Long

doge next leg up

Updated

once we manage to break out from the ascending triangle next target is the 2.618 at 1050-1058 satoshis for a short coffebreak then eying 1400 sats

Note

the triangle broke down.
so this could now develop either into a bearflag targeting the 0.786 fibonacci at 468 ish or it could also just print a bigger ascending triangle as you can see in the pictures below.

Note

if we see a 4hr close below the 0.5 fib below 580 sats i would opt for the bear flag the lower target at 568. sats otherwise i will remain bullish opting for the bigger ascending triangle..

Note

the 786 fib held so far.. and on the 1 minute we see this inverse head n shoulders

Note

working on a greater IHS now which targets a higher high at 833 sats

Note

doge was dragged down by the BTC drop to the median line of the bollinger bands MA20

created a falling wedge and an incredible bouncy hammer daily candle that looks like its gonna close and confirm in 3 hours..

so we get another chance to make a higher high and are targeting measured wedge move to 830-840 sats and then we have to see and reevaluate.

i expect BTC to drop on monday and i guess doge will also follow. please see my recent BTC idea as well

Note

we broke out o the wedge 1500 sats inc ?

Note

doge still correcting.. but i am confident we will see another leg up quite soon. hang in there and accumulate more if you can! keep away from leverage trading altcoins! i see many gambling newbies.. altcoin leverage trading is the most dangerous.. might as well donate your money to a good cause instead!

Note

ok so again i had the right feeling about doge preparing the next move.. since the initial ascending triangle idea kinda failed and it broke down.. i will try and make a complete new and updated idea and publish it soon

here a update on the kraken XBT doge pair i just did.. note that binance and other exchanges are very different.. most degen leverage newbie traders are on binance therefore you see totally different outcome to both sides because of the massive liquidations of the noobs

in the new idea that i am planning to do on doge i will point out to these differences on major exchanges and give you charts for Binance, Kraken and Bittrex maybe FTX as well.. (these are the ones i trade doge on)

Trade closed: target reached

targets reached.. follow me newest doge idea here

Candle_Styx

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