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Dogecoin

Tell me if I am wrong. I could use some proof reading.I’ve only been seriously trading for about 18 months now even though I’m pretty familiar with the crypto space… I’m not the best at spotting patterns so I would like to hear what you think. Does anyone else see an inverse head and shoulders pattern on the daily chart for DOGE/USD?? COINBASE:DOGEUSD I innately thought it was a Adam and Eve pattern but I was wrong and I fear I might be wrong again.. LMK what you think.
COINBASE:DOGEUSDLong
by Navidad93
2
Dogecoin Eyes a Golden Repeat: A Bullish Signal on the Horizon? Dogecoin (DOGE), the self-proclaimed "meme coin" that took the internet by storm in 2021, is back in the spotlight. This time, it's not a celebrity tweet or a viral trend driving the buzz, but a technical indicator with a historical track record of bullish success: the golden cross. Golden Cross: A Beacon of Hope for DOGE? The golden cross is a chart pattern formed when the 50-week simple moving average (SMA) crosses above the 200-week SMA. In simpler terms, it indicates that the short-term (50-week) average price is trending higher than the long-term (200-week) average, suggesting a potential shift towards a sustained price increase. For Dogecoin enthusiasts, the significance of this pattern lies in its past performance. In early January 2021, DOGE experienced a golden cross, which was followed by a meteoric rise of over 8,000% in just four months. This phenomenal surge propelled DOGE from a fraction of a cent to a record high of nearly 76 cents per token. Is History Repeating Itself? As of today (May 10, 2024), DOGE's weekly price chart displays a similar setup. The 50-week SMA is steadily climbing and appears poised to breach the 200-week SMA in the coming weeks, potentially confirming a golden cross. This has understandably ignited excitement among DOGE holders, with many hoping for a repeat of the 2021 price explosion. A Word of Caution: Past Performance Isn't a Guarantee While the historical correlation between the golden cross and DOGE's previous surge is undeniable, it's crucial to remember that past performance is not necessarily indicative of future results. The cryptocurrency market is notoriously volatile, and numerous factors beyond technical indicators can influence price movement. Here are some key considerations to keep in mind: • Market Conditions: The overall cryptocurrency market sentiment plays a significant role in DOGE's price. If the broader market experiences a downturn, even a golden cross might not be enough to propel DOGE on a similar upward trajectory. • Regulatory Landscape: Regulatory changes or interventions can drastically impact cryptocurrency prices. Close attention should be paid to any upcoming regulatory developments that could affect DOGE's market. • Whale Activity: Large investors, also known as "whales," can significantly influence DOGE's price through substantial buy or sell orders. • DOGE's 2024 Landscape: Beyond the Golden Cross Even if the golden cross materializes, it's important to maintain a realistic perspective. Unlike 2021, DOGE currently benefits from a more established market presence. This, coupled with its year-to-date gains of over 70%, suggests a potentially stronger foundation for growth compared to its earlier explosive but volatile rise. The Bottom Line: A Sign of Hope, But Not a Crystal Ball The potential golden cross is undoubtedly a positive development for DOGE, offering a glimmer of hope for a sustained price increase. However, responsible investors should conduct thorough research, consider broader market factors, and avoid solely relying on technical indicators for investment decisions. While the 2021 price surge might not be a guaranteed outcome, the golden cross signifies a shift in momentum, potentially paving the way for a more stable and upward price trajectory for Dogecoin in the coming months.
CRYPTOCAP:DOGELong
by bryandowningqln
💎 GTAI/USDT : The GTAI/USDT Surge to New Heights ! Agree ?Upon reviewing the GTAI/USDT chart, we observe that the price began to rise following our last analysis and achieved the expected return we anticipated. The short-term expected return was between 20% to 50%, and the price managed to increase by more than %26, reaching up to $2.30! It’s likely that after a minor correction, we will see the price grow again. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
1
$DOGE COIN to $1?In the past weeks, the memecoin frenzy has fizzled out on the Solana Ecosystem and this is simply due to over saturation, The saturation eventually turned major tokens on the Solana Eco System to a Player Vs Player Trading, this is not healthy for any any market just as it is obvious that each narrative has finished playing itself. The eventual factor that limits participation of noobs on ETH memecoin is gas fee and this has surely been sorted by the advent of CRYPTOCAP:DOGE on all major centralized exchanges, this will surely catalyze new entrants and even old investors to pour funds in it, as much as we may be of the opinion that the memecoin Frenzy has been extinguished, it is very obvious that the $TESLA billionaire is not letting go of his love for CRYPTOCAP:DOGE anytime soon. CRYPTOCAP:DOGE high it's all time high in 2021 on the day that ELON musk appeared on the SNL and shilled it, Elon; in fairness to him and credit to himself has also never failed to remind everyone that he will cause payments to be made in CRYPTOCAP:DOGE for the $TESLA and some of his other products. Narrative wise, CRYPTOCAP:DOGE is a safer choice of investment due to the amount of liquidity that is locked in it, Unlike what we have on Salana Memecoins such as CRYPTOCAP:WIF and $MEW. I am of the opinion that as new memetokens begin to fizzle out, everyone will revert to mean and join the CRYPTOCAP:DOGE train as we ride it to $1 again. Technically Speaking, CRYPTOCAP:DOGE has broken out of a multiyear bear market cycle and will begin to move up from here.
Long
by theGideonAjose
💎 DOGECOIN (DOGE) - Investment Opportunity (READ THE CAPTION)Upon reviewing the #Dogecoin chart on a weekly (logarithmic) timeframe, we can see that last week the price dropped to the demand level of $0.12 and then encountered buying pressure, managing to rise by more than 40% to $0.17. Currently, this cryptocurrency is trading around $0.148 and I expect further growth in the medium and long term. The upcoming price targets, in order, are $0.229, $0.35, $0.374, and $0.75. The expected long-term yield of this cryptocurrency is above 300%! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
3
💎 LITECOIN (LTC) - Investment Opportunity (READ THE CAPTION)Upon examining the #Litecoin chart on a weekly timeframe, we can see that the price is currently trading around $81.5 and there is still an opportunity for further analysis for long-term investment. The demand zones are respectively from $67 to $72 and $53 to $59, while the supply zones are $93.8, and from $112 to $134. The targets for this cryptocurrency, in order, are $92.5, $115, $200, and $268. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
3
💎 CHILIZ (CHZ) - Investment Opportunity (READ THE CAPTION)Upon reviewing the #CHZ cryptocurrency chart on a weekly (logarithmic) timeframe, we observe that the price, after a correction down to $0.10270, has once again encountered demand pressure and has managed to grow to $0.13130 up to this moment. The yield of this analysis has been over 30% so far and remains valid! The next targets, in order, are $0.16890, $0.215, $0.297, and $0.39360! The expected long-term yield of this cryptocurrency is over 250%! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
5
💎 BITCOIN (BTC) : Going Higher or What ? (READ THE CAPTION)Hello traders ! Upon reviewing the Bitcoin chart in the weekly timeframe (logarithmic), we observe that after the price dropped to $56,000, it encountered demand as expected, presenting an attractive buying opportunity to purchase at a discount. The return on this analysis from last week until now has been over %15, and the price was able to rise from $56,000 to $65,000! Currently, the price is trading around $62,000, and the other assumptions of the previous analysis remain valid. The medium-term targets for Bitcoin are, in order, $77,000, $85,000, and $100,000. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
11
SUNUSDTGod's money Our trust is in God In today's society, money is God, if you are rich, you are God of people So step by step in the direction of analysis and successful entry and exit, God of the people, be patient and be patient Sun currency has reached the resistance zone, it is forced to collect and distribute in order to continue moving and aiming for price increase. And the price drop becomes more likely. So you can enter the market at specified points and make a profit.
Short
by FUACOMPANY
DOGEUSD: decision timeRight now, to make the long story short, watch $0.14 and $0.17. There is a chance of head and shoulders pattern building. Doge needs to hold the 14 cent support. At the same time, a break above 17 cents will increase the chance of wave 4 completion and wave 5 progression towards $0.30. From my last post I have readjusted the count to keep the minor degree impulse going rather than an intermediate degree wave 2 in progress. If 14 cents breaks and price heads lower, then I will need to switch back to my previous count. Market needs to decide what it wants to do.
CRYPTO:DOGEUSDLong
by mukit1
4
DOGE is in a long-term bullish rallyFirst of all, pay attention to the time frame. A strong support zone has formed on the chart (shown in green). Every time the price returns to this area, it will be rejected to the upside. From where we placed the green arrow on the chart, the price has entered a bullish wave. The previous correction was nearly 900 days. This bullish wave is also expected to have a period above 500 days. After the completion of the previous correction, the price seems to have entered a diametric. We now appear to be at the end of wave D of this bullish diametric. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
1