Dodgecoin
Is it time to "Get out of Doge"?Although I don't often trade Crypto, a friend asked me what my take is on Dogecoin.
Since it's so new I'm not sure if these technicals are valid, but after some extremely overbought characteristics, it now looks like it's in a correction to me, and is trying to form a base around previous support levels.
If we see an impulse up it could be a good long entry I think.
Our Crypto Mentor Tennille will discuss further in the next Crypto market scan.
Cheers and trade safe
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
Dodgecoin on the moveThis is so hilarious, I bought some as a joke a while back and now it seems to have the attention of everyone.
In orange are some important levels to watch, I don’t think any form of analysis can really explain the movement behind this specific crypto currency other than its dodgecoin bro.
STILL CONSOLIDATING SIDEWAYS If you look at my chart you can see that we are moving sideways In between it’s support and resistance. Until a candle stick breaks the support I am still confident that we are headed up.
Yes we are due for some pull back because we hit a new high BUT if you look at the graph I believe we’re going up still... let’s be honest yes we are extremely high but again the amount of media attention Dodgecoin and Bitcoin are receiving is Insane! People are buying into this..... don’t be the one wishing you bought in at it’s low when it reaches a 3 cents 5 cents or maybe even a $1 if we’re lucky...
Leave your ideas below...
ONTOLOGY GAS/ TetherUS #ONGUSDT Break out Soon! #BTC #AltseasonSome promising gain potential here, still within the triangle so put entry on breakout confirmation, I would probably use a trailing stoploss on this to lock in the profits and hopefully reach all displayed targerts. Don't forget to add your stop losses - see red support lines for guidance. Good Luck! #BTC #crypto
TikTok Hype - Dogecoin EXPLOSION? Selling Points and Resistance DOGE COIN TikTok Hype EXPLOSION - Selling Points and Resistance Lines
TikTok, a popular app with over 2 billion young users is hyping up DOGE Coin and the videos are trending as of now. Their goal is to get Dogecoin BINANCE:DOGEBTC to $1.00.
As of July 8th 2020 at 12:01 AM, Dogecoin stands at 0.00417005 USD (4/1000th of a dollar) and has risen 118% in the last 1.5 days alone.
This will most likely follow the standard #impulsewave 12345-ABC structure.
BINANCE:DOGEUSD
This is going to result in a short term explosion and will most likeley crash back down to around 0.0024 USD, as good ole $DOGE always does.
No worries, hype trains are fun to ride, and TikTok is more powerful than any of us realize! We'll see if these kids can do the impossible (but is it impossible though?)
If Doge goes to $1, I'll have to buy the Dogecoin Lambo.
JOKES ASIDE ---
This exposure is great for the cryptocurrency Market and adoption as a whole. Millions of new users will be introduced to the world of investing and cryptocurrency.
DISCLAIMER
Please beware of hype trends like this. If you know how to invest and have knowledge and experience with impulse waves, go ahead.
However, I am no financial advisor. If you don't know what you're doing, I do not suggest investing/trading Doge. If you are experienced, invest at your own risk!
#tiktok #impulsewave #kids #2020 #investing #doge #dogecoin #shitcoin #DOGEUSD #hype #hypetrain