DOGE Dogecoin Price Target|Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for DOGE Dogecoin is $0.053, where it will form a Double Bottom.
Looking forward to read your opinion about it!
DOGE-1
Doge and Patience (Low Risk - High Reward)Dogecoins notable lowest
- 0.045 area
Dogecoin recent area of highs and lows
- 0.045 area to 0.09
Dogecoin is driven by hype
Assuming the worst on Doge being bearish (and crypto not crashing, very unlikely)
- would assume a 20% loss
Patiently waiting
- could at least hit 43%
History, media, and Elon almost guarantees
- periods of breakouts
Wait for the breakout...
Set stop loss at 30% loss
Accumulate.
🔥MAV and APT: SAME PATTERN, SAME PROFIT❓Both altcoins fell by -60-70% after the Binance listing and reached the accumulation area.
💥 what's next? I think you understand.
Such fresh altcoins as Aptos, Render etc. are growing very easy and we make a profit on it, but every altcoin(!) depend on Bitcoin. Let's see what's daddy have for us during the upcoming days.
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dogecoin.
Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs.
However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
DOGE: Approaching SupportDogeCoin (DOGE) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price reached $0.085 for a 30% gain. Now it’s pulled back below 200-day moving average ($0.08) and below $0.07 support, giving up all of those prior gains. We wait for price to either 1) regain those key levels to confirm Uptrend, or 2) pull back to $0.053 support for a swing entry.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
Big accumulating for Massive Move??? Weekly Chart
455 days that is accumulating phase until now
Doge's touched 3 times and bounced back from support
Daily Chart
Zoom out to easily this accumulating phase
Chart 4H TF
Now, Doge is trading around 0.0616x
BINANCE:DOGEUSDT has resistance zone around 0.0667 and support around 0.0575 if Doge's downed
If BINANCE:DOGEUSDT can break and close above resistance, I expect Doge will go up 0.08
Otherwise, Doge's downed...0.03 is support
Time will tell
DOGE - It is a Matter of Time ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
DOGE has been overall bearish trading inside the falling wedge pattern in blue and it is currently approaching the lower bound / blue trendline.
Moreover, the zone 0.055 - 0.06 is a strong support.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.
As per my trading style:
As DOGE approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DOGE - any news are coming?Decided to make a TA about the Doge coin.
Looks so far pretty interesting.
On RSI I can see some bullish divergence is forming. On D TF I can see that the coin found a support on the support line (blue line) that I drew. And so far it bounced 3 times already.
As usually I will give you several possible scenarios that can play out.
1. The coin bounces until W FVG above 0.07$ and rejects from there, it means it doesnt close with at least 12H TF above 0.07$ and returns back to the level from which it started its upward direction.
2. The coin bounces from current prices, and comes to W FVG at 0,07$ and manages to close with 4, 8 , 12H or D candle above that FVG level. And in this case, after retesting the FVG level, it may bounce up to another W FVG level at 0.09$, where the coin can face the bear reaction.
3. This scenario is the least optimistic, the coin doesnt manage to touch 0.07$ price level and dumps until support line and closes with 1, 4, 8, 12H candle or D candle below the 0.055$ level in this case the coin may go even lower towards to 0.05$ and below.
DOGE Dogecoin Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for DOGE Dogecoin is $0.053.
Looking forward to read your opinion about it.
Dogeusdt (doge)A good position to buy Dogecoin is the weekly triangle time frame. In the monthly period when the flag is formed. And we have reached the ultimate limit of Dogecoin compression. The probability of a very strong jump that is 70% likely to be an upward jump. This upward jump could take Dogecoin to one dollar. If the price closes below $0.05, this scenario will be incomplete and the same strength will be reversed. I give 30% chance that it will be bearish.
Market maker riddles, DUMP BTC awaits us again?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Sitting at the chart on the daily timeframe, I saw that we are now developing a structure, plus or minus, similar to that seen above. If you look closely at the graph, you can see the most similar moments at that time as now.
For example: a descending structure, pullbacks from a countertrend, similar consolidation after up-down impulses, or in general these similar takeaways in both directions (indicated by a red rectangle).
In general, there are thoughts that there will be another fall, BUT first we will see a slight rebound towards $28,500. I honestly don’t know whether this rebound will be another bull trap, but I’ll be glad to be wrong if the cue ball is taken above $30K.
p.s: guys, these are just my thoughts that I am sharing, the price may go in a completely different scenario, so be careful.