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Dogeanalysis

DOGE (Dogecoin) Coin Analysis 26/03/2022Fundamental Analysis: Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin. Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so that you can begin interacting in Dogecoin communities. Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged. In 2014, a not-for-profit foundation was formed by members of the Dogecoin team to provide support, advocacy, trademark protection and governance for the cryptocurrency project. However, the foundation was dissolved over time. After several years of being inactive, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community and promoting the future of the Dogecoin Blockchain.” In addition to some of the original core team, the project now has some seasoned industry players as part of its board of advisors. According to the foundation’s website, members of the board will meet monthly to discuss issues relating to Dogecoin. In regards to its advisors, the group is made up of Dogecoin founder Billy Markus, the project’s core developer Max Keller, Ethereum founder Vitalik Buterin and Elon Musk as represented by the head of the Musk’s family office, Jared Birchall. Members of the Board of Advisors will function in various capacities. While Keller will serve as the project’s technical advisor, Markus will be in charge of the community and memes. Meanwhile, Buterin will function as the blockchain and crypto advisor for the foundation, and Birchall will represent Elon Musk as legal and financial advisor. As a first assignment, the Board of Advisors will be working to secure three-year funding that would allow it to employ a small, dedicated staff to work on Dogecoin full-time. Up until now, the work on the ecosystem has been done by volunteers. The success of Dogecoin is closely intertwined with Elon Musk's passion for it. Musk began tweeting about Dogecoin in early 2021, sharing a Lion King DOGE meme. That kickstarted a furious DOGE rally — with temporary dips — that culminated in Musk's appearance on Saturday Night Live. After the SNL appearance, DOGE crashed despite Musk's promises to moon its price. In the following months, Musk seemed to lose interest, and the price of DOGE has tumbled over 70% from its all-time high. However, Musk still yields power over Dogecoin, as occasional tweets indicate. The current CoinMarketCap ranking is #13, with a live market cap of $17,415,963,742 USD. It has a circulating supply of 132,670,764,300 DOGE coins and the max. supply is not available. Technical Analysis: As this Crypto Asset has lost 85% of its Price Value it seems to be Discounted and Undervalued and can be considered as an Investment Opportunity. There exist a Bullish Divergence of Price and MACD, which is the very sign of Bearish Trend Reversal and start of the new Bullish Cycle, alternatively we have defined 3 New Targets, where we expect the next bullish Trend to Achieve. There are 3 Targets defined by Fibonacci Trend Base Extension Levels, where as the 3 TP gets its Confirmation, as the price action triggers the 2 TP, followed by some price correction and retracements consequently Reaccumulate at lower levels and lets the Smart Money Flow in to it and the Propagandas will Start. so it shoot for the 3 TP which is 2$. Sentimental Analysis: There exist Possibility of higher Price as this Asset has a lots of controversial Sentiments Around it and the overall human's mind consensus can be controled by Mass Media and it can result in the lots of hype, probably followed by public fund inflow and it can pomp the Price to 5$ or even higher...
Long
by BitonGroup
9
DOGE/USDT: GEARING UP FOR 200% RALLY!!!Welcome folks to my new trade setup on DOGE/USDT. If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market. DOGE is currently at the lower support trendline and there are high chances that DOGE will bounce back breaking the falling wedge pattern. All we need is a confirmation green candle, closing above the $0.119 resistance level. I am surely going long on this one with Sl at $0.109. That is going to be my invalidation point for this trade. Talking about profits then I am targeting 10% to 20% from this trade depending on the market situation. Entry: $0.115 to $0.119 (Only after confirmation candle). Stop Loss: $0.109 Targets: $0.124 $0.128 $0.133 $0.140 Note: This is not financial advice. This trade setup is based on my T.A and I am risking my own money on this trade. I am reliable for my own losses and profits. So, trade as per your preference. Do like and follow for more updates. Thank you and I'll see you guys in my next update. Trade safely.
Long
by Dexter_The_Trader
Dogecoin- where to?Since 3 December's low at 0.13 zone, Dogecoin spiked twice above 0.2 important figure, and each time failed to hold the gains. If the first time, the coin revisited 0.13 support, yesterday's spike seems to have found strong bids back under 0.2. Considering the crypto market is in a respiro moment now, we can expect a real and clear bear above this level that would put Doge in a more comfortable range between 0.2 and 0.33 That being said, I'm looking to buy this break for around 60-65% profit Doge under 0.13 would negate this scenario
BITFINEX:DOGEUSDLong
by Mihai_Iacob
14
DOGE coin to $2as you can see here, last 2017 we saw a huge dogecoin run. after 2017 run it din a correction and then did a last run in 2018 before a long consolidation. so yeah, last 2021 we sa a ultra huge dogecoin run again. and now it is on a correction, in my opinion we could see again a last run this 2022 before the next long consolidation. SAME TECHNICALS TOO RSI is on the bottom we just need to reclaim 50 EMA (RED LINE) then we might see the last run to $2 TRADE AND INVEST RESPONSIVELY
BITTREX:DOGEUSDLong
by SpyMk
8
Dogecoin: When to expect the next pump!CHART OVERVIEW The chart shows daily candles for DOGE/USDT on Binance. A Fib retracement from the low price of 0.0073 just before the triple parabolic pump pattern all the way to the current ATH at 0.74. ANALYSIS Doge has found support at the 0.786 retracement and resistance at the 0.618 point. There are certain points which could demonstrate a Wychoff re-accumulation is taking place, here are the main stages: a) Buyers Climax b) Selling Climax c) Automatic Reaction d) Secondary Test e) Upthrust f) Sign of Strength g) Last Points of Support The yellow dotted line is a projection of what could happen next, it's impossible to predict exact price movement so I expect the price will not move in this manner but if the price move upwards, this would be my best guess of it's behaviour. CONCLUSSION Dogecoin has seen massive gains, IMO it's unlikely to pump with the same strength as before but it could see a very decent pump, the 0.5671 would be a solid target IMO, a possible retracement then another big push to the ATH is definitely possible, after that to take the very bullish situation. Pumping above 0.74 could happen but I don't know how likely this would be, I think closely monitoring price action when and if dogecoin starts making big moves is the best way to determine the final target. What do you guys think, is Dogecoin going to make another parabolic pump or have we seen the most of what it has to offer? *DISCLAIMER: Not professional advice
Long
by cmpkpersonal
2
Take out the Dog- Lets see if TheDog can break is Downtrend. this bullrun was very bad for hodlers. - i have some Doge but i just play with it as trader, i am not a fan of Elon, nor Vitalik ( "Genius" Should care "ETH Fees" before start to be interested in another project ) - That's the magic of Trading, buy Before others, sell before others. Wait and Repeat, never fomo. ------------------------------------------------------------------------------------------------ Trading Parts : ------------------------------------------------------------------------------------------------ Buy Zones : - Now 0.22 ish ( a bit ) - Buy More ( around 0.25+ after a breakout ) - Rebuy Zone : 0.165 ( Full Buy ) ------------------------------------------------------------------------------------------------ Tp1 : 0.295 ( Security TP) Tp2 : 0.349 Tp3 : 0.449 ------------------------------------------------------------------------------------------------ STOP : 0.149 ------------------------------------------------------------------------------------------------ Don't be tricked by any projects and play like a robot ! Happy Tr4Ding !
BITTREX:DOGEUSDLong
by thecryer
6