DC. Playbook. Having broken through the triangle, the price went up exactly to the height of the pattern. Now we are testing global descending channel, which was broken. Please note that testing and price correction occurs against the background of oversold by RSI. Considering the beginning of the bull market and the mass excitement of retail for DOGE, I want to say that this is an ultra-bullish situation and in addition to holding the asset, I would prefer to accumulate more.
Dogechain
DC. $0.0014 price target.The falling wedge, as one of the basic patterns for this chart, is an excellent indicator of where the price will go in the medium term. Also, I noted potential trading levels, which in turn are resistance and, in the case of a bullrun and continuation of the upward trend, will be support levels.
DC. Parabola?If you look closely, you can see a parabola forming here, originating from $0.000215 level. Probable level of the parabola top may be equal to the height of the channel - that is, the level to which the price will reach upon breaking through descending channel. Again, the price has touched the level of June prices. This means that we have a sideways trend for 140 days and those who accumulate in it are buying the bottom.
DC. Growth potential x10 in 8 days.If we extrapolate the historical chart to the present time, we can assume that asset is capable of experiencing a similar upward movement. Given the bull market factor and ratio of assets in liquidity pools on decentralized exchanges, x10 may only be the beginning of global growth.
DC. Several patterns indicates moon.Descending global channel, which has been the main one in the trend formation for the last six months, has been broken. Now, based on several patterns, we can assume that the trend is broken and the moon will coming soon. Potential formation of a golden cross, equilateral triangle, a descending wedge - will probably throw the price above all trading levels. Get ready, accumulate more.
DC. Everything new is a well-forgotten old.The global descending channel formed in April is currently under pressure. The price has been testing the resistance line for two weeks. The potential breakout looks interesting for two reasons:
1. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with reference points from more than six months ago.
2. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with the trading area from more than six months ago.
DC. Reversed Head and Shoulders.The potential formation of the "Inverted Head and Shoulders" pattern indicates a local trend change is coming. Considering all my previous ideas and considering what the chart says - a change in the global trend is coming. Structures are being built, structures in the plural, which together can create a bullish trend. And in my subjective view, the trend can be impressive.
DC. Potential Cup and Handle with 775% gain.Here it is important to initially pay attention to moving averages and fact that the price has taken hold above the long-term moving average for the first time more than half a year. The price is potentially forming a Cup and Handle pattern on a two-year downtrend. Moon soon.
DC. Again and Again.RSI is in the oversold zone on a local uptrend + the price is narrowing the range, forming an equilateral triangle since July. Risk/reward looks good for forming a spot position or trading with a small leverage. Potentially, the price is able to move within triangle for several more months, which also curiously coincides with the beginning of the final growth impulse of both Bitcoin and entire market.
DC. Ascending Triangle.The time interval for the triangle formation is approx 29 days. An upward exit implies a 100% growth. If price now finds support from the long-term moving average, then the average will act as resistance in upcoming bull run of the asset. The price growth, as well as the volume growth, coincides with abnormally increased activity in Dogecoin chain. Remember that it is the Dogecoin community that is inspiration behind the creation of the smart contract blockchain for Dogecoin chain and community.
DogeChainDC is DogeChain and is one of the meme coins. Truly I do not even set any targets for this as it can go completely parabolic, but first we need to get full Bullrun for Doge, after this one will follow and outperform it by many times. I do expect at least 20x from this coin.
THIS IS VERY HIGH RISK but also high reward.
Dogecoin
$0.151
Market cap - $21,637,334,280
Dogechain
$0.001024
Market cap - $27,239,426
As you can see the current market cap of Doge is bigger nearly 800x than DC. I expect DC to reach between 1 to 3 Billion $ market cap this bull run, I am holding this myself as long term token and will start selling after 1bil mcap. I'm going to make some posts about this later this year when we see some kind of action.
This is kind of as low as the price of DC can get, indicators shows a bit of downside but I think it will be mostly sideways moves until Doge will start going up.
THIS IS VERY HIGH RISK!!!
Dogechain (DC/USDT) TA: Promising Entry Zones & Targets! Technical Analysis and Price Predictions for Dogechain (DC/USDT)
In this technical analysis, we will explore the current status of Dogechain (DC/USDT), an EVM-compatible proof-of-stake blockchain designed to enhance Dogecoin's scalability, security, and utility. It aims to complement Dogecoin by adding smart contract functionality and supporting DeFi, NFTs, and gaming. We will also provide potential entry zones, price targets, and stop-loss levels for investors considering to enter the market. It is important to note that this analysis is not financial advice and readers should conduct their own research before investing in any cryptocurrency.
Overview of Dogechain:
Dogechain is an innovative blockchain that enhances Dogecoin's capabilities by introducing smart contracts and supporting decentralized finance, non-fungible tokens, and gaming applications. As a layer 2 scaling solution, Dogechain offers expanded possibilities for Dogecoin holders and supporters.
Technical Analysis:
Based on the higher time frame (HTF) chart, the current market sentiment indicates a potential support zone for accumulation. We are anticipating a price decline to approximately $0.0005-$0.00037, presenting an excellent buying opportunity for investors.
Entry Zones:
Investors looking to enter the market should consider two entry zones:
Entry 1: Between $0.00057 and $0.00050
Entry 2: Within the range of $0.0003700 and $0.0004200
Price Targets:
In the next bullish cycle, significant growth is expected for Dogechain. We are targeting several levels as potential price milestones:
First Target: $0.00120 (a 100% increase from current levels)
Second Target: $0.00170 (a 70x increase from the bottom of the market)
Third Target: $0.0035 (a 45x increase from current levels)
Fourth Target: $0.0080
Fifth Target: $0.0150
Sixth Target: $0.0250
Stop Loss:
Due to the high potential rewards, setting a relatively higher stop-loss level is advised. If the price drops below $0.00035, it is recommended to exit the position. This stop-loss level represents a decrease of approximately 30% from the current market price and 5-10% from the identified accumulation zone.
Follow us for More Quality Analysis.
$GRIMACE IS A NEW BIG ROCKETToday I will share with you one theory regarding the adoption of cryptocurrencies by large corporations and how McDonald's is moving towards the adoption of DOGE through the MEXC:GRIMACEUSDT coin invented by them.
On January 25, 2022, Elon Musk tweeted the following:
“I will eat a happy meal on tv if @McDonalds accepts Dogecoin”
On 01/26/2022, the official @McDonald's account replied to @elonmusk tweet: “only if tesla accepts grimacecoin”.
06/06/2023 – the official twitter account of McDonald's announces Grimace’s Birthday.
Would it be a coincidence if I said that Grimace's birthday and the listing of the token on MEHS were on the same date? July 12, 2023. McDonald's hasn't mentioned its character since 2018 before this day and now has launched a full-blown promotion?
Okay, you'll say it's a typical memcoin created on a hype wave. And I'll say that the token was created in February 2023 and the development team didn't just create a sht.
The coin was released with an 1,000,000 supply on the dogechain network. It had a capitalization of 13 mln (at the time of listing) and 12mln even before listing. Shitcoin?
Okay, here are a couple more examples of why it's a gem:
The team developed their swap tool the moment KibbleSwap stopped working and did it in 24 hours to ensure they could buy and sell tokens on the dogichain network for their users.
The razrbochtik team created an earn-2-play game and has already paid out over $25,000 in 3 weeks
The community is growing and rewards. More than 3 contests and 2 airdrops amounting to more than $150,000 were held in a month.
The project has tokenomics, whitepapper and live twitter. The team has announced NFT, burning and steaming. Now take a look at the chart. In the support zone interest from buyers is not just from whitepappers who have been buying from the bottoms and made x1000, there is live buying going on in this range, which the market maker is holding back.
Also, the team announced new listings, I am sure that on the tier1-2 exchange we will be able to break through the resistance of the phyb 0.362 and fly into the space.
DogeChain - ready for a doge raceWhat is DogeChain?
DogeChain branded as Layer 2 for DogeCoin aims to supercharge $Doge by bringing crypto applications such as NFTs, games, and DeFi to the $Doge Community. This provides $Dogechain holders with more utility than simply holding their coins and waiting for them to increase in value.
Even though it is described as a Layer 2 network, it isn’t truly the case as DogeCoin is built in a separate network on Polygon Edge, one of the most popular Ethereum layer 2.
Rank #501
Marcetcap 32 Million
I add to my public portfolio
Best regards EXCAVO