Dogetothemoon
To the MARS by Elon - Channels working wellHi guys,
Honestly , Even many analyis were saying DogeCoin will go up until 0.7 last week. But Let's accept that we all though it was going to moon to 1 dollar range with Elon SNL show. After the show , Unfortunately, DogeCoin literally crashed .Now , it is consolidating price to charge some power. When we look the bigger picture. We saw last months , Doge made a nice channel and moves in the channel for a while. I draw the channel and as channel broken level I added another channel top of old channel as long as old one.It was pointing 0.74 exactly for target. Last week Doge coin literally touched 0.74 and come back to 0.4-0.50s. Now As we see in the graph , There is high posibility that history will repeat itself and we will experience another channel break to up. For that channel break , we draw another channel top of current channel and It is pointing 1.04 dollars. As we see in also RSI , movement looks exactly identical as last month drop and rocket. I hope that history will repeat itself and DogeCoin will rocket again.
Honestly , I saw many bad analysis on DogeCoin or some gurus saying that it will crash to cent again. or it will keep going down. For my opinion, This all analysis and bets on DogeCoin for short is total Bulls***t. It was a big moment what happened in SNL. DogeCoin literally showed all market that it can control and dominate all the coins in the market. We never see this movement before in any coin other than BTC. Last Saturday , Even DogeCoin crashed , It proved that It has a power to dominate and control the market. It is huge. Also after the show , Elon is keep pushing and take even more responsibility by tweeting and supporting DogeCoin. We should all have think a second and accept DogeCoin is out of meme , out of joke from now on. It has a power and It showed whole traders how it can get powerful is.
Sorry for this long Anaylsis on Doge. I just felt like to say all my opinions for that traders waiting hopeless after the crash. I hope we will see the Moon as Elon Musk said :)
Not a financial Advise.
Lets watch guys!
#Doge420 Was a Bust, Will #DogeSNL Be Different This Time?Lots of hype for #dogetothemoon / #DogeSNL / #SHIB day with Elon Musk tonight but also a lot of skepticism from the folks who were burned from #Doge420 day. Will it be another bust?
Despite the disappointment, #420dogeday may have actually worked, in retrospect. Here's why:
A lot of #crypto fans know how to buy coins and they often take that for granted. For the non-technical person out there, setting up an account (especially since Coinbase doesn't support DOGE yet) isn't that easy. There's a learning curve involved with this stuff.
People also don't change their habits easily -- seeing the hype might get them interested but people have things to do and they're not going to jump in right away.
I'm thinking about my mom who bought a sizable amount of DOGE because she thought "it was cute" (is a better reason than most investors tbh -- at least she likes the product) but it took her a few weeks of thinking and trying before finally making the decision to put money in.
The short story is that these marketing blitzes take time, and you need a while for people to digest the information, especially when it comes to a complex product like crypto. If you were part of 420 Doge Day, don't feel bad about it -- you did your part. A little patience is all that's really needed, here. 🙂
$DOGE whats the next step ?Over the past few months we have picked up on a very obvious correlation.
If the major crypto pairs are dumping, (BTC, ETH, BNB) We see DOGE pumping.
It looks as if volume is getting driven from these pairs from panic investors and its flowing right into doge.
The DOGE coin market is currently retail fomo driven and we see nothing but further movements from here.
If we see a small pull back we can expect to touch previous highs around $0.45 - $0.51
My next target would be at our next fib extension level at around $0.94
$DOGE 🐶 Current View DOGE has respected the double top formation and looks to retest rising wedge support.
A rising wedge is a bearish pattern, but as we know DOGE is moving parabolic.
If rising wedge support can not hold, a retest towards $0.25 area could occur which would create a double bottom which is a strong bullish indication.