It's been what, few month now since we heard anything about DOGE? Yeah, sounds about right especially in this downtrending market everyone forgot doggy, but it is due to recover in 2018 according to it's pattern and historical analysis. Don't be spooked by it's supply amount, it's fine, be intrigued by it's transaction cost and total quietness surrounding it.
When everyone is bearish, you should be bullish and vice versa, but what if there's neither bullish nor bearish sentiment toward a coin? Well, in that case you go back, look at it's fundamentals, historical analysis, volume, indicators and any patterns.
Risk assessment on this trade is medium which indicates that Stop Loss might not hurt in this instance. We recommend going below 15% of your total portfolio into this unless you're just sitting on $1,000 then you can pull it over 50%
With that said we will keep look on Dogecoin while it is preparing for a possible recovery.
Oh yeah, and let me not forget to mention that people like cheap coins, they love it when few hundred dollars brings in over 100K coin. Yes, I know some will say that there are many cheaper coins out there and I will agree, however let's not forget that as of today this is a 40 ranked coin in market capture which has been established since 2014 which gives it a lot of solid backup.
Enjoy this trade, advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Trade active
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This trade will take time, but it's worth it
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Your LIKE means support
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Upward movement began at this time
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Over 10% up since posted this chart and over 17% up in USD
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We have sideways movement coming in here for few more days
This coin has a healthy nature about it. It has humility.
dxhtml
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But don't think DOGE can ever hit $1.00-$5.00
there's no cap on how many can be printed.
No scarcity factor like bitcoin.
aamonkey
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This is what I see:
Bluechipinvestments
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Looking at the Chart I see the Elliot wave completed we are in the corrective wave.I believe looking at my chart we will have a drop the support .00025 at that point I want to enter my position, and hodl for several months. The market is bottoming for a lot of cryptos, this being a easy pick for potential. THanks for sharing, if you have a update to your position, please share. I would imagine you are just waiting.
ifacrazy
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Hi CryptoManiac, I like your chart and your analysis.
Would you pls to publish new idea about IGNIS ?
Thanks anyway for your kindness
ttt4567
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So you're saying DOGE will 84x ...?
I like your chart / the trend, but ignoring the fact it broke its' trendline with the reason being "But we will assume reason for this is downtrending market" is quite naive IMHO.
CryptoManiac101
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@ttt4567, With whole market upside down I see it doing a quick recovery of 2-3 x in healthy market
ttt4567
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@CryptoManiac101, this has 0 to do with what you have written in your chart.