Cryptos
$DOGE Supernova 💫❤️🕊️What is Dogecoin (DOGE)?
Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US BMV:60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
Dogecoin in 2022
Fast forward today in 2022, Dogecoin has grown so much and have gathered the mainstream attention. It has become a meme that is used by the likes of Tesla billionaire, Elon Musk and even more so spunned off even more meme coins into the market.
Dogecoin followers have always been asking if Dogecoin would ever reach $1. It is hard to say where the price action will go, but high volatility seem to be mainstay as the utility of the cryptocurrency remains unclear being a meme coin.
BITCOIN Short OpportunitySignal: Green -> Red
Context: Red, Yellow
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Polkadot - DOT breakout patterns🔵🟢🔴👀We see a daily breakout pattern within a weekly breakout pattern for Polkadot dear Crypto Nation🔵🟢🔴👀
That can lead to a huge bullish breakout with a new high on daily chart followed by a new high on weekly chart🟡🚨
Have a great day dear Crypto Nation😎
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
KLAYUSD Buy the pull backKLAYUSD is consolidating after a strong February drop, in preparation for one last drop at the bottom of the Channel Up.
The same pattern is seen in mid November-December.
Trading Plan:
1. Buy if the price breaks under the short term Channel and near the bottom of the long term Channel Up or if it breaks above the short term Channel first.
Targets:
1. 0.41500 in both cases (top of the Channel Up).
Tips:
1. On the RSI (1d) we can see the resemblances between the two patterns more clearly. The closer the buy is to the 30.00 RSI oversold level, the better.
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AVAXUSD Significant upside potentialAVAXUSD is trading inside a Channel Up having formed a Golden Cross (1d) 6 weeks ago.
The RSI suggests that one last pullback is possible before a new 1 month rally starts.
Trading Plan:
1. Buy on the next pullback to the MA200 (1d).
Targets:
1. 25.00 (top of the Channel Up).
Tips:
1. The ideal buy entry would be when the RSI (1d) hits the 30.00 oversold level again.
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GMXUSD: Outside its Triangle, targeting 100.GMXUSD is attempting to close today over its short term Triangle pattern, which is just a neutral formation inside the long term bullish Channel Up pattern. The 1D technicals are bullish (RSI = 62.080, MACD = 0.000, ADX = 29.989) and if the 1D RSI crosses over the LH trendline, it will be the buy trigger we need to target firstly the R1 (90.00) and secondly the top of the Channel Up (TP = 100.00).
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BTCUSD: on 3 straight green months. Only happens in Bull Cycles.BTCUSD closed 4 days ago the monthly candle in gains, making it the third straight month. Last time this took place was during the 2020-2021 rally. In fact this chart shows that Bitcoin gives 3 straight green monthly candles only during Bull Cycles historically. Given that its 1M technicals are still neutral (RSI = 50.333, MACD = -740.400, ADX = 33.982), the current price is still very attractive to buy despite the strong rally since December.
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AXS Short to fill FVG and bullish OBI had made this earlier today but had forgot to post it, hope you get an additional entry<33
Similar to a KAVA play I made (linked below)
And similar to my MATIC play from yesterday (linked below)
The circle that is drawn is based from a lower timeframe confluence analysis (top-down analysis is my prefered method)
This play would also have confluence with a smart trader named plancton0618! (link below)
Potential breakout after retest on SOLUSDTWe should see a breakout at some point from SOL if it starts to outperform ETH:
SOL is currently heavily underperforming ETH, wait for SOL to outperform ETH while it's above the 0-line
The breakout I see is similar to the recent ADA play:
The line i have drawn isn't exactly how I view it, it could go lower in the channel before breaking out, it's obviously just a draft. Look for the levels!
The target is the purple line (-1 fib channel level)
Trend Probability Update for BTC and GOLDBTC showing slight weakness compared to last week, expecting consolidation
TPI has fallen approximately 20%
BTC is riding the sell line for the hunter algo, if we see rejection at this point there is no doubt in my mind that we go lower!
Short term TPI is weak:
Expecting a move down to fill out imbalance near 25K level
TVC:GOLD is still going strong and BTC has a high correlation to it still:
Stay safe out there <33
Hope you have a wonderful day
BTCUSD Bearish Cross ahead. Potential for 25500.BTCUSD is very close to printing a Sell Cross of MA50-100 (4h). This has been consistent with sell opportunities in February and March.
Unless the Rising Resistance breaks, a pull back to the MA200 (4h) is more probable.
Trading Plan:
1. Sell on the current market price as the Sell Cross is pending and we need to be ahead of the price action.
Targets:
1. 25500 (MA200 4h).
Tips:
1. The RSI (4h) is under a Falling Resistance, which is the same Bearish Divergence that led to the February 9th and March 10th bottoms.
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APTUSD After nailing the previous Top, we give you the next one!APTUSD/ Aptos hit the exact top we provided last time (chart below) and started a correction phase.
This correction phase is quite similar to October - December.
A 1D candle close over the Falling Resistance will be the signal to confirm a buy and may be closer than we think as the 1day RSI crossed over its MA level.
Target Fibonacci 2.0 at 24.00.
Previous chart:
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