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Dogecoinforecast

DogeCoin To New ATHIn this analysis, we will discuss Dogecoin on the weekly chart and how it is nearing the formation of a new high. On the daily chart, this move may not be as clear, but when we zoom out, it becomes evident that liquidity has been swept from the previous high. Now, the chart is undergoing a retest, shaking out as many traders as possible before making a strong move to break its high. Follow this analysis closely to stay ahead of Dogecoin’s potential breakout! Don’t miss updates on key levels and critical moves—make sure to check out my TradingView ideas for more insights.
Long
by hakimbo989
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 1HR → A Drop Before the Pop! Here's a Setup for Max Profit.Doge is currently marching forward in a bull channel showing the bears who's boss. Both the Daily and Hourly timeframes are bullish, but don't long yet! Within the 1HR bull channel is an ascending wedge pattern, a bearish signal. Does that mean we short? How do we trade this? Shorting in a bull channel is not ideal, there are more bull candles than bear, making the probability of profit greater for the bulls. We should let the ascending wedge pattern play out, and let the price fall near the bull channel support and bounce. If Doge gives us a strong bull signal and confirmation bars closing on or near their highs, it's reasonable to long. Place a protective stop below the bull channel support or 200EMA and set a take profit target near the previous high of $0.083. Trade Idea Long Entry : $0.0795 Stop Loss: $0.0775 Take Profit: $0.0835 Risk/Reward Ratio: 1:2 Key Takeaways 1. Bull Channel, Bias to Long. 2. Ascending Wedge Within Bull Channel, Bearish Short-Term. 3. Wait for Bull Signal and Confirmation to Long off of Bull Channel Support. 4. Bitcoin Struggling to Break Weekly Resistance, a Market Leading Indicator. 5. RSI at 50.00 and below Moving Average, wait for a sign of support to Long. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
1
DOGE → To the Moon or Doom!? This Chart Makes It Clear.Dogecoin is currently sitting on Bull Channel Support, a moment we need to pay close attention to if we want to enter a trade and maximize our profits. If the price falls through, we should be looking to get short and a bounce means we ought to long. How do we trade this? If you're not in a trade right now, wait. We need to see not only a bull signal bar but a bull confirmation bar as well for optimal justification to enter a long. That means a bull bar closing on or near its high above the bull channel support. Long take profit targets could be the previous high of around $0.087 and the top of the bull channel of around $0.09. Stop loss should be just below the 200EMA. To justify a short, we need to see a bear bar closing on or near its low below the bull channel support, preferably below the 200EMA. That would be our signal bar, the confirmation would be a follow-through bar closing on or near its low below the 200EMA. Reasonable take profits would be the previous support areas around $0.068 and $0.06. Stop loss just above the 200EMA. Key Takeaways 1. Bull Channel, Bias to Long. 2. Currently Testing Bull Channel Support. 3. Wait for Bull Signal and Confirmation to Long. 4. Bitcoin Struggling to Break Weekly Resistance, a Market Leading Indicator. 5. RSI at 42.00 and below Moving Average, wait for a sign of support to Long. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
2
Dogecoin - Elon Musk pushed volumes- Elon Musk has planted volumes. - The level that is 0.92 - The trading triangle (which I highlighted with flags). - If the market maker does not break the blue flag, it will be a strong buy signal, especially if the bitstock spills and this scam will stand. if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Long
by Artem_Dishel
2
DOGE 2023 $we have a critical area to hold above the 0.065$, if we hold above that support we going to see huge bullish momentum till the breakout zone the 0.11$ if we break it we going to see another pump for 2 profit taking first around the 15 cent and the second around the 22 cent. on the other hand if we broke below our ascending line , we going to have double bottom first above the 0.50$, if we don't hold it is means we going to see a new low for this year above the 0.28 cent .
Long
by TRADING-JESUS
2
DOGE Dogecoin: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Dogecoin (DOGEUSD). The chart is self-explanatory. There are many bearish signs so be careful when considering to trade Dogecoin. Included in the chart: Trend line, Support and Resistance Lines, Ichimoku Cloud, VPVR (Volume Profile Visible Range), Volume, Descending Wedge, RSI, MFI (Money Flow Index). If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITTREX:DOGEUSD
by MillionaireEconomics
4
DOGE Dogecoin: Re-Test of ChannelHello friends, today you can review the short-term technical analysis on a 1H linear scale chart for Dogecoin ( DOGEUSD ), a cryptocurrency. 1) Dogecoin price broke out of a multi-day Parallel Channel with respective support and resistance areas. 2) The price may come back down to the 0.236 Fibonacci Retracement area at the top of the channel before moving back up. 3) The target price of the breakout of the parallel channel has already been met, but there may be a chance to go back up as Volume is back in. 4) The RSI (relative strength index) is being supported by a trendline which it may come back down to re-test. 5) The upside idea may be invalidated if the price comes back into the Parallel Channel. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BITTREX:DOGEUSD
by MillionaireEconomics
2
DOGE Dogecoin: Concerning DownsideHello friends, today I am completing a technical analysis on the 1D linear scale chart for Dogecoin ( DOGEUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators. #CryptoPickk notes the following: 1) Dogecoin price had an all time high in May 2021 and since that point, the price has only came down. 2) Recently due to the #cryptocrash, the price dropped significantly breaking a multi-month bottom trendline (in yellow color). 3) What's the concerning issue is the price came back up and re-tested the bottom trendline and since that point, Dogecoin price started falling. This is outlined by the white color path arrow. 4) Using the Fibonacci Retracement tool, the price has the potential to test the 0.786 level before moving back up. This would be a 65-70% drop from current price levels. 5) The Volume Profile (VPVR) is very heavy in that area (0.786 Fib level) as well. 6) The Volume is low. I am using a Bittrex Exchange chart but I checked Coinbase and Kraken and it is low there. 7) The RSI (relative strength index) and Stochastic RSI (Stoch RSI) are in the oversold area. Since both are oversold, the price may consolidate or go up short-term, but price has potential to drop significantly further. Stay a bit cautious as the economy and markets are fragile right now. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITTREX:DOGEUSD
by MillionaireEconomics
3
Dogecoin broke through this triangle, the price can go here ..😮The Doge has formed a triangle in the last few days, now it is broken through, and if the price tests the upper boundary as support, it could be a good time to buy, and most likely, the price can go higher to the marked area. Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
14
💥DOGEUSD LIKELY MOVE - PUMP TO $0.56 OR DIP TO $0.25Based on what we can see on the chart, we have a bullish pennant chart pattern in view. We also have price tested 3 credible support trendines and 2 resistance trendines. Right now, we need a either a rejection on the trendline or a breakout to know the next move. If price is unable to break the support trendline downward, we ride back to $0.56. But if price breaks this trendline downward, price will dip to $0.25. Let's wait and see what happens. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Comment any coin you need my analysis or forecast on📈📉 Happy Trading💰🥳🤗 Thank you for your support!💓
by PetrockTheAnalyst