I'm back from the USOIL/WTI Commodity Trading and landed on the DOGE CryptoCurrency Wagon !
Following the Fundamental part of this week's news, Yesterday, Elon Musk pumped the DOGE with by tweeting many times.
On the Technical part, It's now resting on the 0.045 support line, which means, with the hype bulking up, the trends looks to be only bullish and not bearish !
There is still something important on Dogecoin, it's that the price of each coin is valued by the volume divided by the number of coins distributed so far, It is not something that has a limit, yet, if no one sells, the price will go up !
In conclusion, Now should be the best time to buy if it works !
Trade active
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Bought Dogecoin at many prices, I have spent 900€ on 27 553 Dogecoins, so an average of 0.3266 per Dogecoin!
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Still not moving much, tomorrow won't probably have much changes.
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After analysing more the chart, I've discovered a possible triangle inside the main triangle ! #Inception
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New update after the night (for me) : - Tweets from Elon musk after it went down to $0.43 to pump it again - Resistance line wasn't breached ($0.49) so it corrected itself back between 0.47 & 0.49
If you're wondering what's my view on it, Until it doesn't reach my objective ($0.5), I won't sell :)
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Not much to say again, it's still climbing steadily, stability is good, that means that people don't pump and dump so it's more like growing slowly but surely !
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I've updated the chart : (No need to create a new Idea so far)
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Now way, is it going the way I expected it ?? Is my triangle legit and once it's been broke, it's going to breach the resistance ??
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I'm speechless.....
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It's bouncing back from the resistance! But, fray not! I think this time is the time to breach it !
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Will it breach it ??? #DogeCoin TO THE MOON
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Good night everyone !! :D
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Thank you everyone that followed this idea up to now! I'm going to post another one now the resistance bar was breached!
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FOLLOWING IDEA : (Click on the thumbnail to follow link)
Nice this one! Looks good with great potential of success
Abdulwadoud1
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Thank you Alexander!
What is your opinion now?
Alexandre_Trading
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@Abdulwadoud1, My opinion would be "Buy and hold" as the trend is bullish, even if it's going down many times, the support lines holds and it's still climbing nonetheless :)
jlayfield85
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According to your update... we need to go deeper! :p
Alexandre_Trading
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@jlayfield85, Deeper down ? XD
I think the new support line is 0.45 and it won't go back under this,
It's going to breach any triangle anyway and it should "burst" if it's not that different than Futures :)
jlayfield85
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@Alexandre_Trading, Deeper up, which makes no sense. :P I am hoping that it will burst the triangle over the weekend to explore new heights.
sprangs
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@jlayfield85, Deeper into space makes sense ... deep space 99 cents