It's surprising that -despite the enormous hype- DOGE bull run basically complied with very basic AT rules / patterns (so far):
* Bull run was constrained within a clear ascending channel.
* The second high was basically 1.618x the first one.
* The recent pullback found support on channel support and MM20 middle line (neutral trendline).
So what should we consider now ( UNBIASED OPINION ) ?
* Ascending channels tend to have a down breakout.
* MACD is nearing a bearish cross.
* Parabolic SAR flipped down.
* There is a noticeable bearish divergence on RSI.
* A further test of the support of the channel seems likely.
Will Mr. Musk be able to counter this bearish bias for long ? Who knows, personally i have some doubts.
I'd watch support as i think a further test is likely.
Under that support / MM20 bears would likely get the upper hand.
So play safe.
* Bull run was constrained within a clear ascending channel.
* The second high was basically 1.618x the first one.
* The recent pullback found support on channel support and MM20 middle line (neutral trendline).
So what should we consider now ( UNBIASED OPINION ) ?
* Ascending channels tend to have a down breakout.
* MACD is nearing a bearish cross.
* Parabolic SAR flipped down.
* There is a noticeable bearish divergence on RSI.
* A further test of the support of the channel seems likely.
Will Mr. Musk be able to counter this bearish bias for long ? Who knows, personally i have some doubts.
I'd watch support as i think a further test is likely.
Under that support / MM20 bears would likely get the upper hand.
So play safe.
Commentaire:
Further test of support ongoing.
Commentaire:
Commentaire:
Found support.
If BTC holds will try to bounce.
Anyway, be cautious.
If BTC holds will try to bounce.
Anyway, be cautious.
Commentaire:
At support again, after the bounce.
Careful, it may plunge.
Careful, it may plunge.
Commentaire:
*IF* support fails (on daily close) price may retest 0,4$ area again.
By doing so it would increase the chance to form a descending trinagle whose target sits below 0,30$.
So be careful.
By doing so it would increase the chance to form a descending trinagle whose target sits below 0,30$.
So be careful.
Commentaire:
Watch that support.
Watch that support.
Commentaire:
Went well below 0,30$.
0,21$ actually before bounce.
Mostly due to Bitcoin slump.
Anyway, enough for the point of this analysis.
0,21$ actually before bounce.
Mostly due to Bitcoin slump.
Anyway, enough for the point of this analysis.