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To the MARS by Elon - Channels working wellHi guys, Honestly , Even many analyis were saying DogeCoin will go up until 0.7 last week. But Let's accept that we all though it was going to moon to 1 dollar range with Elon SNL show. After the show , Unfortunately, DogeCoin literally crashed .Now , it is consolidating price to charge some power. When we look the bigger picture. We saw last months , Doge made a nice channel and moves in the channel for a while. I draw the channel and as channel broken level I added another channel top of old channel as long as old one.It was pointing 0.74 exactly for target. Last week Doge coin literally touched 0.74 and come back to 0.4-0.50s. Now As we see in the graph , There is high posibility that history will repeat itself and we will experience another channel break to up. For that channel break , we draw another channel top of current channel and It is pointing 1.04 dollars. As we see in also RSI , movement looks exactly identical as last month drop and rocket. I hope that history will repeat itself and DogeCoin will rocket again. Honestly , I saw many bad analysis on DogeCoin or some gurus saying that it will crash to cent again. or it will keep going down. For my opinion, This all analysis and bets on DogeCoin for short is total Bulls***t. It was a big moment what happened in SNL. DogeCoin literally showed all market that it can control and dominate all the coins in the market. We never see this movement before in any coin other than BTC. Last Saturday , Even DogeCoin crashed , It proved that It has a power to dominate and control the market. It is huge. Also after the show , Elon is keep pushing and take even more responsibility by tweeting and supporting DogeCoin. We should all have think a second and accept DogeCoin is out of meme , out of joke from now on. It has a power and It showed whole traders how it can get powerful is. Sorry for this long Anaylsis on Doge. I just felt like to say all my opinions for that traders waiting hopeless after the crash. I hope we will see the Moon as Elon Musk said :) Not a financial Advise. Lets watch guys!
Long
by BeastofWallStreet
2
DOGE on threshold for 48% rally amid Elon Musk aggressive pump Dogecoin breaks above a symmetrical triangle pattern and readies for liftoff to $0.4. Elon Musk becomes the official “Dogefather” ahead of the Saturday Night show. The immediate support at $0.30 should be defended; otherwise, a correction may occur toward $0.15. Dogecoin led the price action in the cryptocurrency market on Wednesday, breaking away from the slugging crypto assets. The majestic price action happened in the wake of a tweet sent by Elon Musk, the founder of Tesla. DOGE spiked by more than 20%, hitting $0.35 for the first time in more than a week. Musk said that he would be the “Dogefather” as he hosts the Saturday Night Show. The billionaire has an undying love for the meme coin, which has rallied extensively since the beginning of the year. Besides, it has become common to expect a tweet regarding Dogecoin from Musk, who once said that he would put a literal Doge on the moon. Dogecoin sets out for the technical breakout At the time of writing, Dogecoin trades at $0.32 while bulls look forward to levels above $0.35 and $0.4, respectively. Besides Musk’s pumping, Dogecoin also broke out of a symmetrical triangle, as illustrated on the four-hour chart. This pattern has both bullish and bearish biases. However, when the price slice through the upper trendline, just like Dogecoin, a breakout is anticipated. A spike in trading volume confirms the breakout, which has a precise target, measured from the highest to the lowest points. It is worth noting that the Moving Average Convergence Divergence (MACD) affirms the uptrend. As the indicator crossed into the positive region, it became apparent that buyers had taken control. In addition, the MACD line holds above the signal line, thus cementing the bulls’ influence. Dogecoin intraday levels Spot rate: $0.32 Trend: Sideways Volatility: Low Support: $0.3, the 50 SMA, and $0.25 Resistance: $0.35 and $0.4
BINANCE:DOGEUSDLong
by CoinGape
Dogecoin analysis Quick analysis on Dogecoin using both wave theory, Fibonacci analysis, pattern analysis & volume/price analysis : Wave theory Analysis: 1) Dogecoin had a nice IMPULSE run-up from Apr 12th to Apr 16th going from $0.07 to $0.44 as shown in my 5 point wave in the diagram above 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the correction is a FLAT correction look at my wave A-B-C touching the support & resistance lines at $0.42 and $0.25 respectively 4) I believe the corrective wave C is going to come down to $0.25 before the support is tested again to see if it moves up in the next impulse leg up or go down - so watch out for this support line at $0.25 Fibonacci analysis : 1) The impulse leg went up from Apr 12th to Apr 16th going from $0.07 to $0.44 2) The FIB 50% retracement is exactly at $0.25 3) Once the FIB 50% retracement is tested we can determine if the market moves up or down upon confirmation Pattern Analysis: 1) This fits into a nice classic Double tops, Adam & Eve pattern 2) The Eve side of the wave is going to go down to the support line $0.25 and if the support doesn't hold it might go down Volume-Price Analysis: 1) This is a classic Volume Price Analysis, the market had a nice accumulation phase from Jan 28th - Apr 10th 2) During the accumulation phase the price went from $0.006 to $0.07 and remained at that level for about 3 months 3) Then came the public participation phase where the market moved up from Apr 12th to Apr 16th raising the price from $0.07 to $0.44 4) After the public participation phase comes the distribution phase where the sellers clear some of the volumes and take profits 5) In the distribution phase the prices for support & resistance are at $0.25 to $0.44 6) The support price $0.25 is tested at the end of the distribution phase to see if that support holds to go for the next run-up or if the market is marked down Summary : ------------- 1) Looks like the bears are still in control 2) The support line $0.25 needs to be tested one more time and see which way the market is going to trend Happy trading, feedback is always appreciated
BITTREX:DOGEUSDShort
by JAN360
4
Dogecoin $DOGEUSD PT .58 next...Dogecoin is mooning, and we're listening for the popping sound With dogecoin back in the news, the bubble pop can't be far behind. The cryptocurrency, which was explicitly created as a parody of crypto in 2013, is on an epic run. As of Saturday, a single dogecoin was worth approximately $0.30 according to CoinMarketCap. That's up from $0.004 at the beginning of the year. The meme-themed cryptocurrency last made waves in Dec. 2017 just ahead of the Jan. 2018 height of the previous crypto bubble. At the time, articles like "Everyone Is Getting Hilariously Rich and You're Not" seemed the perfect punctuation to a speculative run that for many ended in financial ruin. Of course, 2021 is not 2018, and the cryptocurrency market is in a different place now than it was back then. The current astronomical price of bitcoin aside, a shift away from scam-laden ICOs to the Coinbase listing on Nasdaq suggests this time crypto's financial dominance may be here to stay. Or maybe not. Appropriately, dogecoin has been aggressively memed to prominence over the last few months by the likes of none other than Elon Musk. Which, honestly, might be seen as a leading indicator — just not the kind that's good for the future of dogecoin hodlers. Bubble or no, with a market cap of around $40 billion dogecoin is clearly having a moment.
BINANCE:DOGEUSD
by UnknownUnicorn19246015
1