Doge is a LaggerHello I am the Cafe Trader.
Today we are looking at DOGE.
Normally I refuse to look at "Meme Coins" but with a 33 Billion Dollar Market cap, I don't think it falls into it's own category.
Doge, like many Crypto, have come alive. If this is one you are looking at, here are the Keys:
Short Term
A new seller did prevail as of July 23rd. It's important to note that they are still not in control of this rally. We need to see a key buyer get taken out first. This leads us to the scenario I have drawn.
Green Machine
Big buyers move markets... A lot. They can't buy what they want to buy on the open market without a reaction, so what do they do? Simple
Buy... then wait... then buy again near where they bought before.
So your "Strong buyer" is that area.
You have passive buyers looking to get a good price at 19.223 This would offer the greatest position for a reversal and a continuation.
Long
Entry - .19.250
Stop - .17.050
1st TP .24.050
2nd TP .28.600
Final TP .38.250
This should take at least a month. Be prepared to not look at it everyday.
Long Term
These prices should reflect your sentiment on DOGE.
Aggressive = .20.650
Good Price = .18.900 - 19.250
STEAL = 13.950 - 14.550
Thanks for reading, Don't forget to Boost and Follow !
Happy Trading
@thecafetrader
DOGEWETH_C0067D.USD trade ideas
THE TRUTH ABOUT DOGECOINDogecoin is looking really toppy. As you can see the RSI has peaked out early before a new high which is alarming. I think Doge is in serious trouble here as the meme craze starts to shift into newer memes. If the head and shoulders pattern plays out you're looking at a catastrophic drop down to 2 tenths of a penny. Doge is EXTREMELY overvalued and needs to come back down to earth. Don't forget there is close to 15 million Doge mined per day forever. It appears with the way the RSI peaked and price didn't break the high that Doge has reached a plateau in price even if the market cap continues to go up.
Not financial advice just my opinion.
golden thingsHere we have DOGE resting on a trendline in the Fibonacci Golden Zone, and area where price at times pulls back. We also have the possibility of a golden cross occurring, which last time it was very favorable for the bulls. So it seems that the bulls need price to make Higher Highs and Higher Lows from the Fibonacci Golden Zone and maintain the trendline; which could also bring in a successful golden cross. DOGE needs to reclaim the 0.20631 price area the 50 EMA for bullish activity and bears need price to go to the 0.197 price area for hopes of bearish action. Please be careful of fakeouts and consolidations.
Dogecoin - It is all totally expected!๐ถDogecoin ( CRYPTO:DOGEUSD ) will break out soon:
๐Analysis summary:
Just this month, Dogecoin perfectly retested a significant confluence of support and is starting the expected rejection. With bullish momentum picking up, there is a very high chance that Dogecoin will break the all time high in the near future.
๐Levels to watch:
$0.5
๐๐ป#LONGTERMVISION
SwingTraderPhil
DOGEUSD Is that a textbook Livermore Cylinder to $1.5 ??Doge (DOGEUSD) has been trading within a Bullish Megaphone for the majority of its Bull Cycle since the October 09 2023 Low. We may technically claim that this has been so far one massive Accumulation Phase, along with the rest of the altcoin market.
A pattern that draws strong comparisons with that Megaphone has been 'Livermore's Accumulation Cylinder'. Jesse Livermore, an American stock trader, came with a revolutionary trading pattern a century ago, whose principles often apply perfectly to today's financial assets.
This is what we do on today's Dogecoin analysis, we apply this Accumulation Cyclinder on Doge's Bullish Megaphone. Even though not a perfect fit obviously, the main characteristics apply, with clearly visible Bullish and Bearish Legs.
Based on this model, the market is right now starting the aggressive break-out phase above the Cylinder. Technically the Accumulation is over and the price may pursue levels 8 and 9, which give price Targets of $1.50 and $12.00 respectively.
Now, even though $12.00 falls well after (6 months or so) the expected duration of the current Bull Cycle, $1.50 is well within its limits (October - November 2025) and exactly double the price of the previous Cycle High. This makes it a very attractive Top candidate.
So do you think Doge is inside a Livermore Cylinder that is about to break out parabolically?
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DOGEUSD Long Setup โ Bounce from Strong Demand ZoneDogecoin is currently showing signs of a potential bullish bounce off a major demand zone (green area between $0.18049 โ $0.19795). This zone previously served as a launchpad for the previous rally and is structurally significant for Smart Money participants.
๐ Key Levels:
๐ฉ Demand Zone (POI): $0.18049 โ $0.19795
๐ต First Resistance (TP1): $0.23329
๐ต Second Resistance (TP2): $0.27070
๐ด Current Price: $0.20494
๐ Smart Money Concept (SMC) Notes:
Break of Structure (BOS): Happened after the bullish rally from this same green zone.
Return to Discount: Price has now retraced into a discount level within the original demand zone.
Liquidity Grab: Sell-side liquidity likely swept from previous lows before showing signs of bullish intent.
๐ ๏ธ Trade Plan:
Entry: Inside the green zone upon bullish confirmation
Stop Loss: Below $0.18049 (structure break)
TP1: $0.23329
TP2: $0.27070
๐ฎ Forecast:
If buyers step in around the demand zone, DOGEUSD may begin a bullish impulse wave, targeting the upper resistance zones and potentially forming a new higher high.
๐ Disclaimer:
This is not financial advice. For educational purposes only. Use proper risk management.
๐ Hashtags:
#DOGEUSD #Dogecoin #CryptoAnalysis #SmartMoney #PriceAction #OrderBlock #BOS #DemandZone #FrankFx14 #TradingView
DOGE Breakout?After a 13 day rally and a 12 day pullback, could DOGE be breaking out and confirming a new 4H trading range?
After a bounce off the bullish orderblock DOGE has broken out of the diagonal downtrend, then pulled back to retest the previous diagonal resistance level as new support. This is a textbook breakout play & retest but this doesn't 100% guarantee the breakout will be successful. Should it be a successful breakout Local Resistance is the first clear level of interest for the bears to fight back.
This type of setup does give a clear invalidation should price fall back into the downtrend with acceptance. A fakeout could also lead to a loss of the Major Support level, that would introduce a potential revisit of $0.166.
DOGE 30m โ Trendline Break + Bearish Divergence = Clean ReversalThis DOGE 30-minute chart offered a textbook reversal sequence:
Price was riding a clean ascending trendline with support from moving averages and strong bullish structure. But things shifted fast.
We saw:
โ A clear MACD bearish divergence (momentum fading as price pushed higher)
โ A trendline break and lower high, signaling loss of bullish control
โ Former support flipped into resistance, confirming the structure shift
โ Price now consolidating near the last major demand zone
If this zone breaks, expect continuation lower. If it holds, this could become a temporary bounce area โ but momentum is clearly in the bearsโ hands for now.
Zoom out for confluence and track price behavior around this zone for your next move.
#DOGE #CryptoTrading #TechnicalAnalysis #MACD #ReversalSetup #TrendlineBreak #SupportResistance #QuantTradingPro
DOGEUSD โ Rally Reversed, Drift In ProgressDOGE is now printing a clear lower high structure. After rejecting $0.271, price is stair-stepping down below the 200 SMA. Support around $0.258 has held (briefly). RSI at 37.00, still weak. Structure invalidates short only if bulls reclaim $0.265. As of now, every bounce is sold.
DOGEUSD Has reached it's (first?) targetAfter reaching the Centerline, price eitheradvances to the Upper Extreme (U-MLH), or it reverses and it's target is the L-MLH, the lower Extreme of the Fork.
An Open & Close below the Centerline would indicate further progress to the downside.
A stop above the last high with a target around 2 would be the trade I would take.
Doge: Tracking 2 counts; both bullishAfter breaking out of $0.27 Doge is poised to go to the next level at $0.49. Expecting a pullback to get in, but market may not provide a lot of time to think about it. At this point 2 counts are at play and both bullish.
Blue count: tracking an ending diagonal pattern. The two 5 waves moves; one from Oct 2023 low and one from Aug 2024 low could be a zigzag. Now we need to see how the wave 3 forms. If we see another 3 waves move that stalls between fib 1 to 1.236 extension ($1.2 - $ 1.7), and price falls below $0.49, then ending diagonal is most likely.
Black count: Instead of a zigzag, this count assumes we have a 1/2, 1/2 and primed for a 3 of 3 move. In this case, we should still expect a resistance at $1.2 but price should not break below $0.49. and the way the waves form would be a lot more impulsive.
Crypto market has a lot of tailwinds at the moment and might decouple from the overall markets. As rotation begins, on top of pent-up institutional demand, things might go crazy. Doge has a good use case with backing from Musk and his platforms.
DOGE close to parabolic moveCrypto never sleepinโ.
I drew this arc a long time ago for fun just in comparison to the last DOGE cycles back in 2023. It has been surreal to see it somewhat follow the curve just coming down to tag it in recent weeks. The entire history of this asset just looks like a cup nโ handle leading into another cup nโ handle to now another cup that might break out soon