Dogeanalysis
WILL YOU 'DOGE' THIS???Hello traders, here's a quick update on the DOGE coin.
Dogecoin did exceptionally well in the last 3 days. A 165% rally from the rock bottom of $0.06 all the way to $0.16 is simply great. It is too early to call it a 'rising wedge' pattern but a massive rally like this in no time is no joke. Although the rising wedge pattern technically tends to be bearish, we cannot assure anything on dogecoin because of Mr. Elon Musk. He literally owns dogecoin and can do anything with the power he holds.
From the technical term, if Doge breaks and closes below the support line, we may see some bearish move but if it bounces back and breaks above the resistance trendline then we may witness some more bullish rally.
I hope this update is helpful to you. Trade safely.
DOGECOIN Doge price broke downtrend line, what will happen next?Here is the chart of the DOGEUSDT trading pair for the last 2 years.
The downtrend of DOGEUSD price has been going on for 17 months and speculative interest in this manipulative coin has most likely disappeared for many.
But on the other hand, there are probably many investors who are stuck in this coin and the deposit is now in drawdown
Most likely, this idea is primarily for them.
Since June 2022, which is 5 months, the DOGE price has been consolidating in the liquidity zone of $0.04-0.08. It was in this liquidity zone at the beginning of 2021 that the DOGEUSDT price consolidated before the final pump of +1400% in 2021.
And today, DOGECOIN buyers are trying to break up through the falling trend.
However, it is too early to rejoice, there is a strong and liquid level of around $0.085 in the way of buyers.
Most likely, buyers will not be able to overcome this milestone the first time.
If you have a long position DOGEUSDT, then as the price approaches $0.085, you need to be very careful, because a correction to $0.065 may begin in the future
So, in our opinion, it is safe to long DOGE either from $0.065 or after the DOGEUSDT price can confidently consolidate and fix above $0.085
Medium-term target for DOGECOIN price growth is $0.125-0.135
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Dogecoin forecast Update 🧐🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision.
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Update DOGE: Up 28.73% ! 86% potential gains 🚀🚀Since the first post. Doge pumped 28.73% already.
Time to move the stoploss higher, to lock in even more profits. I'm not seeing any bearish divergences yet. Still enough room to go.
Let's see how high it can go!
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
$DOGEUSDT - Breakout & Reversal play with 15% to 50% upsideTechnical Analysis (TA)
Weekly Chart is showing signs of breaking out/reversing from the overbought zones.
The daily chart is breaking out of the resistance level of 0.07776 and attempting to break above the 100ema with solid indications of a reversal.
On the weekly we have plenty of space to fill up until the 0.09 level and further upside (if overall trends are good) to 0.117.
Price Target
Entry: 0.78
Target 1: 0.09 (+15%)
Target 2: 0.117 (50%
Update DOGE: Up 17% ! 86% potential gainsSince the previous post. Doge pumped 17% already.
Time to move the stoploss above my entry point, to lock in some profits. The rest is free trading.
Remember to always take profits and use proper risk management!
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Like To Use:
I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for possible downtrends.
DOGEUSDT 3D Dogecoin price tries to find the bottomFor your attention, the DOGEUSDT chart trading pair on a 3-day time frame.
The downward trend at the DOGEUSD price has been going on for more than 14 months and speculative interest in this manipulative coin has most likely disappeared in many.
But on the other hand, there are probably many investors who are stuck in this coin and the deposit is now in a slump
Most likely, this idea is primarily for them.
More than a month, the DOGE price consolidating in the liquidity zone of $0,04-0,08. It was in this liquid zone at the beginning of 2021 the DOGEUSDT price consolidated before the final pump by 1400% in 2021.
Currently, we do not believe that such a powerful pump will be organized in the near future. However, at the moment, a "Double bottom" reversal pattern is forming, just like at the beginning of 2021.
The first strong resistance level from above is $0,08, the next is $0,1
The negative scenario will activate if the sellers manage to fix the price below $0,04, then a continuation of the strong fall in the Dogecoin price is possible
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
DOGE bullish flag!!#DOGE/USDT
$DOGE is below upper line of descending parallel channel.
🐮 break out from this channel can act as bullish flag pattern and increase price to resistance zone between $0.1 and $0.105.
🐻 rejection from upper line and break down from middle line will drop price to lower line of channel around $0.075.
Cryptocurrency DOGE - big move soonDogeusdt, unlike the BTCUSDT did not update the minimums, which were set in February 2022.
Perhaps at Dogecoin are more patient and confident investors than most cryptocurrencies lately.
You can find out by watching the behavior of the price in the future, and you can try to go into the medium-term trade, with a relatively short stop, the choice of course is up to you:
Enter the position in the area of $0.113-0.117
Stop below $0.1072 (-6.8% of entry point)
Take profit in area $0.175 (+52% of entry point)
Profit / loss ratio 7.7 / 1
If you dare to trade, the stop is mandatory, because below it opens a void to fall at least another -20%
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
$DOGE @elonmusk is buying Twitter...probably nothing...Analyzing $DOGE is like doing Elon Musk analysis. The two are connected and unpredictable.
We can however see that the movement is bullish and the ATH has been running for almost a year (May 8th 2021).
In the $DOGE foundation there are both Musk and Buterin and this coin has yet to take its revenge on the other Dog.
If the rise starts as it seems, I thought about the TP (green) and the SL (orange) reached each step.
The FIB time cycle suggests that something may happen around June 10th, but I think it happens sooner.
And yes! Musk is buying Twitter...probably nothing...
DOGE already broke out on the 4TFI didn't check the smaller time frames, I just saw the weekly setup, but as you can see if we had entered at the bottom we would have gained a nice 40% on your investment.
I would personally wait for it to reach around $0.15 (£0.11) before investing.
NOT FINANCIAL ADVICE
(JUST A SHORT TERM INVESTMENT IDEA)
DOGEUSDT 1D TA : Can Bullish?Break the downtrend line and if stabilized, it is likely to climb to the specified limits. Otherwise, with the correction of the market, it is likely that the downward trend will continue on the line. If it loses trend line support, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark