SPOT THE DIFFERENCE: Real vs RUG📈📉Hi Traders, Investors and Speculators of Charts📈📉
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves.
With crypto scams rampant, it's easy to get mixed up in a scam coin whose ultimate goal is a liquidity drain (slow, stair-step bleed down). Here's my top advice to avoid diversifying into bad projects / scams:
- Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper, twitter account and website. You want to see the background, goals, strategy and timeline for implementation for any blockchain-related project. This can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may que that they lack a professional and qualified team and the website was built by someone's cousin's brother.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept.
- Note the name. I can't stress this enough. Baby Doge, Baby Shib, pizza coin, bulldog etc... These are all coins that are obviously meme coins and you can almost expect to be rugged if you buy into a coin with a weird or funny name.
Final Rule of thumb : Always be CAUTIOUS when investing in projects that have retraced more than 90% from its ATH.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BINANCE:DOGEUSDT BINANCE:DOGEUSD BYBIT:BABYDOGEUSDT MEXC:BABYDOGEUSDT
Memecoin
#DBI about to embark on it's recovery $2M Marketcap
*lotto money only*
But upside should be quite explosive
This chart is versus #WETH
PolyDoge review (memecoin)First of all, I think it's important to point out that I don't invest in meme-coins and I don't see any value in it.
This is just an analysis with a more humorous and entertaining content, which I did in my free coffee time.
I would never put my life savings in such a place...
Asterisks aside, let's get to the analysis.
A brief introduction
PolyDoge is a memecoin token contained on the Polygon blockchain. It offers an ecosystem of NFTs, Dapps and airdrops.
Source: Polydoge website
Price analysis
Price is above a diagonal support line.
If I were to position myself on this, I would aim for a profit of at least 40% touching the diagonal resistance line.
Looking at a lower timeframe, we could place a tighter stop or target:
"There is no expensive stop, what exists is bad risk management".
$GRIMACE: yet to be historical s##tHello, dear community!
$GRIMACE is $80 now. I think I nailed my previous forecasts here . Now its time to set new targets.
I'll be brief and to the point today because everything from the last idea is relevant, only new targets are have to be determined.
Today there was a slight correction accurate to .618 Fibo level. Now the price starts to consolidate between $75-85. If we set Fibo extension, we`ll get targets at $ 114/143/190. About x2.5 short-term potential.
Long-term? The same as in previous idea, $1000 per 1 Grimace.
Good luck 👾
PEPE is ready to increase at least ➕10%🚀🚀🚀PEPE is moving on the 🟢 support zone 🟢.
According to Elliott's wave theory, PEPE started to form 5 downward waves after losing its uptrend line.
🔔I expect wave 5 to finish at the 🟢 support zone 🟢 and PEPE to grow at least ➕ 10% 🚀🚀🚀.
Pepe Analyze ( PEPEUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$GRIMACE: for those who skipped DOGE, SHIB, PEPE and other memesHi everyone! Starting Reposting my first TV idea (and probably the last one because this trade has lifechange potential). The first edition of it was removed because I put a link in it. The idea has become clearer tho. Please, welcome our dear BRO $Grimace 💜
🧐 CEO of the project is Odyssey, CIS crypto influencer and good guy, and the creation story comes from the tweets by Elon Musk and mcDonalds on Twitter . We all know Musk as a fan of pumping something, but at that moment there were no Grimacecoin. But there is now 😏
📈 Let`s look at the chart. From the beginning of August, we have wide consolidation phase in which support level of $23 was succesfully tested multiple times. Now support level is $25.8 where the biggest volume profile is (after long accumulation below $5).
📈 Now a pattern is being formed to continue the trend. In my opinion, the technical picture is beautiful: new accumulation is forming before breaking previous ATH. The rising trend is strong and crisp. And look at this growing volume – the sign of rising interest and an upcoming move. Also think this way: If any crypto like ETH, XRP or fkn FLOKI would have such a chart, how easy would it be to go long? 😏
*btw, Grimace is +1.5% while all crypto market is red. Something to consider?
🎯 Where are my targets? Because we are trading for not so long and near all-time highs, targets can only be set using the Fibonacci extension grid. According to it, the nearest targets from the current $25 are 40/54 (+45%/+97%). The next Fibo targets are 75/105/120, and CEO Odyssey sets his minimum target at $1 billion capitalization, which equals $1,000 per coin. But for now Im modest, and such goals did not fit on the screen 😏
🤔 I would also like to note that such meme-coins do not go after bitcoin (the bitcoin has a risk of a slight correction following the American indices). By the way, about similar meme-coins: at the peak, the capitalization of BINANCE:PEPEUSDT , meme-coins with signs of a scam (the contract parameters included the possibility of arbitrary blocking of wallets objectionable to the developer) reached $1.5 billion, and the growth was hundreds of thousands of percent (not to mention BINANCE:DOGEUSDT or BINANCE:SHIBUSDT , capped at $70 billion and $35 billion respectively). The capitalization of Grimace, coins with clean contract parameters, a lamp community and even a history of creation thanks to Musk and mcDonalds - so far $ 25 million. If this is not an underestimation, then what is an underestimation?
See you at $1000 for 1 Grimace 💜
🐸PEPE🐸 Analyze (Road Map)!!!🗺️(15 min)Hi everyone👋.
PEPE is moving in the 🔴 resistance zone 🔴.
🌊According to Elliott's wave theory , PEPE is completing the main wave 5 . (currently completing microwave 5 of main wave 5).
💡Also, we can see Regular Divergence(RD-) between wave 3 and wave 5.
🔔I expect PEPE to go UP to the upper area of the resistance zone and then start to FALL again and lose the uptrend line .
--------------------------------------------------------------------------------
🌐➕ Positive News ➕🌐:
Meme Coins PEPE and SHIB Rally Double Digits on the Week.
Analyst Predicts Potential Breakout For Pepe Coin With $1B+ Market Cap In Sight: 'Breakout Has Barely Started.'
Crypto Analyst Predicts Parabolic Run for Memecoin Pepe (PEPE), Updates Outlook on Dogecoin (DOGE).
🌐➖ Negative News ➖🌐:
Attention to PEPE is not the same as before.
--------------------------------------------------------------------------------
Pepe Analyze ( PEPEUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
HarryPotterObamaSonic10Inu Bitcoin"In the Enigmatic Billion-Dollar Realm of Memecoins, HarryPotterObamaSonic10Inu Reigns Supreme"
Amidst the labyrinthine landscape of meme-inspired cryptocurrencies, there exists a burgeoning billion-dollar market, and at the heart of it all, stands HarryPotterObamaSonic10Inu (Ticker: BITCOIN), a titanic force poised to dominate. With a bold vision and an unwavering commitment to innovation, BITCOIN is setting a course to outshine and outperform, firmly securing its place as the ultimate pinnacle in this resplendent realm.
The allure of memecoins has kindled an economic firestorm, with investments flowing like rivers into this captivating and often whimsical world. Among these digital treasures, HarryPotterObamaSonic10Inu reigns as a towering colossus, casting a shadow over its rivals and asserting its unassailable supremacy.
What sets BITCOIN apart is its audacious approach to forging new paths, redefining the boundaries of what a memecoin can achieve. This is no ordinary cryptocurrency; it's a canvas for innovation, a theater for artistic expression, and a wellspring of jubilation for its devoted holders. By fostering the creation of captivating meme content, BITCOIN doesn't merely entertain, but rather becomes a beacon of creative inspiration that radiates throughout the entire spectrum of the cryptocurrency universe.
Furthermore, BITCOIN's steadfast dedication to transparency and security solidifies its position as a true luminary within this economic galaxy. Renouncing ownership and steadfastly locking liquidity, BITCOIN is building an impregnable fortress of trust, reassuring its burgeoning community that their investments are safeguarded within the embrace of this extraordinary endeavor.
And the story doesn't conclude there. The pages of BITCOIN's tale are adorned with a tapestry of successful audits, an invaluable collection of NFTs, and strategic partnerships that underscore its determination to tower above the rest. With an exceptional website as its stage and the promise of an e-commerce platform that is unparalleled, BITCOIN is poised to transcend conventional limitations.
Yet, BITCOIN represents more than just an economic venture; it embodies a cultural phenomenon that unites individuals across the globe. It's an invitation to partake in a journey where cooperation, innovation, and the spirit of community flourish in harmonious symphony.
As we gaze into the future, our vision extends far beyond the present horizon. HarryPotterObamaSonic10Inu (BITCOIN) is not just a memecoin; it's a trailblazer, a harbinger of transformation, and an embodiment of the audacious spirit that drives us to ascend beyond the ordinary. In the sprawling expanse of the cryptocurrency cosmos, BITCOIN shines with a brilliance that is unparalleled, beckoning us to journey forth, exceed expectations, and embrace a future where the potential is as boundless as the imagination itself."
🔥 PEPE Falling Wedge: Patience For Break OutAfter topping around 190, PEPE has been trading bearish for nearly a month. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so we're going to wait for a bullish break out of the pattern.
My expectation is that we're still going down. The 115 area seems like a decent area for a potential bounce from the wedge's support. Once we've broken out, stop below the wedge, target at 190.
❗ WATCH OUT 👎 SCAMS & WORST Crypto's for 2023Hi Traders, Investors and Speculators of Charts📈📉
Many of these projects might come as a shock and be disappointing.
As the markets evolved and crypto regulation has taken a more prominent stance; scammers have had to become smarter. The latest trend seems to be a rug pull and then just let the rest of the project's liquidity bleed out. In other words, remain borderline active as they drain more and more funds over a longer time.
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves. When it comes to cryptocurrencies, one of the biggest challenges for investors is not getting caught up in the hype. Digital currencies have quickly risen to prominence in the portfolios of many retail and institutional investors. At the same time, people are still shocked when something like LUNAUSDT / TERRA happens.
📛 C+CHARGE / CCHG USDT 📛
Initially, the fundamentals sounded noble. But after some research, most members of the team are unverified and there has been no real project activity since late 2022. Apart from this, a coin that loses near 100% is ALWAYS a bad sign and indicates a rugpull, more than anything else.
📛 LUNC As seen on the chart / Terra Classic 📛
A noble rescue at first... TerraClassic community continues to create social media buzz based on the idea that brokerages listing LUNC will implement a burn tax that'll reduce the max supply of close to 6.9 trillion tokens. But even burning billions of coins won't have an impact with a max token supply this large.
The bigger problem is that TerraClassicUSD has de-pegged and its native coin Terra Classic no longer serves any purpose. With all blockchain work now revolving around the new Terra, Terra Classic and TerraClassicUSD are shell investments, with nothing to back their value.
📛 FTT / FTX Token📛
Why Kukcoin hasn't delisted this is beyond me... Te infamous token of the Sam Bankman Fried saga, more on it here:
📛BURGER / BURGER COIN 📛
. .. REALLY ?
📛 PIZZA 📛
AGAIN, really...
📛 Bitcoin Gold / BTGUSDT 📛
Bitcoin blockchain underwent a fork in 2017 called BTG. Although the fork was meant to produce a more decentralized form of Bitcoin, it has not been successful. BTG was created to address the issue of mining centralization in Bitcoin, but it has not been able to achieve its goal due to the emergence of specialized mining hardware.
Just DON'T. DON'T DO IT. Buy the real thing instead.
📛 PITBULL / PIT 📛
I'm letting the dogs out on this one.. That decimal is basically falling off my screen.
📛 BLUR / BLURUSDT 📛
__________________________
💭 All the above said. Let's discuss a few ways to navigate this wild west market:
- Research the team . Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. Check out their Twitter and Reddit. The cryptocurrency space is dominated by major names, with superstar developers like Ethereum ETHUSDT founder Vitalik Buterin capable of making or breaking new projects simply by having their names listed on a development team. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper. The whitepaper should lay out the background, goals, strategy, concerns, and timeline for implementation for any blockchain-related project. Whitepapers can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may have a whitepaper that indicates a rock-solid concept and a carefully conceived implementation plan.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Keep an eye out as you look for new investment opportunities in the ICO and cryptocurrency spaces. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept. Look for outside sources to verify the legitimacy of any project before making an investment.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
PANCAKESWAP:CCHGUSDT_A8BAB1 BINANCE:LUNCUSDT BINANCE:LUNCBUSD KUCOIN:FTTUSDT BINANCE:BURGERUSDT MEXC:PPIZZAUSDT OKX:BLURUSDT OKX:PITUSDT BYBIT:BTGUSDT
PEPE Looks Clearly BullishPEPE Looks Clearly Bullish After A Completed A-B-C Correction Back In June.
After a completed A-B-C correction in mid June, we saw nice and clean five-wave bullish cycle into wave A/1 till the beginning of July. Since the beginning of July, we can now see it now finishing a three-wave (A)-(B)-(C) correction in B/2 that can find the support here around 0.*012 – 0.*010 support area before a continuation higher within higher degree wave C or maybe even wave 3 of a five-wave bullish impulse.
🔥 DOGE New Cycle Trade: Triangle Break OutAs seen on the chart, DOGE has been trading inside a triangle pattern ever since the 2021. With DOGE appearing bullish over the last few weeks, it's time to look at what might happen if we finally break out of this >2-year pattern.
Assuming that DOGE's bear-market low is in, it's likely that DOGE will only gain in value in the future. Be aware that we're going to wait for the price to break out in order to activate this signal.
Stop below the recent June lows, target around the 0.70$ all-time highs.
DOGECOIN Ready For Massive Move To UpsideAlt coins are an area of the market I am approaching very delicately. Right now, however, I cannot help but pay attention to the things happening currently on Dogecoin. Although currently getting rejected at a major supply line, selling pressure on the 3 day chart since December has exhausted and has now flipped positive with strong bullish momentum being the result in the price action thus far. Its my belief that this may only be the beginning as not only do we have classic bullish divergence showing on the MACD, but a potential golden cross between the 21 and 50 EMA happening just days away from now.
Of course it could be premature to make this call just yet, but with the massive bullish momentum on the MACD combined with the fact that money flow is rising on most of the higher time frames give me the confidence that this cross will indeed occur sooner rather than later. The last time DOGE's 21 and 50 EMA bullishly crossed was around October 25th last year.... this resulted in a 161% move to the upside in just a little over 7 days.
Been talking about $DOGE for a bitThere's reason why CRYPTOCAP:DOGE has slowly become as big a position as $SHIB.
This isn't including 3x & 10X leverage on #DOGE when it hit recent lows.
Looks pretty strong to me.
Love seeing the RSI pummeling through the 50 area, yellow circle.
Not the best looking but it is still an INVERSE HEAD & SHOULDER, bottom forming of it breaks through, more conviction if heavy volume.
Please see profile for more info on countless CRYPTOCAP:DOGE posts.
#crypto #altcoin