DOGE: 2024-2025 bull run.Looking at the previous pattern, some time before the end of the year Crypto bull run should peak. But usually it ends in December or April
Just take it as information.
Happy trading.
DOGEVVS_2C3032.USD trade ideas
Trading Idea for DOGE/USDT: Potential Bullish Flag Pattern
The DOGE/USDT chart is currently showing a potential Bullish Flag pattern after a strong upward movement. This pattern suggests a consolidation within a narrow range before the price might continue in the direction of the prior trend. However, for confirmation of the pattern, the price needs to break above the key resistance level.
Key Levels:
Resistance (Upper boundary of the Flag): $0.4389
This level is the key point to watch. A break above this level would confirm the pattern and suggest a continuation of the upward trend.
Support (Lower boundary of the Flag): $0.3345
This level acts as support. If the price drops below this level, it could indicate a trend reversal, invalidating the bullish setup.
Potential Scenarios:
Bullish Scenario (Potential Breakout):
The current Bullish Flag pattern has the potential to trigger a breakout if the price breaks above $0.4389.
If the price moves above this level, we expect a continuation of the bullish momentum towards $0.50 and potentially higher to $0.55, depending on market conditions.
Price Action: Higher lows suggest accumulation and readiness for upward movement once the key resistance is broken.
Bearish Scenario (Failure to Break Resistance):
If the price fails to break $0.4389 or drops below $0.3345, the bullish potential is invalidated, and the price could move lower towards $0.30 or $0.25.
Price Action: Rejection at the upper boundary or a break below support would signal weakness in the market and a possible trend reversal.
Target & Stop Loss:
Target: If the price breaks above $0.4389, the first target would be $0.50 and potentially $0.55, based on the height of the Bullish Flag pattern.
Stop Loss: Place the stop loss just below $0.3345 to manage risk in case the market moves against the expected breakout.
Volume & Momentum:
Look for a surge in volume when the price approaches the $0.4389 resistance. A valid breakout is often confirmed with an increase in trading volume.
RSI is at 58.61, indicating positive momentum but approaching overbought levels. This suggests a breakout may be likely if volume supports it.
MACD shows bullish momentum, with an upward crossover, signaling continued strength in the trend.
Price Action Signals:
The series of higher lows within the Flag supports the idea of a potential breakout, confirming the market is accumulating before moving higher.
Failure to break above $0.4389 would result in price rejection, suggesting a reversal could occur.
Conclusion:
The Bullish Flag pattern is potentially forming, and a breakout above $0.4389 will confirm the continuation of the bullish trend. Monitor volume closely to confirm the breakout. If the price fails to break resistance or breaks below $0.3345, it could signal a trend reversal, so consider adjusting your position accordingly.
DOGE USD UPDATE please no So, I know I posted this a while back it gotten all matter of attention probably one of my better performing posts. But here is an update. So we got a small rise which was cool but the breakout we got was not significant (GOOD) enough I don't think to continue a trend upward if this candle closes today Red we can expect a reversal coming in hard, This is a high point for doge in a while and I'm afraid people are starting to take their profits while it's there, I even sold my little $25 position where I manage to double it on this play.
So, this is a sign of caution unless this red candle finishes green on the daily, I am afraid there will be a reversal happening now I could be wrong, but it's likely that it will reverse due to the fundamentals of Trading trends and chart patterns. My strategy is to look for good breakouts and then put in a trade and ride the wave upward that's as simple as it gets. But it did not fulfill step one in this trading strategy and that is having a good breakout meaning one LARGE Green candle stick OR 3 similar sized green candlesticks.
To be honest that RED candle stick on the daily has me shook to the core.
NOT FINANCIAL ADVICE, I AM NOT A FINANCIAL ADVISOR, I AM A REGULAR EVERYDAY GUY WHO IS TRYING TO MAKE IT IN THIS GAME. THIS IS SIMPLY MY OPINION I don't do the whole "smart money", "whales", "FOMO", Etc... Chit chat to me I learned that is just toxic trading and it can be very misleading to people who don't understand. My Goal is to learn and document my findings in a simple way that fellow newcomers can have a simple foundation and grow with me.
I am always open to learning, criticism, and debate feel free to correct me if I am wrong and confirm if you agree. I am not a professional, but I am learning to be a better analyst.
2021 Doge Bull Market Vs Now2021 Doge Bull Market Vs Now.
Keep in mind the price discovery phase should shoot way past previous ATH...
Everyone else is bearish here, im super bullish. (btc could fck us though)
Cut of tea with DOGE and then off to the moonNow that's a cup a can drink tea out of!
New trader. Don't really know what I'm doing yet so don't listen to me. Still trying to master impulsive decisions, and emotional decisions.
Sentiment around DOGE seems very positive in the past day or so with the price being above moving averages and yesterday (Nov 18th) having broke out of the the triangle thingy.
Following a slight correction.... coincidentally around my tea time, we have a cup and handle formation taking place. Once the handle has formed allowing sufficient time for the tea bag to steep we shall get into Elon's rockets for liftoff to the moon. Sometimes rockets malfunction so make sure you have your fire extinguisher nearby (stop loss).
In a parallel fashion it appears that BTCUSD is continuing to push to 100k at which point I fear might bring some darker clouds leading to a correction on the pair, and may ultimately pull the key alt-coins down with it (SOL, ADA, SUI, DOGE, etc...). You might be thinking that's total non-sense and I know not what I'm doing --> very true.
Drew a fib extension on the chart to give ideas of where the profit could be taking or where the trend may turn around.
Good Luck, Encourage!
DISCLAIMER: once again, I know not what I'm doing so don't consider the above as financial advice. I'm merely contributing to market sentiment around DOGE as of Nov 19, 2024.
DOGE - how price is growing at overheated bull marketHere is how price is growing at overheated bull market.
+137% for 8 days
DOGE leading Diagonal in 1w position, rare figureHere is my alternative waves count. Diagonal in this position is rare figure in both scenarios, a bear and a bull. The ratios are matching for labeling variants.
In this situation an external indicators may help us to decide which side is right.
A Diagonal is only five-wave structure in the direction of the main trend, within which wave 4 almost always moves into the price territory of wave one and within which all the waves are "threes" or can be labeled 5-3-5-3-5;
A Diagonal appears occasionally in the wave 1 position of impulses and in the wave A position of Zigzags. An ending diagonal occurs primarily in the fifth wave position at times when the preceding move has gone "too far too fast". A very small percentage of diagonals appear in the C-wave position of A-B-C formations.
In all cases, they are found at the termination points of larger patterns, indicating exhaustion of the larger movement. Ending diagonal often ends in a “throw-over,” i.e., a brief break of the trendline connecting the end points of waves one and three.
Have a fat profit!
DOGE Fib spiral path to $4.2069Higher! Fib spiral is on its 3rd iteration of following the golden ratio and has broken recent resistance lines heading to fulfill the prophecy.
DOGEDOGE a little behind schedule from my previous idea that predicted $1 around election. Still think we can get there before the end of the month.
Feels like in this moment, market about to get its weekly reminder that there is no second best meme.
1.) Flip mid of the whole move
2.) Sned November swing high
3.) Backtest November swing high as support
4.) 618 of the whole move
DOGE at a Crossroads – Four Scenarios to WatchHey trading family, let’s break down what’s happening with DOGE. Right now, the chart is setting up for some key moves, and here are the four scenarios I’m watching:
Break above $0.38: If this happens, DOGE could push to $0.43 and then test the $0.50 zone.
Break lower on the 4-hour: A retest of the $0.34-$0.33 zone is likely.
$0.34-$0.33 fails to hold: We could see DOGE correct further to $0.27-$0.25.
This is a make-or-break moment for DOGE. What’s your plan if we pump or if we pull back? Let’s trade smart and stick to the plan.
Like, comment, and share your thoughts! Got your own ideas or questions? Send me a DM – I’d love to hear from you.
Mindbloome Trading // Kris
Trade What You See.
DOGE - $0.84 is imminentDOGE has been doing its thing and creating a bull flag over this past week and everyone knows it. only a matter of time before we get momentum upwards.
not trading advice
tjg
$doge pre-moon party?Doge is breaking out of a bullish wedge. The blue wedge means there is a long term uptrend incoming. If we can get some good volume coming in, and continued green candles on Bitcoin, I think there is a good chance doge will break past the resistance at 48 cents in the next few days
www.tradingview.com
TradingView toolsJust a great view of a chart with technical indicators made by pinecscript coders of this amazing application of TradingView.
DOGE - THE ULTIMATE MEME - $2.41 - CryptoManiac101Here's a quick TA analysis based off a macro analysis with the usage of fractals.
1. Fibonacci Levels:
- The chart highlights significant Fibonacci retracement and extension levels.
- The price has respected key Fibonacci levels (0.236, 0.382, 0.618), indicating that these levels are significant support/resistance zones.
- The next major Fibonacci extension level is marked at 1.618 (1.3648), suggesting a potential target for bullish continuation.
2. Current Price Action:
- DOGE is trading near $0.3575, consolidating below a key Fibonacci level 0.786 retracement at $0.3181).
- This could act as a short-term support level, while resistance lies above at $0.4627 (Fibonacci level 1).
3. Trend and Momentum:
- Historically, DOGE has exhibited strong parabolic runs following consolidation periods. The current structure resembles previous accumulation phases, which led to significant price spikes.
- If the price breaks above the $0.4627 level with volume, it could signal a continuation toward higher extensions like $1.3648 and $7.8557 (2.618).
4. Downside Risk:
- If the price fails to hold above the 0.3181 level, the next support zones are at 0.236 (0.1214) and 0.1568 (0.382 retracement).
5. Med-Term Projection (~3 Months):
- The chart suggests potential for a large upside move based on Fibonacci extensions, provided macroeconomic and market conditions align.
- However, DOGE is known for high volatility, and these targets are speculative.
Actionable Insights:
- Watch for a breakout above $0.4627 with strong volume for confirmation of upward momentum.
- Monitor support levels at $0.3181 and $0.1928 (0.5 Fibonacci) for potential buy opportunities in case of retracement.
Remember that this not a financial advise and is for entertainment purposes only.
Doge updateNot 2 without 3 Part 2.
We are 3x here from when I posted my charts.
Broke resistance. Doge is launched for its bull cycle now. In xmas 2020 we dropped 35% in a day. Do not leverage now, anything can happen, the markets likes to shake everyone leveraged before the final push. Hope you accumulated Spot during these months, I tried to help people.
Navigate this by holding Spot. and keep 20% Cash for a leverage position to open after a big drop. It will come. It always did.
Leverage 3x then and enjoy the ride.
DOGECOINA great opportunity on this pair, simply looking for the market to break out of our structure then ill be ready to execute my trades. Am certain the market is going to break our structure to the upside as this has been a repetition of the market structure and the nature of how the market move.
Doge: Buying dips until bullish sequence is overSince the breakout from the $0.14 level, Doge has been on a rip. Right now, we are seeing the first pause on this run. A modest 23% draw down looks to be the reload area. But keep in mind that we have only seen a 3 waves sequence. Until a full 5 waves sequence is complete, there is always a chance of full retracement. So, it is imperative to put a stop loss to keep the capital safe. In the situations like this, it cannot be a risk-free mode. Will need to take some risk. And this case, the risk to get in here is over 35% (but with a significant reward possibility or more that 10:1). The invalidation area is all the down at $0.2. But if things work out and we get a full sequence, stop line can be raised up along with taking some profit at the end of one leg and getting it back during correction will eventually make it fairly risk free until it reaches the Minor wave 1 target, which could be an ATH at about $1.5. Next few weeks will most likely be busy.
DOGEUSD looks overextended from big-rises. Sell or buy Dip
If you follow the stochastic's at all, esp. on higher timeframes, if you don't well that is fine, but I will share my tip, you never want to see K line (generally blue) crossing down on the D line if you are in a Long position, but an even further bearish possible move is when the K-line crosses down on the 80 Stochastic's level.
Now the fundamentals of the indicator are similar to the Relative Strength Index (RSI), anything above 80 and staying above 80 will become further overbought in a situation where there has been too much recent buying demand orders executed and as such sellers will usually move-in, but traditionally not until k Crosses-down on 80, getting to 75 will probably seal the deal short for sellers as this crossing of K needs to be a sustained crossing and needs to be moving down, this would occur much slower on a daily timeframe of course. Drop to lower timeframes and see what the oversold/overbought condition is for Stochastic's on lower TF's because the more confluence you have with the Daily the better.
It does not necessarily have to be on the Daily, but bigger timeframes carry bigger profits, generally, depending on SL position and risk/reward. Often, the first TF to meet the setup will be a lower TF, but profits can be made on a Crossing of the Daily chart, it would mean the trade is probably safer in higher TF, by that I mean trade goes your way in your intended direction, in this instance Short.
But here is the controversy of Stochastic X-ups (bullish above 20 level) & X-downs (bearish on a break of 80 lower), they are not very reliable when you are going against the trend.
For example, the DOGEUSD crypto has had a massive run lately since bitcoin reached around 75k, despite being at a great price, I believe, its price is overextended and considerably above the 200ema daily, so it becomes a sort of mean reversion situation where sellers form an idea from Stochastic's RSI Price action etc, that it's price needs to cool a bit as its overbought and too much current demand has driven the price too high, but here is the thing, shorting- Doge when its in a bullish uptrend with price above EMA's especially 200 will not be easy.
So this method works better when you are trying to move price (down or up) in the direction of the trend and the path of least resistance. One of the main reasons is because the RSI and Stochastic's give a mixed message when the trend is not your friend. This is because momentum is still to the upside long when above the 80 level on Stochastic's and RSI, momentum is still to the bearish downside when Stochastic's' is below the 20 level. This continued momentum can last a long time in these extended zones above 80 (bullish momentum) or below 20 (bearish momentum) but usually at some point a diminishing momentum occurs as the market forms an opinion that the instrument is overbought > 80 or oversold < 20.
So, the Daily chart shows how price is tipping over, right now a lot of other TFs showing bearishness as well on Stochastic's.
I hope this helps your understanding, a bit long but its a lengthy topic.
By the way, I don't think I will be selling DOGEUSD despite the reasons above, BTCUSD chart does not share this quality of bears moving in, at least not last time I checked a few hours ago.
DOGE USD According to the trendAccording to the trend on multiple time frames, This is showing a bullish pennant pattern. So again we will be patient and WAIT FOR A BREAKOUT because as we know reversals do happen.
$1 the next target ? Doge needs to break the 0.43912 Resistance; once that break we should expect 0.50 , 0.60 , 0.80 and lastly $1
We seen XRP hit over $1 and now its Doge Turn to hit $1.
0.34000 , 0.3580 & 0.36673 became a support; all we need is a big breakout and the flag is created..
Once breakout happens and will be fine but big feeling 1$ is the target for longterm.
Please use your own proper risk management and analysis
Prediction for this weekends DOGE movement.
History shows large moves in price action usually happen for Doge or crypto in general between Friday midnight and Monday noon.
The fact that we are seeing strong support that has been tested 7 times in the last 5 days @ .35. And the 30day/30min chart showing a bullish pennant pattern. I believe it is highly unlikely we fall below that current support level and are ready for a retest of the .45 level.
Dogecoin Lawsuit Against Elon Musk and Tesla ConcludesThe legal battle involving Elon Musk, Tesla, and Dogecoin has officially come to an end. Investors have opted to withdraw their appeal, effectively ending the lawsuit that accused Musk of manipulating the cryptocurrency market.
Originally, investors claimed Musk's social media presence and public statements, including a memorable appearance on NBC's “Saturday Night Live,” were strategic moves to inflate Dogecoin’s value for personal gain. The sought-after damages were a staggering $258 billion, as the complaint underwent multiple revisions over a two-year span.
However, on August 29, Judge Alvin Hellerstein dismissed the case. He reasoned that Musk's remarks, such as calling Dogecoin the “future currency of Earth,” couldn't reasonably be seen as fraudulent or manipulative. This week, in a significant development, investors have chosen to withdraw their appeal and dropped their motion to impose sanctions on Musk’s legal team for alleged misconduct.
In return, Musk and Tesla also withdrew their motion to penalize the investors' lawyer, labeling the lawsuit as “frivolous.” As a result, both parties submitted a stipulation to dismiss the case, pending final approval by Judge Hellerstein.
Technical Outlook
Despite the legal proceedings coming to a close, the price of Dogecoin ( CRYPTOCAP:DOGE ) remains largely unaffected. Currently, Dogecoin is down 1.66% in a consolidation phase. If any negative developments occur in the crypto market, Dogecoin ( CRYPTOCAP:DOGE ) might retrace to a support level of $0.31. Optimistically, some foresee a potential surge to $1, as reaching $0.41 isn't considered unrealistic for Dogecoin.
Moreover, some analysts suggest Dogecoin could eventually trade between $5 and $10, depending on the broader crypto environment. With a market cap of approximately $53 billion USD and a circulating supply of over 146 billion coins, Dogecoin is proving to be more than just a memecoin.
Conclusion
The conclusion of this lawsuit marks a significant chapter in the ongoing narrative of cryptocurrency regulation and celebrity influence. While the legal challenges have ended, the impact of this case may continue to resonate in discussions about market manipulation and the responsibilities of high-profile figures in the crypto space. As always, market watchers will be keenly observing how Dogecoin ( CRYPTOCAP:DOGE ) and other cryptocurrencies navigate these complex waters.
