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Dogeanalysis

DOGE - 6h. Consolidation is the best scenario for buyers A month and a half of trading on the DOGE market at low volumes allowed sellers to lower the price to $0.16. The last time the DOGEUSDT price was at this mark was in April 2021, after a powerful hype wave of growth. Then the buyers managed to continue their trend. However, they failed to hold on to the important liquid zone of $0.52-0.57. This price zone now looks like the maximum target of buyers for a new wave of growth. However, is it worth waiting for a sharp, aggressive and fast wave of growth in the DOGE market in the near future? In our previous idea, we expected the growth of this coin, but buyers managed to test only our first goal: In addition to the important range of $0.52-0.57 , buyers also lost control over the liquid zone of $0.28-0.31. The chart shows that this happened without much struggle on low volumes. The fact that interest in the DOGE coin has dropped dramatically on the daily timeframe: Low trading volumes both on the attempt to increase the price of DOGEUSDT, and on the attempt to stop the fall of the market. If we analyze the trading volumes during the insane growth wave of April 13, 2021, then a certain concentration of liquidity is in the range of $0.13-0.14. So far, sellers have not managed to reach this area. However, while the control of the $0.28-0.31 range is under the control of sellers, the likelihood of the continuation of the downward trend is lower. A positive scenario for the DOGE market is the price stopping in consolidation for the accumulation of forces. A successful attempt to break through the $ 0.28-0.31 range will be a good signal to start a new wave of growth with the target of $0.52-0.57. In the meantime, the price is in the black falling channel If we analyze the DOGEBTC chart, we see that the probability of continued price consolidation is quite high: The price has stopped between two powerful liquid zones and no particular aggression is visible from either side. Therefore, while the situation on the cryptocurrency market does not inspire positive thoughts even now. However, the ranges of consolidation , in which the price is likely to move, make it possible to find profitable trading situations and not lose heart. _________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
35
Dogecoin, Doge - yesterday I said about it. (-15%)💰In yesterday's video, I told u that coin formed a good breakout pattern. Today price dropped by 15%. Congratulations to everyone who was with me. Now the best scenario will be to pull back to zone 0.36. But it doesn't mean that u must buy now. Wait for a new entry point. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
4
Doge Short or LongFirst of All I want to say that you have to keep critical. Don't take my analysis too serious. Be critical and make your own decision. Dogecoin is a popular Meme coin that has backers like Elon Musk and other famous people. Recently, it got added to Coinbase. Coinbase added it to its Pro function. This has caused a significantly increase and with Elon's tweet finishing it. Now for this chart I have used the Elliot Wave technique. Wave 3 has extended to 1.618 of Wave 1 which it had 45%. I don't see any reverse yet on a 4 hour chart. On a one hour chart there is, but only in values of 3 USDT. If Wave 3 gets longer than 1.618 and reach 2.618 (which it has a chance of 8%), Wave four will consolidate to 0,38 cent which it has a chance of 60%. If Wave 3 does not get higher than 1.618, Wave 4 has a 60% chance of consolidating to 36 cent. But once again, just like we have seen in the past. This cryptocurrency is very independent of Elon Musk. If he times his tweets right, he can cause another increase and this chart can go into the trash can. Also, Coinbase will be adding Doge to it's mobile's app. So keep an eye on that
Short
by culturalCraft7942
1
DOGE, Dogecoin - If it happens, I'll be happy🔥Dogecoin formed a clear triangle. I think if we drop quickly and break out the support level, after that, we go back to the triangle area and start squeezing to resistance, it will be a great pattern for buying. In this case, I'll be sure in a long position. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
19
Time Frame Sync - $DOGEThe chart here is defining 3 possibilities, 2 of which I think most likely. 1. Short term reversal. Scenario produces event of push up to around .35-.37. Looks for new support or dies out. 2. Date range to reach 0.25 if no short term reversal (likely). If we find strong support here, look for sideways movement, into building support and crawling upward (slow). 3. Time frame sync with prior shelf repeating here. Sell off to under .25 to about .17-.19, then slight reversal to .20-.21 to create the next shelf, looking for new support and resistance. Less likely, but probable due to trends. Thumbs if you like, tell me what you don't. Not investment advice, do your own DD & research....and share it with me.
BITTREX:DOGEUSD
by er453d