Looks pretty oversold and it bounced on a major long term trend line. I do think that we bounce back at least to retrace (fib levels). A lot also depends on ETH so watch that chart. If ETH dumps more, doge will as well. But I do think up is higher than down right now.
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Total marketcap = $2.3T
Total Marketcap excl Top 10 coins = $390B
That's ONLY 17% of total marketcap! OMG THAT'S NOTHINGGGGGGG!!!
The percentage should go up to 30% at least!
If the total marketcap is $5T, 30% is $1.5T
That's a 4x from here!
Some ALTS are going to 10-20x easy!!
BULLISH AS F#@!(*
DOGE coin has been setting itself up for a breakout since May 6th, which could be coming very soon.
What we are looking for is an increase in volume and a push past the downtrend resistance line to break free.
Currently holding a position @ 0.311
Stop loss is set at 0.295
If we break to the upside,
1st Target: 0.47
2nd Target: 0.63
This is a play you don't...
Here is my trend i have started to try, i am super new, so appoligies for the amount of graphs, i was seeing how best to put what would possibly help me figuer out the life wave of the people in this market.
Yes, we are waiting for Elon's tweet as well, just like you guys. But in the meantime, on the technical side, this is how our setup is looking. We are anticipating the breakout of the falling wedge. As soon as it happens, we will be aiming for the area identified on the chart!
What do you think, family? Please, feel free to share your thoughts and opinions in the...
After a new visit to 0.30 zone, Dogecoin rebounded nicely and is trading near 0.5 resistance at this point.
In my opinion, a new wave of selling will follow from this zone and we could see the coin dropping back to 0.3.
I'm looking to sell between 0.5 and 0.55
The top chart compares ETH marketcap vs marketcap of all excluding top 10 coins.
Bottom chart compares ETH marketcap vs marketcap of all excluding BTC and ETH.
You can see ETH profits are going to coins outside the top 10. Super interesting!
Buy MID SIZED coins between 1B to 10B marketcap.
provided that doge reached our new mark which is 70 we are now look for the market to correct itself to our previous mark 50 afterward ill be buying and waiting for the market to reach our new $1 mark.
As I estimated, the return to growth yesterday for the Doge, a move that we hoped would continue today. Until now, today's candle, although slightly declining, was at the top of yesterday's. Long prediction for Doge today.
Doge is currently trading towards our 0.05 mark and it is in a bearish trend as we can see that the market is powered by bears after our retracement to our major key of support or area of significant doge will hit our 1 dollar mark it might take months for the setup to play out but we are keen on that area to buy