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Dogecoin Chart Pattern Suggests Volatility Explosion AheadDogecoin (DOGE), the meme cryptocurrency known for its wild price swings, has experienced an unusual period of calm this year, lagging behind the performance of Bitcoin (BTC) and Ethereum (ETH). However, a technical analysis with the Bollinger bandwidth indicator suggests that this tranquility may soon come to an end. Understanding Bollinger Bands: A Tool to Assess Dogecoin's Volatility The Bollinger bandwidth is a tool that illustrates periods of varying volatility relative to price movements. It is calculated by dividing the spread between the Bollinger bands by the 20-day simple moving average (SMA) of the cryptocurrency's price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day SMA average. When the distance between the two bands widens and the bandwidth increases, it indicates a period of rising volatility. Conversely, when the bands contract and the width narrows, it signifies a lull in volatility. An unusually wide or high bandwidth suggests that the current bullish or bearish trend is approaching its end, while an abnormally low bandwidth indicates that the market is on the verge of a significant move in either direction. Recent data shows that Dogecoin's daily chart has experienced contracting Bollinger bands, resulting in a bandwidth of 0.06, the lowest level since February 2019. This suggests that Dogecoin could soon experience a surge in volatility, as the bandwidth has a tendency to alternate between expansion and contraction. It's important to note that this anticipated volatility explosion is independent of price direction, meaning that the significant move can be either bullish or bearish. Looking Ahead: As Dogecoin prepares for a potential volatility spike, traders and investors should remain vigilant and be prepared for a pronounced price swing in the near future.
by cryptohopper
🔥 DOGE Regaining Strength After Twitter Icon UpdateIn my last DOGE analysis I talked about the fact that Elon Musk updated the Twitter logo to the Doge icon, which naturally has led to a big move upwards. However, like often has happened, DOGE dumped right after the bullish news. Still, my first target got hit fairly quickly, so congratulations if you took the trade. Inititally, I thought that DOGE would go down further. But, as seen on the chart, the bottom support held and caused a decent bounce. Furthermore, Twitter has recently started a partnership with eToro to integrate trading into the platform, which is bullish in itself. If Elon wishes to pump his Doge bags further he could integrate Doge as a way to pay fees (like BNB for Binance), for example. Decent probability that Doge will be further integrated into Twitter, which would obviously be bullish for the token. Keep an eye on Doge!
Long
by FieryTrading
8
🚘 Tesla Highest Daily Volume In 2 Years, Lowest Ever RSI +MoreWe have two strong signals that can favor the Tesla bulls. The first one is the volume mentioned in the title. In the last days of December, 28 and 29, the TSLA stock saw its highest buy volume in two years. The last time this much buying happened was 17-December 2020... A long bull market followed. We have another interesting signal in the form of an oversold RSI. The TSLA stock hit its lowest level ever on the RSI. A low of 16.5 was hit. The previous record low on the RSI was set 10-February 2016 and this marked a bottom. A 6 year long bull market followed. Now, these are strong signals but the chart structure is not the same. The market conditions are not the same. We cannot expect a bull market to develop based on such little data but, we can expect a bounce at least or a relief rally to show up before any additional blood. This is not financial advice. You still need a plan to trade. Make sure to do your own research and always hit Boost & Comment! 🚀🤗😄👍 Thanks a lot for your continued support. Thank you for reading. You are appreciated... Now & Always! Namaste.
NASDAQ:TSLALong
by MasterAnanda
12
SHIB 12 HR Looking like it wants to break up! SHIB has been a runner! Keep an eye on this one because if it breaks above the yellow trend line of this falling channel things can get BULLISH really fast! All it takes is Elon Musk tweeting a picture of his #DOGE and #SHIB will pump too! LOL! along with #FLOKI A lot of ALT coins can run hard this week.... Get ready!!! Alt gains are mind blowing and will melt your face OFF!!! Prepare your Coffee, load up on Monster and or Red Bull!!! LOL! PRO TIP: Always have BTC.D (Bitcoin Dominance) chart open. When it starts to drop, ALT coins can run better! <--- Good Luck Out There!
by BuddaCo_LifeStyle
$QOMWETH Shiba Predator QOM is the Shiba Predator, it is a community token whose function is to flip the Shiba Market cap. The live Shiba Predator price today is $1.02e-7 USD with a 24-hour trading volume of $4,162,720 USD. We update our QOM to USD price in real-time. Shiba Predator is up 30.55% in the last 24 hours. The current CoinMarketCap ranking is #381, with a live market cap of $61,291,329 USD. It has a circulating supply of 599,886,333,333,333 QOM coins and a max. supply of 1,000,000,000,000,000 QOM coins.
Long
by BADQOMOCAWGOWLD
Tesla’s price has doubled in six weeks, where to from here?Back in October, we made an outlandish call for Tesla to more than halve and fall from $220 down to $100. Four months later, we are both delighted and somewhat saddened to see it came to fruition almost perfectly (although technically it only fell to $101.81, leaving out bear call out of pocket by $1.81 per share). It was nothing personal against the company or Elon, but we simply looked at the data and hypothesised an idea based it. So where is Tesla to go from here? Incidentally, the stock is almost right back where it was in October and trades at $202.35, having more than doubled and rallied 113.8% in just six weeks. Tesla (TSLA) weekly chart : We can see on the weekly chart that the rally from $100 has been string and in a relatively straight line, and volumes rose to a two-year high to show fresh buyers entered the market and bears closed out. However, we’re approaching the broken neckline which could potentially prompt a pullback (or a consolidation), but the strong volume and price action suggests it could eventually break above it. And whilst a bearish hammer formed two weeks ago, it was followed by a bullish engulfing week with higher volume to show demand at these highs. Therefore, a break below 187.61 assumes a pullback, but bulls may be interested in loading above this key level for a move to the neckline around $225. Tesla (TSLA) daily chart: The daily chart shows a small pullback within the range of a bullish engulfing candle at the highs. A small bullish hammer formed yesterday for a potential higher low above last week’s low, and the daily engulfing candle. After-hours trade also see it trade slightly higher. Also note that the 20 and 100-day EMA’s sit perfectly on last week’s low, making $187.61 an important support level for bulls to defend. RSI (14) remain positive above 50, so we’re looking for another burst higher on the daily chart. • The bias on the daily chart is bullish above $187.60 • We anticipated a move towards the $220 - $225 area (along the neckline, depending on how quickly it gets there), where we may then see a pullback from the broken neckline • Keep in mind the November high around $237.4 which could also cap gains over the near-term • A break below $187.60 assumes a deeper correction, where we’d then look for evidence of a swing low around a Fibonacci number or the ‘gap support’ zone’ (at which point reconsider longs, in line with weekly volume and momentum)
NASDAQ:TSLALong
by CityIndex