Now this is sort of a play on technicals, but if you look at the 7 day chart it's very bullish long term, the beginnings of a larger "J" curve to Mars... Seriously wait till after BTC peaks this bull run then Alts will fly like in 2017-18, cycles are a bit longer Listen to ElioTrades YouTube and EricCrownCrypto and you'll get great insight
ELON had a good bounce, better than others. Now that it is above the 10 simple, and the middle Bollinger band, the black checks... If ELON can close above those points on a daily, then in theory, it should test the top side Boll Band, if not then the bottom one and that's NOT 2200... Lol
It won't hold long at this level. There will be another dip down to the 1500 then breakout.
I think this depends so much on social media and tweets. Big guys need to sell... happy for more exchanges to list at this time so that they can sell. Just my thought, I've learned that technical analysis is seemingly pointless in crypto. That being said, I'm ready to buy at any moment lol. BTW anyone staking anything while we wait?
Target sell price is around 1750, It will dip back down to low 1500, high 1400s before possible breakout. Worst case, see my possible scenarios chart.
KUCOIN:ELONUSDT Things are still on track with this short term descending triangle. It can break out since it's within an ascending triangle or continue on a bearish pattern until the next lower support level. 🤞 *Not Investment Advice*
Buy between 1650 and 1615. Small H & S above, will dip and continue downtrend with lower highs until breakout.
Bullish or bearish, there are chances to make money here.
If Dogelon Mars continues upward momentum we could bounce off this line hard and start the journey towards retesting new highs.
First stop MOON AND THAN we leave our solar system behind. Time to fly boys and girls yihaaa...
DOGELON MARS appears to have come into a very nice bull flag following the uptrend line we drew a few days ago. Moon time? 5000 soon?
We have 2 pattern in our chart , it's difficult to read and inderstand but we figure it out ... 1) Ascending Triangle - bullish only 2) Falling Wedge - bullish only So as i said it's going to be bullish for dogelon ! Price predection : MAX DOWN : 1000 maybe going to be big sell of to attend the 890 objectif then we will see a crazy pump MAX UP : 3300 if we...
It appears that if ELON can stay on this uptrend - we will easily reach the 5000 range by the end of this year.
I need to back test this idea, but the last 2 market moves, ELON moved first, crazy but will let you know in future post. I had to adjust my traingle, that's the problems with triangles vs price levels. But new angle supports the 21EMA , sorry but I was wrong... happens Higher highs and higher lows is bullish. If everyone wants a higher price, we need to watch...
Dogelon, possible formation of cup and handle. We might still see the price to go down to complete the C wave and form the handle. Will this be the next Shiba?