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DOGE on threshold for 48% rally amid Elon Musk aggressive pump Dogecoin breaks above a symmetrical triangle pattern and readies for liftoff to $0.4. Elon Musk becomes the official “Dogefather” ahead of the Saturday Night show. The immediate support at $0.30 should be defended; otherwise, a correction may occur toward $0.15. Dogecoin led the price action in the cryptocurrency market on Wednesday, breaking away from the slugging crypto assets. The majestic price action happened in the wake of a tweet sent by Elon Musk, the founder of Tesla. DOGE spiked by more than 20%, hitting $0.35 for the first time in more than a week. Musk said that he would be the “Dogefather” as he hosts the Saturday Night Show. The billionaire has an undying love for the meme coin, which has rallied extensively since the beginning of the year. Besides, it has become common to expect a tweet regarding Dogecoin from Musk, who once said that he would put a literal Doge on the moon. Dogecoin sets out for the technical breakout At the time of writing, Dogecoin trades at $0.32 while bulls look forward to levels above $0.35 and $0.4, respectively. Besides Musk’s pumping, Dogecoin also broke out of a symmetrical triangle, as illustrated on the four-hour chart. This pattern has both bullish and bearish biases. However, when the price slice through the upper trendline, just like Dogecoin, a breakout is anticipated. A spike in trading volume confirms the breakout, which has a precise target, measured from the highest to the lowest points. It is worth noting that the Moving Average Convergence Divergence (MACD) affirms the uptrend. As the indicator crossed into the positive region, it became apparent that buyers had taken control. In addition, the MACD line holds above the signal line, thus cementing the bulls’ influence. Dogecoin intraday levels Spot rate: $0.32 Trend: Sideways Volatility: Low Support: $0.3, the 50 SMA, and $0.25 Resistance: $0.35 and $0.4
BINANCE:DOGEUSDLong
by CoinGape
Dogecoin analysis Quick analysis on Dogecoin using both wave theory, Fibonacci analysis, pattern analysis & volume/price analysis : Wave theory Analysis: 1) Dogecoin had a nice IMPULSE run-up from Apr 12th to Apr 16th going from $0.07 to $0.44 as shown in my 5 point wave in the diagram above 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the correction is a FLAT correction look at my wave A-B-C touching the support & resistance lines at $0.42 and $0.25 respectively 4) I believe the corrective wave C is going to come down to $0.25 before the support is tested again to see if it moves up in the next impulse leg up or go down - so watch out for this support line at $0.25 Fibonacci analysis : 1) The impulse leg went up from Apr 12th to Apr 16th going from $0.07 to $0.44 2) The FIB 50% retracement is exactly at $0.25 3) Once the FIB 50% retracement is tested we can determine if the market moves up or down upon confirmation Pattern Analysis: 1) This fits into a nice classic Double tops, Adam & Eve pattern 2) The Eve side of the wave is going to go down to the support line $0.25 and if the support doesn't hold it might go down Volume-Price Analysis: 1) This is a classic Volume Price Analysis, the market had a nice accumulation phase from Jan 28th - Apr 10th 2) During the accumulation phase the price went from $0.006 to $0.07 and remained at that level for about 3 months 3) Then came the public participation phase where the market moved up from Apr 12th to Apr 16th raising the price from $0.07 to $0.44 4) After the public participation phase comes the distribution phase where the sellers clear some of the volumes and take profits 5) In the distribution phase the prices for support & resistance are at $0.25 to $0.44 6) The support price $0.25 is tested at the end of the distribution phase to see if that support holds to go for the next run-up or if the market is marked down Summary : ------------- 1) Looks like the bears are still in control 2) The support line $0.25 needs to be tested one more time and see which way the market is going to trend Happy trading, feedback is always appreciated
BITTREX:DOGEUSDShort
by JAN360
4
Dogecoin $DOGEUSD PT .58 next...Dogecoin is mooning, and we're listening for the popping sound With dogecoin back in the news, the bubble pop can't be far behind. The cryptocurrency, which was explicitly created as a parody of crypto in 2013, is on an epic run. As of Saturday, a single dogecoin was worth approximately $0.30 according to CoinMarketCap. That's up from $0.004 at the beginning of the year. The meme-themed cryptocurrency last made waves in Dec. 2017 just ahead of the Jan. 2018 height of the previous crypto bubble. At the time, articles like "Everyone Is Getting Hilariously Rich and You're Not" seemed the perfect punctuation to a speculative run that for many ended in financial ruin. Of course, 2021 is not 2018, and the cryptocurrency market is in a different place now than it was back then. The current astronomical price of bitcoin aside, a shift away from scam-laden ICOs to the Coinbase listing on Nasdaq suggests this time crypto's financial dominance may be here to stay. Or maybe not. Appropriately, dogecoin has been aggressively memed to prominence over the last few months by the likes of none other than Elon Musk. Which, honestly, might be seen as a leading indicator — just not the kind that's good for the future of dogecoin hodlers. Bubble or no, with a market cap of around $40 billion dogecoin is clearly having a moment.
BINANCE:DOGEUSD
by UnknownUnicorn19246015
1
DOGE is one of best alts from our golden list. +200% in 24h! 🚀At the beginning we want to congratulate everyone who is playing with our long-term strategy and made with as +200% in DOGE in last 24h! 🚀 This is the reason why we are holding these coins for long-term until late bullrun and we don`t selling them after 100% or 200%. Doge made already x18 before and now after natural correction rocket is starting again. Every coin from our list can give you huge profit like dogecoin, chz or btt. These coin will go to the moon one by on. What we are doing now? We are still holding our huge package of DOGE. Is it still good time to buy? We believe that DOGE will go higher in long-term. However you must decide by yourself if you believe in DOGE or if you prefer to invest money in coin which didn`t made 200% in last 24h. Diversification is the key to success - our strategy says to keep small % of your money in all altcoins from our golden list. Thanks to this strategy if one or even few altcoins will not grow up as much as we wanted we have still many many good altcoins which make profits. We suggest you to use our long-term strategy and buy all coins from our list but with very small amount for every coin - not big amount in 2-3 coins, because if one of these 3 coins would fail you would fail with 1/3. With our strategy if one coin fail you would fail just in 1/ 40. After 8 years in cryptocurrency market we know all these things and we are really happy that we can share them on our website and here on this beautiful platform - on tradingview. Remember it is better to learn from the mistakes of others than from your own! 🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment. ❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts. ✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
BINANCE:DOGEUSDLong
by Best_Altcoins_Trades
2
DOGE is one of best alts from our golden list. +200% in 24h! 🚀At the beginning we want to congratulate everyone who is playing with our long-term strategy and made with as +200% in DOGE in last 24h! 🚀 This is the reason why we are holding these coins for long-term until late bullrun and we don`t selling them after 100% or 200%. Doge made already x18 before and now after natural correction rocket is starting again. Every coin from our list can give you huge profit like dogecoin, chz or btt. These coin will go to the moon one by on. What we are doing now? We are still holding our huge package of DOGE. Is it still good time to buy? We believe that DOGE will go higher in long-term. However you must decide by yourself if you believe in DOGE or if you prefer to invest money in coin which didn`t made 200% in last 24h. Diversification is the key to success - our strategy says to keep small % of your money in all altcoins from our golden list. Thanks to this strategy if one or even few altcoins will not grow up as much as we wanted we have still many many good altcoins which make profits. We suggest you to use our long-term strategy and buy all coins from our list but with very small amount for every coin - not big amount in 2-3 coins, because if one of these 3 coins would fail you would fail with 1/3. With our strategy if one coin fail you would fail just in 1/ 40 . After 8 years in cryptocurrency market we know all these things and we are really happy that we can share them on our website and here on this beautiful platform - on tradingview. Remember it is better to learn from the mistakes of others than from your own! 🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment. ❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts. ✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
Long
by Best_Altcoins_Trades
DOGE is one of best alts from our golden list. +200% in 24h! 🚀At the beginning we want to congratulate everyone who is playing with our long-term strategy and made with as +200% in DOGE in last 24h! 🚀 This is the reason why we are holding these coins for long-term until late bullrun and we don`t selling them after 100% or 200%. Doge made already x18 before and now after natural correction rocket is starting again. Every coin from our list can give you huge profit like dogecoin, chz or btt . These coin will go to the moon one by one. What we are doing now? We are still holding our huge package of DOGE. Is it still good time to buy? We believe that DOGE will go higher in long-term. However you must decide by yourself if you believe in DOGE or if you prefer to invest money in coin which didn`t made 200% in last 24h. Diversification is the key to success - our strategy says to keep small % of your money in all altcoins from our golden list. Thanks to this strategy if one or even few altcoins will not grow up as much as we wanted we have still many many good altcoins which make profits. We suggest you to use our long-term strategy and buy all coins from our list but with very small amount for every coin - not big amount in 2-3 coins, because if one of these 3 coins would fail you would fail with 1/3. With our strategy if one coin fail you would fail just in 1/40. After 8 years in cryptocurrency market we know all these things and we are really happy that we can share them on our website and here on this beautiful platform - on tradingview. Remember it is better to learn from the mistakes of others than from your own! 🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment. ❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts. ✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
Long
by Best_Altcoins_Trades
1
DOGE explodes, reaching toward the moon, hits $0.15 Dogecoin goes ballistic to trade another new all-time high. More upward action expected as Dogecoin eyes liftoff to $0.2. Dogecoin has become a household name in the cryptocurrency industry. Despite Elon Musk, the founder of Tesla, having an unquenched thirst for the coin, investors worldwide continue to shower it with love and attention. The break above $0.1 catalyzed the swing to new highs as massive buy orders were triggered. Dogecoin extends the bullish outlook The Meme Coin exchanges hands at $0.13 at the time of writing, following a majestic rally over the last couple of days. Short-term technical levels reveal that the slightest resistance path is upward. For instance, the Moving Average Convergence Divergence (MACD) indicator is firmly in support of the bullish narrative. In addition to striking higher levels within the positive region, the MACD line (blue) divergence from the signal line is a massive bullish indication. Meanwhile, higher support must be established to secure the uptrend. A spike above $0.15 may catalyze another uptick to highs past $0.2. It is clear that Dogecoin's uptrend is still intact and could reach much higher levels. On the flip side, failure to close the day above $0.12 could spur a rise in overhead pressure. Any sign of instability will likely trigger sell orders as investors cash out for profit. Other key support areas to keep in mind include $0.1 and $0.08. Dogecoin intraday levels Spot rate: $0.13 Trend: Bullish Volatility: High Support: $0.12 and $0.1 Resistance: $0.14 and $0.15
BINANCE:DOGEUSDLong
by CoinGape