Dogecoin just printed a LEGENDARY signal😦. The first one since 2020
Dogecoin just printed a legendary signal, the first since December 2020. In this post, I'm gonna try to explain what it is and what you should do about it right now. If you're new to my account, just click on the follow button to get to read posts like this from time to time🙂. Before we proceed, I just wanna make things clear and put a disclaimer out here. I am not a financial advisor, nor do I wanna be one. Everything I post here are majorly for educational purposes as well as for fun. Thank you🙂
Let's get to it... Right now we're in the weekly chart and doge just printed this beautiful blue circle 🔵. What is it? 🤔 This is Miners Capitulation- Hash Ribbon. It's a very big buy signal. However, we can see that this is the second time it's been printed lately on the weekly. We had that few weeks back. Perhaps due to Elon Musk's tweet or something. So what's so Legendary here?
On the monthly, it's clear on what's happening. I think I'm gonna write another post on Bitcoin to show what triggered this actually😎. The blue 🔵 signal was printed after the monthly close which indicates a massive buy incoming. The last time this was printed was I think Tuesday 1st of December 2020 which was the pivot point where the last bull market started. I'm not saying we're going to have the same rally this time around but this is sensational. Looking at the price at the printing of this signal (around $0.0026) to the top of the bull market (around $0.77)😦. That's absolutely insane, more than a x200. With the current price $0.09,that'd put Dogecoin at around $9😂. I know this look like a pipe dream. Yes there were many reasons why Doge pumped that much in the last bull run and the majority was due to Elon Musk and many social media influencers and celebrity shilling it. Now that Elon owns Twitter, this could be your biggest investment opportunity in the next bull market cus Crypto Twitter is going to go nuts when the ATH breaks🙂.
My realistic price prediction for Dogecoin
I'm just going to stick to the facts in the chart. With the massive supply of Doge out there, I think the market cap will look unbelievable at $9😂. With all the hype and everything, I think realistically, Doge will touch $2.8 at most in the next cycle😎. Tell me your price prediction in the comment section 🙂... And do have a terrific weekend ahead, I'll catch you on the next one ✌.