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DOGE / UST

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DOGEUST trade ideas

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
by aryan_chandel_tanx
2
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!
by MyCryptoParadise_Nathan
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!
Long
by MyCryptoParadise_Nathan
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.
Long
by Un_trade
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.
Long
by TheNewsCrypto
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.
by DensityEx