Dogecoin / TetherUS
Long

Dogecoin Mid-Term & Long-Term Targets · Advanced Trading Tips

622
Notice here the same price dynamics we just saw with Cardano, the exact same:

» Dogecoin is now on the fourth consecutive green week.
» Dogecoin closed last week above EMA89 on a full green candle.
» Dogecoin is in a rising trend since August 2023 but the market bottom happened in June 2022 rather than 2023. A small variation compared to Cardano but these projects are in the same group, big capitalization, and they tend to move together. What one does, the rest follows.

The situation right now is really really good for this pair. Notice that Dogecoin is not only trading above EMA89 but also above MA200. This confirms that we will experience growth long-term.

The yellow targets are the intermediary targets while the blue ones are long-term. The minimum price Dogecoin will reach in this rise is $1.16. This is based on the long-term, the last all-time high, the previous bull market and the broader cycle. Now, it can definitely move much higher but we start with a strong target that has a high probability of success. Depending on how this level is handled, we can aim higher.

For example: I will always be here sharing charts. If at one point the market goes nuts and you need an update, just leave a comment or send me a message and I will look at the chart and share information based on the present day. Market conditions can always change.

Right now we have to make some wild speculations, still educated guesses but as the bull market is more advanced, we will know with a high level of certainty how far up each pair will go. That is because certain pairs tend to move ahead of the pack, look at FUNUSDT as a good example. It has been moving straight up.

An interesting bit of data. 5-May DOGEUSDT produced its last peak. Some altcoins are already trading above their May's high. This simply means that related pairs, those that move in a similar way, will do the same. This signal works as bullish confirmation, it means Dogecoin will continue to grow, with a high level of certainty, we know this based on price action, the chart and marketwide action.

You can use leverage on this setup even now as long as your liquidation is below MA200 to be safe. Very low leverage because it is already moving. If you do higher you are gambling. If you want to gamble that is also ok but we prefer trading: Low risk vs a high potential for reward and high probability chart setups.

The next leg up is already confirmed. We are moving up within days. The bullish action is already happening, it is already live; four consecutive weeks going up/green. Knowing this, we know the 5th, the 6th weeks and so on are composed of major bullish momentum.

Adapt now. Do whatever it takes, whatever you have to do to maximize profits. Opportunities are endless of course.

While it still early for this and many other pairs, there are some that have even less risk, trading at true bottom and the market will continue to have variations for all types of traders.

You can do great in this cycle.
Never take action on an impulse.
If an idea cannot wait a few hours to be implemented or a few days, then just let it go.
A true, valid and valuable idea will be valid even after the initial rush. They tend to come when everything is calm. If you get impulses when excitement is building up, hype and all that, sit, watch and relax, a shakeout can develop. If you feel like going in now hard, then go ahead, right now nobody is excited and nobody is hyped-up, this means that the market is rising and the bullish bias is confirmed. Only when we are approaching a crash everybody will start talking about forever more. When the market is good and low, nobody cares... If you do, you are already an expert.

Namaste.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.