I am charting Dogecoin on a 1D chart. Lots to discuss below.
In this chart:
1) I am measuring days of consolidation before pumps 2) The pump percentage gain 3) Possible target for next pump based on Fibs 4) RSI seems ready as it has hit almost 100 in the past.
Lastly if you look at the full chart going back in history, I noted each November and the Dogecoin gains/losses.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
bollinger band is just narrowing , possible rapid rise or fall is coming , but its not clear ... almost all market lead coins value are increasing , the market doesn't have enough cash to pump in doge . past week , after Shiba surge of price , people started to buy doge and it was the reason for 25% increase in price , but it failed the momentum and now there is risk that people get their money out of doge to buy other rising coins and alt coins ... so there is high possibility of fall ...
MillionaireEconomics
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@rpouya69, Thanks for your feedback. I agree that there is a chance of rise or fall with any coin. I am not 100% sure if doge will make a move up but looking left at the history, there is an indication of upside potential after this long consolidation. Let's see.
koaltares
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@rpouya69, Why is the retail market coming last and why, people buying SHIBA at .7000, selling their DOGE at a loss when SHIBA is already less than .6500 now. I'm hopeful about this estimation!
past week , after Shiba surge of price , people started to buy doge and it was the reason for 25% increase in price , but it failed the momentum and now there is risk that people get their money out of doge to buy other rising coins and alt coins ... so there is high possibility of fall ...