Dogeusdt longFalling wedge chart patterns breakout entry planning
Strong support level rejection
Risk Reward ratio 1:5
DOGEUSDT.3S trade ideas
Doge coin analysisAs you can see with bull market doge coin making bullish flange pattern we will likely to see one other pull back to resistant level above
DOGECOIN/DOGE Technical Analysis DOGE/USDT
- I have no bias in Doge because I do not find much base here
- This post is for them who are looking to add longs or already holding doge
- If you are already holding doge keep holding it until it gives you more 20% from here
- Do not add more size here and do not short as welll stay cash
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 below point of controlDogecoin is currently standing at a major support zone of 50-60 cents. It has consistently held this support zone since April '21.
Nevertheless, I'm beginning to perceive a weakening in its stance, given its recent breach of the point of control (the price level at which most trading activity has taken place), marked by the white horizontal line. Furthermore, a trend of declining troughs has emerged since the peak in May '21.
From my perspective, unless we witness a rebound from these lows in the upcoming months, there's a possibility that we could experience a more pronounced decline in the price.
What do you folks think about this chart, let me know in the comments below
#dogecoin #cryptocurrency #trading
DOGE/USDT Triangle Alert: Explosive Potential Unleashed!💎Let's dive into DOGE/USDT! Looking at the daily chart, a triangle pattern is emerging after a bullish run. While it resembles a flag and pole, we're interpreting it as a triangle for a balanced perspective.
💎If DOGE/USDT breaks above the upper trendline, potential upward targets are 0.07709, 0.07837, and 0.08035. On the flip side, slipping below the demand threshold of 0.07235 could trigger a bearish wave towards levels like 0.06841, 0.06618, and 0.06347.
💎During consolidation, traders often take positions and place stop-losses near these key zones. Breakouts or breakdowns from here can lead to significant moves. However, be cautious: if post-breakout/breakdown price action is indecisive, watch out for potential fakeouts. Stay vigilant and informed, ParadiseSquad!
DOGE on weekly can be bullish#DOGE 1W testing the resistance trendline. Breaking above will cause bulls to gain momentum targeting $0 .137 which is 1.618 fibonacci level. Momentum indicators are also showing hidden bullish divergences.
If gets rejected manage risk tolerance at $0.06832.
Dogecoin DOGE Ascending TriangleDogecoin DOGE ascending triangle, history will not repeat itself, but it is always surprisingly similar. The daily line and monthly line are expected to emerge from the same pattern, and Dogecoin will return to near its previous historical high and hit a new historical high.
DOGE/USDT's Explosive Chart Signals Major Bullish Move Ahead!💎 Hey Paradisers, let's dive into DOGE/USDT's 1-hour chart. An intriguing pattern emerges: an inverse head and shoulder formation. Notably, the right shoulder stands taller, and the price has surged past its previous peak, hinting at bullish vibes.
💎 If DOGE/USDT break the neckline at 0.07752, a bigger bullish shift might be underway, potentially turning resistance into support after breakout. What's on the horizon? Our focus is on upcoming demand zones at 0.07839, 0.07973, and 0.08239. But remember, if the price slips below the right shoulder's base at 0.07469, this pattern could lose its charm. Stay sharp and navigate wisely, ParadiseSquad!
DOGE/USDT: Bullish Entry Zones and Profit Booking Levels ?
Introduction:
In this technical analysis, we will explore the potential trading opportunities for DOGE/USDT , by analyzing key support and resistance levels.
1. Buying Area - 7400 to 7600 Levels:
Currently, DOGE/USDT can correct upto 7400 to 7600 levels.
Traders looking to enter a long position can consider this zone as a favorable buying opportunity. As Dogecoin is known for its vibrant community and increasing popularity, this entry position could yield potential gains in the short to medium term.
2. Alternative Buying Area - 6400 to 6500 Levels:
In the event of a Bitcoin dump triggered by the FOMC meeting today, DOGE/USDT may experience increased selling pressure.
Consequently, the price could dip to the 6400 to 6500 levels, presenting an excellent opportunity for long-term investors to accumulate DOGE at a discounted price, making it an attractive area for bag holding and patient long-term investors.
3. Profit Booking Area - 9500 Levels:
As DOGE/USDT exhibits upward momentum, traders should be mindful of potential profit booking opportunities. The 9500 level aligns with a crucial trendline, marking a third re-test, adding strength to its significance as a resistance level. Traders can consider taking profits in this area.
In summary, DOGE/USDT currently offers favorable buying opportunities between the 7400 to 7600 levels, while an alternative entry zone lies within the 6400 to 6500 range, especially if Bitcoin experiences a significant downturn. For profit booking, traders should consider the 9500 level, which also coincides with a critical trendline re-test.
Clear view to enterThe first step into trading after learning trend lines for few weeks started as paper trade in trade view and kept simple trendline and analysis to get margin very small
Dogeusdt's Potential Breakout: 100% Rally Target AheadDogeusdt Price Analysis: Descending Channel Pattern Suggests Potential Breakout
Dogeusdt shows signs of trend reversal with a potential 100% rally if resistance is breached
Dogeusdt Price Analysis: Long-Term Consolidation and Bearish Rejection at Resistance Level
Dogeusdt, the popular cryptocurrency, has been consolidating within a relatively tight range of $0.1420 to $0.5140 since mid-February 2022. During this period, the market has shown prolonged sideways movement, indicating a lack of clear direction. However, in late October 2022, Dogeusdt made a significant attempt to breach the resistance level. Unfortunately, the bullish momentum was short-lived, as bears took control and formed a strong bearish Inverted Hammer pattern at the critical resistance area of $0.1420. This rejection proved to be a significant setback for Dogeusdt, leading to a continuation of the downward trend that has persisted since then.
Potential Trend Reversal: Dogeusdt Shift from Lower Highs to Higher Highs
Recent price action in Dogeusdt suggests a potential shift in its trend structure. The cryptocurrency has been consistently forming lower highs and lower lows, signaling a bearish trend. However, there are indications that this pattern may be coming to an end. Dogeusdt has been continuously breaking lower, and it is now approaching the previous Continue to Structure (CTS) area. Moreover, on June 11th, 2023, the cryptocurrency experienced a noteworthy 15% pullback in a single day, suggesting a possible reversal of the prevailing bearish sentiment. If this shift from lower highs to higher highs materializes, it could be a significant turning point for Dogeusdt.
Technical Analysis: Dogeusdt Trapped in Descending Channel Pattern, Resistance at Trend Line
A closer look at the technical analysis reveals that Dogeusdt has been trading within a Descending Channel Pattern since November 7th, 2022, and has remained within this pattern until July 15th, 2023. This pattern is characterized by a series of lower highs and lower lows, reflecting the prevailing bearish sentiment. During this period, Dogeusdt has witnessed a substantial decline, losing approximately 50% of its value. Notably, the price has encountered three rejections at the resistance level formed by the descending trend line. These rejections indicate strong selling pressure and suggest that the trend line resistance is a significant hurdle for Dogeusdt's upward movement.
Breakout or Continuation: The Crucial Levels to Determine Dogeusdt Future Trend
The next price movements in Dogeusdt will be crucial in determining whether the cryptocurrency experiences a breakout from its current downtrend or continues to move lower. A decisive break above the trend line resistance at $0.08101 could mark a potential trend reversal. Such a breakout would indicate a shift from the lower low and lower high structure to a sustained pattern of higher highs and higher lows. If this breakout occurs, it would provide a highly favorable opportunity for traders and investors, potentially leading to a significant rally in Dogeusdt.
DOGE TECHNICAL ANALYSISIn this analysis there are demand and supply zone showing.
Elon musk always tweet near breakout, I hope again he tweet near breakout and next target zone will be .14$ to .15$.
He can tweet anytime and add twitter payment gateway in DOGE Coin which is a very big use cases.
After that we can see a huge rally in DOGE Coin.
It can be hit .35$.
#DYOR
doge is big trouble as we can see doge is below heavy triple direction support to break that support line it will retest its previous low
Dogeusdt | 1hour| long Triangle pattern breakout in 1 hour chart . And above the 200day moving average there is a high chance of upward momentum
DOGECOIN I am bullish on Doge for the next couple of years. I know many people crying and believing this would go to a dollar or two, but we are here to be a little practical and more logical having extraordinary expectations will only lead to huge losses. The majority were on a FOMO when it was already trading at its all-time high.
Accumulation Zones - 0.64$, 0.72.
high probability of getting a big upward spike almost 1:20 RRthis is only for education purposes only
if your think this is worth taking small risk then u should trade this one .
this is only my view
DOGECOIN TO THE MOONDoge coin as per Elliott wave theory will possibly going to make a 1000% move to the upside.
The fifth wave is pending.
The full impulse of Doge coin is pending. But where are we?
We are in the 4th correction which is making WXY pattern. Y will be equal to W*1.238 at 0.05477120.
Trade with your defined risk. The trade psychology is more important to play the trade as compare to analysis.
Regards.
Doge USDT Doge bounce back from support zone.
Long Doge Usdt
Entry Price: 0.079, 0.074
TP : 0.083, 0.085, 0.090
Stop Loss: 0.07290
Doge 15 min idea (might be wrong, new to this thing)this what i thought doge might go, it 's breaking the structure downwards with a BOS downwards
Doge 15 min bullish tradeit has already shown enough uptrend and now making a symmetrical triangle which is indicating a further uptrend for the DOGE..
DOGE daily ViewPrice Action and Trend Analysis:
Dogecoin is currently consolidating within a range, with support at the 0.07500-0.07700 levels and resistance at the 0.09100-0.09400 levels. This indicates a period of indecision in the market as buyers and sellers battle for control. The price action within this range suggests that the market is experiencing a period of consolidation and may be gearing up for a potential breakout in either direction.
In addition, from December 2022 to January 2023, DOGE formed a cup pattern, which is a bullish pattern that indicates a potential continuation of the uptrend. Following the formation of this pattern, DOGE experienced a 25% pump from January 18th to February 4th. This suggests that the market may have bullish momentum, and investors may be accumulating DOGE.
Moving Average Analysis:
To gain further insight into DOGE's price action, we can look at its moving averages. The 50-day simple moving average (SMA) is currently acting as a Resistance level, indicating that DOGE may be in an uptrend. However, the 200-day SMA is acting as a Support level, suggesting that DOGE may be facing some buying pressure.
Volume Analysis:
One significant observation is that there isn't that much volume or volatility in DOGE's upward direction, indicating that the bullish momentum may be weak. Also, there is a strong correlation between DOGE's price movement and Elon Musk's tweets. Whenever Musk tweets about DOGE, it experiences a pump in price. Therefore, it's essential to keep an eye on any significant announcements or events that could affect DOGE's price.
Conclusion:
In conclusion, DOGE is currently consolidating within a range, with support at the 0.07500-0.07700 levels and resistance at the 0.09100-0.09400 levels. The cup pattern formed in December 2022 to January 2023 indicates a potential continuation of the uptrend. However, the weak volume and correlation with Elon Musk's tweets suggest that the bullish momentum may be weak. Traders and investors should monitor DOGE's price movements closely and consider fundamental factors like any significant announcements or events that could impact its price.
