DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
DOGEBUSD
DOGE - Keep an eye on this level!Here's a quick look at DOGE 1 hr. chart. It is evident that the price action has been exhibiting a trend of decreasing volatility, indicating an impending significant price movement. Therefore, it is advisable to closely monitor the price level of 0.084$ for any significant upside movement!
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The idea is: Buy when the price breaks above 0.084$ and take profits at the levels shown in the chart.
Targets:
1. 0.0855$
2. 0.087$
3. 0.0885$
4. 0.092$
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Recent Altcoin trades:
ARB / USDT: 5% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
-------------------------------------------
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
🐕Review of the Dogecoin(DOGE) Project🐕Hello! Today, let's review one of the ✴️cryptocurrency projects ✴️ which is the talk of the town these days, Dogecoin .
Today's project name is ⚛️ Dogecoin , shown as DOGE token⚛️.
As I have said before, I evaluate crypto projects based on various factors .👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at DOGE .
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Project Goals : Dogecoin was created in 2013 as a joke. Dogecoin's goals are centered around creating a fun😁, friendly, and inclusive cryptocurrency that anyone can easily use and access. Dogecoin is the start of what is known today as “meme coins”. One of the main aims of Dogecoin is to be a fast and low-cost alternative to other cryptocurrencies like Bitcoin, making it ideal for everyday transactions and small purchases. But the aim to be an alternative to Bitcoin was made as a joke to stop the Bitcoin maximalists from spreading toxicity in the Bitcoin community💬. This is why I have rated Dogecoin’s project goals 4/10.
✅ Founders : Dogecoin was created in 2013 by two software engineers, Billy Markus and Jackson Palmer. Markus, who had previously worked for IBM, developed the technical aspects of the cryptocurrency, while Palmer, a product manager at Adobe, came up with the idea to base it on the popular "Doge" meme featuring a Shiba Inu dog🐕. Initially created as a joke or a "fun" cryptocurrency, Dogecoin gained popularity among internet communities, especially on Reddit, and became known for its friendly and inclusive culture. Markus and Palmer both stepped away from the project in 2015, with Markus citing personal reasons and Palmer expressing concerns about the cryptocurrency industry's direction. Since then, Dogecoin has been maintained and developed by a decentralized community of supporters and developers with no official leadership or centralized authority. Therefore I have scored Dogecoin’s founders 7/10.
✅ GitHub : Dogecoin's GitHub is an open-source repository where the source code for the Dogecoin cryptocurrency is stored, managed, and updated. It is a central hub for developers and contributors to collaborate on the project and make changes to the codebase. The GitHub repository also includes various resources and documentation for developers and users, such as technical guides, FAQs, and release notes. Dogecoin's open-source nature allows for transparency and community involvement in developing and maintaining the cryptocurrency. The Dogecoin GitHub repository has more than 270 contributors with over 14,000 commits. That is why I have scored Dogecoin’s GitHub 8/10.
✅ Inflation Rate : Dogecoin has a unique inflationary monetary policy that sets it apart from other cryptocurrencies like Bitcoin. Unlike Bitcoin, which has a fixed supply of 21 million coins, Dogecoin has an unlimited supply, with 5 billion new coins added to circulation each year. The inflation rate of Dogecoin is fixed at 5.26% per year, meaning that the total supply of Dogecoin will increase by approximately 5.26% each year. This inflation rate is designed to ensure that there will always be new coins available to incentivize miners to continue verifying transactions and securing the network. I have scored Dogecoin’s inflation rate 6/10.
✅ Community : Dogecoin's community is known for its fun, friendly, and inclusive culture, which has played a significant role in the cryptocurrency's success and popularity. The community is made up of a diverse group of supporters, including investors, developers, traders, and enthusiasts, who are passionate about the currency and its mission.
The Dogecoin community is highly active on social media platforms, especially Twitter and Reddit, where they often share memes, jokes, and updates about the cryptocurrency.
One of the unique features of the Dogecoin community is its strong sense of humor and lightheartedness. The currency's logo features the Shiba Inu dog, which has become a popular meme on the internet, and the community often celebrates milestones with humorous memes and jokes.
Also, Elon Musk is an active member of the Dogecoin community with a significant impact on the project. Since Elon Musk is an extremely influential figure, he has managed to impact Dogecoin’s price through tweets, accepting CRYPTOCAP:DOGE for the sale of certain Tesla products, and even most recently that he changed Twitter’s logo to Dogecoin’s logo for a week. Due to this, I have scored Dogecoin’s community 9/10.
✅ Whitepaper : Dogecoin does not have a formal whitepaper in the traditional sense, as it was created as a fork of Litecoin and was initially intended to be a joke or a "fun" cryptocurrency. However, the original codebase for Dogecoin is publicly available on its GitHub repository, and it provides a technical overview of the currency's features and functionality. Since the project does not have a whitepaper, I have scored it 1/10.
✅ Developers : Dogecoin's development team is largely comprised of volunteers and community members who contribute to the project on a part-time basis. The original codebase for Dogecoin was created by programmers Billy Markus and Jackson Palmer, who have since left the project.
Since then, the Dogecoin development team has expanded to include several core contributors and maintainers who oversee the ongoing development and maintenance of the currency. Some of the current core contributors include Ross Nicoll, Patrick Lodder, and Max Keller, among others.
The development team works closely with the broader Dogecoin community to solicit feedback, implement new features, and address any issues or bugs that arise. The team is known for its collaborative and transparent approach to development, with regular updates and discussions on social media and other online platforms. Therefore I have scored Dogecoin’s developers 7/10.
✅ Tokenomics : Dogecoin is inflationary which means it does not have a maximum total supply. Dogecoin’s tokenomics include a few key features mentioned below:
Inflationary supply : Dogecoin has an inflationary monetary policy, with 5 billion new coins added to circulation each year.
Fixed block rewards : Dogecoin miners receive a fixed block reward of 10,000 DOGE per block. This reward is designed to incentivize miners to continue verifying transactions and securing the network.
Fast block times : Dogecoin has a fast block time of just one minute, which helps to facilitate quick transactions.
But an important factor to keep in mind is that 50% of Dogecoin’s current circulating supply is held just by the top 20 wallet addresses. This makes Dogecoin extremely centralized in terms of ownership. Therefore I have scored Dogecoin’s tokenomics 4/10.
✅ Venture Capital Investors : Dogecoin is a decentralized cryptocurrency and does not have any official VC investors. As a community-driven project, Dogecoin was initially created as a fun and lighthearted fork of Litecoin and has since gained popularity and support from a diverse group of enthusiasts, investors, and traders.
While Dogecoin does not have any VC investors, it has received attention from various high-profile individuals, including Elon Musk, who has been known to tweet about the cryptocurrency and show support for its community. Due to this, I have scored Dogecoin’s VC investors 5/10, even though it does not have any official investors.
✅ Competitor Comparison : Dogecoin is often compared to other meme-inspired cryptocurrencies, which have gained popularity in recent years. Here are some points of comparison between Dogecoin and some of its notable meme coin competitors:
Shiba Inu (SHIB) : Shiba Inu is a meme-inspired cryptocurrency that was created in 2020. Like Dogecoin, it features a cute dog as its mascot, and it has a community-driven culture. However, Shiba Inu has a larger total supply and has faced criticism for its lack of transparency and governance.
SafeMoon (SAFEMOON) : SafeMoon is a cryptocurrency that was created in 2021 and has gained a significant following in a short amount of time. It features a unique tokenomics structure that incentivizes holders to keep their coins in their wallets, which is very ponzi-like. Therefore SafeMoon has faced criticism for its lack of transparency and the potential risks associated with its tokenomics structure.
Akita Inu (AKITA) : Akita Inu is a meme-inspired cryptocurrency that was created in 2021. It features a dog as its mascot, and it has gained some popularity among crypto investors. However, Akita Inu has a smaller community and less widespread adoption compared to Dogecoin.
Therefore I have scored Dogecoin 9/10 compared to its competitors.
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🔔 In conclusion , Dogecoin obtained a total score of 6/10 which is average. But the important point is that Dogecoin is a meme coin after all, which means it will only have value as long as the community stays active and works for the project’s growth. The thing is, there is a high chance of people getting tired of one meme coin and moving on to a newer, more trending one. So if you are thinking of buying some DOGE, it’s best not to put in more money than you are completely comfortable with losing. Many great teams in the crypto space are working on the latest technology in order to build platforms, applications, and protocols that will increase crypto adoption and create a better experience for crypto users. Therefore, in my opinion, it’s best to invest your money in those types of projects instead of meme coins.
DOGE - Keep an eye on this level! A breakout is coming! Here's a quick look at DOGE 1 hr. chart. It is evident that the price action has been exhibiting a trend of decreasing volatility, indicating an impending significant price movement. Therefore, it is advisable to closely monitor the price level of 0.084$ for any significant upside movement!
-------------------------------------------
The idea is: Buy when the price breaks above 0.084$ and take profits at the levels shown in the chart.
Targets:
1. 0.0855$
2. 0.087$
3. 0.0885$
4. 0.092$
-------------------------------------------
Recent Altcoin trades:
ARB / USDT: 5% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
-------------------------------------------
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DOGE - Forming a bull pennant! Here's a quick look at the 30 min DOGE chart. Following a significant upward movement, the price has entered a phase of consolidation, resulting in the formation of a large bull pennant. A bull pennant is a bullish continuation pattern that typically has a 70% chance of breaking to the upside. Should this bull pennant be breached, it would suggest a continuation of the bullish trend, and as such, it is advisable to monitor this development closely.
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The idea is: Buy when the price breaks above 0.1022$ and take profits at the levels shown in the chart.
Targets:
1. 0.1033$
2. 0.1048$
3. 0.1100$
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With regards to Altcoins:
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The impact of changing the Twitter logo to Dogecoin 🕊➡️🐕Twitter changed its iconic blue bird logo on Monday to mimic the logo of a Dogecoin(DOGE).🕊➡️🐕
Now let's see how much this change in the chart can affect❗️❓
If we want to look for classic patterns in the chart, yesterday, Dogecoin was able to break the upper line of the Falling Wedge with the green candle that was the result of the logo change. But the wedge pattern is not a standard falling wedge pattern, and at the same time, a 🔴resistance zone($0.1134-$0.1020)🔴 in the daily time frame is located exactly above it. This does not mean that it has no effect and is even expected to break the resistance zone upwards.
Now, if we look at the chart from the theory of Elliott waves, it seems that Dogecoin is completing the X wave with the Expanding Flat(3-3-5) corrective structure, which is one of the most common corrective structures. Microwave C of main wave X can finish at the 🔴resistance zone($0.1134-$0.1020)🔴 or even slightly above it(maybe bull trap), which I have marked for you in the chart.
❗️ Note ❗️: If Dogecoin can break the resistance zone with a large green candle with high volume, it is expected that Dogecoin will grow up to the 🔴heavy resistance zone($0.178-$0.1580)🔴 (about 40%), which, of course, does not affect the wave count.
Dogecoin Analyze ( DOGEUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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DOGE - Watch for a break above this bull pennant! Here's a quick look at the 4D Logarithmic chart for DOGE. It is evident that the price is on the verge of breaking out of the massive bull pennant to the upside. This recent upward movement can be attributed to Twitter's adoption of DOGE as their desktop logo! There is significant upside potential if the price manages to break through this massive bull pennant!
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The idea is: Buy when the price breaks above 0.11$ and take profits at the levels shown in the chart.
Targets:
1. 0.119$
2. 0.149$
-------------------------------------------
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DOGE - Wait for this level to break!Here's a quick look at the daily DOGE chart.
It is apparent that the price has been oscillating within a larger falling wedge pattern. As a prudent approach, it would be advisable to wait for a clear and decisive breakout above this falling wedge before entering any trades. This would ensure a higher probability of success and reduce the risks associated with premature trading decisions.
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The idea is: Buy when the price breaks above 0.88$ and take profits at the levels shown in the chart.
Targets:
1. 0.9$
2. 0.93$
3. 0.98$
-------------------------------------------
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DOGE! Buy the breakout! Here's a quick look at the daily DOGE chart.
It is apparent that the price has been oscillating within a larger falling wedge pattern. As a prudent approach, it would be advisable to wait for a clear and decisive breakout above this falling wedge before entering any trades. This would ensure a higher probability of success and reduce the risks associated with premature trading decisions.
-------------------------------------------
The idea is: Buy when the price breaks above 0.88$ and take profits at the levels shown in the chart.
Targets:
1. 0.9$
2. 0.93$
3. 0.98$
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
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Dogecoin Analyze (Short Term, 1-hour Time Frame,02/22/2023)🐶Dogecoin was able to make a symmetrical triangle.
Also, Dogecoin broke the lower line of a symmetrical triangle.
I expect Dogecoin to go down.
Dogecoin Analyze (DOGEUSDT), 1-hour Time frame ⏰.
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Dogecoin Analyze (Short Term, 30-minute Time Frame,02/19/2023)🐶Due to the microwaves structure of the main wave A, I do not expect Dogecoin to be able to go above the opening price of the main wave A.
So I still have a bearish view of Dogecoin.
It seems that the structure of the main wave B has a double three correction structure(WXY), and this wave's end was in 🔴PRZ(Price Reversal Zone)🔴.
Dogecoin is losing its uptrend line and moving around the resistance line in the lower time frame of 15 minutes.
I expect Dogecoin to decline at least until the first 🟢PRZ🟢.
Dogecoin Analyze (DOGEUSDT), 30-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Dogecoin Analyze (Short Term, 30-minute Time Frame,02/17/2023)🐶It seems that Dogecoin was able to find the end of wave B at PRZ(Price Reversal Zone).
I expect Dogecoin will go down at least to the first PRZ.
Dogecoin Analyze (DOGEUSDT), 30-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
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Doge Long Position Doge Long Position , targets to take profit pointed out on chart, invalidation of long position if doge closes below the blue channel.
DOGE triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
So after this sucessful SHIB run...
...now it could be DOGE 's turn! Dogecoin broke up this triangle📐then backtested it's upper edge and bounced up. I think there is chance for run to 0.10440 and even higher. Just bought at 0.09443. To pump DOGE up, just smash the 🚀 button! 😀
ENTRY : 0.09443
STOPLOSS (SL) : local low @ 0.09259
TARGET (TP) : height of the triangle projected from midpoint of the local range @ 0.10440
REWARD RISK RATIO (RRR) : 6.2
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Dogecoin Analyze (Short term, Timeframe 4H, 12/23/2022)!!!🐶
In the previous post, I explained about the state of Dogecoin waves in the 4-hour time frame, and it did well according to the analysis.✅👇
It seems that microwave 4 will end near the downtrend line and the 38.2% Fibonacci level, while microwave 3 was extended.
In my opinion, the end of microwave 5 can be the end of the support zone.
Dogecoin Analyze (DOGEUSDT) Timeframe 4h⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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Dogecoin Analyze (Short term, Timeframe 4H, 12/03/2022)!!!🐶Dogecoin is running near the resistance zone and completed the expanding flat correction (3-3-5).
I expect Dogecoin will go down at least until the support zone.
Dogecoin Analyze (DOGEUSDT) Timeframe 4h⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dogecoin Analyze (Short term, Timeframe 4H, 01/05/2023)!!!🐶Did you read my previous posts about Dogecoin!? I hope you were able to make a good profit.✅💵😎
I would be happy if you share your experience of trading in Dogecoin with me.
Dogecoin is running on a resistance zone and near the resistance line where we have SMA 200 (Daily TF) too.
Also, if you look at my chart carefully, Dogecoin is moving on ascending channel again and has risen about +14% (like the previous upward movement).
I expect Dogecoin can not break the resistance zone and go down again at least until the support zone after breaking the ascending channel.
Dogecoin Analyze (DOGEUSDT) Timeframe 4h⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DOGE double Head & ShouldersPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
Dogecoin formed "embedded" Head and Shoulders pattern - smaller cyan (H&S1) and bigger orange (H&S2). Head is same for both, just different shoulders. Price broke the yellow uptrendline, H&S neckline1, and then also H&S neckline2 which has been backtested recently - price rejected. If we make lower low (below the white dashed @ 0.05588) DOGE can start the decline to Head and Shoulders targets (TARGET1 and TARGET2). INVALIDATION1 relates to cyan H&S1. INVALIDATION2 relates to orange H&S2.
SHIB doesn't look good either:
BTC doesn't look good either:
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Is DOGE back?Please 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free.
This is just a quick one: Triangle inside triangle. Buying here in anticipation of break out of them both to the upside. Aggressive entry. Let's run!
Details in the chart.
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ELON MUSK BUY DOGE & BTCI think Elon just bought bitcoins below $20,000
◾️He wrote on June 19:
I will support DOGE
◾️They wrote to him: so buy
◾️He answered: I am
The rate was on June 19 - $19.000 for bitcoin.
Twitter link
Conclusion: he sold at breakeven at $29,000 to buy at $19,000.
The next report will be when bitcoin comes to ATH and everyone knows that Elon bought bitcoins... This will be a short signal...
Dogecoin Analyze (Road Map)!!!🗺️🐶(Update)Dogecoin moved as I expected in my last post about Dogecoin 👇
Dogecoin Analyze ( DOGEUSDT ) Timeframe 2D ⏰ ( Log Scale )
Dogecoin plays in main wave 4 with a Double Zigzag Correction Structure .
🔅 Tip : When Dogecoin breaks the important resistance line , after that, we can verify the end of main wave 4 .
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.