4,229
 

Ethereum and Dogecoin Primed for Breakouts As Crypto Markets Gear Up for Bullish December



ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT
most viewed right now
+205  143
145 replies  @wild'ish




section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook

section guap
  
 2 months ago '19        #1
770 page views
9 comments


The Dogefather  topics gone triple plat - Number 1 spot x15
avatar
Props total: 34399 34 K  Slaps total: 7610 7 K
Ethereum and Dogecoin Primed for Breakouts As Crypto Markets Gear Up for Bullish December
 

 
image

Crypto analyst Justin Bennett says that December could bring rallies to the digital a*set markets, with Ethereum (ETH) and Dogecoin (DOGE) potentially at the forefront.

The analyst tells his 91,000 Twitter followers that the dollar index (DXY), which compares the USD to a basket of other fiat currencies, is flashing a bullish signal for the crypto markets.

A weaker DXY often signals higher prices for many a*sets. Bennett notes that DXY may have just had a failed breakout, and could now be facing downward momentum.

DXY looks good for a crypto rally heading into December.

Friday’s close back inside this channel indicates weakness. Now for a close below 95.80.

Let’s see.
image

Bennett also has his eye on the chart for the total market cap of crypto (TOTAL). According to him, TOTAL is nearing the end of a large bullish descending wedge. He also notes a divergence between the rising relative strength index (RSI) and the downward price movement. A rising RSI during a downtrend is often interpreted as a hint of a bullish reversal.

TOTAL falling wedge and bullish divergence developing on the intraday charts.

Something to keep an eye on.
image
Looking at Ethereum, the analyst says that next month looks good for the world’s second-largest crypto. Bennett says ETH is “poised to do well in December,” and could already be jostling for a breakout, as long as it sees more volume.

ETH approaching a breakout level.

Just add volume.
image

Also joining the rallies, according to Bennett, is leading memecoin Dogecoin (DOGE). He says DOGE is in the middle of a breakout, with its first key resistance at $0.25, and a final resistance level at all-time highs above $0.75.

“DOGE is breaking out.”

image
+1   



best
worst
9 comments
 

 2 months ago '19        #2
Newbie2019 
Props total: 3300 3 K  Slaps total: 859 859
Bags packed!!!
+1   

 2 months ago '04        #3
lilguru84 
Props total: 362 362  Slaps total: 127 127
To the moon

 2 months ago '04        #4
youngcapstar 
Props total: 2948 2 K  Slaps total: 475 475
I bet doge don’t do sh*t.
+3   

 2 months ago '04        #5
mac58  topics gone triple plat - Number 1 spot x7
Props total: 24871 24 K  Slaps total: 6618 6 K
If doge sniffs 50 cents im selling my entire bag


Last edited by mac58; 12-02-2021 at 06:39 PM..
+4   

 2 months ago '21        #6
nocomment  topics gone triple plat - Number 1 spot x1
Props total: 15080 15 K  Slaps total: 2422 2 K
Crypto analyst Justin Bennett










who?

he 2 weeks old


Last edited by nocomment; 12-02-2021 at 07:13 PM..

 2 months ago '15        #7
Brewklyner  topics gone triple plat - Number 1 spot x10
Props total: 21320 21 K  Slaps total: 6144 6 K
Just need shib to be where doge is rn
+2   

 2 months ago '17        #8
justin747  topics gone triple plat - Number 1 spot x5
Props total: 182648 182 K  Slaps total: 27650 27 K
sportsbook top 10



BUY THE DIP



+1   

 2 months ago '17        #9
justin747  topics gone triple plat - Number 1 spot x5
Props total: 182648 182 K  Slaps total: 27650 27 K
sportsbook top 10




"Scheduled Maintenance"

+2   

 2 months ago '15        #10
Shmoedog 
Props total: 15334 15 K  Slaps total: 5202 5 K
Been a crazy week in crypto and stock markets



Sign me up
 
 

yesterday...


most viewed right now
online now  22
Average Python Developer Salary By State
58 comments
2 days ago
@tech
most viewed right now
online now  20
Video inside Average Python Developer Salary By State
86 comments
2 days ago
@misc
most viewed right now
-48online now  20
Image(s) inside Jan 26 - Lauren Book extorted over nud* photos!
133 comments
23 hours ago
@news
most viewed right now
+20online now  8
Video inside Master P’s Right Hand Man Big Court Goes At Wack 100 For Running His Mo..
46 comments
23 hours ago
@hiphop
back to top
register register Follow BX @ Twitter search BX privacyprivacy