|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Veteran Trader Peter Brandt Says Dogecoin (DOGE) Is Set for More Upside Price Action After Printing a Textbook Breakout Pattern
Sep 29, 2024 at 05:15 pm
Brandt tells his 741,000 followers on the social media platform X that DOGE is in the middle of breaking out from a nearly seven-month-long downward channel.
Veteran trader Peter Brandt says that Dogecoin (DOGE) appears poised for further upside price action after printing a classic breakout pattern.
According to Brandt, the meme coin is in the midst of breaking out from a seven-month descending channel.
The trader also notes that DOGE looks bullish on the longer-term time frame. He shares a chart suggesting that DOGE found strong support at the $0.05 level during the bear market and is preparing for another leg up after cooling off from its breakout in March.
“Channel breakout in DOGE/USDT
Longer-term chart could be constructive as well
Get along little doggie.”
At the time of writing, DOGE is trading at $0.129, up nearly 4% on the day.
As for Bitcoin (BTC), Brandt says he's still not convinced that the crypto king has exited a six-month bearish sequence of lower highs and lower lows. The trader believes that Bitcoin will only witness a bullish shift in market structure if it soars above $70,162.
“Bitcoin (BTC/USD) continues to be in a sequence of lower highs and lower lows. Only a meaningful close above the Jul highs would change this sequence and officially complete the six-month expanding triangle.”
At the time of writing, BTC is trading at $65,820, still below the July highs that Brandt considers crucial.
Don't Sell the Top or Miss the Bottom – Getازمادة خفيفة وممتعة حول العملات المشفرة كل يوم اثنين
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin (BTC) Nears $70K as Focus Shifts to Labor Market, ETH Navigates Mixed Signals
- Sep 29, 2024 at 09:00 pm
- Bitcoin (BTC) is edging closer to the $70,000 milestone after retesting $66,000 on Friday. This comes after a softer-than-expected reading from the U.S. Federal Reserve’s preferred inflation measure—the Core PCE Index (Personal Consumption Expenditures).
-
- Former Chinese Finance Minister Lou Jiwei Urges Policymakers to Examine Crypto Advancements
- Sep 29, 2024 at 09:00 pm
- During a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei urged China to closely examine advancements in cryptocurrency.
-
- Bitcoin (BTC) Climbs Above $65,000, Eyes $70,000 Next; Ethereum (ETH) and Ripple (XRP) Await Their Moves
- Sep 29, 2024 at 09:00 pm
- The cryptocurrency market has been buzzing with activity, led by Bitcoin (BTC) surpassing the $65,000 mark. Ethereum (ETH) is showing signs of an upcoming rally, while Ripple (XRP) finds itself stuck in a range, struggling to break out. This article will dive into what the future could hold for these top three digital currencies.
-
- Cardano (ADA) Price Analysis: TD Sequential Indicator Flashes Sell Signal, Suggesting Upcoming Correction
- Sep 29, 2024 at 08:30 pm
- ADA has exploited the cryptocurrency market rebound following Fed rate cuts last week. Since hitting a local low of $0.303 earlier this month, ADA has maintained an upward momentum.
-
- Lunex Network (LNEX) Emerges as a New DeFi Competitor as Tron (TRX) and Ethereum (ETH) Battle for Dominance
- Sep 29, 2024 at 08:25 pm
- With its unique cross-chain feature, Lunex Network is set to change the status quo of the crypto exchange market. Experts project that Lunex Network could quietly rise to prominence while Ethereum and Tron battle for dominance in the DeFi market.