DOGE vs SHIB: Which is better for this bullrun?
Updated
Intro:
DOGE and SHIB have been at each others necks for a while when it comes to who will be king of the dog memes. In this post/idea I will try to draw out the landscape of their battle and try to determine who is winning.
Analysis of DOGE:
The chart speaks for itself.
Short analysis of SHIB:
We could see the same price action in SHIB, however I do believe that SHIB will have a smaller drawdown and higher upside, I'll go through this in the comparative analysis
Comparative analysis:
Above is the SHIBDOGE pair. When it goes up, SHIB is outperforming DOGE, when it goes down DOGE is outperforming SHIB.
SHIB has just broken up to the outside from a downwards wedge where SHIB bled ~46% on its DOGE pair.
This looks like a regime change that may be the result of us getting a confirmed bullrun. SHIB is likely the coin that will run the highest because of this.
Conclusion:
Thebattle for supremacy in the realm of dog memes between DOGE and SHIB is an intriguing saga. As we've delved into the analysis, it's evident that both coins exhibit compelling trends and indicators that suggest potential directions in their respective journeys.
DOGE's recent chart movements illustrate a bullish stance in the mid-term with a high risk of a short-term correction, same goes for SHIB. The breakout from a downwards wedge on the SHIBDOGE pair hints at a regime change and potential for significant upward movement FOR SHIB relative to DOGE!
In this ongoing battle for dominance, it appears that SHIB might be poised to ascend higher, possibly propelled by a confirmed bull run.
Link to some of my indicators below, they are free on TradingView:)
- Don't forget to comment your ideas, do you agree or disagree? Why?
DOGE and SHIB have been at each others necks for a while when it comes to who will be king of the dog memes. In this post/idea I will try to draw out the landscape of their battle and try to determine who is winning.
Analysis of DOGE:
The chart speaks for itself.
- Channel broken to the upside
- White noise is bullish (trend based)
- Golden cross in VWMA lines, indicating a short-term correction before we continue up
- Adaptive MCVF indicating a correction before we go higher
- Big rejection wicks indicating a lot of sell pressure leading to the correction
- We could see a retest of the 50 VWMA line before going higher, expect wicks down.
Short analysis of SHIB:
We could see the same price action in SHIB, however I do believe that SHIB will have a smaller drawdown and higher upside, I'll go through this in the comparative analysis
Comparative analysis:
Above is the SHIBDOGE pair. When it goes up, SHIB is outperforming DOGE, when it goes down DOGE is outperforming SHIB.
SHIB has just broken up to the outside from a downwards wedge where SHIB bled ~46% on its DOGE pair.
This looks like a regime change that may be the result of us getting a confirmed bullrun. SHIB is likely the coin that will run the highest because of this.
Conclusion:
Thebattle for supremacy in the realm of dog memes between DOGE and SHIB is an intriguing saga. As we've delved into the analysis, it's evident that both coins exhibit compelling trends and indicators that suggest potential directions in their respective journeys.
DOGE's recent chart movements illustrate a bullish stance in the mid-term with a high risk of a short-term correction, same goes for SHIB. The breakout from a downwards wedge on the SHIBDOGE pair hints at a regime change and potential for significant upward movement FOR SHIB relative to DOGE!
In this ongoing battle for dominance, it appears that SHIB might be poised to ascend higher, possibly propelled by a confirmed bull run.
Link to some of my indicators below, they are free on TradingView:)
- Don't forget to comment your ideas, do you agree or disagree? Why?
Note
It happened EXACTLY like i drew it!
Hope it helped
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Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
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