Altcoin Whales

Forwarded from 𝗔𝗥𝗧𝗘𝗠 𝗖𝗥𝗬𝗣𝗧𝗢 | ARSHEVELEV

🐶 Is Dogecoin Mirroring Stellar's 2017 Rally? 🕯

I’ve spotted an interesting pattern that Dogecoin (DOGE) seems to be following — almost identical to Stellar's (XLM) 2017 run!

🔍 Here's What I Noticed:
⏩ In 2017, Stellar hit an ATH, declined into lower highs, moved through an accumulation phase, formed a wedge pattern, and then rocketed to new highs in 2018.
⏩ Now, DOGE's chart shows a similar pattern: ATH in May 2021 ➡️ Decline into lower highs ➡️ Accumulation zone since mid-2023 ➡️ Wedge formation in 2024 Q1-Q2.
⏩ Even the moving averages on both charts behave in nearly the same way!

💡 What Could This Mean? This setup could indicate that DOGE is bottoming out and might be on the verge of a massive breakout.
However, remember — anything can happen! It's vital to manage risks and protect your capital. A simple rule: don’t risk more than 1% of your capital on a single trade.

🤔 What’s your take on this? Could DOGE be gearing up for a Stellar-like rally?

If you found this analysis interesting, give it a 👍 and follow for more updates!

https://www.tradingview.com/chart/DOGEUSD/13ay72us-DOGECOIN-2024-A-Massive-Breakout-Coming/

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DOGECOIN 2024 — A Massive Breakout Coming? for CRYPTO:DOGEUSD by ArShevelev — TradingView

Hello, fellow traders! I'm excited to share an intriguing analysis with you today. Let's explore how Dogecoin DOGEUSD might be following in the footsteps of Stellar's XLMBTC remarkable 2017 bear market and 2018 bull run.

By comparing historical charts of…

www.tgoop.com/altcoinwhales/10849

446 viewsArtem, Sep 18 at 16:16

🐶 Is Dogecoin Mirroring Stellar's 2017 Rally? 🕯

I’ve spotted an interesting pattern that Dogecoin (DOGE) seems to be following — almost identical to Stellar's (XLM) 2017 run!

🔍 Here's What I Noticed:
⏩ In 2017, Stellar hit an ATH, declined into lower highs, moved through an accumulation phase, formed a wedge pattern, and then rocketed to new highs in 2018.
⏩ Now, DOGE's chart shows a similar pattern: ATH in May 2021 ➡️ Decline into lower highs ➡️ Accumulation zone since mid-2023 ➡️ Wedge formation in 2024 Q1-Q2.
⏩ Even the moving averages on both charts behave in nearly the same way!

💡 What Could This Mean? This setup could indicate that DOGE is bottoming out and might be on the verge of a massive breakout.
However, remember — anything can happen! It's vital to manage risks and protect your capital. A simple rule: don’t risk more than 1% of your capital on a single trade.

🤔 What’s your take on this? Could DOGE be gearing up for a Stellar-like rally?

If you found this analysis interesting, give it a 👍 and follow for more updates!

https://www.tradingview.com/chart/DOGEUSD/13ay72us-DOGECOIN-2024-A-Massive-Breakout-Coming/