The DOGE coin will be ready to explode this season!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Guys, I would like to share my thoughts regarding the DOGE coin!
On the chart I compared two accumulation zones, the zone that was in 2019-2021 and the zone that we see now, FOMO is already on its way, right?))
If you look at the accumulation zone that is located below, you can see traces of MM (Possibly Elon Musk) who for two years bought back coins a little at a time, while others could not stand it and simply left with HODL.
Now it seems to me that the same thing is happening, the coin has been in accumulation for 503 days and here, like in many alts, they simply force those who bought at the high to dump coins and wait for a rebound... My thoughts are that when strong euphoria sets in, meme tokens will not stand aside and we will see strong candles DOGE/FLOKI/SHIBA and even possibly PEPE)
In the meantime, I keep this coin for 4% of the deposit at a price of $0.08970 and perhaps I will average in the current zone)
Doge
Bitcoin - is the buyer's strength running out?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, so far you can tell by the arrow that yesterday’s bullish triangle worked 100%, but I did not hedge the SHORT position, since the entry point is close.
Locally, we again saw a run above $30,000, which was very good; perhaps those who were trying to quickly go short and place their stops just above $30K were not happy with the result, shaved off...
At the moment, technical: there are several important zones from which the price can rebound again and again: the support zone of $28,770-28,350 and $27,850.
But for me personally, since I hold a short position, the “trigger” will be to see the consolidation in the current range, then I will think differently guys, but now we can say that I’m just watching the chart with a cup of tea in my hands :)
Bitcoin is drawing a bearish pattern! What will happen next?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, another BTC chart only with the “Rising Wedge” pattern, it may not look so sexy, but there are clearly boundaries here and it can work out for a correction.
No, don’t think that now if I’m holding shorts, then I’m providing you with options that suit only me, no, that’s not true at all. Look at yesterday's BTC chart in my forecast, there I threw a chart with bullish signs and by the way they worked out well :)
Guys, the arrows on the chart are just my sketches, don’t take them to heart, because the price could go in a completely different scenario)
SYS - bullish engulfing of past shadow ahead!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I found an interesting coin with increased volatility, priority on bullish absorption of the shadow, which is highlighted in red, you can try it with current values.
Plan for the deal
Input - 0.082/0.0810
Cancellation of the plan - going below 0 Fibonacci level (0.0777-0.0775)
Take - 0.0865, you can fix half and it is advisable to place a stop in a used one.
Guys, special attention! Don’t try to play with your shoulders, the coins are highly volatile, this can be seen from the chart, be careful)
Bitcoin - Get Ready for Another Movement!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, just like you, I was not prepared for such a development of events, although before that I wrote that volatility should be expected from all this news related to BTCETF... Well, they will give us fake information and take it so far, I honestly did not expect this see).
But there is also a downside to all this shit, I averaged out my short position and now it has become more comfortable to expect a correction, for now I am without a stop, and yes, with my risk management I can afford to do this at a distance)
Technical: after the takeout, the classic price is now forming a triangle; if you look at the junior TFs, you can say that this is a bullish sign, and in theory, all this consolidation in the range of $28,000-28,500 can lead to another run to $30K. But I am still inclined that the correction is already close and all this news related to BTCETF (locally) is to confuse people that there will be a correction at all. I wrote about this earlier). Please note that the graph is just a sketch
Globally, of course, if ETFs do approve, this news will of course be a strong positive on the market, I don’t argue with the guys, but for now this is just an excuse to attract our attention and drive us into courage) But we’ve already been through this and we know how behave in such situations
SUNUSDT|Get a long position!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
The coin, after leaving the local downward channel, lingered in the bullish range, from where you can try to take a few percent, 1-2% of the deposit with a leverage of 2-3X.
Deal plan:
Entry - 0.00562/0.00555$
Stop - $0.005335
Take - 0.00586, fix 50-70% of the position, stop in used.
Guys, I described risk management and money management for you, you don’t need to fly headlong and take a large leverage and enter completely on deposit.
DOGE/USDTime to DCA Doge...
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
STRAXUSDT|Trying to buy back the fallHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
After a strong strait, you can try to enter Long with a small volume! 1-2% of the deposit with a leverage of 2-3X.
Deal plan:
Entrance - 0.908/888$
Stop - $827, taking into account the good there will be less stop!
Take - 0.987, fix 50% of the position, stop in used!
Guys, the coin is extremely volatile, be careful and follow your risk management!
PERLUSDT|Potential countertrend retest!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
If we consider a futures position, then we can try with a little good below. 1-3% of the deposit with a leverage of 3-5X.
Deal plan:
Entry - 0.1888/0.1820$
Stop - $0.1723
Take - 0.1990, remove 50% of profit, stop in used.
You can also consider a coin on spot, if you look at the 2D chart, you can see a counter-trend line from the maximum value of the coin to the current price, perhaps the price will soon retest this counter-trend line, +30% without leverage.
DEGOUSDT| Long position from the level!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
You can try to take a small Long on DEGO with a short stop loss, and the deal is allocated no more than 2-3% of the deposit with a leverage of 3-5X.
Deal plan:
Entrance - 1.332/1.325$
Stop - 1.3$
Take - 1.385, fix 50-60% of profit, transfer stop to used.
Guys, be careful, coins sometimes show increased volatility!
SPOT THE DIFFERENCE: Real vs RUG📈📉Hi Traders, Investors and Speculators of Charts📈📉
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves.
With crypto scams rampant, it's easy to get mixed up in a scam coin whose ultimate goal is a liquidity drain (slow, stair-step bleed down). Here's my top advice to avoid diversifying into bad projects / scams:
- Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper, twitter account and website. You want to see the background, goals, strategy and timeline for implementation for any blockchain-related project. This can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may que that they lack a professional and qualified team and the website was built by someone's cousin's brother.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept.
- Note the name. I can't stress this enough. Baby Doge, Baby Shib, pizza coin, bulldog etc... These are all coins that are obviously meme coins and you can almost expect to be rugged if you buy into a coin with a weird or funny name.
Final Rule of thumb : Always be CAUTIOUS when investing in projects that have retraced more than 90% from its ATH.
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CryptoCheck
BINANCE:DOGEUSDT BINANCE:DOGEUSD BYBIT:BABYDOGEUSDT MEXC:BABYDOGEUSDT
Analyst Expects Potential $1 Rally in Dogecoin If This Level BreCurrently trading at $0.05945, Dogecoin is nearing the top of its multi-year descending triangle formation. According to Martinez, a close of the weekly candlestick above $0.0835 could trigger the start of a new bull season for Dogecoin and potentially push its price to $1.
DOGE users should consider the $0.0482 support level. The analyst thinks that any signs of weakness at this level could lead to a new yearly low.
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.060, which it broke, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
DOGEUSDT at monthly support, likely to bounce upThe price has hit the monthly support MS1 again. It has done that several time in the past and this support has held the price since the drop started after hitting all time high in 2021. Everytime, the price has bounced from this support before the next visit of this support. The price is again at the same juncture and it is likely that the price bounces from this support again. The price may dip a bit further into this monthly support zone but eventually it shall reverse sooner or later from this zone. Therefore, a long from this zone is favorable. In case if the unlikely event of losing this monthly support happens, then it is likely that the price will visit weekly support around 0.009.
Bitcoin is just the beginning of a big correction?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Guys, a small update to my short position:
Bitcoin is slowly, tediously sliding down, but is confidently approaching the support level of $26,450, from where locally one can expect a buyer’s reaction in a short time (not financial advice in Long).
Locally, the support of $27,000-27,200 acted as good support and we are currently seeing a slight rebound from this zone, which may well return the price to the $27,500 zone.
When I took a short position with TVX $27,950, I immediately understood that the correction that they would show us would not be easy, like PUMP-DUMP! So if you are with me, just be patient and try to leave the order at the top of the cathedral position with a small % of the deposit)
Treading the Bull-Bear TightropeAs of October 10, 2023, Dogecoin (DOGE) is priced at $0.05891, marking a minor pullback from its earlier attempts to breach the resistance level of $0.06459, and the month kicked off with DOGE breaking free from a descending triangle pattern, supported by an ascending trendline, sparking hopes for an uptrend. However, the failure to surpass the resistance quelled the bullish enthusiasm, dragging the price below the $0.06 threshold.
Analysis:
The technical indicators for DOGE earlier this month showed promising signs, with the Relative Strength Index (RSI) testing the overbought zone, indicating a solid buying and selling power. However, the inability to clear the near-term resistance suggests a lack of buying pressure at higher price levels. The Moving Average Convergence Divergence (MACD) painted a green histogram, signaling positive price action, but the recent price retraction calls for cautious optimism.
Recent News and Fundamentals:
Dogecoin's narrative this month also echoes the broader market dynamics. A recent downturn in the crypto market reflected a 2% price dip for DOGE alongside other assets like XRP and Solana.
Despite the uneventful trading pattern, machine learning algorithms project a modest price target of $0.060218 for DOGE by the end of October 2023.
The coin's position as the 10th largest cryptocurrency, boasting a market cap of over $8.6 billion, fuels speculative projections of a price surge to $0.098 by the year-end.
Most Probable Scenario:
The ongoing tussle between bullish and bearish forces is pivotal, with the $0.06459 resistance level acting as a significant barrier. Should bullish momentum regain traction, ascending past this resistance could set the stage for further upward movement toward the secondary and tertiary resistance levels. Conversely, a bearish dominance could prompt DOGE to retest the support at $0.05800, potentially delving lower if the broader market sentiment sustains a bearish tone. Amid the mixed market sentiment and recent fundamental developments, a keen eye on technical and fundamental indicators is imperative to navigate DOGE's unfolding narrative.
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bearish breakout from Descending Triangle pattern, in the direction of existing downtrend opens up downside risk to $0.053 next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.060, which it broke, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
DOGE: Descending Triangle BreakoutDogeCoin (DOGE) technical analysis:
Trade setup : Bullish breakout from Descending Triangle pattern. Price is retesting that breakout level now and if successful, it could swing up to $0.07, which is also a 200-day moving average and thus stiff resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
The key is whether it can rise above 0.06403Hello?
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(DOGEUSDT chart)
(1M charts)
The key is whether it can receive support around 0.06135 and rise above the MS-Signal indicator.
If this is not the case and it falls, the HA-High indicator is expected to fall and be created.
At that time, it is necessary to check whether it is supported near the HA-High indicator.
(1W chart)
The key is whether it can rise above 0.08072.
To do so, it is necessary to check whether it is supported and rising around 0.05866-0.06807.
If it falls below 0.05866 and shows resistance, it is highly likely that it will lead to a further decline, so a countermeasure is needed.
(1D chart)
Although it is a section where the role of support and resistance cannot be said to be strong, the key is whether it can receive support and rise in the 0.06403-0.07746 section.
Accordingly, the key is whether it can rise above 0.06403.
If not, and it shows resistance around 0.06403, there is a possibility that it will fall to around 0.02826, so caution is needed.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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