DOGEUSD Potential rise to 0.1590 if the MA50 (1w) breaks.Dogecoin crossed today over the Falling Resistance that originated 1 year ago and hit the MA50 (1w).
The last structure that crossed over a Falling Resistance (October 24th 2022) delivered an incredible rally.
Trading Plan:
1. Buy if the candle closes over the MA50 (1w).
Targets:
1. 0.15900 (Resistance 1).
Tips:
1. The MACD (1w) completed a Bullish Cross this week and is what can fuel the rally in case the MA50 (1w) breaks.
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Dogeusd
DOGE rocket is loaded! Progressive growth expected?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
All day yesterday I looked at this chart and still didn’t dare to enter, and the price went a little without me. I'm thinking of trying to gain a position from the current values...
Legends say that October-November are the months of meme coins, and this is true! Rewind the chart or just take a look at FLOKI or newcomer PEPE now. At the moment, DOGE stands still in comparison with them and perhaps this is the next contender for PUMP.
The technical chart looks sexy, a countertrend breakout can push the price further. Also pay attention to the tweets that are spreading a lot of euphoria. I will try to fly, perhaps already on a departing train. What do they say? Those who don't take risks don't drink champagne, right?
Deal plan:
Entry - $0.07220
Stop - $0.0645
Take profit - $0.08-0.1
Guys, try to respect the risks - this is still an altcoin, and everything can change in a matter of minutes. Per trade up to 5% of the deposit, leverage no more than 5X.
Tesla Just Had Its Worst 4Mo Red Combo. Nightmare, or a Chance?!Tesla's stock just had its worst week of 2023, plunging 16% on Elon Musk's earnings-call nightmare.
Tesla NASDAQ:TSLA shares plunged 16% over the five-day stretch ending October 20, as disappointing third-quarter earnings and a disastrous call led by CEO Elon Musk sparked a sell-off.
The nightmarish week wiped nearly $130 million off the EV maker's total market capitalization. while Musk's own personal fortune declined by around $30 billion, according to the Bloomberg Billionaires Index .
The stock is still up appr. 80% year-to-date, but has given up some of its gains over the past few months with the early-2023 hype around AI fading and investors starting to fret about the impact of higher interest rates.
Last Wednesday, on Oct 18, 2023 Tesla reported quarterly earnings that fell well short of Wall Street's expectations. The company posted adjusted earnings-per-share of $0.66, missing the consensus estimate of $0.74, and also underperformed analysts' revenue forecasts.
Musk then said in a post-earnings call that Tesla had likely "dug own grave with the Cybertruck" due to enormous production challenges, and warned of several economic headwinds that could drag on demand.
Tesla just had its worst 4-months Red Combo since June 2023, while Tesla stocks price fading after that within four months in a row, from July till October (in this time).
Sure we can call this performance like a "mini-disaster", but still it's too early to say that world's richest man became a "little baby" who is "fully in tears".
Meanwhile strong and powerful technical analysis says that the carmaker's hellish string isn't a bad one, while buyout things right here to come.
Tesla stocks were doing well in June 2023, where bearish hugs and weekly SMA (52) were broken, so I have to say, there is almost no hellish right here, just a technical confirmation of reversal that has happened several months ago in 2023.
Tech graph below is a long-term view, with further updates on monthly/ quarterly basis.
Doge Breaks Through Resistance of 0.065 - Time to Go Long!
I hope this idea finds you wagging your tail with excitement because guess what? Doge has just made a jaw-dropping move by breaking through the resistance level of 0.065! 🚀🐶
I couldn't contain my excitement and had to reach out to you immediately to share this thrilling news. Doge has been gaining momentum lately, and this breakthrough is a clear sign that it's time to hop on the Doge train and go long!
But why should you consider going long on Doge? Let me give you a few pawsome reasons:
1. Breakthrough Momentum: Doge's recent breakthrough of the resistance level indicates a strong bullish sentiment in the market. This breakout has the potential to fuel a significant upward trend, presenting an excellent opportunity for traders like you.
2. Community Power: Doge has one of the most vibrant and passionate communities out there. Their collective enthusiasm and support have played a significant role in driving Doge's growth. With such a dedicated community behind it, Doge has the potential to surprise us all!
3. Volatility: We all know that volatility can be a trader's best friend. Doge has shown its ability to make wild swings, presenting ample opportunities for traders to profit. By going long on Doge, you can ride the waves of volatility and potentially maximize your gains.
Now, I know you're probably itching to take action and capitalize on this exciting opportunity. So, here's your call-to-action:
📣 Join the Doge revolution now and go long on Doge! 📣
Whether you're an experienced trader or just starting, this breakout presents a fantastic chance to make some serious gains. Don't miss out on the action!
Remember to conduct your own analysis, set your risk management strategies, and make informed decisions based on your trading goals. As always, it's crucial to stay updated with the latest market trends and news.
Grab your trading gear, brace yourself for an exhilarating ride, and let's go long on Doge together!
The DOGE coin will be ready to explode this season!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Guys, I would like to share my thoughts regarding the DOGE coin!
On the chart I compared two accumulation zones, the zone that was in 2019-2021 and the zone that we see now, FOMO is already on its way, right?))
If you look at the accumulation zone that is located below, you can see traces of MM (Possibly Elon Musk) who for two years bought back coins a little at a time, while others could not stand it and simply left with HODL.
Now it seems to me that the same thing is happening, the coin has been in accumulation for 503 days and here, like in many alts, they simply force those who bought at the high to dump coins and wait for a rebound... My thoughts are that when strong euphoria sets in, meme tokens will not stand aside and we will see strong candles DOGE/FLOKI/SHIBA and even possibly PEPE)
In the meantime, I keep this coin for 4% of the deposit at a price of $0.08970 and perhaps I will average in the current zone)
DOGE/USDTime to DCA Doge...
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
SPOT THE DIFFERENCE: Real vs RUG📈📉Hi Traders, Investors and Speculators of Charts📈📉
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves.
With crypto scams rampant, it's easy to get mixed up in a scam coin whose ultimate goal is a liquidity drain (slow, stair-step bleed down). Here's my top advice to avoid diversifying into bad projects / scams:
- Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper, twitter account and website. You want to see the background, goals, strategy and timeline for implementation for any blockchain-related project. This can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may que that they lack a professional and qualified team and the website was built by someone's cousin's brother.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept.
- Note the name. I can't stress this enough. Baby Doge, Baby Shib, pizza coin, bulldog etc... These are all coins that are obviously meme coins and you can almost expect to be rugged if you buy into a coin with a weird or funny name.
Final Rule of thumb : Always be CAUTIOUS when investing in projects that have retraced more than 90% from its ATH.
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BINANCE:DOGEUSDT BINANCE:DOGEUSD BYBIT:BABYDOGEUSDT MEXC:BABYDOGEUSDT
DOGEUSDT at monthly support, likely to bounce upThe price has hit the monthly support MS1 again. It has done that several time in the past and this support has held the price since the drop started after hitting all time high in 2021. Everytime, the price has bounced from this support before the next visit of this support. The price is again at the same juncture and it is likely that the price bounces from this support again. The price may dip a bit further into this monthly support zone but eventually it shall reverse sooner or later from this zone. Therefore, a long from this zone is favorable. In case if the unlikely event of losing this monthly support happens, then it is likely that the price will visit weekly support around 0.009.
Treading the Bull-Bear TightropeAs of October 10, 2023, Dogecoin (DOGE) is priced at $0.05891, marking a minor pullback from its earlier attempts to breach the resistance level of $0.06459, and the month kicked off with DOGE breaking free from a descending triangle pattern, supported by an ascending trendline, sparking hopes for an uptrend. However, the failure to surpass the resistance quelled the bullish enthusiasm, dragging the price below the $0.06 threshold.
Analysis:
The technical indicators for DOGE earlier this month showed promising signs, with the Relative Strength Index (RSI) testing the overbought zone, indicating a solid buying and selling power. However, the inability to clear the near-term resistance suggests a lack of buying pressure at higher price levels. The Moving Average Convergence Divergence (MACD) painted a green histogram, signaling positive price action, but the recent price retraction calls for cautious optimism.
Recent News and Fundamentals:
Dogecoin's narrative this month also echoes the broader market dynamics. A recent downturn in the crypto market reflected a 2% price dip for DOGE alongside other assets like XRP and Solana.
Despite the uneventful trading pattern, machine learning algorithms project a modest price target of $0.060218 for DOGE by the end of October 2023.
The coin's position as the 10th largest cryptocurrency, boasting a market cap of over $8.6 billion, fuels speculative projections of a price surge to $0.098 by the year-end.
Most Probable Scenario:
The ongoing tussle between bullish and bearish forces is pivotal, with the $0.06459 resistance level acting as a significant barrier. Should bullish momentum regain traction, ascending past this resistance could set the stage for further upward movement toward the secondary and tertiary resistance levels. Conversely, a bearish dominance could prompt DOGE to retest the support at $0.05800, potentially delving lower if the broader market sentiment sustains a bearish tone. Amid the mixed market sentiment and recent fundamental developments, a keen eye on technical and fundamental indicators is imperative to navigate DOGE's unfolding narrative.
The key is whether it can rise above 0.06403Hello?
Hello traders!
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(DOGEUSDT chart)
(1M charts)
The key is whether it can receive support around 0.06135 and rise above the MS-Signal indicator.
If this is not the case and it falls, the HA-High indicator is expected to fall and be created.
At that time, it is necessary to check whether it is supported near the HA-High indicator.
(1W chart)
The key is whether it can rise above 0.08072.
To do so, it is necessary to check whether it is supported and rising around 0.05866-0.06807.
If it falls below 0.05866 and shows resistance, it is highly likely that it will lead to a further decline, so a countermeasure is needed.
(1D chart)
Although it is a section where the role of support and resistance cannot be said to be strong, the key is whether it can receive support and rise in the 0.06403-0.07746 section.
Accordingly, the key is whether it can rise above 0.06403.
If not, and it shows resistance around 0.06403, there is a possibility that it will fall to around 0.02826, so caution is needed.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Is Elon Musk still rooting for DOGE?Hi Traders, Investors and Speculators of Charts📈📉
Here's a quick plan for DOGE, short term!
Dedicated BUY zones, dedicated SELL zones.. BUT, let the trade come to YOU. In other words, wait patiently until the price reaches the pre-planned zone before jumping in.
There's been lots of chatter about X (formerly Twitter) potentially utilizing DOGE in the future. Elon Musk himself has pimped out Dogecoin multiple times. But so far, none of those talks have come to realize. So for now, let's trade DOGE on technical setups instead of future fundamental potential!
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BINANCE:DOGEUSDT
DOGE Dogecoin Price Target|Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for DOGE Dogecoin is $0.053, where it will form a Double Bottom.
Looking forward to read your opinion about it!
DOGE Dogecoin Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for DOGE Dogecoin is $0.053.
Looking forward to read your opinion about it.
Dogeusdt (doge)A good position to buy Dogecoin is the weekly triangle time frame. In the monthly period when the flag is formed. And we have reached the ultimate limit of Dogecoin compression. The probability of a very strong jump that is 70% likely to be an upward jump. This upward jump could take Dogecoin to one dollar. If the price closes below $0.05, this scenario will be incomplete and the same strength will be reversed. I give 30% chance that it will be bearish.
🚨 DOGE 🚨 24H Upside Potential 🌞; 1-Week Horizon ☁️Mixed trading conditions ahead over the next 24 hours on the global crypto market. Slightly bullish sun 🌞 to shine over Dogecoin, Bitcoin, and Cardano while Ether and XRP face rainy downside risk. 🌧️
Over a one-week horizon, cloudy ☁️ or rainy 🌧️ bearish trading conditions are likely to prevail according to ATTMO, indicating a slightly bearish market with downside risk. Chainlink bucks the trend, with a sunny bullish mood ahead 🌞.
Follow us for more crypto weather reports!
DANGER for #DOGE2 pennies is definitely on the the cards as potential target ...
The bigger question COULD
#DOGECOIN collapse to levels WELL BELOW a PENNY
Log scale Head and Shoulders target 1/3rd of a penny
taking it back to price levels and congestion zone of the previous bear market
THIS could potentially be life changing opportunity if you could fill your doggy bags down there.