Dogecoinusd
DOGE 12h Dogecoin + Defi = Pump!And we return to the Dogecoin joke-project. In the previous idea, we described how the project hyped on Elon Musk's tweets and predicted the price movement very accurately.
Yesterday and today DOGE continues to hype, becoming part of the Defi sector.
Dogecoin is now available as renDOGE on the Ethereum network, opening up a whole new world of opportunities for the crypto community.
The Dogecoin community can now hold DOGE while spending and participating in DeFi.
renDOGE is the tokenized version of DOGE running on Ethereum.
Users can mint DOGEO, stable coins pegged to dollar 1:1, with the help of their Dogecoins.
Such a news background, in less than a day, gave neither more nor less, only +100% :)
What is waiting for us now? Most likely a correction...
The level closest to the bottom is $0.01.
If the price stops there and there are signs that it is possible to buy long, then we can expect another move x2 to the absolute high of the beginning of 2018, around $0.2.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
dogPlease provide a meaningful and detailed description of your analysis and prediction. Walk us through your though process. Put yourself in the reader's shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade idea.
Dogecoin jokes its way to a whopping 500% explosion
Dogecoin rallies more than 500% to highs above $0.05 boosted by Reddit traders.
DOGE attracts the real fear of missing out every time it spikes, other altcoins tend to rally as investors look for alternatives.
Dogecoin out of nowhere rallied over 500% to hit levels above $0.5. The altcoin which began as a joke has from time to time surprises many by rallying significantly. Dogecoin started as a meme on Tweeter, to say the least. The story of the token is a good example of the world being crazy and the people in it spontaneous.
Dogecoin transforms from a joke into a real cryptocurrency
Dogecoin has a big following in the cryptocurrency space. Besides, like Bitcoin, it has a real-world use case as a medium for peer-to-peer transactions using a decentralized network. While cryptocurrency is often referred to as money for the geeks, Dogecoin is a token with a dog image on it. Perhaps this is why it is so valuable. People are probably finding it easy to relate to Dogecoin than other altcoins, let alone Bitcoin.
Dogecoin had an early start in cryptocurrency, debuting at the sheer peak of the meme’s popularity, the Doge meme – The iconic Shibe. In a tweet by Palmer, an Australian-based marketer, “investing in Dogecoin, pretty sure it’s the next big thing” put Dogecoin on the global map.
Dogecoin has had a lot of ups and downs since its intriguing start. However, the latest pump, over 500% is something to marvel about and Reddit traders are the people to thank for it. The 4-hour chart shows Doge breaking out of a symmetrical triangle. However, unlike the usual breakouts of similar patterns in technical analysis, Dogecoin went ballistic as investors rushed to capitalize on the gains.
For now, Dogecoin is trading at $0.038 after retreating from the yearly high of $0.051. The Moving Average Convergence Divergence doubles down on the uptrend, suggesting that Dogecoin could rally some more before a correction comes into the picture. Support in the case of a breakdown is not clear based on the majestic spike, but traders can keep areas such as $0.035 and $0.025 in mind.
Dogecoin intraday levels
Spot rate: $0.035
Relative change: 0.003
Percentage change: -6%
Trend: bullish
Volatility: High
DOGEUSDT(Waiting for the Triangle Breakout)#DOGEUSDT (4h chart) Technical Analysis Update
Triangle Breakout
DOGE/USDT currently trading at $0.0108
Long Entry-level: Above 0.0110
STOP LOSS: below $0.0096
Reisstance level 1 (Target 1): $0.0123
Resistance level 2 (Target 2): $0.0140
Max leverage: 3x
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
Dogecoin let's look behind the graph.Dogecoin let's look behind the graph. On several occasions, Elon Musk has moved the markets with a Twitter message: typically, his announcements have so far had an impact on Tesla's share price rather than on other instruments. Now, on the other hand, he moved Dogecoint by about 20% when he wrote, "One word: Doge." The inventor even posted on his Twitter profile, "He was the CEO of Dogecoin."
Prior to the announcement, Musk criticized bitcoin, writing that "almost as much stupidity as cash." That’s why their cryptogurus linked the “Doge” listing to Dogecoin, not the funny yellow dog.
Shortly after the Dogecoin rally, the cryptocurrency of the cryptocurrency broke down: only yesterday, the fall was 8%.
Most recently, Elon Musk tweeted about Dogecoin in July when he exposed a meme on Twitter, suggesting that Dogecoin would sweep away the traditional financial system.
Elon Musk is often trolling on Twitter anyway, he probably has done it now and there is no real foundation on which to actually encourage cryptodeviso gurus to buy. Source: Portfolio
As can be seen in the technical picture. DOGEUSD builds a double ascending fractal structure. It can be seen that the initial ATR size (white square) of the second fractal wave structure is exactly twice the size of the first fractal ATR. This may mean that the resulting wave sequence in the second case may be double the first. Therefore, the current rise target price is 0.0066176
Dogecoin may see another leg up soon.Hey, I am back with another Idea, today specially during the weekend.
Altcoins are showing some really decent move these days even without Bitcoin moves up, as their BTC value is very low by Bitcoin having strong dominance in the market, but that always from time to time shifts.
Bassicaly, the Dogecoin looks pretty bullish and it looks like there will be another leg up soon.
TP level 1
0.0039200
TP level 2
0.0043150
Make sure to follow me in order to not miss out on my future crypto ideas.
If you found this setup useful, please don't forget to leave a like!
I post every working day. 🙌
DOGE/USD LONG SET UP (MAJOR BREAK OUT ZONE)Dogecoin seems to have jumped into life as it was announced that the digital asset was listed on Robinhood’s crypto platform. So now the price of Dogecoin is boosting up by 20%! The US crypto platform has announced that they will now be listing Dogecoin as an asset for trading. Robinhood’s cryptocurrency platform is available in seventeen states and got its first time in the news after it made the decision to launch a zero-free Ethereum and Bitcoin trading earlier this year. The Robinhood crypto platform is allowing further offers for consumers to access Bitcoin Cash and Litecoin
BUY DOGE/USD ON ROBINHOOD
ENTRY 0.00248
ENTRY 2 0.00255
TP.1 0.0031
TP.2 0.0062
TP.3 0.0078
TP.4 0.01
Dogecoin Could Be Juicy! (DOGE)Good afternoon guys, I was able to catch up on some sleep.
Now let's get back into the action!😁
Dogecoin usd looks like it could be setting up for a squeeze in this bullish pattern.
DogeBtc pair shows almost complete exhaustion.
Look for the breakout for a play.
If you me than you know I'm very bullish on altcoins right now for very long term holds.
This is a high risk coin, don't invest what your not willing to lose
Stay sharp and stay focused!