$GRIMACE IS A NEW BIG ROCKETToday I will share with you one theory regarding the adoption of cryptocurrencies by large corporations and how McDonald's is moving towards the adoption of DOGE through the MEXC:GRIMACEUSDT coin invented by them.
On January 25, 2022, Elon Musk tweeted the following:
“I will eat a happy meal on tv if @McDonalds accepts Dogecoin”
On 01/26/2022, the official @McDonald's account replied to @elonmusk tweet: “only if tesla accepts grimacecoin”.
06/06/2023 – the official twitter account of McDonald's announces Grimace’s Birthday.
Would it be a coincidence if I said that Grimace's birthday and the listing of the token on MEHS were on the same date? July 12, 2023. McDonald's hasn't mentioned its character since 2018 before this day and now has launched a full-blown promotion?
Okay, you'll say it's a typical memcoin created on a hype wave. And I'll say that the token was created in February 2023 and the development team didn't just create a sht.
The coin was released with an 1,000,000 supply on the dogechain network. It had a capitalization of 13 mln (at the time of listing) and 12mln even before listing. Shitcoin?
Okay, here are a couple more examples of why it's a gem:
The team developed their swap tool the moment KibbleSwap stopped working and did it in 24 hours to ensure they could buy and sell tokens on the dogichain network for their users.
The razrbochtik team created an earn-2-play game and has already paid out over $25,000 in 3 weeks
The community is growing and rewards. More than 3 contests and 2 airdrops amounting to more than $150,000 were held in a month.
The project has tokenomics, whitepapper and live twitter. The team has announced NFT, burning and steaming. Now take a look at the chart. In the support zone interest from buyers is not just from whitepappers who have been buying from the bottoms and made x1000, there is live buying going on in this range, which the market maker is holding back.
Also, the team announced new listings, I am sure that on the tier1-2 exchange we will be able to break through the resistance of the phyb 0.362 and fly into the space.
Elonmusk
Doge Coin – High Risk, High RewardTLDR:
DOGE has been in a downtrend since May 2021.
Overall DOGE’s price depreciated more than 90% since its ATH to its current value of 0.0619 USD.
Although the chart looks bearish, I have some reasons to be optimistic about DOGE’s chances of future recovery (Twitter).
This is a Degen play, not something to bet your house money on.
DOGE Coin Long Term Chart Analysis
If we examine the DOGE chart on the weekly timeframe, we can see a steady downtrend. DOGE’s downtrend has lasted more than two years.
A closer look at the chart reveals a Descending Triangle within a Descending Triangle.
Surprisingly, the Descending triangle broke to the upside and generated a 167% price appreciation.
DOGE remained within the larger Descending triangle but now it is forming a Falling Wedge.
The target of this Falling Wedge is a 125% price increase.
We do not know if and when DOGE will break out to the upside, much less if the breakout will generate much profit. A breakout of the weekly RSI line resistance could be a clue but by then a lot of profit could be already made.
This idea is far from certain. My approach is to buy a small bag and just sit on it until 2025. If it works-great, if not- also great. This a taco money trade. I don’t think that DOGE justifies more than that until it proves it has what it takes to break the downtrend.
Trade Idea:
Entry: 0.05 USD (wedge support line)
SL: 0
Target:0.34 USD
TP: 0.16, 0.34 USD.
🚘 Elon Musk Presidential bid Bullish For Tesla?We have a very aggressive uptrend on the Tesla (TSLA) stock.
This weekly chart allows room for additional growth but once the move is ongoing is really hard to tell.
It is easy to predict the reversal as we did in early January 2023 but it is hard to predict the continuation.
Reading the chart is also easy so let me tell you what I see.
1) Volume is super good and rising.
2) The RSI is super strong and has room available for additional growth.
3) Chart structure is bullish.
4) Fib. extension calls for more.
#1 Is the initial bullish move.
#2 Is the corrective phase.
#3 Is the resumption of the bullish wave...
Sounds familiar?
Bitcoin & the Cryptocurrency market is set to follow and grow.
This chart is the confirmation.
Elon's Musk presidential bid is bullish for this stock.
Namaste.
Dogecoin - pumpDogecoin did not pump due to the change made on twitter by Elon Musk.
The real reason is that Dogecoin has completed the daily accumulation cycle. We can see how the daily resistance level was broken and retested, and the 4-hour target was reached, from there we can see a rejection. In the next period we can expect a test of the daily rangetrend.
TSLA to Hit $300 from momentum and uptrend line.TSLA has a lot of momentum atm and can hit $300
The current valuation of TSLA is below what the value should be. There is potential for TSLA to be in the $450-$500 range by the Fall
Short Term Play:
Buy a $275 Call Exp: 6/16 - Close on 6/15 or 6/16
Buy a $290 Call Exp: 6/23 - Close at TP:$300+
Long Term Play:
Buy a $400 Call Exp: 11/17
BTCUSDT 27500 SHORT. Bitcoin! It's the calm before the storm! Bitcoin!
Bitcoin! It's the calm before the storm! The bad news. The Cross of Death. The price is below 100MA!
The problems with Binance and Coinbase are just beginning!
We can see on the chart that Bitcoin's price is in the short zone.
We are below the 100 MA.
Today's trading level is 27500 below short, above long!
We also have the moving averages drawing a Death Cross.
Take a look at the history.
Before the Death Cross, Bitcoin is usually down 30%.
While bitcoin is below 27500 trade short on the short list.
BUYSELLSTYLE trading levels at 0706
Long
ETH 1918
BNB 299.5
BGB 0.4911
MX 3.50
BIT 0.4971
LTC 91.47
AVAX 15.06
ETC 17.68
NEAR 1.53
KAVA 1.227
XLM 0.0902
NKN 0.1187
ICP 4.525
WOO 0.2315
HBAR 0.0499
UNFI 4.287
Short
ETH 1778
BNB 272
BGB 0.4313
MX 3.20
BIT 0.4711
LINA 0.01366
MATIC 0.7896
ADA 0.3365
GALA 0.02705
IDU 0.3514
DOT 5.11
MANA 0.448
TRX 0.07681
WAVES 1.664
ALGO 0.1310
AUDIO 0.21
ONT 0.1957
CELR 0.01774
FLOW 0.642
XEM 0.0292
LQTY 1.023
COTI 0.0593
Guide
BTC 27500 Above long. Below short.
BTC 25810 Avalanche
BTC 28477 Rocket
ru.tradingview.com
DOGECOIN - Big Move Coming!We can see that Dogecoin is giving us a perfect example of an impulse. We are currently in wave 4 and looking for a breakout. For confirmation, we are waiting for the break of the red trendline.
Trade Idea:
- Watch for breakout using the red trendline as confirmation
- price to stay above blue structure = invalidation level below blue structure
- Targets: 0.75, 1, swing target 4
Goodluck and as always, trade safe!
BTCUSDT 27524 Long! Let's break through 50MA 1D and fly to 33000Bitcoin is being pushed into the bull zone!
The price is being pushed above 50MA!
Going above 50MA (28146) and breaking through 28447 will open the way to 30036 and 31000 levels!
Then the stop cloud is activated and the first target is 32390!
Profit to all!
Trade BuySellStlye levels!
Trade with us, trade better than us!
TSLA: 65% drop post split. $90 possibleHappy 2023 everyone, and thanks for supporting the channel.
Looking at TSLA on the weekly timeframe we see that the price of TSLA is now inside a new descending/downtrending channel.
The price of TSLA is currently trading below the 200 week EMA (Bearish sign), The RSI is in the oversold territory (Bullish sign), and we have a doji candle formation on the weekly timeframe which still can change before weekly closes.
We have an accumulation zone from $110 To $168 which looks similar to the accumulation I saw back in August 2020-November 2020. Hopefully this doesn’t last as long.
The Fixed ranged volume profile provides us with a point of control at $180. This is also where we have FIB golden pocket.
Looking to see a confirmed doji candle on the weekly timeframe before believing the bottom is in. Otherwise I believe the bottom for TSLA can easily be the August 10 2020 low at $90.
If the bottom is in then I am looking forward to see how the price reacts at 200 EMA and the $180.
I am long term bullish but I love buying as lonq as possible. Defiantly will not be surprised if we go below $100 and I'll buy more.
Thanks for reading, and Stay tuned. Please share your thoughts and comments.
Dogecoin Chart Pattern Suggests Volatility Explosion AheadDogecoin (DOGE), the meme cryptocurrency known for its wild price swings, has experienced an unusual period of calm this year, lagging behind the performance of Bitcoin (BTC) and Ethereum (ETH). However, a technical analysis with the Bollinger bandwidth indicator suggests that this tranquility may soon come to an end.
Understanding Bollinger Bands: A Tool to Assess Dogecoin's Volatility
The Bollinger bandwidth is a tool that illustrates periods of varying volatility relative to price movements. It is calculated by dividing the spread between the Bollinger bands by the 20-day simple moving average (SMA) of the cryptocurrency's price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day SMA average.
When the distance between the two bands widens and the bandwidth increases, it indicates a period of rising volatility. Conversely, when the bands contract and the width narrows, it signifies a lull in volatility. An unusually wide or high bandwidth suggests that the current bullish or bearish trend is approaching its end, while an abnormally low bandwidth indicates that the market is on the verge of a significant move in either direction.
Recent data shows that Dogecoin's daily chart has experienced contracting Bollinger bands, resulting in a bandwidth of 0.06, the lowest level since February 2019. This suggests that Dogecoin could soon experience a surge in volatility, as the bandwidth has a tendency to alternate between expansion and contraction.
It's important to note that this anticipated volatility explosion is independent of price direction, meaning that the significant move can be either bullish or bearish.
Looking Ahead: As Dogecoin prepares for a potential volatility spike, traders and investors should remain vigilant and be prepared for a pronounced price swing in the near future.
TSLAPossible scenarios 200MA above will act as resistance along with trendline, however if markets continue the "buy the dip" regime were currently in this gets explosive on the road to ATH with pit stops at 207, 217, 237, 275. Interesting inverse H&S showing up while buyers appear to be stepping in (increasing volume)
SUPER BULLISH Dogecoin: Latest News😺Hi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
Philanthropist and Entrepreneur Elon Musk has been mentioning his intentions to migrate Twitter over to the " X " app or, the Everything app. He has also mentioned that Dogecoin will be used as a payment method. This is bullish for DOGEUSDT as it will increase demand and market cap for the altcoin.
We also take a quick look at the macro cycle, we're currently in accumulation zone where whales are building up their bags. The technical indicator CryptoCheck START v3.5 should give a good estimate on when the price starts rising when it calls a BUY in the weekly timeframe.
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tesla---> short positionhello guys...
after the Tesla reached the MPL that it had formed on the flag (or support/resistance switch), start a downward movement.
after that formed a double top pattern and confirmed it lately!
so you can get short positions at the beginning and end of the gap!
I recommend two targets area!
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always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Tesla Local Bottom- Sound like an easy setup.
- keep it simple.
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Trading Part
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- Buy 125$ ( 25% invest ).
- Rebuy 100$ ( add 75% invest ).
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- TP : 195$
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Happy Tr4Ding !
Update on my earlier ideas on Bitcoin. For context : read my ideas past ideas on the relation between BTC - eclipse and Elon musk.
Notice how the -solar eclipse- was at 20-4 "Elon's fav number"
2/4/2023 :Before the eclipse Elon tweeted a picture of a rocket launching upside down the background was -day light / sunny-
30/4/2023 : Before the COMING Lunar eclipse around 4-6 may. Elon tweeted a picture of AGAIN a crashing downwards rocket/something. The background was -night/moon-.
Interesting is that this exact period when many important FED events and decisions will take place.
I quote Elon:" the most entertaining/ironic outcome is the most likely. As seen from an external observer, not the participants."
Interesting times ahead!