DOGE - $0.30 Next Target, Elliot Waves📉Hi Traders, Investors and Speculators of Charts📈
Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here):
The DOGE fractal I've been following has played out extremely well, and so I will continue to follow this fractal:
Since we have now completed Elliot Wave 2-3, we are seeing the corrective phase of 3-4. This means we have yet another impulse wave upwards to look forward to after the correction is completed.
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio.
Fibonacci Ratio Relationship
• Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
• There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3
Therefore, if wave 3-4 does not retrace beyond wave 1 our next target price is around 0.33:
The GOOD NEWS though, is that this could very well be a small part of a MARO cycle. I've previously explained that Elliot Waves can be like branches of broccoli - each wave makes up a part of a smaller or bigger wave, including ABC corrective waves in each impulse wave, as demonstrated by the front page chart.
Previous DOGE idea where we first look at the fractal:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
BINANCE:DOGEUSDT
Doge
$BTC bearish continuation#bitcoin price is declined hard from the top of the falling channel and 66600 #usd (getting more interesting) resistance zone. Now, #btc has weakened structure in short term.
Chart formed bearish head and shoulder pattern. I expect bearish continuation with choppy moves , dead cat bounces etc. The target may the bottom of the channel 57 - 58K zone. Also there' s nice liquidations there.
If #btcusd price follows this path, #altcoins will surely suffer more. When most of #altcoin prices retraces to their retest zone of 2023 October - 2024 march bull run, then i expect very favorable bounces from #alts there. We may see a minor #altseason when this happens. But i say "minor".
Not financial advice. DYOR.
Hold on DOGE, BTC going down!So… BTC is way over bought on lots of time frames, and is looking like a move down is inevitable.
Oh… and didnt the Halving just happen? Isnt that supposed to make BTC go to the moon???? oh wait… i remember the last having…. Buy the rumor sell the news! Im bearish AF on BTC.
Oh.. and I LOVE DOGE…. Heck, its the one coin that assimilates to man’s best friend… Dog’s show us unconditional love. Let’s do the same fo DOGE coin, and sure, the bearish pressure on BTC will result in people selling and moving to DOGE. Sit, Stay, Good Boy!
DOGE/USDT Trading ScenarioBelow is a scenario for the price movement of DOGE.
After an impulsive rise in the price chart from $0.08418 to $0.22721, which amounted to more than a 171% increase, resistance formed at the level of $0.22721. Under this level, the asset is trading on increased volumes.
Currently, the asset is trading at $0.16156, exceeding the Point of Control level that the price chart falsely broke through. Yet the price continues to hold above it.
We can expect continued interest from traders and movement towards the resistance level at $0.22721. If the resistance level is overcome and maintained above, we can expect further growth.
💎 DogeCoin (DOGE) - More Bullish? Let's see! (READ THE CAPTION)By checking the #DogeCoin chart in the weekly time frame (logarithmic), we see that the price is trading with more than 10% growth in the range of 16 cents, and by maintaining the support of the $0.124 range, we can expect the price to grow to higher targets! The price targets are $0.229, $0.35, $0.374 and $0.75 respectively! The expected yield of this cryptocurrency in the long term is above 300%!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Decentralization-- DOGEAltcoin temporarily halted its decline as BTC began to rebound, but many tokens are still below their prices half a month ago. Among all tokens, we discovered an interesting phenomenon. As a meme coin, DOGE's performance in April was stronger than most other tokens, close to BTC. As we all know, meme coin is not supported by the any protocols, but more by the consensus of the community. So when this happens, we guess that as an early meme and has reached the total supply, DOGE’s attributes are close to BTC. Relatively pure utility and high decentralization bring about price following for BTC.
Judging from the indicators, DOGE has adjusted for three months after experiencing the first round of gains. And like most memes on the market, it started to rise again at the end of February. Just as the TSB indicator prompted a BUY signal on February 21, DOGE started a bull trend. During the rise, DOGE remained above the wavy zone, and bulls strengthened when the bar touched the key wavy line. DOGE currently continues to maintain a bullish trend.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
DOGE - Higher lows, and off we go!Hello! Consistent higher lows over the past 4 days.. that feels bullish! Looking for a retest of resistance around $.20…. And then the fun starts!
Let’s go DOGE!
Oh… dont mind BTC going over the edge of a cliff on the bottom right…. That should result in a massive move over to the coin of LOVE (doge) as everyone realizes the “buy the rumor, sell the news” applies to BTC halving, and the Blackrock ETF news… So im ready for a massive correction in BTC, an the prophecy says that will yield a tidal wave of crypto traders moving to DOGE.
DOGE: If break 0.1588tradingview
📊Analysis by AhmadArz:
🔍Entry: 0.1588
🛑Stop Loss: 0.1615
🎯Take Profit: 0.1565
-0.1529
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
#DOGE\USDT#DOGE
The price is moving in a downward trend on a 1-hour frame.
The price is moving within it and is largely committed to it. We have a tendency to stabilize above Moving Average 100.
We have a downtrend on the RSI indicator that supports the rise and has been broken to the upside
Entry price is 0.1540
The first target is 0.1623
The second goal is 0.1773
the third goal is 0.1900
LRC LOOPRING, IS THERE A PATH TO .75 I mean, yes.
But it is low probability that it happens or even happens as shown.
So the reason for the projection line, is to show how it "could" dip into the buy zone and potentially below allowing for a spring.
It doesn't need to happen this way, but essentially these low price targets hitting would be good for an upside move.
There are two short term trends, one of which just broke.
The other is mid level support and can easily break in a "flash crash" situation, which then could easily see our low side numbers in the near future.
Whatever is happening in crypto is happening soon, it will be fast, and if it is a massive dip, then the upside can be huge.
Again, it's a matter of will the low price targets hit before the high price targets.
I wish I had a for sure answer, but I don't.
I have a guess, based on what I see chart wise, and it shows the buy zone hitting first (low side targets) which then springs us right back to where we are currently, and allows the steep climb up to the major rejection area.
Summary,
MOSTLY A CHART UPDATE to reflect some of the price movement.
A potential path (guideline) don't follow, it's just a guess at best.
Follow the price targets (horizontal) and trends.
The last green trend is quite strong, and that also leads right to the buy zone.
Why is it important.
Current price to buy zone will lose you nearly 40%.
Buy zone down to .1492 means that anything over .3 is 100%.
It allows you a LOT of wiggle room.
Again, everyone has a different strategy, and it's best to stick to yours.
So, buying loopring to trade, you're holding off on this trend break, imo. The risk is high.
Buying loopring to hodl, then you're probably going to slowly add more and more as the price targets on the downside start to hit.
BUT WHAT IF IT GOES UP FIRST?
Then if you're bullish on LOOP, you're probably already holding some, and you'll see profits. Congrats.
If you're trading and miss some upside, there are like +700 other alt coins and thousands of stocks, you'll find the same percentage gain somewhere else. Don't chase to all time high and lose, when you can easily find another trade. BUT ALSO, watch for a spring on the low targets.