Doge begging to run (one last time)The downtrend from $1 has been intact for ages. It looks like we (may) finally have a chance to break the trend for a short term upside relief. Lets see if Elon will let the Doges out.
DOGEBTCB_353D32.USD trade ideas
DOGEThey're literally sneding Dogecoin to the moon, before end of year, independent of the DOGE-1 mission.
Trust me bro, elon liked teh tweet.
On a serious note, nothing about Dogecoin is serious, but you get my drift, there are inefficiencies to fill, left behind by the capitulatory price action from late April (4/20 SpaceX event) as well as mid/ late August, both of which are circled on chart.
I anticipate that once back above .07 (psychologically significant, yearly open, yearly poc, mid of current range, etc) these inefficiencies will be revisited in a flash, perhaps on or around the Dogecoin to moon mission.
Important to note, Dogecoin needs absolutely no reason to make this type of move, but it is fun to speculate on the rumor.
Also, please note that I truly belive price can double or even triple a la October 2022 in a week's time. The levels marked in this chart are just the most immediate relevant levels. By no means do I think Dogecoin's short term upside is limited to .09, for example.
Higher time frame and higher price target analysis coming soon.
DOGEIf this is start of an uptrend, you'd want to be a buyer of support here around September's high and previously October's high before this week's move.
Day before yesterday, September's high and the previous October high had been functioning as resistance.
Now that we've cleared both levels to the upside, up to but not through the Yearly Open, as anticipated in my post from earlier this week, here and now is a logical place to buy for the seemingly inevitable return to the psychologically significant .07 level, which also happens to be the Yearly Open and Yearly POC and current range's mid.
If we start closing above .07 then this opens the door for a test of range highs around .08.
See DOGE/BTC post for additional confluence (DOGE is at its range lows against BTC).
-jhonny
What if......if @elonmusk makes of @Twitter the @PayPal of crypto (!!!???)
We will check the levels on this chart. 50% lower parallel Median line as dynamic support zone (test) right now.
Update of:
DOGESeasonality matters.
I truly believe that this may have been the final deviation of our 6 cent giga support.
It's entirely possible that we see something much like end of October 2022 from the lows, in which DOGE nearly tripled in about a week's time.
You have to believe.
DOGE/USDTime to DCA Doge...
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Consolidation Breakdown: DOGE price falls below the $0.060 mark.Consolidation Breakdown: DOGE price falls below the $0.060 mark.
Morning Star: A potential morning star pattern could retest the $0.060 range.
Long-Term Bear Phase: DOGE has been in a bearish trend for most of 2023.
Current Price: DOGE is trading at $0.0588 with no significant intraday move.
Bearish Engulfing: A sharp 3.94% fall forms a bearish engulfing candle.
RSI Indicator: RSI crashes under the 14-day SMA, approaching the oversold boundary.
EMA Alignment: Both 50-day and 200-day EMAs maintain a bearish alignment.
Lower Highs: DOGE continues a trend of lower high formations.
Falling Wedge: DOGE price is trapped in a falling wedge pattern.
Psychological Support: Next crucial support is at $0.050.
Trend Reversal: A jump above $0.060 could lead to $0.065.
Delayed Bull Run: Ongoing bearish trend warns of a delayed bull run for DOGE.
Hamas-fighters-storm-israeli-towns. - Gold bull newsExpect a big move up for gold. Hamas-fighters-storm-israeli-towns. - Gold bull news
www.yahoo.com
The Ultimate Cheat Sheet for Doge Coin. So you need to invest $60,000 and if the price of Dogecoin increased to $0.89, your 1 million Doge would be $890,000.000 Dollars.
Doge traid number 1I'm thinking about removing the BOS structure after that, I'm waiting for a pump to 0.011
DOGE SupportPotential scalp opportunity.
Price is now trending towards support cluster.
Looking to enter and exit quick, as shorts seem to be stacking up for a few days now.
$DOGE Long from bottom of HTF triangleThis is a HTF trade that still allows for a tight stop loss this good R/R.
Will DOGE Price Find Its Tail Under $0.050?DOGE experienced a consolidation range breakout in the 4-hour chart.
After the breakout, the price is retesting the range, indicating a possible further decline.
DOGE might fall to the $0.050 level.
The daily chart shows a falling wedge pattern.
DOGE has dropped by 60% since November 2022.
There's a long consolidation range, with a fakeout at the $0.64 resistance.
Bears currently dominate the market.
The 4-hour chart shows clear consolidation with recent fakeouts.
Technical Indicators:
MACD: Bullish sprout at the support zone and declining bearish histograms.
RSI: Dipped below the midpoint but begins a recovery.
Potential outcomes:
A recovery could lead the price to $0.064.
A drop below $0.064 could send DOGE to $0.050.
upcoming doge cycleThe trading community and doge price push have cyclical trends,
The doge's cycle revolves around 600-1000 days.
The big doge cycle is about to return.
Doge and Patience (Low Risk - High Reward)Dogecoins notable lowest
- 0.045 area
Dogecoin recent area of highs and lows
- 0.045 area to 0.09
Dogecoin is driven by hype
Assuming the worst on Doge being bearish (and crypto not crashing, very unlikely)
- would assume a 20% loss
Patiently waiting
- could at least hit 43%
History, media, and Elon almost guarantees
- periods of breakouts
Wait for the breakout...
Set stop loss at 30% loss
Accumulate.
Elon send itElon Reeve Musk is a business magnate and investor. Musk is the founder, chairman, CEO and chief technology officer of SpaceX; angel investor, CEO, product architect and former chairman of Tesla, Inc.
Doge-Usd chart history as you can see we took doge's chart from a few years ago.
Over the first few years I have drawn the fib levels from the top to the bottom and if you look at where they end up is identical.
The bounce often goes with a good wick to the 0.5 fib level and is brought back to the 0.236 and if it finds support there we move towards the 1.618
Check out the chart and we hope for a good trade.
good luck
DOGE/USD: making sense of the long corrective price actionI have 2 different counts to make sense of DOGE price action. One assumes the correction is almost over and it is time for the next bull market; another one assumes a bit longer to go.
The Orange WXY count is a zigzag and a flat connected by a flat. Currently the C leg of Y is playing out as an ending diagonal structure. In this count, we should see a break of the triangle structure and couple of more legs down to about .03 to complete the correction within the next six months.
The black is a triangle which should be ending soon. Even if it drags on a while longer, we should not see the June low of $.05 break. In either case, the Primary wave 5 target would be around $5-$6, even it sounds crazy. That's another 100x from the June lows!
The general markets including the crypto market are in a strange place. There is a lot of negative sentiment but we are not seeing a total collapse either. These are very interesting times, indeed!
Doge Is Inside A Triangle That Can Rise If Not Break DownThe doge is inside a triangle that can rise if it does not break down, and confirmation of the rise will be by penetrating the triangle upward.
Dogecoin fractalRough estimate on when dogecoin will end this accumulation phase and possibly make a run close to its all time highs... just a fractal nothing serious :)
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dogecoin.
Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs.
However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
