DOGE; Good news or not

Whether there's good news, tweets or events that seem to "sway" DOGE, the story can be read all within the charts.

Simple enough, whenever DOGE breaks outa that little bearish purple trend line right there we'll try to beak 60 cents again.
If we don't we'll test that last zone we were in.
Either way, up or down, we'll go up eventually as this is SUPPOSED to be a long term hold but it's fun to read the story as it is being written.

For now just watch that downwards trendline and
let's see what happens!

Commentaire:

DOGE broke past the small downwards trendline BUT, not before re-entering the upper zone.
Because of this, this zone will now act as resistance for the bulls as you can already see.

Commentaire:

Here's the make or break! Coiling at the top of the zone.

Commentaire:

Rebound off the bottom of the zone, buyers turn to make a break again.

Commentaire:

break through for the bears, but they need to hit .42

Commentaire:

Bears may.. have overextended
They blew past .42 and hit the low purple trend line which alludes to doge being extra bearish BUT because of this overextension the bears now must defend the .42 barrier.

The problem with this is bears have used a lot of fuel already. Not that it can't be done but bears now have to put in much more work to stop the bullish reversal.

Commentaire:

Very good run for the bears as they are passing every mark.
You can see the rejection off the top of the bottom zone is the next mark. If so they'll try to make that the consolidation area.