DOGEUSDT.P trade ideas
Lingrid | DOGEUSDT Preparing for DISTRIBUTION after ACCUMULATIONThe price perfectly fulfilled my previous idea. It hit the target. BINANCE:DOGEUSDT has been moving sideways for three weeks following its recent surge. I believe the market is currently in an accumulation phase that will eventually lead to a distribution. The price has bounced off the weekly high and is now consolidating. Typically, markets consolidate around key levels before making a breakout. Given that the market is currently consolidating below the psychological level, I anticipate that it will move upward and potentially make new highs. My goal is resistance zone around 0.50000
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Dogecoin (DOGE) Prepares for a Bullish Move: Key Levels to WatchThe chart for DOGE/USDT (Dogecoin against Tether) suggests an upcoming bullish move. Here's a quick analysis based on the chart:
Key Observations:
Support Zone:
A green rectangle indicates a support area near the current price level of $0.41702. The price has consolidated here, signaling strong buying interest.
Resistance Level:
The horizontal green line at $0.60113 marks a significant resistance zone and a potential target for the bullish move.
Trendlines:
Diagonal trendlines below the price suggest an ascending channel, indicating a sustained upward trend.
Moving Averages:
Orange and green lines (moving averages) show the price is holding above key support levels, which is bullish.
Projection:
The white zig-zag line suggests an expected upward movement toward the $0.60113 level, a 38.35% potential gain.
Summary:
Dogecoin appears to be in a bullish setup. If the price holds the $0.417 support, it could rise to the $0.60113 resistance. Keep an eye on price action and confirm with broader market trends.
DOGE to $1? Breakout Confirms Bullish Momentum! COINBASE:DOGEUSDT has broken out of a classic ascending triangle, signaling a strong bullish move. With MARKETSCOM:BITCOIN smashing through $100K and reaching new all-time highs, CRYPTOCAP:DOGE could be next in line for a significant rally. The breakout positions CRYPTOCAP:DOGE to target the psychological $1 level, marking a potential new all-time high. Traders should monitor support at the breakout zone and keep a tight stop loss to manage risk effectively. Always remember, risk management is key in volatile markets!
COINBASE:DOGEUSDT Currently trading at $0.45
Buy level: Above $0.44
Stop loss: Below $0.36
Target : $1
Max Leverage 3x
Always keep Stop loss
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DOGE heading to $0.70This Elliott Wave analysis indicates a bullish outlook for $Dogecoin, with the current structure suggesting it is completing Wave (3) of a larger cycle. The projected target for Wave (5) aligns with the Fibonacci 1.618 extension level, pointing toward a potential market capitalization increase that corresponds to a price target of approximately $0.70. If market momentum continues, Dogecoin could achieve this level in the medium term.