CHART 3 OF 5: Dodge/USDT Bearish grind continues after recent highs DodgeUSDT the trend is reversed and no immidiate support in sight.
DOGEWORLD_30CEB8.USD trade ideas
DOGE/USD UPDATE: Navigating Entries and Downward TrendWelcome back, gang!! It's time for a quick update on our DOGE/USD trading analysis. Buckle up as we delve deeper into the daily and 4-hour timeframes, uncovering major structural zones and trends that are shaping our next moves.
Upon closer inspection, we've identified key structural zones and downtrends, aligning them with Fibonacci levels from the previous leg. Zooming in on the daily chart, we see price touching the 50% mark or the $0.17 level. However, here's the kicker – we're currently below the daily structure and fib level, indicating a continuation of downward pressure. The 4-hour timeframe confirms this with lower lows and highs, solidifying the downward trend.
Now, here's the game plan: We need to keep a close eye on price action for the next 1-3 days to determine whether the current level will serve as a loading zone or if we'll break support of the monthly structure, ushering in further downward momentum towards our previous entry zone as mentioned in the previous analysis.
Patience is key, my friends. For those brave souls willing to risk it all, you might consider implementing a martingale trading system. But remember, it's not for the faint of heart. On the flip side, dollar-cost averaging (DCA) remains a rock-solid strategy, especially for those who fear missing out on potential rallies from here. However, if you're not feeling it, there's no shame in sitting this one out – missing an opportunity is always better than suffering losses (especially if you're trading versus investing).
So, gear up, stay vigilant, and may the trading gods be ever in your favor!
Keywords: DOGE/USD, trading analysis update, structural zones, downward trends, Fibonacci levels, daily timeframe, 4-hour timeframe, loading zones, support levels, trading strategies, martingale system, dollar-cost averaging, risk management, trading versus investing.
Dogecoin on weekly and hourly charts💥Hello, guys! ☺️Today let's take a look at two timeframes of Dogecoin: the weekly and hourly. We'll try to determine the price movement in the short-term, medium-term, and long-term perspectives!💪
🐕Dogecoin is a coin that evokes mixed emotions: some adore it, some hate it. Some have become very wealthy because of it (like Elon Musk, for example, haha😄), while others have lost a significant amount of their wealth (Hi, Elon🤨).
The most important thing is not to succumb to the hype and not to buy the coin, when it is clearly overbought .
Let's take a look at the weekly Dogecoin chart. What can we see there?
✔️Adding the RSI indicator to the chart, we can clearly see, that the coin is overbought , which is not the best signal for buying. It needs some rest. 😌
🟣 My advice : place several buy orders in the range of 0.097 - 0.139 and don't rush. Just observe. That's for the long term perspective !
Now, let's look at the hourly chart and see what awaits us in the short-term and medium-term perspectives for Dogecoin.
What do we see here? 🧐A channel has formed (since the end of February). And the price is confidently moving within this channel. It can be assumed, that in the near future, we may see the Doge price at the support of this channel at approximately the 0.16 mark.
Friends, how do you feel about Doge? Love it or hate it? Let's discuss in the comments!
Thanks for Your attention🫶
Always sincerely yours, Kateryna💙💛
DOGE 2hr - SHORT EMADoge following downward trend As EMA 10 crossed 20 and in path to break EMA 50 soon.
Next buying positions could be $0.1635 then a bounce back to $0.175. Then the final downtrend will be seen all the way down to $0.1535.
At $0.1535, we need to see how bulls react. If support breaks, we would see $0.137 as a new low in this cycle if the uptrend wants to continue.
Samthaysss!
DOGE 1D - SHORT1D DOGE Chart shows that a rising wedge pattern could be seen in days at $0.151. If price breaks below resistance line we might touch $0.125 - $0.132, where bulls start running!
More potential scenario would be that the price react to 50 EMA at $0.151, and upward trend starts!
Samthaysss!
DOGE TodaY.HELLO!
Has anyone heard of the Dzhanibekov Effect? It's when a spinning mass flips its axis. an instability propagates, and within one rotation, it flips. also called the intermediate axis theorem. this happens at regular intervals.
The earth is a giant spinning sphere... and the rules apply to it also.
Could you imagine if the earth flipped its spin in a day? the water in the oceans would keep going. Noahs arc.
What could cause this? maybe... melting polar ice caps from burning fossil fuels redistribute weight from the poles near the axis to the belt... slowing the rotation of the earth. when my yo-yo slows down, it looses stability and flips over.
We can see that lava which acts as a magnetic Ferro Fluid is in layers of differing magnetic orientation over time. do we think the magnetic field flips? or could the entire earth flip with in the field?? same result. what happens if the flux of that magnetic field changes? could the lucidity of the lava beneath the crust increase, leading to massive tectonic movements?. . . . Could the slowing of our rotation, leading to longer hotter days and colder nights, lead to increased turbulence in the jet and ocean streams, affecting the magnetic flux of the earth?
also... what about a stacked up planetary magnetic alignment?...
surface speed of the earth is a thousand mph or so at teh equator... thats how fast teh ocean would be moving across the surface of the earth as its axis become unstable, precesses, and potentially flips. and then we will still be traveling 1000 mph into the oceans that are traveling 1000mph the other way. water miles deep.
The reason I bring this up, is it should be our only real fear.
So... what other fears are controlling your decisions and perspective?
Could you find a perspective of LOVE instead of fear for that?? for example, hosting immigrant families for dinner instead of cheering for a wall?
Where do you get your daily doses of fear from??? It's highly addictive... cortisol.... adrenaline... fight or flight. that means fear is what is controlling your life. And our goal is UNCONDITIONAL LOVE.
What fears control your trading? are you afraid of missing the next big whatever in Bitcoin? or maybe afraid of what will happen when Black rock starts playing their games with bitcoin.. .all that dirty government war money... yuck. I replaced that fear motivation with a perspective of love and abundance with DOGE coin. Cause I know that together, the people can regain their power, as we all ascend from perspectives of FEAR into The vibrations of LOVE... in every situation. Love towards our brothers and sisters around the globe. love towards all animals, not just mans best friend.
You can see where this is going. DOGE coin is the only coin that invokes that perspective of LOVE.
Im currently working to install a DOGE payment option for my organic skin care company. JTreeLife. Who else is working to accept Doge for their small business?
May all beings live happy and free!
33 cents IncomingHeavy accumulation spring. From 18034 to 17120 you will notice the spring. Price can easily go to 33cents. We need a break above 22252. Don't say I didn't call it. I think the dollar will be bearish today after red news. The charts are already pricing data in before red news.
JP is Dovish today:)
Analyzing Dogecoin's recent price movements.It has become evident that there's a consistent resistance level at $0.22, as seen on March 28th and March 31st, 2024. Similarly, a support level at $0.175 was established, with the price touching this point on March 26th and April 2nd, 2024. These patterns suggest that Dogecoin's price is stabilizing around the $0.20 mark.
Given these observations, I believe we're currently presented with a valuable opportunity to continue accumulating Dogecoin. My strategy is aimed at setting a target sell price at $0.30, where I plan to sell 30% of my Dogecoin holdings. This approach is rooted in the hope that breaking past the $0.22 resistance could signal a strong upward momentum, potentially reaching new highs.
To fellow investors, this could be an opportune moment to assess your positions and consider a similar strategy. While the crypto market is inherently volatile, the observed patterns in Dogecoin's price movements offer a glimpse into potential future trends. As always, ensure to conduct your own research and consider your financial situation before making any investment decisions
DOGE Retest Brings Buying OpportunityMarket Downturn Impact: Dogecoin experiences a significant 17% drop amid a crypto market crash, highlighting its volatility.
Entry Opportunity: The recent price fall creates a potential entry point for long-term investors and HODLers.
Pressure on DOGE: With two consecutive red candles, DOGE retests the $0.18 mark, indicating bearish market sentiment.
Bullish Attempt Signal: A dragonfly candle at $0.1850 suggests a bullish attempt to counteract the downward trend.
DMI Indicator Cautions: A dip in the ADX line and a potential negative crossover in the VI lines signal caution.
Fibonacci Retest Level: The retest at $0.18 aligns with the 50% Fibonacci level, suggesting strong bullish support.
Potential Reversal: Signs indicate a possible reversal, with a chance to "buy the dip" for upcoming gains.
Short-Term Forecast: If momentum regains, DOGE could target $0.2964, with immediate support at $0.18.
Downside Risk: A continuation of the fall below $0.18 could push DOGE to retest the 50D EMA at $0.1532.
$1 Price Speculation: Speculations about DOGE reaching $1 highlight the optimistic long-term sentiment among investors.
Market Cap Context: Despite the drop, Dogecoin's significant market cap keeps it in focus as a leading meme coin.
Dogecoin short term analysisIt could be Elliot Wave Expanding Flat correction as well as Wedge. In the first case buy out target ~ 0.1, in the second case - 0.137. According to oscillators i anticipate the both figures will work out: 1) EWI Expanded Flat 2) Wedge.
If uptrend is too much powerful we will see the price bump out on the level where wave A started ~0.17
Riding the DOGE Wave: Buy Signal for DOGEUSD 1H - 1:3 RRRIn this trading strategy, we explore a potential long position opportunity for the DOGE/USD currency pair on the 1-hour timeframe. By combining the insights from key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim for a favorable risk-to-reward ratio of 1:3.
Indicators:
EMA200: The EMA200 acts as a crucial indicator of the long-term trend direction. A rising EMA200 suggests a bullish bias in the overall trend, providing confirmation for potential long positions.
MACD Trend: The MACD indicator helps traders gauge the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy.
Supertrend: The Supertrend indicator serves as an effective tool for identifying entry points in alignment with the prevailing trend. When the Supertrend line changes its color from red to green, it indicates a shift from bearish to bullish sentiment, presenting a potential entry signal for long positions.
