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Dogeanalysis

DOGEUSDT.2HFor the DOGE/USDT chart provided, here’s a professional technical analysis: Timeframe: The 2-hour timeframe depicted is useful for assessing short to medium-term trends and identifying intraday trading opportunities. Ichimoku Cloud: The price is currently within the Ichimoku Cloud, indicating a potential zone of indecision or consolidation. A breakout above the cloud could suggest a bullish trend, while a break below could indicate a bearish trend. Trendlines: The chart does not clearly show any trendlines, but typically, these would help identify the direction of the price movement. The absence of clear trendlines suggests the market might not have a strong directional bias at the moment. Resistance Levels (R1, R2, R3): There are multiple resistance levels marked on the chart. The price is nearing the first resistance level (R1). A break above this level could suggest bullish momentum, potentially leading to a test of higher resistance levels (R2 and possibly R3). Support Level (S1, S2): The support levels are well below the current price. If the price were to fall, these levels could serve as potential areas where the price might find a floor and potentially rebound. Relative Strength Index (RSI): The RSI is around 57.3, which is neutral, indicating neither overbought nor oversold conditions. This suggests there is room for the price to move in either direction without immediate pressure from RSI extremes. MACD (Moving Average Convergence Divergence): The MACD line is very close to the signal line and near the zero level, indicating a lack of strong momentum in either direction. Traders would watch for the MACD line to cross above the signal line as a bullish indicator or below it as a bearish indicator. Conclusion: The DOGE/USDT pair appears to be in a state of equilibrium, trading within the Ichimoku Cloud without clear direction on the MACD or strong sentiment from the RSI. The proximity to the R1 resistance level suggests that this could be an area of interest for both bulls and bears. A breakout or breakdown from this zone, confirmed by volume and other indicators, would provide a clearer directional bias. As always, it is crucial to consider the broader market context and news that may impact the asset's price and to employ risk management strategies when trading.
by MarsSignals
Cryptolean Dogecoin DOGE Update Following overall bearish sentiment in the Crypto market, Dogecoin price declined from $0.179 resistance. A closure below $0.145-$0.155 is likely to lead to a decline towards $0.121, also facing support at $0.132. A reversal from its current price location and a bullish break-out of $0.156 will push DOGE price towards $0.18 and higher to $0.20. Intraday Chart The DOGEUSDT 4-Hour chart is bearish and more downside is very likely. A bullish break-out of $0.149 will place #Dogecoin into the intraday range zone and will push price to the key intraday resistance of $0.182. A bearish rejection of $0.149 resistance will push price lower to $0.095-$0.11, the key support zone, also facing a support at $0.131. Support once read! Thank you.
by Trade-Lean
Cryptolean Dogecoin DOGE Update Dogecoin is bullish in the daily chart and consolidating between $0.15 support and $0.18 resistance. A bullish break-out of $0.179 will push DOGE price towards $0.20 and higher to $0.24. $0.145-$0.155 acts as a daily support zone and below it, Dogecoin will decline towards $0.121. Intraday Chart The DOGEUSDT 4-Hour chart is neutral and trading in the wide intraday range zone where the price action will be slow and boring. A bullish break-out of $0.182 will make #Dogecoin bullish in the 4-Hour chart and the bulls will send price to the key intraday resistance zone of $0.221-$0.236 and higher. A bearish break-out of the key intraday support of $0.15 will push price lower to $0.11, howver this scenario is unlikely. Like once read! Thank you.
Long
by Trade-Lean
DOGEUSDT.1DBased on the provided market data, DOGE/USDT is currently priced at 0.14 USDT. The Relative Strength Index (RSI) values suggest that DOGE is approaching overbought conditions on the 1-day (88.91) and 7-day (77.96) charts, but is still in a relatively neutral position on the 4-hour chart (67.24). The Moving Average Convergence Divergence (MACD) values indicate a bullish trend across all time frames, with the 1-day MACD being the strongest at 0.01318. The Bollinger Band (BB) values indicate that DOGE is trading near the upper band on all time frames, which usually suggests a potential pullback or slowdown in the upward movement. The support levels are at 0.1339, 0.1165, and 0.1104 on the 4-hour chart; 0.1107, 0.098, and 0.085 on the 1-day chart; and 0.1025, 0.073, and 0.053 on the 7-day chart. The resistance levels are at 0.1527, 0.1589, and 0.1741 on the 4-hour chart; 0.1513, 0.1585, and 0.1756 on the 1-day chart; and 0.1595, 0.1887, and 0.1950 on the 7-day chart. In my opinion, while DOGE is showing signs of being overbought in the short term, the overall trend remains bullish. However, it's important to note that due to the high RSI, a temporary pullback or consolidation may occur before any further upward movement. Traders should keep an eye on the support and resistance levels for potential breakout or reversal points. As always, it's crucial to consider other market factors and your personal risk tolerance when trading.
by MarsSignals
DOGE → Hitting The Bottom and About to Rocket Past $0.10? Doge pulled back 30% from its recent high just above $0.10, leaving the bulls to wonder if we're continuing to the downside or putting in new highs. Is this the time to enter a long trade? How do we trade this? 🤔 The answer is yes! We have several market indicators that point to a 1:2 Risk/Reward trade right here at this moment. We have three pushes down in our pullback from $0.10, 3 failed attempts to make lower lows in a trading range, and an RSI that is low and above the Moving Average; Bitcoin as a market indicator is showing signs of making another attempt toward the upside as well. We're 10% away from the Support zone with plenty of runway before hitting the previous high at $0.10. These are optimal conditions for a long trade. 💡 Trade Idea 💡 Long Entry: $0.0805 🟥 Stop Loss: $0.0705 ✅ Take Profit #1: $0.0905 ✅ Take Profit #2: $0.1050 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes down in the pullback from $0.10 2. Three failed attempts to break a new low in the trading range 3. 10% away from the Support Zone and 34% away from the previous high of $0.10 4. RSI at 43.00 and above the moving average which are ideal conditions for a long 5. Bitcoin showing signs of a move toward the previous high 💰 Trading Tip 💰 Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
3
DOGE → First Sell-off Complete! Another Push to the Downside?Dogecoin, along with the rest of the crypto market, had a severe bear response to Bitcoins completion of its measured move. Are we in for another leg down? How do we trade this?  🤔 I don't think it's reasonable to short here, not yet at least. We need a little more recovery from the first sell-off toward the Resistance Zone at $0.0865. If we get a sell signal from that area, it's reasonable to short Doge on the Daily chart toward the initial support of $0.0675. Until then, it's best to wait on the sidelines for the RSI to come up, and the bears to recharge. It may be a while before Doge recovers and heads to a new high in this trend. The macro-trend is bullish in the crypto market, so we should be cautious when capturing these bearish movements on altcoins. 💡  Trade Idea  💡 Short Entry: $0.0835 🟥 Stop Loss: $0.0890 ✅ Take Profit: $0.0725 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Bull Channel Concluded with a Double Top Reversal. 2. Trend Changed to Trading Range then 1st Push Down. 3. Bounced off of 200EMA Support, wait for new Sell Signal. 4. RSI at 36.00 and below Moving Average. Bias to Short. 5. Wait for Sell Signal After Test of Resistance Area. 💰  Trading Tip  💰 Channels are often concluded not with a strong reversal, but first a stall of the trend with a trading range. A reversal is likely if the trading range comes at the end of a three-leg trend. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
Low Risk Doge Long TrialConsidering that other cryptocurrencies have experienced some price fluctuations, I still anticipate further potential for growth in DOGE coin. However, with New Year's Eve approaching, I plan to adopt a cautious approach by implementing a stop loss. It's worth noting that DOGE may trigger the stop loss and then continue its upward trend, so I'll leave some flexibility in my position to either close it or let it ride. It's essential for everyone to establish their own risk management strategy, so make your decisions thoughtfully. This is my trial. Not a financial advice.
Long
by Dantefe
DOGE → Hinting at a Drop! Are we going back to $0.05?Dogecoin is starting to show signs of converting to a trading range after a strong bull run. We have a potential double top reversal pattern playing out after three good pushes to the upside. Does that mean we're heading down? How do we trade this? 🤔 Three pushes up, potential double top reversal pattern, RSI at 62.00 and below the Moving Average, these are the key data points that should bring us caution when the thought to long crosses our mind. What we're missing right now is a confirmation candle and a lower low to give us enough probability to enter a short scalp and maybe a partial swing. A final sell signal at the Previous High of $0.10750 would be ideal, giving us enough range for a 1:3 Risk/Reward Ratio. Using my favorite approach, take half profits at $0.10 (1:1 Risk/Reward), move your stop loss up to your entry price, then swing the remainder to 1:3 Risk/Reward at $0.09. 💡 Trade Idea 💡 Short Entry: $0.10500 🟥 Stop Loss: $0.11000 ✅ Take Profit #1: $0.10000 ✅ Take Profit #2: $0.09000 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Three Pushes Up, Potential Double Top Reversal. 3. Could convert to Trading Range between $0.0875 and $0.10750. 4. RSI at 62.00 and below Moving Average. Bias to Short. 5. Bitcoin is running hot to the upside, risk of trend change. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
DOGE → Updated Double Top Analysis! Our First Target is $0.07?Doge is failing to retest the $0.1075 level and has instead meandered sideways in the $0.9500 range. Are we in a position to short here? Long? Or simply wait on the sidelines? How do we trade this? 🤔 We need to wait. We are still in a bull channel which means our bias ought to be long, but we have several datapoints that counter that bias. 1. Three pushes up, a typical number of legs in a channel before the probability of trend change exceeds the probability that the trend will continue. 2. Double Top reversal signal. These can fail, but coupled with the three pushes, increases the probability of a trend change. 3. Bitcoin showing signs of trend change and as a leading market indicator may drag Doge down with it. We need to wait for a break below the Weak Support line and the Support Zone. The break is the bear signal, then we need a retest of the Support Zone as resistance with a strong bear candle closing on or near its low to confirm the price can't make it back up. At this time, its reasonable to short a 1:3 Risk/Reward placing a protective stop just above the previous Support Zone. Take half profits at 1:1 Risk/Reward ($0.082 area), and final profits at 1:3 ($0.69 area). It's also reasonable to swing the latter half of your position beyond 1:3 R/R, until a proper buy signal appears. 💡 Trade Ideas 💡 Short Entry: $0.84 🟥 Stop Loss: $0.89 ✅ Take Profit: $0.69 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Three Pushes Up, Double Top Reversal Intact. 3. Need to Break Weak Support and Support Zone to Short. 4. RSI at 46.00 and below Moving Average. Bias to Short. 5. Watch Bitcoin for trend change, may drag the market down. 💰 Trading Tip 💰 Trading against the trend carries a low probability of success, but a much higher reward with a low risk. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
DOGE → Ready to Rip! Ascending Triangle Says Long? Let's Answer.Dogecoin has had some fantastic bullish action as of late! If you followed my previous 4HR analysis from December 5th and longed, you made out with a 1:3 trade. What we're looking at now is another nice long setup, but should we take it? How do we trade this? 🤔 We have an ascending triangle which is a bullish pattern following a strong bull macro trend, the 30EMA is also giving us great support. The answer is yes, I would long now! Long here and place a protective stop just below the 30EMA and ascending triangle support line. Sell half of your position at 1:1 Risk/Reward at 0.10700, move your stop up to your entry, then swing the remainder to at least 1:3 but preferably, until you see a reversal signal. The next strong resistance is at $0.15. 💡 Trade Idea 💡 Long Entry: 0.101500 🟥 Stop Loss: $0.09600 ✅ Take Profit #1: $0.10700 ✅ Take Profit #2: $0.11800 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Macro Trend is Bullish, Bias to Long! 2. Established Support at $0.0875. 3. In Bullish Ascending Triangle Pattern. 4. RSI at 59.00 and Below Moving Average, Does not Support Long. 5. Long here and place protective stop under 30EMA. 1:3 R/R. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
DOGE DOGECOIN Technical Analysis And Trade IdeaIn recent times, DOGE has showcased a robust bullish trajectory. This video meticulously delves into the Dogecoin trend, intricately scrutinizing price action and pinpointing potential trading opportunities through a comprehensive evaluation across both the weekly and daily timeframes. Expect a thorough examination of price dynamics, market structure, trend analysis, and pivotal technical analysis elements. It's imperative to highlight that the information presented is strictly for educational purposes and should not be misconstrued as financial guidance.
Long
by fxtraderanthony
DOGE → A Rip to $0.10! Will We Continue to $0.15 and Beyond?Dogecoin ripped through the $0.88 Resistance, found support on it, then blasted through the next resistance of $0.10! My previous analysis projected this outcome and successfully closed the proposed trade. Where does the Doge price go from here? How do we trade this? 🤔 We're now zooming out to the Weekly candles to see where the next Resistance Zone is and it appears to be in the $0.15 to $0.16 range. That's a 50% increase in price from where we are now! To take advantage of that range, we need to take a breath after those last few Daily bull candles and wait for a pullback. This Weekly candle needs to close bull followed by a bar or two of sideways price action. It's reasonable to zoom into the Daily chart for more detail and I'll provide updates on that chart here as the days pass. Once a pullback is completed and we have the proper signs of continuation, it's reasonable to long again for another 1:3 Risk/Reward trade! Look for strong bull channel support or the 30EMA once it catches up to the price. RSI is also at 74.00 which supports at least a pullback. Be very careful here as it wouldn't surprise me if we get a rapid sell-off in response to the rapid buy. Markets are about balance and right now, we're a bit out of balance. 💡 Trade Idea 💡 Long Entry: $0.0990 🟥 Stop Loss: $0.08435 ✅ Take Profit: $0.14300 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Breakout of Bear Channel, Bias to Long! 2. Wait for Weekly Candle to Close Before Entering. 3. Test Bear Channel Support Means Higher Probability of Profit. 4. RSI at 74.00, Bias to Short. 5. Best to wait for pull back before entering. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
DOGE : RALLY before OR after XMas?Hi Traders, Investors and Speculators of Charts📈📉 As seen on the chart, I've highlighted some potential signs that will help to determine whether we can expect a rally before the 25th or after the 25th / in 2024 : - If Doge is getting ready for a rally before the 25th, we can expect to see some higher lows. Currently we're trading lower than we did two weeks ago this time. - If Doge continues to trade range, it's more likely for another wick towards the lower support zone before we observe a breakout. The price action over the next two weeks will indicate whether or not we can still expect a rally this year, or only next. For the short term, I'm leaning towards lower price action on DOGE, expecting one more wick towards the lower support : The main reason for my short sentiment, is the clear bearish technical indicator in the short term: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:DOGEUSDT BINANCE:DOGEUSD
Short
by CryptoCheck-
16