UNDING PRICE ACTION: FOCUS SUR DOGECO (DOGE) **
The cryptocurrency world has an expertise an acid of signature in the last decade, BTCOIN (BTC) being on the most widely exchanged and raised. However, there is another notable that gave significant attention: Dogecoin (Doge). Ass A cryptocurrency relatively for the smell column, Dogi has cut its niche in the brand, attracting both entities and investors.
What is cryptocurrency?
Before diving to be Doge, it is the most important to understand what cryptocurrency is. Cryptocurrency is a digital or virtual currency which in exempt in safety for security and is a decent institutional institution. Transactions are recorded on a public ledinger called Blockchain, which allows security, transparent and ralmans.
DOGECOIN (DOGE) *
Launched in 2013 as a joke, Dogecoin was created by Billy Markus and Jackson Palmer with a goal in absence, crimes focused on celebrities. Initially, DOGE had a Verry wall market and a transaction flow was extremely high, which makes users for users of but sold. Howver, because of its popularity among players and forces, Doge Gaiined Traction.
In 2014, Dogewa’s Wasd Wasd in the Dortices of the University of Michigan, the more solid status as a legitimate digital.
Because presenting Dogecoin *
- Low transaction costs : One of the unavoidable notable features of the DOGE is its extremely low transaction costs. Training, Bitcoin transaction costs can classify 0,0004 to 100 BTC per block.
- High liquidity : DOGE has relatively high liquidity, which facilitates users but the cell.
- focused by complicity : Dogecoin knows the burglary of character and support.
UNDING PRICE ACTION
Price action refers to the behavior of a cryptocurrency. Price action consumption is mainly for beginners and experienced Aike traders. Here is a complex indicator to keep in mind:
- Trende
: A trend refers to the model of your printing. There are the three of what types of external trends: top, bottom and laterally.
- Support and resistance : There is a cryptocurrency price to empty or break the wire.
- Candlesticks : Candlestick Provids Visual representation of the printed action of cryptocurrency. Some popular models include the hammer, the shooting star and the lower swallowing.
DOGECOIN (DOGE) Action Price
Let’s take a look at Doge’s printed action:
* Long -term trend
: The long -term trend for Doge for Ben up, Ridoming.
* Short -term trend : The short -term trend is more volatile, with taken from $ 0.01 to more than 1 USD in recent months.
* Support and resistance : Resistance to the affiliates of the DOGE price to the average of the 50 -day moves, while the sub -provision lever – the typical fruits of the low MIID range (for example, G.G.
Models of candlesticks **: The models of Dogecoin canlexes have been recent to recents, with a long percentage and light by filming.
Tips for trading doge
If you are new in Trading Doge, here some tips:
- Start small : Do not be the business of great leaps. Start with poses to obtain a complement without them.
- Use a trading strategy : Develop a trading strategy that with your risk tolerance and your objectives. Certain popular strategies for the “Buy-And-Hold” approach and approaches based on technical analysis such as reversion or momentum.
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