Led by BTC, Ethereum appears to follow a 456/7 day cycle. This aspect is a further confirmation of the further descent that awaits us. It could be completed in early September when everyone returns from vacation and the cycle ends. Until then, the price could reach the price range that goes from 1000 $ to 750 $ but also reaches 500 $ considering that, although...
I think that following major supports, channels, and temp trends BTC can easily reach 18k looking for the 50 SMA. Obviously, I'm not an expert trader and forget about what I just said. I'm here for your opinions.
It seems clear Doge is following a couple of trends. In the 1st case, the most bullish one will touch again around 0.24 and then go up. About the 2nd scenario, it will probably reach 0.16 or a lower point like 0.08. Let's see. I'm not a professional trader guys, so consider my idea but act with your mind.
ENTRY: $ 80 - 90 TP: $ 145 - 155 Don't forget : Past performance does not always guarantee future performance, and this content does not constitute a recommendation. Use this trading strategy at your own risk.
I'm playing with the available solutions, simplifying them thanks to the help of Fibonacci and trendlines . Please don't take it too seriously.
We should wait for the 2nd Sign Of Strength. If it goes over 0.60 and its strength is in line with the expectations, we can probably have the opportunity to buy a bit more on JTC ≈ 0.60. Don't forget : Past performance does not guarantee future performance, and this content does not constitute a recommendation. You use this trading strategy at your own risk. Thanks :)
Considering that, with Doge, I need to feel bullish, I'm trying to check if different visions are aligned to my feeling. The current one is based on Wyckoff Method. Ideally we are in an accumulation period at the end of the Phase A. I tried to imagine how can be the evolution of the next phases. Read More about Wyckoff Method : The Wyckoff Method: A Tutorial
It seems that Dogecoin is losing its power and needs a healthy correction. Doge appears to follow that channel, and without this correction (to 0.40 ≈ 0.45), it probably cannot reach 1$. Don't forget: I'm not a professional trader and this is just my opinion.
Just kidding, but this is the prediction I'd like to see. What do you think will happen? Let me know ;) Don't forget: I'm not a professional trader and this is just an hobby for me.
It seems to follow those channels. Don't forget: I'm not a professional trader and this is just my opinion.