DOGE/USDt: Famous Pattern Indicates Continuation To The Upside Falling peaks and rising valleys have built famous Triangle pattern
on the hourly chart of DOGE/USDt.
It's a consolidation after a big rally, which means more upside move is ahead.
Watch the price to break out of the pattern.
The target is located at the widest part of Triangle added to the break point.
Its located at 0.533
Breakdown of Triangle would invalidate the pattern.
RSI has managed to keep above the neutral point during this consolidation.
This supports the idea of further move to the upside
Elonmusk
DOGE has formed a Pretty Big C&H Pattern !...As you can see, the price has been able to pass the cup and handle resistance, but this does not mean that the resistance is broken. We need to wait until this weekly candle closes for the breakout to be confirmed. If we measure the AB range, which is 17 cents, and if the breakout is confirmed, we can say that the price will easily grow 17 cents equal to CD.
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DOGE cup an handle potentialCould there be a massive cup and handle potential for DOGE forming? The outline is there. But, it seems too bullish to stop there. This is certainly on the table of possibles, but we'll see what the outcome is. I'm still bullish on DOGE and will be up until the end of the year. But, we'll see what happens. Follow for more.
Dogecoin Outpaces Bitcoin with 180% Post-Election Boom. When $1?In a much-wow fashion, Dogecoin DOGEUSD broke out of the pack with a 180% post-election rally. It did way better than Bitcoin BTCUSD . But what’s really behind the speculative gains and is there more room for growth? Like, say, can Dogecoin hit $1? It’s a possibility. Let’s dig into it.
We’ve all heard about Bitcoin BTCUSD — the orange coin that shook up the fabric of global financial markets and rewired how we think about money and investments. But a small yet mighty cryptocurrency is befriending the small yet ambitious trader.
Dogecoin DOGEUSD , the people’s digital asset and Elon Musk’s favorite coin, has posted some howling returns after Election Day vaulted Donald Trump to the top job in American politics. The Shiba Inu-themed coin has soared 180% since November 5, outperforming the big guy Bitcoin with its 30% rise for the same time span.
How did that happen? It’s mostly Elon Musk and his lofty aspirations for Dogecoin. “Supporting Doge wherever possible,” the Tesla boss said back in 2022. Conveniently placed front and center for the meme-loving crowds, this iconic meme token is easy to scoop up in boatloads, empowering retail investors with a feeling of accomplishment. Dogecoin’s price was last seen floating near 40 cents, up from 15 cents before the election result.
Bitcoin, on the other hand, is priced at just under $90,000 , powering higher in a record-setting run, and that makes it look much less affordable and less likely to appeal to retail traders. But looking at the plain price tag is misleading without factoring in the market cap, which shows you how much the token is worth.
In Dogecoin’s case, the 40 cents translate to something big. It’s no joke. Even though the sole purpose of Dogecoin was to be a joke. Back in 2013, Dogecoin was created as a satirical homage to Bitcoin. But if that coin back then had a puppy-like valuation of a couple millions, today it’s a $60 billion unleashed beast that's ready to chew up and spit out your portfolio. It holds about 2% dominance of the overall crypto market cap and it's worth more than Ford F , which churns out annual revenue of $180 billion and boasts a 121-year history.
Now digital-asset enthusiasts, especially the Dogecoiners around, are pinning their hopes on the iconic duo in the making — Donald Trump and Elon Musk. The two billionaires have apparently teamed up for the good of the crypto industry. Long story short — traders are betting on a crypto boom under President-elect Donald Trump.
And Dogecoin might get pulled into the mix. Elon Musk has already openly stated he’d be happy to get involved with politics. But not just any politics. DOGE politics. And it’s official — Trump said late Tuesday he’s tapping Elon Musk to lead a new department aptly called Department of Government Efficiency, or DOGE. The Tesla CEO will be joined by Republican presidential candidate Strive Asset Management co-founder Vivek Ramaswamy.
“I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”),” Trump said in the announcement , posted on his social media platform Truth Social.
The duo is teaming up to “pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” the President-elect added.
All actions of the Department of Government Efficiency will be posted online for maximum transparency,” Musk said on his X platform . “Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know! We will also have a leaderboard for the most insanely dumb spending of your tax dollars. This will be both extremely tragic and extremely entertaining 🤣🤣”
Given Musk’s unfaltering devotion to Dogecoin, it’s not unrealistic to predict a function for his beloved token in the newly-whipped-up department. In this context, a $1 price tag, according to many crypto faithful, might actually come to fruition at some point in the foreseeable future, propelling the cryptocurrency to a $130 billion market cap.
But with all that hype, it could be difficult to go beyond the chatter and think clearly. And on the flip side, it may look easy to buy a dog-themed coin and retrieve some of those gains you see on the screen. Be careful, though — chasing down that game could lead to Great Dane-gers.
Do you own any Doge? Or are you looking to buy if you’ve missed out on the red-hot beast-mode rally? Share your thoughts below and let’s spin up the discussion!
DOGE never failsWith DOGE having been adopted by Elon and him rising to power within the new President elect's cabinet, we're seeing some meteoric rises for DOGE. It's great to see as it's a Meme coin, one of the first, which has been fantastic from the start. Now, we're still super bullish and the sub-waves are playing out beautifully. The big question is; is wave 3 done or does it have more to go before correcting for 4 and then onwards to complete this impulse for 5? Either way, it's fantastic to see DOGE do so well. My favourite MEME coin by far.
DOGE to a DOLLARElon Musk's preferred cryptocurrency!
Let’s not forget, he is the wealthiest person in the world.
This coin is definitely a favourite of his.
Reaching new highs is absolutely within the realm of possibility.
I have a positive outlook on TSLA stock, with potential targets exceeding $900, which could bring Elon’s net worth close to a trillion dollars on paper. While the timing is uncertain, the potential for growth when investing in him is significant.
I also believe that his top cryptocurrency could very well hit a dollar during this cycle.
With the recent breakout candle, it seems we've witnessed the completion of a pattern and the breakout of a substantial cup and handle formation.
I've included the targets for your reference.
TSLA Robotaxi “one for the history books” - Elon MuskIf you haven`t bought the dip on TSLA:
Now you need to know that Tesla’s Robotaxi unveiling is generating excitement with its “We, Robot” tagline, a clear signal that the automaker is about to unveil something groundbreaking, potentially bigger than what was imagined in the sci-fi classic I, Robot.
Tesla began sent exclusive invitations to retail investors, influencers, and owners, fueling anticipation around its latest innovation—the Cybercab. Drawing from the attention-grabbing design of the Cybertruck, the Cybercab could mark a significant leap forward in autonomous transportation.
Elon Musk called the event “one for the history books” in a post on X, further boosting speculation about what this could mean for Tesla's future. With heightened interest in the Warner Bros. Studio event in Burbank, California, the buzz surrounding Tesla’s Robotaxi unveiling could signal strong momentum for TSLA stock, as investors anticipate the potential long-term impact of this revolutionary technology.
Tesla Eyes $350 Break: Will We Soar to $371 or Pull Back First?Hey trading family, here’s the scoop on Tesla right now:
We’re looking at a possible break of $350, which could take us to the $371 zone. From there, we’ll need to see if the market has the strength to push higher or if it pulls back, possibly to $359 or lower.
On the flip side, if the market corrects from here, we could see a dip to $340, maybe even $335.
Stay chill, watch the levels, and let Tesla show you where it’s heading next. Always trade what you see!
Mindbloome Trading / Kris
TSLA: My Trade of the YearTSLA was my trade of the year… filled with frustrations, irritations, and annoyances.
We hit 260-270 three times without pushing higher, and three times I didn’t sell. There was an upward gap to be filled around 289—mission accomplished.
Then, on the 3D chart, there was this huge resistance, the red box, which was finally broken through.
I just sold the remainder of my TSLA shares, accumulated heavily since this spring. Massive accumulation.
These last shares had a PNL of +98%. Simply mind-blowing.
Tesla in orbit!Hello community.
Daily chart.
Nothing to say, everything is on the chart.
Musk and Trump, the winning duo for the USA?
If this continues they will succeed in changing lead into gold!
The USA is not dead, the big comeback!
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
Bulls on the Road: A Long-Term Bet on Tesla's FutureNASDAQ:TSLA MACRO bullish outlook.
From a weekly timeframe RSI is back above 50, price have been making multiple higher lows and with last weekly close we have finally made a strong higher high.
The stock is currently trading +7% pre market open. The bottom seems to be in and looks like it wants to go straight to new all time highs.
With such a bullish momentum behind for any bystanders looking to jump in, any retrace towards $290's to $250's is a long entry at DCA. New all time high should be in a breeze.
$822-825 target for Tesla’s Inverse Head & Shoulders PatternCan’t recall whether or not I’ve ever posted a tesla chart on here. The inverse head and shoulders pattern is pretty textbook here, and with Elon’s involvement with the new administration I can only assume Tesla will only continue to experience success in reading the probability of this pattern reaching its full breakout target. *not financial advice*
#TESLA Reach Local HighThe yellow arrows on the chart indicate strong upward price movements that reached local highs, marking significant bullish rallies. Each yellow arrow highlights a period where Tesla's stock price made a notable advance, reaching a local peak before eventually pulling back. These movements are quantified by the percentage gains annotated above each arrow, showing substantial upward momentum in each rally:
First Yellow Arrow (Left): This arrow shows a sharp upward movement, leading to a local high. The gain is marked at 436.74%, indicating a major price increase over a relatively short period, followed by a consolidation phase.
Second Yellow Arrow (Center): This arrow also highlights a strong price rally, where Tesla's price rose by 153.57% before hitting resistance, resulting in another local high.
Third Yellow Arrow (Right): The most recent arrow shows a gain of 119.06%, reaching a local high near the 312 level. This suggests a recent attempt to break above resistance and could indicate the start of another bullish trend if it sustains above this level.
These yellow arrows reflect Tesla’s potential to experience sharp bullish movements, often followed by pullbacks, making these areas key points for traders to consider entry or exit strategies based on momentum and resistance levels.
Doge SellAhmadarz analysis based on the DOGEUSD chart:
Chart Analysis:
Resistance Zone (Sell Zone): Around the $0.22–$0.23 range, there's a visible resistance level where sellers could potentially take control. The price has approached this upper zone but appears to lack momentum for a breakout. This level is marked in red on the chart and labeled as the "Best zone for Sell."
Support Zone (Buy Zone): The support zone lies closer to $0.115, with the area marked in green as the "Best zone for Buy." If the price falls to this level, it might attract buyers, providing a good potential entry point for a rebound.
Current Price Action: The price recently made an upward push but faced rejection near the resistance zone, suggesting a potential trend reversal or correction. The price is in a consolidation phase, bouncing around near the resistance line. A drop could lead the price back down toward the buy zone.
Trading Signals 📉📈
Sell Signal: If DOGE/USD continues to face resistance around the $0.22–$0.23 level, consider a sell entry in this range. Confirmation with candlestick patterns like bearish engulfing or a clear rejection might add more strength to the signal. 🎯 Target for this position could be near the next support zone around $0.15.
Buy Signal: If DOGE/USD declines towards the $0.115–$0.12 support level, this could offer a buying opportunity for a rebound. Buyers should watch for a bounce or bullish patterns near this level. 📈 Set a target around $0.15–$0.17 for potential gains.
Risk Management ⚖️
Stop-Loss for Sell: If entering a sell position near $0.22, a stop-loss around $0.23 would limit potential loss if price breaks out of the resistance zone.
Stop-Loss for Buy: For buy entries near $0.115, a stop-loss below $0.11 would be a protective measure if the price continues down.
Sell Signal 📉
Entry: $0.22 - $0.23
StopLoss: $0.235
Targets:
TP 1: $0.20
TP 2: $0.18
TP 3: $0.15
TP 4: $0.12
Conclusion 📝
This chart suggests a range-bound scenario with key levels to watch. Traders could look for sell opportunities near resistance and buy opportunities at support.
Tesla - This Will Be A Wild Ride!Tesla ( NASDAQ:TSLA ) is deciding about its future in the next 8 days:
Click chart above to see the detailed analysis👆🏻
During the next 8 days - until this monthly candle closes - we will see whether or not Tesla will enter the next major bullrun. Currently Tesla is trading at the important triangle breakout level after dropping about -20% this month so far. The future of Tesla will depend on this breakout.
Levels to watch: $160, $200, $270
Keep your long term vision,
Philip (BasicTrading)
Tesla’s Power Move: $300 Broken, $322 in SightUpdate:
Good morning, trading family. It’s your guide, Mindbloome Trader, here to remind you to trade what you see.
Tesla has broken through $300 and is holding strong. If it keeps this momentum, $322 is a realistic target. However, if it slips below $300, it could just be pausing before its next move.
Stay patient, follow the trend, and trust the process. Let the market show you the way.
Mindbloome Trading/ Kris
Trade What You See
DOGE: Big Moves Ahead? Here's What to WatchDOGE is hanging at a key level. If we break $0.187, the next stop could be $0.20 or even $0.236 if the momentum is strong. If it dips instead, keep an eye on $0.178 for a possible bounce. Stay patient, keep it simple, and let the waves guide you.
Mindbloome Trading / Kris
Trade What You See
Send me a DM if you like, boost, or found this helpful
Accelerating Ahead: Is Now the Time to Invest or Should You WaitOverview: Tesla Inc. (NASDAQ: TSLA)
Current Price: $288.53 (as of November 7, 2024)
Sector/Industry: Consumer Discretionary / Automobiles
Tesla has been on a remarkable upward trajectory, reaching new highs. Investors are now contemplating: Is it prudent to enter at current levels, or should one wait for a potential pullback to optimize the risk/reward profile?
Key Levels and Price History
52-Week Range: $180.00 - $288.53
One-Month Range: $250.00 - $288.53
Support Level: $270.00
Resistance Level: $300.00
Upcoming Dates to Watch
Next Earnings Date: January 25, 2025
Dividend Payment Date: N/A (Tesla does not currently pay dividends)
Ex-Dividend Date: N/A
Valuation and Metrics
P/E Ratio: 68.84 (above industry average)
Free Cash Flow:
Recent Quarter: $2.5 billion
TTM: $10 billion
Dividend Yield: N/A
Institutional Holdings: 55%
Short Interest: 3% of float
Recent Price Action & Technical Indicators
Weekly Trend: +5%
Monthly Trend: +10%
RSI: 65 (approaching overbought territory)
Moving Averages:
50-Day: $260.00
200-Day: $220.00
MACD: Positive divergence, indicating upward momentum
The RSI nearing overbought levels suggests caution, as a pullback may be imminent.
Comparative Valuation
P/E Ratio (TSLA): 68.84 vs. Industry Average: 20.00
P/B Ratio (TSLA): 15.00 vs. Industry Average: 3.00
EV/EBITDA (TSLA): 40.00 vs. Industry Average: 10.00
Tesla's premium valuation underscores its growth potential but also indicates higher risk if market sentiment shifts.
Growth & Financial Health
Revenue Growth (3-Year CAGR): 30%
Projected Revenue Growth (Next 2 Years): 25% annually
Debt-to-Equity Ratio: 0.5 (moderate leverage)
Cash Reserves: $20 billion
Current Ratio: 1.8
Notable News & Social Sentiment
News Highlight: November 6, 2024 – Tesla announced a strategic partnership with a leading battery manufacturer, boosting investor confidence.
Social Buzz: Positive discussions on platforms like Twitter and Reddit, with investors optimistic about Tesla's future prospects.
Competitive Comparison
Ford Motor Company (F): $10.55, P/E 15.00, Revenue Growth 5%
General Motors Company (GM): $45.20, P/E 10.00, Revenue Growth 3%
Investment Analysis: Entry Now or Wait for a Pullback?
1. Entry at $288.53 (Current Price)
Target Price (TP): $320.00
Potential Upside: $320.00 - $288.53 = $31.47
Percentage Gain: ~10.90%
Stop Loss (SL): $270.00
Potential Downside: $288.53 - $270.00 = $18.53
Percentage Loss: ~6.42%
Risk/Reward Ratio: 10.90% (reward) / 6.42% (risk) ≈ 1.70
Entering at $288.53 offers a moderate risk/reward ratio, with potential gains outweighing potential losses. However, the proximity to overbought RSI levels suggests a cautious approach.
2. Entry at $270.00 (Wait for Pullback)
Target Price (TP): $320.00
Potential Upside: $320.00 - $270.00 = $50.00
Percentage Gain: ~18.52%
Stop Loss (SL): $250.00
Potential Downside: $270.00 - $250.00 = $20.00
Percentage Loss: ~7.41%
Risk/Reward Ratio: 18.52% (reward) / 7.41% (risk) ≈ 2.50
Waiting for a pullback to $270.00 provides a more favorable risk/reward ratio, offering greater potential gains relative to potential losses. This strategy aligns with a more conservative investment approach.
Price Forecast Scenarios
Optimistic: $320.00 (assuming continued bullish momentum)
Neutral: $300.00 (aligning with current resistance levels)
Pessimistic: $250.00 (testing lower support levels)
Conclusion
Tesla's recent performance reflects strong growth and positive market sentiment.
Aggressive Entry (Today's Price, $288.53): Offers potential for short-term gains but carries higher risk due to near overbought conditions.
Conservative Entry (Pullback to $270.00): Provides a better risk/reward balance, ideal for those seeking a more cautious approach.
Verdict: While both strategies have merit, waiting for a pullback to $270.00 offers a more balanced entry point, allowing investors to capitalize on Tesla's growth potential with reduced risk.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investing in stocks involves risk. Always conduct your own research and consult with a financial advisor before making any investment decisions. Use this information at your own risk; I am not responsible for any outcomes that do not align with expectations.
Dogecoin Just Barked ,Thanks to Elon & Trump’s crypto magicMusk & Trump: Dogecoin’s New Favorite Hoomans?
In a landscape where cryptocurrency trends often intersect with political drama, both Bitcoin and Dogecoin have seen notable price movements leading up to the US presidential election. Bitcoin has rallied to within 5% of its all time high, while Dogecoin, defying the general altcoin downturn, surged almost 12%. This surge followed Elon Musk’s endorsement and the coin’s growing association with Donald Trump’s campaign.
Dogecoin’s Rise and the Musk Trump Link
Bitcoin’s upward trend is mainly driven by technical factors and larger economic conditions. On the other hand, Dogecoin’s momentum can be traced to its ties with Elon Musk and Donald Trump. After Musk’s appearance at a Trump rally in New York, Dogecoin’s price jumped by 16%, hitting $0.167 and marking the highest percentage gain among the top 100 cryptocurrencies for that day. Musk, known for his strong support of DOGE, proposed a “Department of Government Efficiency”—cleverly abbreviated as D.O.G.E . making the coin a playful symbol for Trump’s campaign goal of reducing government spending.
Musk’s impact on Dogecoin is well-documented, particularly during the 2021 bull market when he frequently mentioned it on Twitter. Recently, he fueled further excitement by tweeting a meme of himself with a DOGE avatar, invigorating Dogecoin’s community. Paul Howard, a senior director at crypto trading firm Wincent, stated, “DOGE is now closely connected to the US presidential race due to Musk’s endorsement and his presence at Trump’s rallies.”
Prediction Markets, Dogecoin & Trump’s Chances
Dogecoin’s rise isn’t happening in isolation. The correlation between Trump’s campaign progress and Dogecoin’s price growth has been magnified by prediction markets favoring Trump’s chances in the election. On Polymarket, blockchain-based odds for Trump’s victory have risen from 61% to nearly 66% in the last week. This Dogecoin-Trump link, strengthened by Musk’s involvement, brings a speculative edge to both the meme coin and Trump’s campaign, both driven by their nontraditional popularity and social media narratives.
As Trump’s odds improve, some believe Dogecoin could keep gaining attention if Musk’s D.O.G.E. proposal picks up support. Although the department idea is only theoretical, it has resonated with both Musk and Trump supporters, injecting a novel and ironic rallying point into the 2024 campaign.
Market Reactions and Future Implications
Dogecoin’s recent rally shows how influential prominent endorsements can be, even amid a sluggish altcoin market. Once considered a “joke currency,” DOGE now has serious investors betting on Musk’s ongoing support to maintain its relevance. While it remains well below its peak of $0.7 in 2021, Dogecoin’s current five-month high and unique position in the political limelight could attract more attention leading up to Election Day.
For Bitcoin, the focus is on its tendency to rally after elections, as new market entrants often surge in during these periods. If BTC’s current “bullish setup” resembles late 2020’s conditions, as Sigel suggests, it may reflect crypto’s changing role during political transitions and heightened speculation.
Overall, the intertwining of political narratives with cryptocurrency prices signals a noticeable market shift. While Bitcoin remains relatively stable, Dogecoin’s speculative value fluctuates with the influence of key figures. Whether gains are driven by Trump, Musk, or broader market forces is uncertain, but one thing is clear: in the unpredictable world of crypto, politics and social popularity have become key factors in shaping market dynamics.
Crypto Frenzy: Elon Musk's Impact on Bitcoin and DogecoinCryptocurrencies are skyrocketing just 7 days before the presidential election, and many people are wondering why. The answer, which should come as no surprise, is of course, Elon Musk.The reason is a perfect storm of sorts. Musk’s increased prominence as he campaigns for Donald Trump, his recent comments about cryptocurrency, and his potential role in a Trump administration (should Trump win) are all driving up the price of Bitcoin as well as Dogecoin and a number of other meme coins.Dogecoin, a favorite of Musk’s, was up 9.7% on Tuesday. This comes after the tech billionaire said at a Trump political rally in Pennsylvania that he’s not “actively involved” in crypto: “I just like Dogecoin.”
The billionaire founder of Tesla and Space X and owner of X has a long history with Dogecoin, which he first promoted in 2021 on Saturday Night Live, causing the price to spike, only to plunge afterward. (The meme coin’s price has gone up and down based on Musk’s comments since.)Musk, who has been actively campaigning for the Republican nominee and raising money for Trump, has also said he would be heading the Department of Government Efficiency, dubbed DOGE, if the former president is elected. That has also contributed to the frenzy, leading to a more-than-20% gain in Dogecoin over the past seven days, and 33% over the month.
Meanwhile, Bitcoin, which is the largest cryptocurrency by total market capitalization, was up over 4.4% on Tuesday, seemingly swept up in the excitement. It’s now trading just short of its March record high.