidity Zones: Long wicks indicate areas where a lot of trading activity took place. These areas are often revisited as the market seeks liquidity.
3️⃣Mean Reversion: Prices tend to revert to their mean over time. A wick can be seen as a deviation from the mean, and the subsequent filling of the wick is part of the reversion process.
How To Trade It?
It all depends on your trading plan.
Here are some options:
Aggressive traders can buy/sell immediately after the wick has been formed.
Semi-conservative traders can look for a reversal pattern on a lower timeframe to confirm it.
Extra conservative traders can wait for the candle with the wick to be broken from the other side before entering.
Additionally, considering more confluences like key levels, market structure, and the overall trend will give you a better edge.
Why Now?
You might be wondering why I am posting this article now.
As you may have noticed, we had a dip yesterday, giving us a practical example on many altcoins and stocks. For this example, I have chosen DOGE, 4H chart.
I hope you like the content and found it useful.
Are you taking wicks into consideration in your trading plan?
If yes, how?
If not, why?
What would you like me to discuss next?
Always remember:
📚 All Strategies Are Good; If Managed Properly!
~Richard Nasr
