ETH ecosystem to fund initial stage of crypto bullrunWhen markets rotate the money has to come from somewhere. Money can move in and out of one sector of the economy into the other, like money moving from industrials into technology or from fiat into precious metals. Money can also move around within a macro system from its constituent sub-systems. In the case of crypto, think we will see the Ethereum ecosystem beggared while money flows out of it into other ecosystems.
In order to try and stay ahead of the rotations into and out of crypto and into and out of the various layer one projects within crypto I turn to the best tool I have, which is the charts. Once we have the layer one blockchain we care about we can look at other layer projects that ride on top of the layer one to move up the risk curve for more volatility as we see fit.
ETH/Bitcoin
Bitcoin is the biggest single slice of the crypto by fame and market cap. The double top threat is pretty clear at this point. The black double top appears to be an eve and eve with the difference between the first and second peak about 3.12% That is about as textbook as we could want to see. We just have to start breaking the neckline of the formation and we should start to see more volatility in the pair.
Eth Dominance
ETH.D is likewise in a double top but this one is a bit further away from the neckline. The targeting is much the same. Due to the structures of the uptrend I think that 40% draw down is very reasonable and realistic.
XRPETH
XRP appears to be in a ascending triangle against ETH with a target close to 2x if full performance is reached.
Solana/ETH
Solana is suppose to be an Ethereum killer and in the long run I think it will live up to its name. I think it has a couple of years for the ecosystem to mature before It does. A major sign of strength will be if this W pattern performs to target. That would have Sol putting up over twice the gains than eth does in the initial stages of this move.
Polkadot ETH
Dot has been moving sideway for the last 4 months and has created some bullish divergence on the weekly chart. I think we will see it slowly erode share out of eth.
Kadena Eth
One of my favorite layer ones to watch and maybe trade before I see my long term set up is Kadena. It is poised ot have a W pattern that pops it over 100% against eth.
Cronos Eth
Cro seems to be another coin in a wedge against eth. The target this cycle is over 300% away from the current level.
ADA ETH
Oh, look, it is another coin in a bullish falling wedge against ETH. Sure reaching the previous ATH might take a decade or so, but that is a decade to favor ADA over eth.
Doge Meme Coin Versus Eth
Want to consider something that at first glance seem moronic or hilarious? Doge has the structure to 70x eth over the next couple of years.
Final thoughts
The Eth team has done a lot to make their system more affordable to use. As price goes down the ease of use goes up and the adoption goes up. Ethereum is in the process of turning itself into a volume trade and not a profit margin trade. That might be a good thing for cryptocurrency as a whole but I am chasing alpha. Crypto gives me more potential alpha than equities so I play here. If the alpha is leaving eth then I am going to leave as well, no matter how good it could be for the world or the ecosystem. Daddy can't pay for his girls food and clothes if he doesn't get that alpha.
Dogeeth
DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Dogecoin (DOGE) fell by as much as 3% on Tuesday, as bearish sentiment returned to cryptocurrency markets.
DOGE/USD dropped to a low of 0.06163 earlier in the day, following a high of 0.06329 the day prior.
The decline came as the meme coin failed to move beyond a key resistance level at the 0.0640 level.
it appears that the downward pressure came after the relative strength index (RSI) slipped below a floor at 47.00.
the index is tracking at a reading of 44.37, with the 40.00 mark a potential target for sellers.
Should this point be hit, there is a strong possibility that dogecoin will be trading below the 0.06000 region.
I have tried to bring the best possible outcome to this chart.
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DOGE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this DOGE/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- dogecoin (DOGE) was also in the green to start the weekend, as it bounced from a floor of its own.
After trading at a low of 0.06079 during Friday’s session, DOGE/USD surged to a peak of 0.06385 earlier in the day.
The jump in price came as the meme coin moved away from a support point of $0.0600, which is near a recent two-month low.
Similar to XLM, the RSI on the dogecoin chart has bounced from a support point at the 30.00 mark, and is now tracking at 34.13.
The next visible point of resistance is at the 44.00 mark, and should this point be hit, DOGE will likely be near 0.06600.
I have tried to bring the best possible outcome to this chart.
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DOGEusdt 1D break the channel In the daily time frame, according to the chart, the descending channel is broken and if the price stabilizes above the resistance range, we expect the price to increase, otherwise the downward trend will continue towards the bottom of the channel.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
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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DOGE/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this DOGE/USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Dogecoin (DOGE) also declined on Thursday, with prices falling for a fifth straight day.
Since rising to a one-month high on Saturday, the meme coin has moved lower in consecutive sessions.
Today’s low saw DOGE/USD slip to a bottom of $0.08013, which is nearly 8% lower than Wednesday’s peak.
Looking at the chart, the drop saw DOGE near a key support point at $0.08000, with bulls so far resisting a breakout.
The recent decline has pushed price strength significantly lower, moving from a reading above 70.00 on Saturday, to 52.35 as of writing.
The 50.00 mark on the RSI indicator seems to be a sustainable support point, however, should this fail to hold, DOGE bears will likely intensify downward pressure.
This is not a piece of financial advice.
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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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DOGEUSDT Can Bullish again?I specified the possible scenarios according to the trend line and support points. If the support range of the trend line and static price support is lost, a falling trend will be formed and we will have a valley lower than the previous one.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Dogecoin - setting up for a rallyDOGE vs ETH - nearing support (or at support now), which means we could see some outperformance
Last analysis on DOGE (I never went long since I thought DOGE was a joke. Joke's on me!)
Disclosure: I'm long from .217 - first time I'm long DOGE. Before I just used it as a proxy for altcoins (see post above).
.16 cents needs to hold/or risk (stop) can be a daily close below the 200dma.
GL
DOGE🐶 breakoutDogecoin broke up this huge falling wedge (yellow) and is forming sort of triangle📐(red). Currently sitting @ support 0.166-0.160 and I think there is chance for run to the higher resistances (0.34, 0.45 & 0.517) especially if price breaks the (red) triangle upper edge and horizontal resistance 0.2174. DOGE just run!🦴
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✅ DOGE Update 💥Dogecoin: DOGE is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a "joke", making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of the Shiba Inu dog from the "Doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community, reaching a market capitalization of over $85 billion on May 5, 2021. It is the current shirt sponsor (sleeve only) of Premier League club Watford.
Dogecoin.com promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke."
Elon Musk frequently mentions or talks about Dogecoin on his Twitter account, boosting its popularity significantly in recent years.
DOGE about to run againRecently there has been a really nice run by our beloved DOGE 👇
Now Dogecoin broke up this triangle 📐 and I think there is chance for run to 0.3615 and even higher. DOGE , come on, good booy! 🐶
ENTRY : local high @ 0.2814
SL : local low @ 0.2666
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.3615
RRR : 5.4
INVALIDATION : when SL level hit
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DOGE/USDT (Retesting 200D MA Support)💎Technical Analysis Summary💎
DOGE/USDT
-DOGE is retesting the 200D Moving Average at around $0.17
-The last time the price almost touches this level was on June 22
-If history will repeat itself, there is a potential bounce up reaction
-But that all depends if BTC can hold the 31k area of support in the coming days
-Yes, it is a good idea to buy at support but provided there is a sign of strength or reversal
-Good luck traders and stay safe!
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Dogecoin to 0.1 Cents or 0.05 cents?perfect chart analysis I've had on doge over the past posts... Doge needs to get a development team that make doge a better investment.. Currently as stated in my previous post its a leaking coin that has to much payout and not enough funding. If the Development team can decrease the leaking by fixing it up and more powerfunding we might we a stronger doge...
^^^
This means A HUUUUUUUUUUUUUUUUUUUUUUUGEEEEEEE PUMP while no more funding. They need to '' FIX the Leak, like a leaking car to allow this to thrive.. If it does not get fixed its going to be '' The man on the moon and now doge goes though the life of its angry and shitcoins.'' If it can get powerfunding then.. just maybe i think it might have a chance with fixing the leaks.
Doge by any standard is a trustable coin though. It just needs major improvements to be a coin of value... Biggest thing I'm looking for is stability Less leak and good amount of funding...
If possible Doge could be the Crypto '' Petro coin'' If it cant find a good source of stability and continues to leak and does not get patched up, it will never be a good long term investment.. for example.. Etherium, Bitcoin , Litecoin , or Compound for example. All of these 4 coins stated have a very nice return without as much leak..
I'm no expert though... That's just my idea of what I think could be possible. but I'm 100% Bearish on doge untill the Leak is fixed. This coin is like 2pac for instance in my eyes.