DOGEUSD very bullish to break out with Bitcoin.

https://www.tradingview.com/x/wgvBbjQ9/

DOGEUSD is a Crypto that I have accrued. I recently sold out and then I got back into Doge-long because I could see how it was traversing in a similar way to BTCUSD in its price.

It has been moving up a lot lately but it's only 0.1698. Pull up a daily or weekly chart and you will soon realise how structure-strong it's charting looks and you start to realise that it will breakout with BTCUSD but with more upside I believe.

If you prefer TRON TRXUSD, its price and charting is a bit like DOGE but Tron's price is at the top of the chart and its also destined to break out with BTCUSD.

Here are some charts.

DOGEUSD DAILY: Bullish Structure

BULLISH TRON DAILY below:

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Trade Idea: Massive upside RR breaking out with Bitcoin.
Long DOGEUSD (tight spreads and plenty liquidity)
Buy Long up to current price up until 0.1730
Stop Loss: 0.1679
TP: Greater than $1 before Xmas 2024

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Update: Move your stop down to 0.1671. Better there in case it wanders down stop hunting. I don't think it behaves like Gold does.

註釋

It is good 0.1671 because its under several order blocks and price has not been down that far.

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RR even better now.
We have 5 minute RSI and Stocastic's almost in play now to bump Doge price upwards away from the Stop loss.

註釋

That is an aggressive move down setting up for an aggressive move up I think. Apologies for stop out. Get back in if you can.

交易結束：達到停損點

Stopped out.

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There is a 1hour order block which is where it wanted to tap into.
It extends down to 0.1634 and there does appear to be liquidity for example order blocks beneath this one.
Stop loss would be 0.1631

手動結束交易

cancel order

註釋

This is looking to go considerably lower. Bitcoin has stalled for the moment which is why Dogeusd is hunting.

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BTCUSD doin same thing retracing down for liquidity.
DOGEUSD was at 0.14 on Sunday just gone, that is how fast it came up. the past few days, it is highly likely it will head down this Supply stucture to 0.14 to 0.1350.
Watch that level because if you can get in down there then you are 1 cent ahead of me and I have about 300,000 Doge cfd's now. But I never got a good price at 0.14.

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Alright, here is the thing, it is way too far for it to go back to 0.14 cents imho. It has support where it is and the order block its at might just hold.
On second thoughts, I think price will head up soon. I will check the momentum indicators.

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BUY order now on DOGE

註釋

Bitcoin is on the move again.

取消訂單

DOGEUSD appears to be asleep at the wheel because BTCUSD is now moving upwards.
STOP LOSS just below your entry price. 0.1631 is probably best.

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Wait for Doge to break 0.1675. Lots of support there.

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0.1675 is the 1minute 200EMA level and its resistance area and support for DOGE.
ONce price clears 0.1675 then 0.1675 is the stop loss.

註釋

0.1673 will be the stop loss once it goes higher past this level. But you could put a buy order in now and do the stop loss once it clears 0.1675

註釋

Price is about to ascend

註釋

Price will move fast now i think.

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Bitcoin is now moving inside a 5m,10m,15m falling wedge. It is also in the triple top on the daily chart. This is why Dogeusd is not making much of a move currently until Bitcoin decides to take the serious leap over the triple top into breakout area. I imagine it will happen during this Friday session.