DOGE may Skyrocket anytime soon
Hello mates,
I don't usually post any recommendation for meme-coins and DOGE is one of them!
But
Recently whales are whispering here and their about this coin !
You maybe think it is a fraud or even a Ponzi, but one of the main reasons of trading is gaining profits, and iam talking about lots of profits here guys!
This is why...!!
We all know that Elon Musk is one of the main reasons this coin exist, Elon Musk has indicated an interest in joining a Dogecoin community space close to Christmas, via a tweet on 16 Dec.
Add to that, DOGE influencer Matt Wallace, bets on his YouTube channel that DOGE will reach $1 on 2023.
Dogecoin transactions is within the $1 million and above region unexpectedly hit a notable number for the first time in December 2022.
According to Santiment, DOGE’s whale transactions amount stood at 37 5 days ago!!
Don't forget that DOGE is ranked #8 by Market Cap .
Technical analysis:
1) Triple bottoms:
Each successive attempt is typically accompanied by declining volume, until price finally makes its last attempt to push down, fails and returns to go through a resistance level.
2) WaveTrend indicator:
When this indicator is in the negative area (Below white line) this means that price will soon be ready for buying.
3) 200 SMA:
DOGE price is on 200 SMA and can reject of it, if 200 SMA is tested we could have a bull-run till 0.1$ or even 0.125$ if the market was cooping with this coin.
4) Volume:
Decreasing voulume in a down-trend indicates a coming reversal.
From my point of view Dogecoin could skyrocket anytime soon.
If you like my idea I would appreciate a boost.
Disclaimer:
This is not a financial advice
I don't usually post any recommendation for meme-coins and DOGE is one of them!
But
Recently whales are whispering here and their about this coin !
You maybe think it is a fraud or even a Ponzi, but one of the main reasons of trading is gaining profits, and iam talking about lots of profits here guys!
This is why...!!
We all know that Elon Musk is one of the main reasons this coin exist, Elon Musk has indicated an interest in joining a Dogecoin community space close to Christmas, via a tweet on 16 Dec.
Add to that, DOGE influencer Matt Wallace, bets on his YouTube channel that DOGE will reach $1 on 2023.
Dogecoin transactions is within the $1 million and above region unexpectedly hit a notable number for the first time in December 2022.
According to Santiment, DOGE’s whale transactions amount stood at 37 5 days ago!!
Don't forget that DOGE is ranked #8 by Market Cap .
Technical analysis:
1) Triple bottoms:
Each successive attempt is typically accompanied by declining volume, until price finally makes its last attempt to push down, fails and returns to go through a resistance level.
2) WaveTrend indicator:
When this indicator is in the negative area (Below white line) this means that price will soon be ready for buying.
3) 200 SMA:
DOGE price is on 200 SMA and can reject of it, if 200 SMA is tested we could have a bull-run till 0.1$ or even 0.125$ if the market was cooping with this coin.
4) Volume:
Decreasing voulume in a down-trend indicates a coming reversal.
From my point of view Dogecoin could skyrocket anytime soon.
If you like my idea I would appreciate a boost.
Disclaimer:
This is not a financial advice
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