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ELONUSDT

Dogelon Mars (ELON)Dogelon Mars is another dog-themed meme coin on Ethereum and Polygon that followed other successful dog coins like Dogecoin, Shiba Inu, and Floki Inu. Anyway, Elon's chart is simple, a sharp upward wave started after Elon broke the triangle pattern in which it was oscillating. Then, the correction phase started which unfolded in a big inverted wedge pattern. Now it seems Elon started an upward wave to break this inverted wedge upward. Let's see what happens.
Long
by SaeedSalehinia
5
Elon to Mars or to drop dead?This weekly price action of Dogelon Mars (ELON) against Tether (USDT). Here's a detailed technical analysis based on my above chart: Descending Triangle Breakout (2022-2023) : The price formed a descending triangle, which is typically a bearish continuation pattern. However, in this case, it led to a breakout to the upside in early 2023. Ascending Channel (2023-2024) : Post-breakout, the price action has been following an ascending channel, with higher highs and higher lows. The channel is marked by two parallel trendlines indicating a gradual upward trend. Resistance Levels: 0.0000002383 USDT : This level acted as resistance multiple times. The price struggled to break above it in May 2023 and again in early 2024. 0.0000003992 USDT : This level marked a significant resistance point and a potential target for the next upward movement. 0.0000005180 USDT : This is the major resistance level to watch if the price breaks above the 0.0000003992 USDT resistance. Support Levels : 0.0000001745 USDT : This is the immediate support level. The price has tested this level multiple times, indicating its significance. 0.0000001244 USDT : This is a major support level and acts as the lower boundary of the ascending channel. The Stochastic RSI at the bottom of the chart is showing a crossover in the oversold region (below 20), indicating a potential bullish reversal. The blue line crossing above the orange line is a buy signal. Potential Bullish Scenario : - If the price respects the lower trendline of the ascending channel and the Stochastic RSI confirms a bullish crossover, there could be a rally towards the immediate resistance at 0.0000002383 USDT. - A successful breakout above 0.0000002383 USDT could lead the price to test the next resistance at 0.0000003992 USDT and possibly 0.0000005180 USDT. Bearish Scenario: - If the price fails to hold the support at 0.0000001745 USDT, a breakdown could occur, potentially leading the price to retest the major support at 0.0000001244 USDT. - A breakdown below 0.0000001244 USDT would invalidate the ascending channel pattern and could lead to further downside.
Long
by Z4F4R
DOGELON, Wait to trigger. ELONUSDT 🦊Hello my friends, Everything is explained on the chart for you like always. The price on the support base band but not good to buy for now, So wait for trigger and resistance break to lower risk. It is not a financial advice so be careful and have a stop limit and capital management. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me . Salam be doostan, hame chiz rooye chart baraye shoma moshakhas shode. gheymat az rooye base hemayati khodesh harkat karde va ehtemale pump ro dare ama alan khili motmen nist, pas baad az shekaste moghavemat risk maktari dare. mitoonid tooye watch lsitetoon negah darid. tosiye maali nist va lotfan modiriyat sarmaye va risk dashte bashid. moafagh bashid. like va follow faramoosh nashe :)
Long
by ArashBanakar
12
$ELONUSDT Super Duper Supernova! 💫💖🕊️ What Is Dogelon Mars (ELON)? Dogelon Mars is a dog-themed meme coin on Ethereum and Polygon. It follows the example of other successful dog coins like Dogecoin, Shiba Inu and Floki Inu. Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. It alludes to Mars, a spin on the famous moon meme, implying that Dogelon will experience a massive upward movement. Beyond its tongue-in-cheek name, Dogelon Mars has managed to build a significant community, with more than 300,000 Twitter followers and more than 84,000 followers on Telegram. Who Are the Founders of Dogelon Mars? Just like is the case for its more prominent and more established cousins, the founders of this particular dog coin are unknown. That is somewhat of a common occurrence for meme coins, and investors are well-advised due to due diligence with little-known coins to avoid falling victim to malicious practices like rug-pulls and exit scams. With that said, ELON has been on the market for several months, making the likelihood of the coin being a scam relatively small. What Makes Dogelon Mars Unique? Dogelon Mars uses a humorous comic story of Dogelon, the dog giving the coin its name, as a background for its coin. Dogelon “explores the greatest mysteries of the galaxy and seeks to recolonize the planet he once called home with the help of the friends he’s made during his travels through the stars.” Several short comics are published on the coin’s website that follow Dogelon on his adventures to Mars, where he meets friends and goes on adventures. Dogelon Mars does not have a roadmap per se, but instead developed a fantasy version through its comics. After the re-colonization of Mars in 2420, Dogelon will have to fight for survival against the annihilators. This fantasized version suggests that once the coin is listed on all major exchanges, the price of ELON will reach “Mars,” or, in other words, it will trade at a much higher valuation. However, “annihilators,” by which the volatility of the crypto markets could be meant, will be a problem the community will have to fight against. In practice, ELON is a meme coin without much utility beyond buying it and holding it in a wallet like Metamask. However, considering it has a potent combination of several very “memeable” attributes in its title (Elon Musk, Doge, Moon/Mars), Dogelon Mars could appreciate rapidly if the overall cryptocurrency market appreciates and the risk appetite for meme coins increases.
Long
by BADQOMOCAWGOWLD
2
elon targetcheck this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this
ELong
by Mahdiasadii
2