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Dogeprediction

Dogecoin is ready to blast off!A lot of people have no idea just how big the Dogecoin pump could be. We’ve seen a massive, multi-year accumulation pattern—very similar to what happened before explosive moves in assets like Tesla and Bitcoin. I believe this quiet phase is about to end, and Dogecoin could soon break out in a huge way. This could send DOGE soaring to a new all-time high and ignite a powerful bull market. As always, stay profitable. – Dalin Anderson
BITSTAMP:BTCUSDLong
by High_Altitude_Investing
Dogecoin at $0.402: Sit, Stay, or Fetch the Moon?Dogecoin is currently trading around a key support level at $0.40, with the market poised for its next major move. This level will likely play a crucial role in determining the short-term trend, as the balance between buyers and sellers tightens. A dip toward $0.394 followed by a strong recovery could signal that bullish sentiment remains intact, with buyers likely targeting higher resistance level (Dashed Green Projection). A break above the $0.432 mark would confirm a shift in momentum, opening the door to further upside toward the critical resistance at $0.485 and possibly beyond (Solid Green Projection). Conversely, a failure to hold the $0.394 support may indicate weakness, increasing the probability of a deeper decline. In this case, the next significant support lies around $0.374, and a breach of this zone could accelerate bearish pressure, pushing prices closer to $0.342 (Red Projection).
by Trade-Lean
7
DOGE → Fall to $0.10! Are We Heading Back to $0.30? Let's AnswerSince my April 13th update, DOGE has fallen into a pullback, as expected. We found resistance at $0.225 and then pulled back in two strong legs. Should we be bearish or bullish on DOGE? How do we trade this? 🤔 As expected, DOGE found resistance at the 2021 resistance area of below $0.29 after three strong pushes up followed by a head and shoulders reversal pattern on the Daily chart. That reversal pattern played out into a two-legged pullback, leaving us near the Weekly 200EMA support at around $0.10. I think we can expect to continue testing this support area for a while. I do not believe we will break and hold below $0.10. I would not enter a long just yet. What we need now is two or three tests of the Weekly 200EMA support area around $0.10, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:3 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in DOGE. A final point of data is the RSI low and below the moving average of around 43.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us. 💡 Trade Idea 💡 Long Entry: $0.10975 🟥 Stop Loss: $0.07210 ✅ Take Profit #1: $0.14725 ✅ Take Profit #2: $0.22275 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Three legs up toward a resistance zone after a breakout 2. Head and Shoulders reversal pattern 3. Two-legged pullback to Weekly 200EMA Support 4. Wait for a double-bottom followed by a strong signal and confirmation candles 5. RSI at 43.00 and below the moving average. Supports waiting for a long entry. 💰 Trading Tip 💰 Ascending Wedges signal an increased probability of a bear breakout. Combined with three pushes up in a bull trend and strong sell bars (candles with large wicks on their tops), creates conditions where a counter-trend trade is reasonable. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
DOGE → Are We Heading to $0.30!? Or $0.10? Let's Answer.Doge had an 80% Weekly bull candle at the end of February followed by continued bull pressure into March. Where will Doge find resistance? How do we trade this? 🤔 The current market has a strong bullish sentiment. The 80% bull candle was followed by a tight trading range with more strong bull candles. We have yet to see a signal for pullbacks or reversals. We are on the second push up in the trend, leaving us the potential for one more. The RSI is currently at 78.00, which ought to give us some pause about the continuation of the bull action before a pullback. That is why I advocate waiting to enter a long until the price comes back down toward the Weekly 30EMA. It is reasonable to long scalp on a lower timeframe like the 4HR or even the Daily, but with a small position size and tight stop loss. Waiting for the pullback to the 30EMA is ideal for a long. 💡 Trade Idea 💡 Long Entry: $0.14 🟥 Stop Loss: $0.09 ✅ Take Profit: $0.29 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Two pushes up in a bull trend with a gap to close at $0.29. 2. 80% bull candle at the end of February signals strong bull strength. 3. Tight trading range after the February bull candle, likely a measured move up. 4. Long scalp on lower timeframe or wait for pullback to Weekly 30EMA to long. 5. RSI at 78.00 and above the Moving Average supports pullback before the next move up. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
DOGE → Hitting The Bottom and About to Rocket Past $0.10? Doge pulled back 30% from its recent high just above $0.10, leaving the bulls to wonder if we're continuing to the downside or putting in new highs. Is this the time to enter a long trade? How do we trade this? 🤔 The answer is yes! We have several market indicators that point to a 1:2 Risk/Reward trade right here at this moment. We have three pushes down in our pullback from $0.10, 3 failed attempts to make lower lows in a trading range, and an RSI that is low and above the Moving Average; Bitcoin as a market indicator is showing signs of making another attempt toward the upside as well. We're 10% away from the Support zone with plenty of runway before hitting the previous high at $0.10. These are optimal conditions for a long trade. 💡 Trade Idea 💡 Long Entry: $0.0805 🟥 Stop Loss: $0.0705 ✅ Take Profit #1: $0.0905 ✅ Take Profit #2: $0.1050 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes down in the pullback from $0.10 2. Three failed attempts to break a new low in the trading range 3. 10% away from the Support Zone and 34% away from the previous high of $0.10 4. RSI at 43.00 and above the moving average which are ideal conditions for a long 5. Bitcoin showing signs of a move toward the previous high 💰 Trading Tip 💰 Trends typically have 3 pushes in either direction before a trend change begins. Along with other market indicators, creates a situation to look for counter-trend trades because the probability of profit is high enough. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
3
DOGE → Hinting at a Drop! Are we going back to $0.05?Dogecoin is starting to show signs of converting to a trading range after a strong bull run. We have a potential double top reversal pattern playing out after three good pushes to the upside. Does that mean we're heading down? How do we trade this? 🤔 Three pushes up, potential double top reversal pattern, RSI at 62.00 and below the Moving Average, these are the key data points that should bring us caution when the thought to long crosses our mind. What we're missing right now is a confirmation candle and a lower low to give us enough probability to enter a short scalp and maybe a partial swing. A final sell signal at the Previous High of $0.10750 would be ideal, giving us enough range for a 1:3 Risk/Reward Ratio. Using my favorite approach, take half profits at $0.10 (1:1 Risk/Reward), move your stop loss up to your entry price, then swing the remainder to 1:3 Risk/Reward at $0.09. 💡 Trade Idea 💡 Short Entry: $0.10500 🟥 Stop Loss: $0.11000 ✅ Take Profit #1: $0.10000 ✅ Take Profit #2: $0.09000 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Three Pushes Up, Potential Double Top Reversal. 3. Could convert to Trading Range between $0.0875 and $0.10750. 4. RSI at 62.00 and below Moving Average. Bias to Short. 5. Bitcoin is running hot to the upside, risk of trend change. ⚠️ 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!
Short
by TraderEngineering
DOGE → Updated Double Top Analysis! Our First Target is $0.07?Doge is failing to retest the $0.1075 level and has instead meandered sideways in the $0.9500 range. Are we in a position to short here? Long? Or simply wait on the sidelines? How do we trade this? 🤔 We need to wait. We are still in a bull channel which means our bias ought to be long, but we have several datapoints that counter that bias. 1. Three pushes up, a typical number of legs in a channel before the probability of trend change exceeds the probability that the trend will continue. 2. Double Top reversal signal. These can fail, but coupled with the three pushes, increases the probability of a trend change. 3. Bitcoin showing signs of trend change and as a leading market indicator may drag Doge down with it. We need to wait for a break below the Weak Support line and the Support Zone. The break is the bear signal, then we need a retest of the Support Zone as resistance with a strong bear candle closing on or near its low to confirm the price can't make it back up. At this time, its reasonable to short a 1:3 Risk/Reward placing a protective stop just above the previous Support Zone. Take half profits at 1:1 Risk/Reward ($0.082 area), and final profits at 1:3 ($0.69 area). It's also reasonable to swing the latter half of your position beyond 1:3 R/R, until a proper buy signal appears. 💡 Trade Ideas 💡 Short Entry: $0.84 🟥 Stop Loss: $0.89 ✅ Take Profit: $0.69 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Three Pushes Up, Double Top Reversal Intact. 3. Need to Break Weak Support and Support Zone to Short. 4. RSI at 46.00 and below Moving Average. Bias to Short. 5. Watch Bitcoin for trend change, may drag the market down. 💰 Trading Tip 💰 Trading against the trend carries a low probability of success, but a much higher reward with a low risk. ⚠️ 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!
Short
by TraderEngineering
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 → A Rip to $0.10! Will We Continue to $0.15 and Beyond?Dogecoin ripped through the $0.88 Resistance, found support on it, then blasted through the next resistance of $0.10! My previous analysis projected this outcome and successfully closed the proposed trade. Where does the Doge price go from here? How do we trade this? 🤔 We're now zooming out to the Weekly candles to see where the next Resistance Zone is and it appears to be in the $0.15 to $0.16 range. That's a 50% increase in price from where we are now! To take advantage of that range, we need to take a breath after those last few Daily bull candles and wait for a pullback. This Weekly candle needs to close bull followed by a bar or two of sideways price action. It's reasonable to zoom into the Daily chart for more detail and I'll provide updates on that chart here as the days pass. Once a pullback is completed and we have the proper signs of continuation, it's reasonable to long again for another 1:3 Risk/Reward trade! Look for strong bull channel support or the 30EMA once it catches up to the price. RSI is also at 74.00 which supports at least a pullback. Be very careful here as it wouldn't surprise me if we get a rapid sell-off in response to the rapid buy. Markets are about balance and right now, we're a bit out of balance. 💡 Trade Idea 💡 Long Entry: $0.0990 🟥 Stop Loss: $0.08435 ✅ Take Profit: $0.14300 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Breakout of Bear Channel, Bias to Long! 2. Wait for Weekly Candle to Close Before Entering. 3. Test Bear Channel Support Means Higher Probability of Profit. 4. RSI at 74.00, Bias to Short. 5. Best to wait for pull back before entering. ⚠️ 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 → Breaking Resistance to $0.10? $0.15?? Let's Clarify.Dogecoin is knocking on the door of the Resistance Zone looking to hit the next price targets. We're currently in an ascending triangle which is bullish, will Doge break out? How do we trade this? 🤔 There are several reasons to be bullish; Bullish Macro Trend, Ascending Triangle pattern, Above 30EMA and 200EMA Ribbons, RSI above the Moving Average, and Bitcoin broke out of its Weekly Resistance. That's quite the list of reasons to get long! But should we long now? There is one important reason we shouldn't long; we're at resistance. Never long resistance! We should wait for resistance to be broken and then tested as support before entering a long position. Once broken and support has been tested, long around the $0.89 area and set a 1:3 Risk/Reward. I recommend selling half of your position at 1:1 Risk/Reward, moving the stop loss up to your entry price, then swinging the rest of the position to at least 1:3 Risk Reward or until you see a reversal signal. The immediate target after breaking resistance is $0.10 but if the market takes off, we could see highs up to the next major resistance around $0.15. 💡 Trade Idea 💡 Long Entry: $0.888 🟥 Stop Loss: $0.8620 ✅ Take Profit #1: $0.9140 ✅ Take Profit #2: $0.9666 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Ascending Triangle, Bias to Long. 2. Two Rejections, Third one is underway. 3. Wait for a Break of Resistance and a Test of Support Before Longing. 4. RSI at 63.00 and below Moving Average, Short-Term Bullish. 5. Long Above Resistance, Stop Loss Below Resistance Zone. ⚠️ 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
DOGE to $0.10!? A Long Setup for Maximum Profit!DOGE continues to march upwards in its month-long bull run and has its eye on $0.10! If you're not long yet, prepare yourself for a long entry that could return up to 50% profit. To get there, we need to assess our current risk/reward ratio and probability of profit. How do we trade this? In a bull channel, our bias should be toward the upside since the probability of profit is greater. That doesn't mean we long right now at $0.08, our Risk/Reward would be about 1:1. The better long entry is at the bottom of the bull channel around $0.75, which allows for a 1:3 Risk/Reward ratio if we target just shy of $0.09. Not only does the price need to fall to $0.075, but we also need a strong bull signal and confirmation bar for a long entry. The signal bar will have a tail 1/3 to 1/2 the total bar size with the price closing on or near its high. The confirmation bar should be a strong bull bar closing on or near its high. This would be the safest long entry because it secures a higher probability that the price will continue to respect the bull channel. Key Points 1. Bull Channel, Probability of Profit is greater to the upside. Always in Long. 2. Price in Center of Channel, wait for a pullback to enter long. 3. Bitcoin Leading Indicator, Risk of Pullback. 4. RSI around 50.00, wait for it to fall between 35 and 40 to long. 5. Wait for a Strong Buy Signal at $0.075 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering