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Dogeforecast

Doge coin now introduced into the TOSOPTION algorithmThe price of crypto coins is mooning and I have decided to apply the TOSOPTION algorithms to a few popular names such as Doge, ETH and many more. The algorithm does a great job in identifying asymmetric moves and short term pull backs and potential crashes; however, the algorithm does not do a great job in identifying Max target to the penny - i don't think algorithms can do such things. Regardless, one way to identify MAX target is to use a Fibonacci extension. Based on the current status of the algorithm, it continues to maintain a LONG position and it is a matter of time and price to decide when to close partial of full position. Keep in mind, markets move in cycles and retracements can develop up to 50% of the initial move. If 50% retracement can happen, then risk managing profits into strength and psychological targets is good practice similar to brushing your teeth every morning and night.
BITFINEX:DOGEUSDLong
by TOSOPTION
DOGE/USDT : IS DOGE can become a reliable crypto currency ?BINANCE:DOGEUSDT Hello everyone 😃 The answer is NO ! For more information, Please the caption carefully... DOGE is trying to break the current bearish trendline. Also it bounced nicely from EMA20 on 4H TF and MA50 is acted as a stiff support for DOGE ! Recent fundamentals are makes two different scenarios for DOGE and as you know, Technical analysis is not reliable for current situation. - Elon Musk-Touted Dogecoin Becomes Available on Blockchain.com - CARDANO Creator Says Dogecoin Is Existential Threat to Crypto Space - Elon Musk-Touted Dogecoin Becomes Available on Blockchain.com : Joke cryptocurrency Dogecoin has been listed on Blockchain.com, the company announced Thursday. Blockchain team said : It's pretty amazing what can happen when you let people securely trade a meme. All we can say is: Wow. Much amaze. Such enjoyment. Earlier this week, the cryptocurrency—which has been memed into becoming a $90 billion asset by the likes of Tesla CEO Elon Musk—was also added by popular Israeli online broker eToro and Winklevoss-helmed cryptocurrency exchange Gemini. 🔰 Based on Blockchain acts and other exchanges listings, They are pointing another space for DOGE to bounce again ! But on other hand; CARDANO Creator Says Dogecoin Is Existential Threat to Crypto Space : In a new update on the state of CARDANO and the crypto markets, Hoskinson says DOGE isn’t sustainable and is likely to result in a systemic, catastrophic failure that will disenfranchise millions of investors. He believes such an event could “destroy the reputation” of the crypto industry and even lead to more stringent regulations. The Input Output Hong Kong (IOHK) chief executive says the root of the problem is that people aren’t buying Dogecoin for its utility. “When someone buys DOGE, if you look at the commentary of the community, 99% is, ‘We’re going to get rich.’ The only way you get rich with DOGE is if you take your Dogecoin and sell it to someone else. So that other person, you have to ask – why are they buying it? Are they purchasing that because they intend on using it for something? Or are they purchasing that because they want to get a 10x? If that mentality persists, there are only so many doublings you can have before it doesn’t happen anymore and then a panic sale happens.” 🔰 Logically DOGE is not a coin with potential for natural growth, There are many repeated signs of 2018's crash... - People are no investing into a coin with great technical overview or good events and projects, They are investing into a bubble which is made by key players ! 📌 Basically; Technical indicators has reached their limits and there will be a huge cooldown for DOGE, We just can't predict the exact time of this incoming cooldown but it won't happens near this current level ! you may asks your self why is this level so important ? According to recent publicly available data suggests relatively few people are actually using the blockchain, and those who do use it account for an incredibly large portion of its overall activity. 📚 Over 1.4 million transactions were counted on the Ethereum blockchain yesterday, according to data from Bitinfocharts, while close to 300,000 were counted on Bitcoin. Compare this to just 76,000 recorded on the Dogecoin blockchain, and an apparent wealth gap begins to emerge. Indeed, when looking at Dogecoin’s average transaction value on the day in question, it stood at almost double that recorded on Bitcoin (BTC). The average DOGE transaction value stood at $800,000, compared to $420,000 on BTC. Its statistics relative to Ethereum paint an even more dire picture — Dogecoin’s average transaction value exceeded Ethereum’s by 8,000%, despite processing only 5% of the number of transactions. 📍 However, it should also be noted that the coin’s recent peak of $0.69 is the same price target set by Reddit traders intent on artificially pumping DOGE’s valuation. The price point was originally intended to be reached on April 20 — a joke on top of a joke on 4/20 day. Dogecoin only reached a price of $0.420 at the time (boom), but now, a little over two weeks later, it has finally achieved its jocular goals. The ultimate price point being pursued by traders is $1. ❗❗❗ If more evidence is needed that markets are not always rational, look no further than this year’s GameStop pump, where the share price of a near-dead brand increased by over 9,000%. “Dogecoin has always been a joke, and the joke keeps getting funnier,” stated the Galaxy Digital report. Author of the report and head of firmwide research at Galaxy Digital Alex Thorn did praise Dogecoin for its lack of pretense, noting that the coin’s fortunes weren’t tied to foundation announcements or developer promises and that its only goal was to elicit a reaction. - Special thanks to Greg Thomson who provided us this great overview of DOGE's recent data... Now you all know the reasons behind of all this bounces on this meme coin. Whales has reached this level and they won't let the DOGE slips below it... But you have to be hold with caution, Market makers won't give any opportunity to you ! If you see that Elon Musk is supporting it; Cause he likes jokes.. This is what Spencer Bogart, general partner at Blockchain Capital said on May.04 . On February.04, Elon Musk's Twitted : Dogecoin is the people’s crypto According to above data that I mentioned for DOGE's transactions, I don't think it's the people’s crypto.. 🔺 What people really needs from crypt currencies and blockchain : - People needs a community to learn - People needs valuable sources and assets to invest - People needs enough knowledge to invest on their own research However there will be always a person who's searching for getting rich overnight. 🔴 I don't mean to criticize any other person, I just tried to help people on my own vision! Hope I can help you to choose the correct way for investing ! Always do your own research... Thanks. @Helical_Trades
Long
by Helical_Trades
90
The Dogefather 3.0Since my 2.o was flagged and unpublished because of some stupid comment. Here the 3.0. my new targets are pointing much higher than previously so i thought to make a new publish and doing this in usd.. might add some btc targets as well as a update.. the red box marks my most likely short term target 1.64 -1.96 USDT Im getting these target by using the trendline my fib secret and the SNL 8th may event.. looks like we getting frontrun on the 8.618 now that secret is out :)) at least thats what the trendline shows us. the higher targets i get by using my fibs with wicks instead of candle bodies. in case we overshoot we might stop there. otherwise maybe we reach them on the next waves. to me it looks like if we are still in the wave 3 of 5.. so after we reach the wave 3 target around 1.6 - 1.90 usd we should enter a longer correction phase again before we go to wave 4 and 5. wave 5 should be around 4.20 usd as i have already speculated in previous doge ideas. once we reached wave 3 top I will look into where to buy back. stay tuned and please read my signature and other ideas.
Long
by Candle_Styx
6
DOGE update: The SNL trade is still alive.update: The SNL trade is still alive. DOGE buyers came in last night and bought DOGE. See the momentum indicator switch from red to green. See the new green trendlines marking support and resistance (lower & upper). see light grey lines marking old highs, sellers are sitting there. DOGE has work to do to get to .70. If it does (before SNL), I look for DOGE to run hard to $1. Regardless of what DOGE does prior to SNL, the probability of a SNL sell off is high (i.e. sell the news). Experienced traders know "sell the news" is coming, so they will be scaling out of DOGE prior to SNL, and, during SNL
BITTREX:DOGEUSDLong
by TraderJoeNY
4
DOGE holds onto $0.5 key support as recovery loomsDogecoin recently achieved the wish of April’s failed “Doge day” as users and speculators pumped the price to $0.7. The primary mission was to pull DOGE above $1. However, it appears that profit-taking took precedence, adding weight to the overhead pressure. A retreat came into the picture with Dogecoin diving under $0.6. Support seems to have been established at $0.55, and if it is strong enough, the potentially massive correction will be avoided altogether. Dogecoin technical picture flipping bearish The Moving Average Convergence Divergence (MACD) has also started to drop from the recent high of 0.075. As the indicator closes the mean line (0.00) gap, bearish pressure intensifies. Moreover, the MACD line (blue) has crossed beneath the signal line and is currently widening the gap. A more extensive divergence also implies that the sellers’ influence in the market is growing. Simultaneously, the Relative Strength Index (RSI) has been ejected from the overbought area and is fast approaching the midline. The sharp drop reflects the increase in seller dominance. A continued movement toward the oversold could trigger massive losses. Note that support at $0.5 must hold to avert the potential losses and perhaps mark the resumption of the uptrend. Bulls must focus on settling above $0.6 to allow the focus to shift to $0.7 and $1, respectively. Dogecoin intraday levels Spot rate: $0.59 Trend: Bearish Volatility: Low Support: $0.5, the 50 SMA and $0.4 Resistance: $0.7
BINANCE:DOGEUSDLong
by CoinGape