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DOGECOIN 10% Dump or 39% Pump!?!Since we broke the support and have not managed to climb back above, a 10% move to the downside is more probable. If we flip the resistance back to support and hold the level, the target will be $0.18, 39% to the upside. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
Meme Coins: What’s Behind the Curtains ?Have you ever wondered how meme coins keep pumping? Are people really getting rich from them? How the Pumps are Made ? Step 1: Establishing Credibility First, the creators spend significant investment capital to demonstrate good credibility. This ensures that the strongest platforms list them. During the Initial Public Offering (IPO), coins are sold massively to investors. However, as their is no more buyers, prices begin to decline. Step 2: Accumulation Phase Next, the coin enters an accumulation phase where big whales start buying from bored speculators at the lowest prices. The whales objective during this phase is to accumulate the maximum quantities for the lowest price possible. The long accumulation time will breakdown the enthusiasm of the speculators , selling their coins for a loss or no profits. Step 3: Controlling Supply and Demand When accumulation reaches its peak, the whales start withdrawing their coins from the platform, leaving the market with small quantities. They then inject a significant amount of capital, such as $1 million, causing the price to take off. Step 4: Advertising Following this, the coin creators and whales invest heavily in advertising , attracting a big community and more investors. This new crowd keeps injecting liquidity into the pumps, leading to noticeable price increases. Getting Rich Quick? Can you get rich quick from meme coins? The reality is nuanced. Even if speculators buy at the bottom, their investments are often too low, leading them to sell at modest gains during the pumps. On the other hand, people who buy after a 1000% increase are typically looking for substantial returns. However, their small capital makes even a 5x return seem insufficient. The meme coin trend is aggressive and driven by a powerful crowd. While investing in these coins can bring profits, it’s essential to remember that you are always at the mercy of the whales. If they decide to sell off, the market can crash just as quickly as it pumped. Therefore, caution and awareness of the market dynamics are crucial when dealing with meme coins.
by Monstralian
1
Dogecoin Price Prediction: Support, Resistance, and Trading TipsBINANCE:DOGEUSDT has shown a slight upward trend, with the latest close at $0.13694. The 9 EMA is currently at $0.13554, slightly above the 20 EMA, which stands at $0.13173. This alignment indicates a short-term bullish trend, as the shorter EMA is above the longer EMA, suggesting positive momentum. The MACD indicator, a crucial momentum indicator, reveals a bullish sentiment as well. The MACD line is above the signal line, and the histogram is positive, albeit with some diminishing values. The latest MACD reading is 0.00427 with a signal at 0.00373, and a histogram of 0.00055. Although the histogram is shrinking, indicating a potential slowdown in bullish momentum, the overall position of the MACD remains positive. The Relative Strength Index (RSI) provides additional context, currently showing a value of 63.96. This positions DOGE slightly below the overbought threshold of 70, indicating that while there has been significant buying pressure, it is not yet at a critical overbought level. Previous RSI values were higher, suggesting that the buying momentum has cooled off slightly. Meanwhile, the immediate resistance is found at $0.13713, followed by more significant levels at $0.14474 and $0.14776. These levels are crucial for any upward movement, and breaking through them could indicate further bullish trends. On the downside, support levels are seen at $0.1368, $0.13533, and $0.13355. These levels are critical in preventing any significant downturns. If the price breaks below these supports, it may signal a bearish reversal or a period of consolidation. Potential Trade Ideas Given the current technical landscape, traders might consider different strategies for long and short positions. For long trades, a potential entry point could be near the support level at $0.1368, with an exit around the first resistance level at $0.13713 or higher at $0.14474. This strategy takes advantage of the current bullish indicators and potential upward momentum. For short trades, entering around the resistance at $0.13713 with a target near the support at $0.13533 could be a prudent strategy, especially if bearish signals start to emerge. Monitoring the MACD and RSI for any signs of bearish crossover or overbought conditions will be crucial in timing these trades. In summary, DOGE exhibits a short-term bullish trend, supported by positive EMA and MACD readings. Key support and resistance levels will play a significant role in determining the next price movements. Traders should remain vigilant and consider both bullish and bearish scenarios in their strategies. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
by Ecoinimist
TURBOUSDT Bullish Flag!TURBOUSDT technical analysis update TURBOUSDT has formed a bullish flag pattern, with the price moving towards a breakout at the flag's resistance. TURBO has formed similar bullish flag patterns in the past, resulting in significant price movements: a 300% increase after the first flag breakout and a 1400% increase after the second flag breakout. This time, I expect a 200-300% move following the breakout. Buy zone : Below $0.00420 Stop loss : $0.00290 Regards Hexa
Long
by HexaTrades
1
IS $DOGE ABOUT TO DO THE UNTHINKABLE?Last bull run CRYPTOCAP:DOGE did a 280x from the start of the 5 wave move to the upside to its ATH of $0.73. This move took about 182 days. At its previous ATH, the MC did a 44x from the 2018 peak of GETTEX:2BN to ~$88bn. Based on this upward sloping trendline, CRYPTOCAP:DOGE is primed to hit $7.5, and if history repeats itself, this should happen by end of this year. This would also bring CRYPTOCAP:DOGE MC to almost $1.1trillion, which is about a 12.5x from previous ATH, which is not even up to 1/3 of what it did last bull run. This looks crazy but it's just what the chart shows.
CRYPTO:DOGEUSDLong
by etawong85
3
$NKE just doing it to $88.50 from $72 after drastic drop off $98NYSE:NKE just doing it to $88.50 from $72 after drastic drop. Perfect to align with a bit above the 50% Fibonacci point as the RSI climbs higher towards the 200 day moving average above the 50 day moving average on the 2hour chart and in multiple timeframes. Invest smart, invest hard. Boost my post if you like this idea 💡 Also follow and subscribe for more uproars. Let's spread the word together. Roaring Puppy 🐶 out. NYSE:NKE
NYSE:NKELong
by St0ckWr4ngl3r
1
This MEME Coin Is Setting Up For A LARGE Breakout MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here 1000SATS has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level . This is a bullish structure and dips are buys, when these dips happen 1000SATS can start its move higher . This needs to be watched carefully on a new 2 week candle. 1000SATS can get very bullish with the ETH ETF launch so we need to watch carefully Please watch the video for more information
Long
by MartyBoots
6
IOTX coin, highlighting the head and shoulders pattern and...Analysis of IOTX Coin: Head and Shoulders Pattern Current Pattern: The IOTX coin is currently exhibiting a head and shoulders pattern, which is a classic bearish reversal signal. This pattern consists of three peaks: the middle peak (head) being higher than the two outer peaks (shoulders). Resistance Level: We are now approaching a key resistance level. If the price gets rejected at this resistance, we could see a continuation of the bearish trend. Potential Scenario: • Bearish Reversal: Given the head and shoulders pattern, if the price fails to break above the resistance, it is likely that we will see a bearish reversal. • Price Target: Should the price get rejected from the resistance, the first support level to watch is the neckline of the head and shoulders pattern. If this level is breached, the next significant support level would be the lower bound from recent price actions. Summary: • Pattern: Head and Shoulders (Bearish) • Resistance Level: Current price level, acting as a neckline. • Support Levels: • Initial Support: The neckline of the head and shoulders pattern. • Further Support: Lower historical support level from recent price actions. Trading Strategy: • Monitor the Resistance: Watch for price action around the current resistance level. • Potential Rejection: If rejected, look for the price to move towards the neckline and potentially lower support levels. • Stop-Loss and Take-Profit: Consider setting stop-loss orders just above the resistance level and take-profit orders around the support levels. Conclusion: The IOTX coin is showing signs of a bearish head and shoulders pattern. Caution is advised as the price approaches the resistance level. If rejected, prepare for potential downward movement towards the initial support level and beyond. This post should effectively communicate your analysis and trading strategy for the IOTX coin based on the current head and shoulders pattern and the potential rejection from the resistance level. When trading IoTeX (IOTX) or any cryptocurrency, be cautious. All trades are made at your own risk and responsibility. Make sure to thoroughly research and consider your financial situation before making any decisions. BINANCE:IOTXUSDT
by rebenga93
Don't Sleep on Game Stop (GME) - Time to Buy Again!Gamestop has seemingly lost steam in the past few weeks and the hype may seem like it's over. Ignore all of the fundamental talk about GME going nowhere and focus on the Technicals. The Technicals are still in play here for GME to continue to push upwards. We have created a strong support area ~$22.25 and that area has been tested several times now and continues to hold. We've been consolidating for over a month now, and have just seen a bullish Break of Structure on the H4, signaling that this baby is ready to start moving again. The volumes haven't started picking up yet, so it may take a little more time....but this is where "smart traders" should be getting back into GME. Since we have had a few pushes up previously to the $40+ range, it won't take much at all for this to skyrocket back to those levels. Time for a long position here at ~ $25-$27, with a HUGE Risk to Reward Ratio...5.5+. Stops should be just below $22, and targets are initially $49, then $65. Overall a ~$5 risk with a $22-$40 reward...I'm taking that trade all day every day!
NYSE:GMELong
by bigkid803
Pepitos- Well i never talked about PEPE but i bought on uniswap, before it was listed on Binance. - Not much peoples knew about PEPE the Frog. - i sold it when Binance announced the listing... and it dipped when Binance opened trading. - Pepe is a Meme. - Pepe have no tech. - Pepe is pure gambling. - Pepe is Dangerous. - Pepe is still young. - But Pepe is fun :D - For all that reasons i didn't talk about it. i didn't want my followers to rekt on it. --------------------------------------------------------------------------------------------------------- - So now that Pepe starting to be older a bit, if u want to gamble on a new meme : --------------------------------------------------------------------------------------------------------- - Nothing to buy Now - Buy retracement : 150 ish ( took out the boring 00000 ) - Full buy at bottom : 60 ish - SELL : 1100 - SERIOUS SELL : 1500 - 1800 --------------------------------------------------------------------------------------------------------- Stay S4fe ! Happy Tr4Ding !
Long
by thecryer
34
Bonk Done Bonkin'Traders, As mentioned in my recent videos and posts, meme-coins (of all categories of coin) are looking positive here, especially those on the Solana blockchain. We’ve talked about Wif. We’ve talked about Boden (up 31% today). We’ve referenced TRUMP. All of these are on the Solana blockchain. All are doing well. Another one I have referenced, stating it is in a good position for future boom is BONK. Up over 40% from its low, it continues to 🚀🚀🚀! Where will it go? My guess is the top of our green channel or that .00045 level. That’s an 82% increase from here. And look at that beautiful double-bottom pattern we have formed. How many times have we’ve been successful trading that pattern (rhetorical question)? It’s our best setup by far so far. So, if you are wanting to enter this trade, we could get another small pullback tomorrow through Thursday but that’s not a risk I’d be willing to take as the thing could just continue to the moon. My preference would be entry here, setting stops somewhere just below that channel, and then holding on tight.
Long
by stewdamus
XAR/USDT THE NEXT HYPE COIN SPOT INCREASE 4xXARUSDT shows since today a volume confirmation, which can get a confirmation in the coming time frame. This spot coin has a high possibility of breaking soon. our expectation for this coin in the coming time $0,20 We will follow the market and see what XAR can do with volume . This coin is found after our spot study to a coin that can show new possibilities in price action. This coin has a high-risk/reward star The coin has seen a breakdown history until today some volume trends seem to have changed to positive which could build a new cycle to an uptrend. There is a good chance this coin can show a break up $0,10 soon.
Long
by SatochiTrader