Dogecoin can be especially distinguished among all the coins on the market. At the moment, this meme coin has gathered a capitalization of more than half a billion and ranks 20th, according to the coinmarketcap rating. This is a bit alerting, given the history of the foundation of the coin. Dogecoin started in 2013 and was presented as a mockery of those many altcoins which flooded the market at that time.
The growth of Dogecoin has an exclusively speculative nature. Its software hasn't been updated since 2015, nevertheless, the token capitalization exceeded $ 2 billion at the beginning of 2018. Some projects, such as “Socks for the Homeless” and “Milk for Everyone” are being implemented, as well as ICO placement -1.08% of Dogecoin socks (ESO, early socks offering). This last project offers everyone to purchase socks with a Dogecoin pattern at a special price. We would like to remind you that the coin is one of the top 20 by coinmarketcap!
As we see, this market is full of nonsense. But it is still a market where technical laws established over the years prevail.
Dogecoin price chart looks technically correct. We can observe here the notorious , correctional formations, Fibonacci range levels.
In spite of the 5 global wave beautifully expanding to the North, intra-range trading should be preferred.
An attractive level to buy is 0.004673. The target of this purchase is the level of 0.0051; 0.005642 and 0.006086. A stop order may be placed at 0.0044. If stop orders are not used in trading, you'd better have some reserve funds to add a position if the price moves to a low range.
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We recommend buying at 0.00321445. The target is 0,003754