Dogecoin

RCO Finance (RCOF) Increases Win Rate for Dogecoin and Shiba Inu Traders, This is How

Published

2 months ago

August 30, 2024

RCO Finance (RCOF) has unveiled new strategies to enhance the trading outcomes for Dogecoin (DOGE) and Shiba Inu (SHIB) traders, immensely increasing their win rates.

RCO Finance provides traders with more precise market insights by leveraging an advanced AI-powered trading tool. This strategy aims to reshape how traders interact with the popular meme coins, eventually resulting in more profitable trading decisions.

Let’s learn more about RCO Finance’s trading tool and how Dogecoin and Shiba Inu investors can use it.

RCO Finance’s Reveals Trading Tool To Boost Investors’ Profitability

RCO Finance has uncloaked an innovative trading tool that will improve the trading results of Dogecoin and Shiba Inu traders, consequently boosting their win rates.

This tool is a robo-advisor, an AI-powered technology developed with a machine-learning algorithm. The robo-advisor provides tailored investment strategies designed to achieve traders’ financial goals.

These strategies can appear as recommendations, predictions, and insights, allowing DOGE and SHIB traders to make informed decisions.

Because of its machine-learning programming, it can self-operate and adapt quickly to any market condition, informing traders when to buy or sell an asset. It also possesses adept risk management skills, which protect users from bad risk exposure.

RCO Finance offers users the opportunity to tap into every segment of the financial market, be it stocks, shares, commodities, real-world assets, ETFs, cryptocurrencies, or any of the 120,000 digital assets listed on the platform. This way, traders can diversify their portfolios and maximize gains, especially through RCO Finance’s robo-advisor guidance. Moreover, RCO Finance charges low trading fees and offers high leverage, reaching 1,000X.

Furthermore, RCO Finance emphasizes the importance of safety by integrating Fireblocks and getting audited by blockchain security firm SolidProof.

It also promotes privacy through its no-KYC approach, which is the sole aim of decentralization. These features explain why RCO Finance is the best platform for crypto traders, including DOGE and SHIB investors.

Dogecoin Eyes $0.0914 Under Bearish Pressure

DOGE’s recent attempt at a rebound was thwarted by bearish forces, leading to the premier meme coin declining instead. Following a brief rally, DOGE fell into a reclining mode, with the asset eventually breaching the $0.1 level to the downside.

The decline affected not only DOGE’s market value but also its trading volume and market capitalization.

The four-hour chart shows Dogecoin struggling to climb above a descending trendline. The price is on the verge of breaching the 100-day Simple Moving Average to the downside, which will ultimately spell doom for the asset.

Except for the $0.094 support region, which can hold the price, its possible landing zone would be $0.091. DOGE fell 6.96% to $0.098 in the last 24 hours. Crashing to the base price level of $0.91 will culminate in a 7.1% decrease in the current price of DOGE.

Shiba Inu Records 1,115% Increase In Holder’s Netflow

Ethereum-based dog-themed meme coin Shiba Inu has registered a meteoric surge in holder netflow, a metric that measures the difference between inflows and outflows.

According to the data, SHIB holder netflow rose 1,115% over the last seven days. However, this was a negative netflow.

For a negative netflow, an increase in the metric suggests that investors are offloading their assets. Interestingly, market data showed this was the case as the holder count dropped and SHIB investors started profiting. These actions resulted in SHIB sliding from $0.00001611 on August 24.

SHIB investors taking profits mirrors a similar situation across the crypto market. The meme coin now trades at $0.00001364 after shedding 7.68% of its market value. Market players are anticipating SHIB’s next move in the days ahead.

RCOF’s Presale Offers A Lucrative Investment Venture

RCO Finance offers SHIB and DOGE investors a platform to trade the meme coins profitably and allows them access to its lucrative native token’s presale.

RCOF, the native token of RCO Finance, is in Stage 2 of its presale, trading at $0.0343. From here, the token is poised for a 1,000% – 1,600% rally to $0.4 – $0.6, respectively, before its exchange listing.

RCOF has crushed a record milestone by raising $1.58 million in its presale. It is currently offering new investors a 50% discount on their purchases. With more buys coming in and the coin set to explode, now is the best time to join the presale to maximize gains.

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

The post RCO Finance (RCOF) Increases Win Rate for Dogecoin and Shiba Inu Traders, This is How first appeared on BTC Wires.

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Altcoins

Risk-To-Reward on Ethereum Looking ‘Too Good To Pass Up’ According to Crypto Analyst – Here’s Why

Published

2 days ago

November 5, 2024

admin

A popular on-chain strategist says Ethereum (ETH) is showing a great risk-reward ratio setup.

Analyst Ali Martinez tells his 76,900 followers on the social media platform X that ETH appears to be forming a bullish ascending channel on the weekly timeframe.

“The risk-to-reward ratio on Ethereum is too good to pass up for a long position! I’ve set my stop below $1,880 and am aiming for a target of $6,000.”

Looking at his chart, the analyst suggests ETH is holding the bottom trend line of the ascending channel as support and could soon re-test the upper bound at around $6,100.

However, fellow crypto trader Benjamin Cowen tells his 819,000 YouTube subscribers that based on a historic pattern of Ethereum bottoming out during the fourth quarter, he’s anticipating ETH drops to its logarithmic trendline, potentially as low as $1,000.

“When I look at the cycle, I see ETH at $2,400 and I just think that there is a really high probability that within a couple of months, probably in less than two months, we will look back at this and see that Ethereum finally went home and it took until Q4 of 2024 to do so…

In 2016, you can see that Ethereum finally entered the lower logarithmic correction trendline in basically early to mid-November. In 2019, it entered it in August but then it got back above it and then didn’t really durably stay in it until almost late September and October.”

ETH is trading for $2,409 at time of writing, down 2.1% in the last 24 hours.

Next up, the analyst says that Dogecoin (DOGE) is signaling a bullish reversal on the TD Sequential indicator, which traders use to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles.

“The TD Sequential indicator has flashed a buy signal on the Dogecoin four-hour chart! If DOGE holds above the $0.141 support, we could see a rebound to $0.162.”

He also suggests that if DOGE flips the $0.169 level into support, the next resistance level would be in sight.

“If Dogecoin DOGE breaks above the $0.169 resistance, we could see a 27% rally up to $0.209!”

DOGE is trading for $0.162 at time of writing, up 7.4% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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doge

Dogecoin (DOGE) Poised for a Move: Will It Start a Fresh Increase?

Published

3 days ago

November 4, 2024

admin

Dogecoin started a downside correction from the $0.180 zone against the US Dollar. DOGE tested $0.1420 and is currently recovering losses.

DOGE price started a fresh decline from the $0.180 resistance level.
The price is trading below the $0.1650 level and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $0.1580 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could start a fresh increase if it clears the $0.1550 and $0.1580 resistance levels.

Dogecoin Price Eyes Fresh Increase

Dogecoin price started a fresh decline after it failed to clear the $0.180 resistance like Bitcoin and Ethereum. DOGE declined below the $0.1720 and $0.1650 support levels.

The price even declined below $0.1550 before the bulls appeared. A low was formed at $0.1422 and the price is now attempting a recovery wave. There was a move above the $0.150 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1790 high to the $0.1422 low.

Dogecoin price is now trading below the $0.1550 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1550 level. The next major resistance is near the $0.1580 level. There is also a key bearish trend line forming with resistance at $0.1580 on the hourly chart of the DOGE/USD pair.

A close above the $0.1580 resistance might send the price toward the $0.1600 resistance. Any more gains might send the price toward the $0.1650 level or the 61.8% Fib retracement level of the downward move from the $0.1790 high to the $0.1422 low. The next major stop for the bulls might be $0.1720.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.1550 level, it could start another decline. Initial support on the downside is near the $0.1480 level. The next major support is near the $0.1420 level.

The main support sits at $0.1400. If there is a downside break below the $0.1400 support, the price could decline further. In the stated case, the price might decline toward the $0.1320 level or even $0.1300 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1480 and $0.1420.

Major Resistance Levels – $0.1550 and $0.1580.

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algo

Analyst Names Two Altcoins That Can Soar About 600% This Cycle, Updates Outlook on Dogecoin

Published

3 days ago

November 4, 2024

admin

A closely followed crypto analyst believes that two altcoins have the potential to skyrocket by as much as 5x before this cycle is over.

Pseudonymous analyst Altcoin Sherpa tells his 228,100 followers on the social media platform X that he’s extremely bullish on the altcoin market.

According to the analyst, even average altcoins will see massive price rallies if conditions turn bullish for crypto.

Specifically, the trader sees the decentralized oracle network Chainlink (LINK) and the layer-1 protocol Algorand (ALGO) printing gains between 400% and 600% before the current cycle comes to a close.

“Market average for sh*tcoins from here on out: probably about 3-5x for this cycle on the low end and 5-10x for prices on the high end.

Meaning: If you buy pretty much anything at this point in time, I expect it to go 3-5x.

Here are two examples with LINK [and] ALGO.”

Looking at the trader’s chart, he seems to predict that LINK will surge by over 350% to revisit all-time high levels. As for ALGO, Altcoin Sherpa shares a chart suggesting that an over 300% move will not even take the coin close to its all-time high of $3.56.

Turning to the top memecoin Dogecoin (DOGE), Altcoin Sherpa thinks the altcoin is taking a breather before sparking a new leg up.

“This is the bottom you want to see for DOGE in my opinion.

Lots of volatility and a range forming.”

At time of writing, DOGE is trading for $0.159.

Altcoin Sherpa also names other coins that he thinks will do well once the market enters full-bull territory.

“Mid-cap memes are taking a lot of mindshare and I still think stuff like BONK/PEPE/WIF probably outperforms a great percentage of utility coins. But if you’re looking for utility, I would prob go:

-New coins like EIGEN
-High float/older coins like FTM (+rebrand)
-new infra coming out like monad/berachain
-new coins that came out and down only (never pumped) aka REZ, ZK and those types

Lots of different ways to play the upcoming alt pump; be flexible and prepared.”

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