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Will Dogecoin's Price Soar Again with a 36,000% Rally in 2021?## Dogecoin's Next Bull Run: A Technical Analysis Dogecoin (DOGE), the cryptocurrency that began as a joke, has shown remarkable resilience and growth over the years. After a meteoric rise in 2021, DOGE experienced a significant correction. However, recent technical analysis suggests that the coin may be poised for another substantial rally. **The Pennant Formation** A pennant formation is a bullish technical pattern that often precedes a significant price breakout. It's characterized by a period of consolidation within a narrowing price range, followed by a sharp upward movement. Technical analysts believe that Dogecoin has formed a pennant pattern on its chart. This pattern, combined with other bullish indicators, suggests that DOGE could be ready to break out and potentially retest its all-time high or even surpass it. **Factors Fueling Dogecoin's Potential Rally** Several factors could contribute to Dogecoin's potential rally: 1. **Elon Musk's Influence:** Elon Musk, the CEO of Tesla and SpaceX, has been a vocal supporter of Dogecoin. His tweets and endorsements have often led to significant price surges. Any positive news or actions related to Dogecoin from Musk could trigger a buying frenzy. 2. **Memecoin Mania:** Dogecoin, as one of the original memecoins, benefits from the overall popularity of memecoins. The recent success of other memecoins has renewed interest in Dogecoin and could drive its price higher. 3. **Growing Community and Adoption:** The Dogecoin community continues to grow, with increasing numbers of people using the coin for transactions and tipping. As adoption grows, so does the demand for Dogecoin. 4. **Exchange Listings and Institutional Interest:** More and more cryptocurrency exchanges are listing Dogecoin, making it easier for investors to buy and sell the coin. Additionally, some institutional investors have expressed interest in Dogecoin, which could further fuel its price appreciation. **Potential Risks and Challenges** While the technical analysis and bullish sentiment are promising, it's important to acknowledge the risks and challenges associated with investing in cryptocurrencies: 1. **Market Volatility:** The cryptocurrency market is highly volatile, and Dogecoin's price can fluctuate significantly in a short period. 2. **Regulatory Uncertainty:** Regulatory uncertainty can impact the price of cryptocurrencies. Changes in regulations can create volatility and uncertainty in the market. 3. **Competition from Other Memecoins:** The emergence of new memecoins could divert attention and investment away from Dogecoin. 4. **Technical Issues:** Technical issues with the Dogecoin network could negatively impact its performance and price. **Conclusion** Dogecoin's potential for a significant price rally is fueled by a combination of technical analysis, strong community support, and the influence of key figures like Elon Musk. However, it's crucial to approach any investment in Dogecoin with caution and a long-term perspective. As with any investment, it's essential to conduct thorough research and consider consulting with a financial advisor.
Long
by bryandowningqln
AMN Healthcare Services, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # AMN Healthcare Services, Inc. - Entry Bias 1 & Entry Bias 2 | Multiple Pattern Mark Up - Triangle Structure | Rectangle Subdivision | Downtrend Continuation - Pennant Structure | Awaiting Target - 12345 | Support=0 & Wave 3&4 | Failed Target Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:AMNShort
by TradePolitics
Bitcoin can exit from pennant and rise to new ATH (98K points)Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price rose from 75750 points to 81000 points and then made a little correction. After this, the price made a strong impulse up to the 87700 support level. Also then price started to trades inside the pennant, where it later broke the 87700 level and then tried to grow more, but failed and some time traded between this level. Then BTC bounced from the buyer zone and rose to the resistance line of the pennant, after which at once turned around and made a correction back to the buyer zone. Next, prices not long time traded in this area and later continued to move up inside the pennant. Soon, the price reached the support line of this pattern, and continued to move up near this line and some time later BTC rebounded from this line to the resistance line. A not long time ago, the price turned around and made a small correction, after which in a short time, it backed up. At the moment, the price trades near the resistance line of the pennant. So, I think that BTC can fall to the support line and then rebound up higher than the resistance line, thereby exiting from the pennant pattern. Also, I expect that then price will continue to grow, therefore I set my TP at 98K points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
APT Long Sl -12.2%APT Long Setup Reason: Bullish Pennant has been observed. Resistance level has been already Broken. Before this big move, expecting liquidity to be grab and also retesting the support level. Fibonacci level yet to be test near the support area LTF Suggesting bearish move for short term, overall structure is still bullish. We will wait for all possible liquidity to be taken first from the market then will enter. Best Regards, Crypto Panda BINANCE:APTUSDT BYBIT:APTUSDT.P KUCOIN:APTUSDT MEXC:APTUSDT
Long
by The_cryptopanda
Measured move for DOGE? Or more crabbing/fakeouts?The more I look over the DOGE charts, the more of a DOGE bull I become! This looks like it's winding up very nicely into a bull pendant- a much more predictable bull pendant than any of the weird crap the BTC perps chart keeps throwing out. It's almost like there are government/enterprise traders who know exactly how far they need to dither each candle to shake out retail traders, just in time for more ETF news... I'm liking DOGE a lot more.
CRYPTO:DOGEUSDLong
by mineyourbiz
Bearish Continuation with Potential Reversal!OANDA:XAUUSD 4H Chart Current Price: 2563.200 Descending Channel: A bearish pattern where price moves between two downward-sloping parallel trendlines, with the upper trendline acting as resistance and the lower trendline as support. This indicates sellers are in control, pushing the price lower with each rally. Bearish Continuation Pennant: A chart pattern that forms after a sharp decline, followed by a small symmetrical triangle. It indicates a pause in the downtrend before the price continues lower, with sellers in control. A breakout to the downside confirms the continuation of the bearish trend. RSI Bullish Divergence: RSI Bullish Divergence occurs when the price forms lower lows, but the Relative Strength Index (RSI) forms higher lows. This indicates a weakening downtrend and suggests that the bearish momentum is slowing, potentially signaling a reversal to the upside. Key Levels: • Strong Pivot: 2578.125 • Ultimate Support: 2500.00 • Major Resistance: 2656.379 Outlook: After analysing, we can see that the price has been rejected multiple times from Strong Pivot at 2578.125, and has formed a Bearish Continuation pattern. Since the RSI is below the 50 line, it is still considered bearish territory, so the price is most likely to drop to the Ultimate Support (psychological level). Then, we expect the RSI Bullish Divergence to show its effect and push the price back to the Strong Pivot (2578.125). After a breakout of this level, we expect the price to reach the Major Resistance at 2656.379. Happy Trading
OANDA:XAUUSD
by SpicyPips
1
XRP/USDT: Bull Pennant Signals Big Moves Ahead!!Hey everyone! If you’re enjoying this analysis, don’t forget to hit that 👍 and follow for more updates—it keeps the momentum going! 🔥 XRP is Building Momentum! 🔥 The charts are lighting up as XRP forms a bullish pennant on the 1-hour time frame, signaling a potentially explosive move. It’s currently trading within the pennant, offering a prime accumulation zone for those ready to ride the wave. 🎯 Trade Setup: 📌 Entry Range: CMP and add more up to $1.02 📌 Targets: 100%-120% gains 🚀 📌 Stop-Loss: $0.99 📌 Leverage: 2x-3x (Low risk, high reward) This setup screams bullish momentum for XRP, with the potential for major gains ahead! 💬 What’s your take on XRP’s setup? Drop your insights and analysis in the comments below, and let’s capitalize on this opportunity together!
Long
by CoreCrypto1
Updated Ascending Triangle!I wanted to update everyone following the TA on GME. It looks like yesterday's sideways movement has widened the Ascending Triangle on the 1-hour chart, which was expected due to the Cup & Handle formation on the daily chart. This sideways movement has now set up the handle on the daily chart and makes for a much larger breakout than anticipated. Here's the latest development: Along with the widening of the hourly Ascending Triangle, the 4-hour pennant breakout has now formed a second small pennant, which also makes up the handle for the Cup on the daily chart. Additionally, GME is still in the middle of a Bull Flag breakout on the Weekly chart, on top of a Golden Cross! Here's the current breakdown: 1-hour chart: Ascending Triangle 4-hour chart: (New)Bull Pennant Daily chart: Cup & Handle Weekly chart: Bull Flag + Golden Cross I've never seen a setup quite like this before. The breakout across all timeframes is going to be something special for sure. I'm just counting down the days until these patterns breakout across all timeframes. For those following this for the first time, here's some exciting historical context: The last time GME had a Golden Cross on the weekly chart was back in January 2021, and GME saw a 12,000% move in just 183 trading days. Don't blink—we are right around the corner from history in the making! ✌️
NYSE:GMELong
by impossiblebull
1
Bitcoin can exit from pennant, after which starts to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price rose inside the upward channel, where it soon reached the buyer zone, which coincided with the support level. Later, BTC broke this level and rose to the resistance line of the channel, but then it turned around and made a correction movement to the buyer zone. In this area, the price rebounded from the support line of the channel and started to grow, so, in a short time it broke the 68800 level again and then exited from the upward channel. Next, BTC continued to move up inside the upward pennant, reaching the support line and rebounding higher. Later, the price reached the current support level (86600) which coincided with the support area, and soon broke this level, after which rose to to resistance line of the pennant. Then it made a correction movement to the support area, after which turned around and rose back to the resistance line of the pennant. Now, the price continues to trades near this line and I think that BTC can exit from this pattern and little grow more. After this, the price can turn around and start to decline to the 86600 support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
10
NioCorp Developments Ltd. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # NioCorp Developments Ltd. - Rectangle | Hypothesis Entry Bias - Double Bottom | Secondary Range Entry - Pennant Structure | Invalid Target - Retracement 1&2 - Awaiting Target | Rectangle Hypothesis Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
NASDAQ:NBShort
by TradePolitics
Euro can exit from pennant and rise to 1.0700 pointsHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price some days ago entered to range, where it at once fell to the resistance level, which coincided with the bottom part of the range. Then price bounced and in a short time rose to the top part of the range and some time traded near, after which it turned around and started to decline. In a short time price broke the 1.1005 resistance level, exited from range, and continued to decline inside the downward pennant. In this pattern, the EUR reached its current resistance level, which coincided with the seller zone, and then started to grow. Price rose to the resistance line and then made impulse down. Euro broke the 1.0760 level, but tried to back and failed, after which continued to decline to support line of the downward pennant. When the price reached this line it a not long time ago rebounded and now, I think that the Euro can exit from the pennant, make a retest or not, and continue to move up. For this case, I set my TP close current resistance level, at 1.0700 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
15 min Pennant has now transitioned into an Ascending Triangle! Hey everyone! Just wanted to give you an exciting update for those tracking the Bull Pennant on the 15-minute chart. As of today, it looks like the Pennant has transitioned into an absolute textbook Ascending Triangle! Here's the breakdown of what we have across all timeframes as of today, 15-minute chart: Ascending Triangle, 4-hour chart: Bull Pennant, Daily chart: Cup & Handle, Weekly chart: Golden Cross Bullish patterns are lighting up across all timeframes, perfectly aligning with the recent surge in institutional buying. Given all this, I've never been more bullish on GME than I am right now. We are on the brink of making history!
NYSE:GMELong
by impossiblebull
1
PEPEUSDT Pennant Breakout: Ready for Lift-Off? BINANCE:PEPEUSDT has just broken out of a bullish pennant formation, hinting at a potential strong upmove. Recently, it formed an inverse head and shoulders pattern that led to impressive gains, and now, with this breakout, we could see a similar rally. This setup mirrors BINANCE:DOGEUSDT ’s previous path, suggesting a possible bullish follow-through. As always, trade with caution. Set your stop loss to manage risk and make the most of this opportunity safely. Trade smart, and let’s see where BINANCE:PEPEUSDT takes us! OKX:PEPEUSDT.P trading at $0.000011 Buy level: Above $0.00001 Stop loss: Below $0.0000077 TP1: $0.000013 TP2: $0.000017 TP3: $0.000025 TP4: $0.00005 Max Leverage 2x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
3
GME 15 min Bull Pennant Watching the 15 min on GME, and it seems that it has formed a pretty substantial Bull Pennant on the 15 min. This comes just after the Cup & Handle breakout earlier this week. We can also see that, the Ultimate RSI has Oversold, while setting a higher low withing the Pennant. I believe that once this Pennant starts to breakout, GME is going to stretch into the 30s, and with no current supply above $29, this may very well see it's way into the $60s real quick. This is only the 15 mind you. We still have a much larger Pennant on the 4hr, another Cup & Handle on the 1 day, and a Golden Cross on the weekly. Pretty much every timeframe is showing a bullish pattern right now. If you ask me, I would say it's go time. Remember, the last time GME broke out from a Golden Cross on the weekly, was back in July of 2020 and lasted until Jan of 2021. And we saw a 12,000 percent run over the span of 6 months. If you're currently short, you better say a prayer. To everyone else, let the games begin! 🤙
NYSE:GMELong
by impossiblebull
1
Bullpennant on 3month logchart for ETH has outlandish targetsIf we went just by the triangle portion of the pennant breakout target, that can take ethereum to 20k. This is potentially a possible target that can be hit during the current bullrun, the second higher target in the 200 thousands is for the entire pennants breakout target. Seems way less likely we can hit that target this bull run but is perhaps not improbable to reach by the bull run after this. Then again, if PlanB’s scenario for bitcoin to somehow reach a million before 2026 actually somehow came to fruition, then the full target of this pennant being reached this bull run would suddenly have some slight probability of happening. You can see here on this chart that to get to Ethereum’s current all time high we basically broke upward from a pennant prior to the current one we are in and the breakout target for that pennant’s triangle portion was just slightly lower than eth’s current all time high. The current pennant’s 20k target for it’s triangle portion only is actually very close to the previous pennant’s full pennant target…so essentially by reaching the current pennants triangle breakout target this bull run we would reach the full target of the the previous pennant breakout from last bull run, making it take 2 bull runs to reach the full target of the previous pennant. This makes me believe in order to reach the full 200k+ target of the current pennant we are in it will likely not occur until the next bull market after the current one. However if PlanB’s million dollar bitcoin before 2026 scenario were to actually play out that would be the one condition where we could see the current pennant reach its target in the current bull run. I know it sounds outlandish and highly unlikely so for now I’ll put that at a very low probability, but a low probability is still better than an impossibility. *not financial advice*
COINBASE:ETHUSD
by DrDovetail
GOLD - Price can reach resistance area and continue to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price moved up inside rising channel, where it broke $2725 level and later made a gap. After this, price rose to resistance line, turned around, and bounced down to resistance area, exiting from channel. Then price started to trades in pennants, where it traded near resistance area and then reached resistance line of this pattern. Gold bounced from this line and made downward impulse to $2660 level and then bounced up to $2710 points. Later price started to decline and in a short time declined to support line of pennant and recently broke it with $2660 level. In my mind, Gold can reach resistance area and then continue to decline to $2600 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
6
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. Some time ago price declined below a support level, thereby breaking it, and started to trades inside the support zone. Later prices declined from this area lower, but soon turned around and backed up to the 2650 level, making a gap and breaking this level. Next, the price made a retest and continued to move up to the resistance level, which coincided with the resistance zone. After Gold reached this level, the price some time traded between this level, and last time it broke the 2735 resistance level, made a second gap, and continued to move up. Some time later price reached the trend line and then started to decline inside the pennant. In this pattern, the price first fell to the 2735 level, and then broke it, after which made impulse down to the support level. A not long time ago price rebounded from this level and now the XAU rise. So, I think that XAUUSD will reach the trend line and then start to decline to the support level, thereby exiting from the pennant. For this case, I set my goal at 2650 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
14
GOLD - Price can reah resistance level and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price grew inside rising channel, where ot fell to support area and then bounced up, breaking $2500 level. Then price rose in channel to $2605 level, exited from rising channel, and started to trades inside flat. In flat, Gold rose to top part and then made a correction to $2605 support level, after which bounced up. Price exited from flat and continued to grow inside pennant, where it rose to resistance line, breaking $2710 level. But recently, XAU turned around and made downward impulse, exited from pennant, and broke $2710 level one more time. Now it growing and I think Gold can reach resistance level and then fall to $2605 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
5