Dogecoin achieved profit of +281% ROIRefer to this image at the time of the falling wedge pattern breakout.
Falling Wedge pattern has formed and breakout above the Pattern. As result, the market started a bullish trend and reached the previous high at the top of the falling wedge pattern and achieving profit of +93% ROI.
Once again, the market has breakout above the first target and is approaching the second target at the 0.5 Fibonacci retracement level, priced at 0.39776 USDT. Overall, the profit in Dogecoin is +281% ROI. This trade is a remarkable achievement through technical analysis.
The "Fibonacci retracement tool" was utilized to identify the 0.5 Fibonacci level by marking the high and low points.
Dogecoinanalysis
DOGEUSDT at Decider Level Chances for Long are higherTechnical Analysis:
1. Backtesting within 7 days shows that there are no clear patterns in the MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within 30 days indicates a bearish MACD pattern, specifically a Death Cross. This pattern has occurred 12 times, with a signal accuracy of 25%.
3. The BOLL indicator does not show any specific pattern.
4. The RSI and KDJ indicators also do not show any clear patterns.
Fundamental Analysis:
1. Dogecoin is a meme coin associated with pictures of Shiba Inu dogs and internal monologue captions.
2. The current market cap of Dogecoin is $20,214,071,052, with a total supply and circulation supply of 130,693,998,324 tokens.
3. The current price of Dogecoin is $0.13837, with a 24-hour price change of -1.93% and a 7-day price change of +60.32%.
4. The BOLL support price is $0.13837, and the BOLL resistance price is $0.14381.
5. The market sentiment index is at 83, indicating extreme greed.
Dogecoin Price PredictionDogecoin is showing positive sign above the $0.0800 resistance against USD. The price is trading the 100 SMA level in 4-hour time frame. The price could start strong rally if it clear the $ 0.0870 resistance. A close above the $ 0.0835 resistance might send the price toward the $ 0.0880. The next major resistance $ 0.0920 and the next move toward $ 0.0950. If Doge price fails to gain pace above the $ 0.0812 level, it could start downside correction. support level of dogecoin is $ 0.0792. The RSI for DOGEUSDT is now the 50 level. Major support levels - $ 0.0792, $ 0.0710. Major resistance level - $ 0.0812, $ 0.0835, $ 0.0880.
DOGECOIN possible elliot wave counts on hourly chartHere we had shared possible Elliot wave counts of Dogecoin on daily time frame aligned with hourly time frame.
Which is indicating that possibly we are unfolding fresh leg of impulse as a wave 1 of bigger degree wave (1) of one more bigger degree ((3)), and inside wave 1 we had unfolded subdivisions as wave 1-2-3-4 and possibly we have started 5th of wave 1 it may become leading diagonal. post wave 1 we should get retracement as a wave 2 of (1) and then wave 3 of (1), overall if invalidation is safe then journey is towards north.
My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not sebi registered analyst.
I am not responsible for any kinds of your profits and your losses.
Possible elliot wave counts on daily time frame
macd positive crossover in hourly
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Trading Signal For DOGEUSDT Dogecoin Trading Setup:
There is a Trading Signal to Buy in DOGEUSDT Dogecoin .
Traders can open their Buy Trades NOW
Rank : ⭐️
⬆️Buy now or Buy on 0.0490
⭕️SL @ 0.0445
🔵TP1 @ 0.0625
🔵TP2 @ 0.0727
🔵TP3 @ 0.0880
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
Trading Signal For DogecoinTrading Signal:
There is a Trading Signal to Buy in DOGEUSDT Dogecoin
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.125
⭕️SL: Close below 0.118
🔵TP1 @ 0.1423
🔵TP2 @ 0.1600
🔵TP3 @ 0.1960
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
DOGE XUpdate of the previous analysis. Dynamic Res and Sup on watch, but this DOGE could do everything.
Holding long with . 05 pmc.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.