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DOGEUSD trade ideas

Bullish Dogecoin Analysis and Trade StrategyBoth Macro PVVM and Micro PVVM are increasing on BINANCE:DOGEUSDT , suggesting that the trend and movement are bullish. On July 23, 2023, the Macro PVVM and Micro PVVM were at 77.94 and 63.76, respectively, indicating a solid bullish momentum in both long-term trend and short-term movement. Key Takeaways: The market has shown strong bullish momentum recently, with both the Macro and Micro PVVM in positive territory and rising. The closing price has also been increasing, aligning with the bullish momentum indicated by the PVVM indicators. The Macro PVVM shows a strong long-term bullish trend, while the Micro PVVM indicates a bullish short-term movement. Trade Idea: Given the strong bullish signals from both the Macro and Micro PVVM, coupled with rising closing prices, a long position could be considered. However, traders should watch for any signs of weakening in the PVVM indicators, which could signal a potential reversal. Price Prediction for the Next 7 Days: Given the current bullish momentum, it's reasonable to expect that the bullish trend may continue in the short term, barring any significant market disruptions.
CRYPTO:DOGEUSDLong
by SwingSwiss
1
Dogecoin at strong Floor Bullish Volume increasingLong Term sideways short term Bullish Doge is at strong 3xtimes robust support area STRATEGY COUNTER TRADE Bullish Stop area below 2nd support Profit Target §x tested Resistance which is long term POC Look at the Chart The proior Bullish trend broken because many took profits The price of Dogecoin (DOGE) has dropped by 1.5% in the past 24 hours, with its slip to $0.070790 canceling out a brief return to a $10 billion market cap earlier this morning.
CAPITALCOM:DOGEUSDLong
by DaveBrascoFX
4
DOGE - THE BOTTOM INDICATOR FOR CRYPTO?The "DOGE/USD" is since May - 2021 in a downward trend, and it is obvious that we can expect a trend reversal if necessary. > The meme coin "DOGE", has among other things by "Elon Musk", a large degree of awareness and will be known to most "RETAIL" investors. > Regardless of the media notoriety and the wildest stories of "new" millionaires, this "crypto coin" brings an incredible opportunity. = I'll let you know what this opportunity looks like and the price increase it could bring in the following lines. table of contents - 1st part = WHAT MAKES DOGE COIN SO VALUABLE? - 2nd part = TECHNICAL ANALYSIS - 3rd part = CONCLUSION PART ONE "WHAT MAKES THE "DOGE" COIN SO VALUABLE?" Due to the promotion of Elon Musk and other media relevant people, most people should know about this coin. > Everyone associates this cryptocurrency with "opportunity" - for quick money and possible wealth. And exactly these last two points target the "standard" - retail investor: "FAST MONEY" + "POSSIBLE WEALTH" . The Standard Retail Investor serves us as a "SENTIMENT-INDICATOR", with which we can better assess the current market situation with a closer look at the past. For this, I compared the past of the "DOGE" Coin with the "BTC" to come across the following result. = THE "DOGE" COIN BALANCED WITH THE "BTC" (in the last two "major" movements). = THE "DOGE" COIN BOTTOM. And by simultaneously, I mean - ONE AND THE SAME DAY -. = 09/15/2017 (bottom for BTC+DOGE). = 03/13/2020 (bottom for BTC+DOGE). SECOND PART TECHNICAL ANALYSIS As soon as you look at the "DOGE" Coin in the weekly / monthly chart, you immediately notice the "Falling Wedges" . > THE TERMINATION OF THESE "FALLING WEDGES" SIGNALED THE LOCAL BOTTOM IN "BTC" AND "DOGE" SINCE 2017. Additionally, we are in an upward channel, which has been - respected since 2014 . > In the beginning / middle of 2021 - we broke out of this "temporarily". > Since the beginning of 2022, we are on the way to the "trend channel center line" and could reach it shortly. > The "trend channel center line" represented a "point of interest" in the past, which means that a final bottom is not that unlikely. > The current "falling wedge" converges with the "middle line", which provides further support. Looking at the MACD in the daily chart, a divergence formed since September this year. > This would even support a bullish thesis, before the point of contact of the "middle line" and the "falling wedge", however, such a divergence cannot yet be found on the higher time levels. THIRD PART CONCLUSION "The past repeats itself, however it does not have to." With the current "macroeconomic" environment, at best, one can make guesses as to how the markets will behave in the coming weeks / months. > Nevertheless, keep in mind the repeating pattern. What would again support the thesis of a near "local bottom" are the emerging rumors of large accumulations (hedge funds / sovereigns) . The existing fear in the markets is the best time to set up for the long term, for people with good "risk management" and no false expectations of quick (=1-year) riches (=10-years). > Let's feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
BINANCE:DOGEUSDLong
by ZielIstDieAutarkie
8
Ripple: Why the Price Will Rise in the Next YearsCryptocurrencies have taken the financial world by storm in recent years, and Ripple (XRP) is one digital currency that has garnered significant attention. In this blog, we will explore some reasons why the price of Ripple could potentially rise in the next five years. 1. Increasing adoption by financial institutions: Ripple has formed partnerships with numerous major financial institutions worldwide, including banks and payment providers. These institutions utilize the RippleNet network and Ripple's technology to facilitate fast, efficient, and cost-effective cross-border payments. As the adoption of Ripple by financial institutions continues to grow, it can positively impact the demand for XRP and ultimately drive its price. 2. Potential for broader applications: While Ripple primarily focuses on cross-border payments, it also has the potential for other applications within the financial sector. Ripple's technology, for instance, can be used to make payments more efficient in other sectors such as the insurance industry or real estate market. If Ripple can expand its presence in these areas, it could have a positive effect on the value of XRP. 3. Increased liquidity and stability: One of the challenges cryptocurrencies face is price volatility. However, Ripple has taken several initiatives to increase the liquidity and stability of XRP. One example is the escrow system, where a predetermined amount of XRP coins are placed in escrow and released periodically. This can enhance confidence in XRP and promote price stability, making it more attractive to potential investors. 4. Regulatory progress: Regulation of cryptocurrencies is a significant focus for broader adoption. Ripple has actively collaborated with regulatory authorities and committed to transparency and compliance. As the regulatory environment surrounding cryptocurrencies evolves and provides clarity, it can create a favorable climate for Ripple and contribute to positive prospects for XRP. Conclusion: While predicting the price of any cryptocurrency carries uncertainties, there are several positive factors that could drive the price of Ripple upward in the next five years. Increasing adoption by financial institutions, potential for broader applications, increased liquidity and stability, as well as positive strides in regulation, are all factors that can elevate the demand for and value of XRP. However, it is essential to conduct thorough research and consider the inherent risks of investing in cryptocurrencies before making any decisions.
BITTREX:DOGEUSDLong
by Sharona_vf
DOGETime to shift your goal posts anon. With the Not A Security ruling today for XRP, market participants are extrapolating that other coins like DOGE are not securities either, which is adding fuel to the fire of the short squeezes already under way. This may be the inflection point we have been waiting for. If can continue closing above its Yearly Open then first quarter retracement of the whole move (.092) is within reason. Notice how mid of range from lows to first quarter retracement is at same approximate price as Yearly Open.
KRAKEN:DOGEUSDLong
by jhonnybrah