Memecoins
DOGECOING: Dead cat bounce? Wow! What a year for meme-coins similar to Dogecoin? (expand chart for better view)
DOGE has done a 93% collapse. Some (not me) will be saying, ' it can't go much lower '.
It's now in gamblers' territory - and I expect gamblers to wade into the ' kill or be killed zone' !
So yes - two things are very possible:
1 - An immediate dead cat bounce over the next few days to weeks.
2 - Or a total collapse, from where we could get the real 'dead cat bounce'.
Folks are lining up, I imagine. I'm not one of them.
Avoid gambling please. Heavy losses could be involved.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
A bit of technical analysis on the newest hotness, CULT DAOWill CULT DAO take out another ZERO? The charts are screaming, "YES!"
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The memecoin prints a falling wedge Hello traders!!
That is my new idea :
Doge is looking bullish mid term target 0.21
I will consider to enter a long position here in DOGEUSDT due to this reasons:
-Falling wedge patter with upper line already broken
-Price situated over a medium support and congestion area that was broken with the BTC drop and reclaimed
-Descending volume
Procedure:
Entry now with stop loss below the last wick a 0.1359
Targets 0.1570 | 0.1770 | 0.212
Setup cancelled if daily close under the blue box and BTC losses 40500 support.
I will be glad to see what do you think in the comments.
I express only my opinion, do always your own research.
No financial advice.
mri looking like it's getting to make a next leg higher I've been in this since early Feb and its been a wild ride my first meme play I threw a decent bag at. Haven't started scaling out at all yet and will look to start doing so on the next leg up. Looks like a potential bottom might be in but its hard to tell and really depends on what kind of traction and hype this gets in the coming weeks. Definitely not something I'd like to hold in a bear market so hopefully the sooner the better.
BABYDOGEUSDT, We are moving in upward channelHello everybody
Finally we analysed one of the most popular meme coin in these days.
Do you anything about token burning ? Do you anything about the community of BABY :D ???
If you want to learn Fundamental & Technical analysis send us messages ---> Our id is in profile
According to the chart you can see the market of BABY is so amazing that is moving in upward channel and we expect the price reach to the below of the channel then its ready to move upwards and rises toward both of target.
1st Tp is midline of channel and the 2nd one is upper line of channel.
Until the zone that we shown on chart is not break down and consildate below of that zone the trend of price is upward and the analysis is valid
Good Luck
Abtin
Can Dogecoin’s Double Bullish Divergence Revive the Uptrend?Dogecoin (DOGE) has consolidated its recent losses, but several bullish signals call for a potential reversal. The DOGE daily chart has printed a double bullish divergence against the MACD and the RSI indicators, which can limit the short-term downside pressure.
Double Bullish Divergence
First, DOGE has formed a bullish divergence against the MACD indicator. DOGE's price made a new lower low on January 22, while the MACD indicator printed a higher low, which indicates a shift in the momentum.
Secondly, short-term DOGE has formed another bullish divergence against the RSI oscillator. Against the January 10 low, DOGE made another lower low, while at the same time, the RSI oscillator printed a higher low.
The confluence of the two bullish divergence signals seems to point for a temporary bottom at the $0.12 swing low.
However, long term, the bearish trend remains in motion. Only a daily break and close above the 200-day simple moving average can signal a fundamental change in the trend direction. Additionally, most RSI readings are printed below the mid-level 50, suggesting that we are not out of the woods just yet.
Looking forward: The first major resistance level comes at $0.20, followed by the $0.21 pivot point.
Dogelon, the next Shiba?Dogelon, possible formation of cup and handle. We might still see the price to go down to complete the C wave and form the handle. Will this be the next Shiba?
Doge broken symmetric Tringle, could start new really to 1$!! Technical analysis: #Doge(Daily update)
* DOGEUSDT is BREAKOUT the symmetric tringle pattern, the beginning of an uptrend is expected from here.
*The price is trading ABOVE Both MA's (21- MA & 50 MA) AND also Golden Cross over happen, LOOK too bullish, it could start new really to 1$ or more soon!!
Take Profits,
TP1= @ 0.45
TP2= @ 0.73
TP3= @ 1 and more
SL=close BELOW 0.20 on daily bases.
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DOGE long on daily #DOGE is showing strong bullish momentum. Resistance level was broken supported by an enormous spike of volume. After the daily candle closes above the resistance level, the continuation of rally towards the resistance level at 0.56 is inevitable as meme coins are on fire right now.
Shiba Inu Retest 2000-2500 Range in consolidation b4 NEW ATH !!!I created and posted this chart a few days ago. So far it's been pretty spot on . I'm not sure we hit bottom stage 3 but if we do that will signal a large buy signal and hopefully a great value for new investors to get in or others to average down.
HOTSDT: BREAKOUT RISING WEDGE AGAIN, ANOTHER SHORT OPPORTUNITY?Hello Fellow Traders, here's your free outlook for HOTUSDT! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :)
HOTUSDT already brokeout from the rising wedge pattern. Breakout of rising wedge pattern could indicate the possibility of bearish movement. The momentum indicator crossed downward below the zero area, it signify the potential downside movement ahead.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency
SHIB/USDT analysisHi;
According to the chart, there is divergence between the price and MACD & stochastic indicators. We can also draw a trend line from 12 jun. fib retracement shows a support at fib 0.5.
In fundamental point of view, based on blockchain data there is an increase in number of coin holders from yesterday and from the beginning till now. Also there is an increase in number of top holders. It shows that whales did not sell their coins and prefer to hold.
Thanks in advance for your valuable comments and likes.