DOGECOIN 2024 — A Massive Breakout Coming?Hello, fellow traders! I'm excited to share an intriguing analysis with you today. Let's explore how Dogecoin DOGEUSD might be following in the footsteps of Stellar's XLMBTC remarkable 2017 bear market and 2018 bull run.
By comparing historical charts of Stellar with the current movements of Dogecoin, we could uncover patterns suggesting a significant breakout for DOGE this year and into the next. This insight might help you spot potential trading opportunities in the market.
Stellar's 2017 Journey
On the top chart, we have Stellar XLMBTC chart from 2017 and 2018:
All-Time High (ATH) of 2017: Stellar reached its ATH, followed by a period of declining lower highs during the summer months.
Accumulation Phase: Mid-autumn brought an accumulation zone, indicating consolidation before the next big move.
Wedge Pattern Formation: A wedge pattern emerged, leading to increased bullish momentum.
Breakout to New Highs: Post-wedge, Stellar entered a phase of higher highs, establishing a new ATH at the beginning of 2018.
Dogecoin's Current Path
Now, let's examine Dogecoin DOGEUSDT on the 3-day timeframe:
ATH in May 2021: DOGE hit its ATH and then began a decline into a lower highs zone.
Accumulation Zone Since Mid-2023: Like Stellar, DOGE was in an accumulation phase that lasted until 2024.
Wedge Pattern Development: In 2024, DOGE formed a wedge pattern, with the price currently residing within this formation.
Moving Averages Alignment: Interestingly, the moving averages on both charts behave almost identically, reinforcing the pattern similarity.
What This Could Mean
The parallels between DOGE and XLM suggest that Dogecoin might be bottoming out and could be on the verge of a significant breakout. While history doesn't always repeat itself, these patterns are worth paying attention to.
What are your thoughts on this comparison? Do you think Dogecoin is set to follow Stellar's past performance? Share your insights or any questions you have in the comments below — I’d love to hear your perspective!
Remember, the crypto market can be unpredictable. It's essential to protect your capital and manage risks appropriately. A fundamental risk management strategy is to use no more than 1% of your capital per trade.
If you found this analysis helpful, please like this post and follow me for more cryptocurrency insights. Stay tuned for more updates!
Memecoins
PEPE - Emerging from the ShadowsAfter the initial reaction at 0.00000650, I expect the price to move directly to the range high or at least reach 0.00000890. CRYPTOCAP:PEPE
Although the optimal entry point was at the wick retest, this scenario remains valid.
Keeping simple after the Monthly Reclaim...
Dogecoin (DOGE) - Will DOGE lovers finally be rewarded?Things have not been as exciting as most cryptocurrency enthusiasts would have thought, especially for CRYPTOCAP:DOGE . At just 3x from this year's low, it is to date one of the worst performing memes. Let's take a look at what Dogecoin might have in store.
Macro View.
Everything remains intact on the monthly and it just regained lost support on the weekly. Many probably missed the yearly opening retest at $0.09 hoping to get a perfect retest of that level, only to be left out!
Price trading above $0.12 over the next three weeks will present a change in trend and print a new bullish signal
Once it reaches $0.17, things will start to pick up momentum, as that would be the last level for the bears to defend before a nice push towards $0.33.
Actions to Take:
Bid at $0.12 for a turn towards $0.17.
Invalidation below a daily close of $0.114.
A rather slow trade, so be patient!
A Good Entry Point to Buy Milady Meme CoinHello everyone, I've been waiting for the market to get ready and a good entry point to appear, and as of August 27, 2024, that time has come.
Liquidity has been gathered, and the largest areas of trader stop losses have been liquidated on Bybit and BingX.
I believe the path for growth is now open.
I've bought in with funds I'm willing to lose.
If a rise occurs, I think the chart will look similar to what we saw with Turbo:
#ladys #ethereum #meme #memes #memecoin #nft #nftcollection
Charts:
TRUMP Coins : HIGH RISK !MEXC:BABYTRUMPUSDT MEXC:STRUMPUSDT BITMEX:BTRUMPT BITMART:TRUMPUSDT
Trump coins recently surged as Kamala Harris said she would appoint SEC Chair Gary Gensler as Treasury Secretary if she wins. To be perfectly clear, this post is NOT aimed at showing preference to either party - but rather taking a look at where trump-related altcoins could go next after the surge.
1) MAGAUSDT
📢Verdict - SHORT
👉Bearish M-Pattern after a 77% increase:
2) TRUMPUSDT
📢Verdict - UNDECISIVE
👉 Price playing sideways after a 62% increase:
3) BTRUMPTUSDT
📢Verdict - SHORT
👉 Price making lower highs and lower lowers after a 127% increase:
4) STRUMPUSDT
📢Verdict - SHORT
👉 Price in strong downtrend after a 64% increase:
5) BABYTRUMPUSDT
📢Verdict - SHORT
👉 Clear Top-Out, watch out for losing trendline:
Considering these are all MEME COINS - trade with extreme caution since they are very high risk trades.
_____________________________
WIF - Bulls need to STEP UP here!Probably the best possible setup that has been presented in the last few days. I was looking forward to this recovery and retesting $1.5.
As long as it stays above the level, things will be bright. Below and I should start to cut the trade.
Momentum should build above $1.63, but I decided to take the trade now as I have a clear invalidation zone in case it turns against me.
ADD DARK MAGA $DMAGA on to your WatchlistInteresting structure
and action on this S coin on #solana
Elon very briefly changed his X pfp to the dark maga colours
if thats all you need for a fundamental reason ... thta's a pretty good one
But on a technical level we have a higher low
let's see if it can break through that key level and form. large inverse head and shoulders
KENDU on ETH Support and ResistanceThis is the follow up from my recent post about KENDU on ethereum.
Resistance 1 : 0.0001
Resistance 2 : 0.00015
Resistance 3 : 0.0002 - ATH (+-0 0,00027)
---------------------------
Support 1 : 0.00006 - 0.0005
Support 2 : 0.000025 - 0.00002
Support 3 : 0.00001
For time being.. i keep an eye how the price action react when approaching the downtrend (yellow line) and the trendline since march 2024 (white line).
GL !
SSGA - MEXC X10 - X 1000 COINS PUMPSSGA is a great coin, that has the potential to give X10 up to X1000. It shows an increasing BUY Volume on the Daily and Weekly which is a momentarily Bullish Trend as from now. Note that Memecoins are mostly Pump & Dump. So always partially sell your coins as they surge up in prices.
Bonk Price Update: Technical Indicators and Key LevelsBINANCE:BONKUSDT has shown a mixed performance, with closing prices gradually decreasing from $0.00003103 to $0.00002888. The 9 EMA and 20 EMA have both been trending downward as well, indicating a bearish sentiment. The 9 EMA, currently at $0.00002983, is also below the 20 EMA, which stands at $0.00002999, reinforcing the bearish outlook. However, this downward trend appears to be losing momentum, suggesting potential stabilization or reversal.
For traders looking to identify critical levels, BONK has key resistance points at $0.00003047, $0.00003161, and $0.00003248. Should the Bonk price break through these levels, it could signal a bullish trend reversal. On the downside, support levels are found at $0.00002740, $0.00002691, and $0.00002604. A break below these levels could lead to further declines, making them crucial for setting stop-loss orders.
The MACD indicator shows a bearish trend, with the MACD line consistently below the signal line and the histogram in negative territory. This suggests a weakening momentum, with recent values indicating a potential shift in trend. The RSI, currently around 44.77, has moved from overbought to neutral territory, implying that selling pressure has eased and the market could be preparing for a consolidation phase.
Given the current market conditions, traders should be cautious with entry and exit points. For long positions, a potential entry point could be above the resistance level of $0.00003047, aiming for a breakout towards $0.00003161 or higher. Setting a stop-loss slightly below the support level of $0.00002740 can help manage risk. Conversely, for short positions, entering below $0.00002740 with targets near $0.00002691 and $0.00002604 could be viable. A stop-loss just above $0.00003047 would be prudent to protect against sudden bullish reversals.
BONK’s technical indicators suggest a cautious approach due to prevailing bearish signals tempered by potential stabilization. Traders should monitor key support and resistance levels closely while keeping an eye on the MACD and RSI for early signs of trend changes.
DOGECOIN #DOGE Still The ALTCOIN KING And can charge to $1And Can lead the way for the rest of the #ALTS.
We have had some nice action by the bulls Already on dode
But like much of the altcoins have been dragged back down
YET higher lows are in place
and we see some symmetry in the price action in a bowling out fashion
IT would not surprise me in the least if DOGE were to make a new ATH this cycle.
Which doesn't sound like much of a feat ... but as any seasoned crypto speculator knows
nearly ALL altcoins essentially dies and fade away.
So making new highs every cycle puts DOGE in a elite club of coins.
Dogecoin Price Prediction: Support, Resistance, and Trading TipsBINANCE:DOGEUSDT has shown a slight upward trend, with the latest close at $0.13694. The 9 EMA is currently at $0.13554, slightly above the 20 EMA, which stands at $0.13173. This alignment indicates a short-term bullish trend, as the shorter EMA is above the longer EMA, suggesting positive momentum.
The MACD indicator, a crucial momentum indicator, reveals a bullish sentiment as well. The MACD line is above the signal line, and the histogram is positive, albeit with some diminishing values. The latest MACD reading is 0.00427 with a signal at 0.00373, and a histogram of 0.00055. Although the histogram is shrinking, indicating a potential slowdown in bullish momentum, the overall position of the MACD remains positive.
The Relative Strength Index (RSI) provides additional context, currently showing a value of 63.96. This positions DOGE slightly below the overbought threshold of 70, indicating that while there has been significant buying pressure, it is not yet at a critical overbought level. Previous RSI values were higher, suggesting that the buying momentum has cooled off slightly.
Meanwhile, the immediate resistance is found at $0.13713, followed by more significant levels at $0.14474 and $0.14776. These levels are crucial for any upward movement, and breaking through them could indicate further bullish trends.
On the downside, support levels are seen at $0.1368, $0.13533, and $0.13355. These levels are critical in preventing any significant downturns. If the price breaks below these supports, it may signal a bearish reversal or a period of consolidation.
Potential Trade Ideas
Given the current technical landscape, traders might consider different strategies for long and short positions. For long trades, a potential entry point could be near the support level at $0.1368, with an exit around the first resistance level at $0.13713 or higher at $0.14474. This strategy takes advantage of the current bullish indicators and potential upward momentum.
For short trades, entering around the resistance at $0.13713 with a target near the support at $0.13533 could be a prudent strategy, especially if bearish signals start to emerge. Monitoring the MACD and RSI for any signs of bearish crossover or overbought conditions will be crucial in timing these trades.
In summary, DOGE exhibits a short-term bullish trend, supported by positive EMA and MACD readings. Key support and resistance levels will play a significant role in determining the next price movements. Traders should remain vigilant and consider both bullish and bearish scenarios in their strategies.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
IS $DOGE ABOUT TO DO THE UNTHINKABLE?Last bull run CRYPTOCAP:DOGE did a 280x from the start of the 5 wave move to the upside to its ATH of $0.73. This move took about 182 days. At its previous ATH, the MC did a 44x from the 2018 peak of GETTEX:2BN to ~$88bn. Based on this upward sloping trendline, CRYPTOCAP:DOGE is primed to hit $7.5, and if history repeats itself, this should happen by end of this year. This would also bring CRYPTOCAP:DOGE MC to almost $1.1trillion, which is about a 12.5x from previous ATH, which is not even up to 1/3 of what it did last bull run. This looks crazy but it's just what the chart shows.
Altcoins Warming Up! Here Are Some Picks.Traders,
We knew it was coming. We knew alts were nearing their bottom and would heat up soon. We knew we would start to make and take massive profits like we did on one of our trade exits today (+64%). WE DID NOT KNOW THAT AN ASSASSINATION ATTEMPT ON FORMER PRESIDENT TRUMP WOULD START IT ALL. But this appears to be exactly what happened because prior to the attempt the former president had been vocalizing full support of Bitcoin and crypto. The big dawg (BTC) has led the pack strongly and I believe we are just beginning to see the start of our second leg up in the altcoin space.
In tonight’s video, I am going to cover the current hottest alt and meme coins in the list that I track. We’ll do some quick technical analysis and I’ll give you some possible entry points and strategies as well as some final targets for swing trades.
Paid subs, know that in the future I will probably be picking up one or two of these coins. Also, should my proprietary indicator continue its current success rate, I may share a special post about what this is and how I utilize it. Be on the lookout for these future posts and more. Enjoy this week’s video on a few of the hottest altcoins for this mid-July.
This MEME Coin Is Setting Up For A LARGE Breakout
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here 1000SATS has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen 1000SATS can start its move higher . This needs to be watched carefully on a new 2 week candle.
1000SATS can get very bullish with the ETH ETF launch so we need to watch carefully
Please watch the video for more information
MOG almost giving a nice short entry trigger.- Price took out previous highs and is currently reversing.
- I am waiting for a close below the keylevel I have marked to confirm a structure break to the downside.
- Next I am planning to enter in the FVG that will be created with the structure break
- The previous swing low is the traget with the resting sellside liquidity
PeiPei(ETH) Can go Up at least +30%Today I want to analyze Memecoin for you, which looks very similar to BINANCE:PEPEUSDT Pepe's Memecoin , with the difference that it has a hat and is red in color. The name of this meme is GATEIO:PEIPEIUSDT PeiPei(ETH).
Looking at PeiPei(ETH)'s website , we realize that the website is really weak and has NO whitepaper like many memecoins. The number of PeiPei(ETH)'s followers on social media is very low .
According to the above explanation, please don't take too much risk and follow the capital management, and it doesn't seem that PeiPei(ETH) can be profitable in the long term, but we can get at least +30% profit from this token according to the analysis below .
PeiPei(ETH) has successfully broken the Resistance zone and is currently completing the pullback .
According to Elliott's wave theory , PeiPei(ETH) seems to be completing wave 4 .
I expect PeiPei(ETH) to rise(+30%) to the Potential Reversal Zone(PRZ) after the completion of wave 4 .
Note: If the PeiPei(ETH) forms a 4-hour candle below the resistance zone, the scenario will change and the probability of the PeiPei(ETH) falling is very high.
Note: An important point you should always remember is capital management and lack of greed.
PeiPei(ETH) Analyze (PEIPEIUSDT), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
PEPE Price Alert: Key Support and Resistance Levels to Watch!Closing prices for BINANCE:PEPEUSDT have shown a gradual upward trend, with the latest price at $0.00000923. This slight upward momentum is reflected in the exponential moving averages (EMA), where the 9 EMA has consistently stayed just below the 20 EMA, suggesting a mild bullish inclination.
The MACD (Moving Average Convergence Divergence) indicator, though slightly negative, shows a narrowing histogram. This indicates a potential shift towards bullish momentum as the MACD line approaches the signal line from below.
Meanwhile, the RSI (Relative Strength Index) has been oscillating around the neutral 50 mark, currently standing at 50.62, which does not indicate an overbought or oversold condition. This neutral RSI suggests that the market could swing in either direction based on upcoming price actions.
The first significant resistance level is at $0.00000956. If the price breaks above this level, it could signal the start of a stronger bullish trend. Beyond this, the next resistance is found at $0.00000977, which serves as a secondary barrier, and surpassing this point could further validate the bullish momentum. The most critical resistance level stands at $0.00001079, indicating a substantial upward potential if the price can overcome this hurdle.
On the downside, PEPE has notable support levels that provide a cushion against bearish movements. The nearest support level is $0.00000906, which is crucial for maintaining the current price structure. A break below this level might indicate a shift towards a bearish scenario. Another layer of support exists at $0.00000902, reinforcing the importance of the $0.00000906 mark. The most significant support level lies at $0.00000855, where a breach could signal a strong bearish potential, making it a critical level to watch for traders.
Overall, current technical indicators present a mixed but slightly bullish outlook for the PEPE price. The 9 EMA crossing above the 20 EMA would solidify a bullish trend, but caution is warranted as the MACD remains slightly negative. However, the narrowing MACD histogram hints at a potential bullish crossover soon.
For traders considering long positions, entering near the support level of $0.00000906 with a target at the first resistance level of $0.00000956 could be a prudent strategy. If the price breaks above this resistance, holding the position towards the next resistance at $0.00000977 would be advisable.
For short traders, a position taken near the resistance level of $0.00000956 with a target at the nearest support level of $0.00000906 could be strategic. Should the price break below this support, the next target would be the $0.00000902 level, and potentially $0.00000855 for more aggressive traders.
In conclusion, the PEPE price shows potential for both bullish and bearish movements, with key support and resistance levels providing critical points for traders to watch. The slightly bullish signals from the EMAs and the narrowing MACD histogram suggest a cautious optimism for upward movement.