Hello Traders and Investors, today I will take a look at Dogecoin .
--------
Explanation of my video analysis:
In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish...
Besides Elon musk's games and ploys on Dogecoin, this coin has some room for growth; at least based on technical analysis. If we look at the chart there is a big and wide upward channel, and price is approaching the bottom of the channel. Also, Fibonacci time analysis shows the end of the current downtrend wave is almost near. Let's see what happens.
Price is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.1446
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.1362
Why we like it:
There is a pullback support...
Dogecoin is trading under the 1D MA50 and just turned bullish on its 1D technical outlook (RSI = 58.834, MACD = 0.000, ADX = 43.260). This is the same accumulation process that took place in Jan-Feb and before that pre October 2023 that initiated the bullish phases of the Megaphone pattern. We expect the new one to have began by June, targeting the top of the...
Here is an ultra bullish route for Doge where it crosses over $1 trillion mc. remember this is just my opinion. Don't forget to respect the pump. Target for this fractal: $5-$10
Massive Qudos to Doge
It's a meme & crypto alt coin unicorn
It birthed an entire industry
So and one of the very handful of coins that can make new highs versus BTC
That is quite incredible.
here we have a lovely W pattern
with some nice targets for it
We will assess once these are made for further upside.
#Memes
#memecoins
#Dogcoins
Doge completed a type two bat and after breaking down sprung right back above support.
Now we look for a few things
- Support to Hold
- Divergence to Mature on the 4h & 6h
- Daily MaCD to Stay green
By Layering in you can strategise a SL below Support. We have orders at the 618, 786, & 886.
I’ve only been seriously trading for about 18 months now even though I’m pretty familiar with the crypto space…
I’m not the best at spotting patterns so I would like to hear what you think.
Does anyone else see an inverse head and shoulders pattern on the daily chart for DOGE/USD?? COINBASE:DOGEUSD
I innately thought it was a Adam and Eve pattern but I was...
Will Elon lean into Dogecoin like Roaring kitty(Keith Gill) leaned into GameStop( NYSE:GME )? Meme Stocks are taking off again. What about the meme crypto coins? Is it time to start looking into crypto trades? Doge is finding support at the 200 and 100 EMAs. Doge just needs to breakout to the upside. Doge is one to watch. If you are not into direct crypto,...
H&S Pattern almost complete. A confirmed break above $0.162 should activate pattern. PT for my self $0.19 for my short-mid term trade. COINBASE:DOGEUSD
Hello!
The light green up arrows market eh 3 peaks of a lovely inverse head and shoulders formation for Doge.
The next ride should check in at the previous major levels, before continuing on into uncharted territory.
We also see the RSI loaded up at overbought right now… so a correction of that is due.
Be warned, there is still bearish pressure,...
Yuge level here for doge
Psychologically significant round number .15
And where much of the volume has been thus far 2024
Getting long around here for move back up to .2+ seems like a no-brainer
Remember lads, it's long doge when timeline doesn't speak of it, and take profit when timeline is basking in its euphoria
Dogecoin is getting ready for a massive pump in the coming weeks, most likely at the end of March. I am ready and you?
BTW this is my first time ever publishing.
Trade at your own risk.
To the moon!
Right now, to make the long story short, watch $0.14 and $0.17. There is a chance of head and shoulders pattern building. Doge needs to hold the 14 cent support. At the same time, a break above 17 cents will increase the chance of wave 4 completion and wave 5 progression towards $0.30. From my last post I have readjusted the count to keep the minor degree impulse...
