Doge Doom Before the Boom

7 août 2023

On the weekly timeframe, Dogecoin (DOGE) needs to decline to 0.05533 after hitting the above fair value and forming a choch downside. The daily timeframe is tricky, as it appears to be bullish, but I believe this is manipulation by smart money to unload their recently-made profits. As a result, DOGE could decline to 0.06109. In the short term, I could see DOGE range-bound on the 4-hour timeframe until something big happens. However, the main point is that this downside is temporary and will be followed by a huge pump.

Technical Analysis

Weekly: DOGE has reached the above fair value and has formed a choch downside. This suggests that a decline to 0.05533 is likely.
Daily: The daily timeframe is tricky, as it appears to be bullish. However, I believe this is manipulation by smart money to unload their recently-made profits. As a result, DOGE could decline to 0.06109.
4-hour: In the short term, I could see DOGE range-bound on the 4-hour timeframe until something big happens.
Conclusion

The downside in DOGE is temporary and will be followed by a huge pump. I recommend traders to wait for the decline to 0.05533 or 0.06109 before entering long positions.

Disclaimer

This is not financial advice. Please do your own research before making any trading decisions.

9 août 2023

Note

most of the idea going strong. but liq grab early, not sure if it still dump because of it