DOGE; Return to 27 Cents Battlefield
Updated
Here we have returned to 27 cents battlegrounds as I mentioned could happen in my past idea.
Buyers won 27 but deflected off 29 cents a third time now.
You can see the battles get shorter each time.
Most probable outcome would be buyers win 27 again, pitstop at 29, the shoot through to the upper red trend line then bounce off.
Sellers still have a shot to bring this down to the lower red though. Lets see what happens next!
Buyers won 27 but deflected off 29 cents a third time now.
You can see the battles get shorter each time.
Most probable outcome would be buyers win 27 again, pitstop at 29, the shoot through to the upper red trend line then bounce off.
Sellers still have a shot to bring this down to the lower red though. Lets see what happens next!
Note
AS you can see, and if you read my "DOGE; battle over 27 cents."Bulls won initially and tried to push further but got rejected from 29 a third time.
I mentioned if the winner could not PUSH to their respected zone targets(in this case bulls to the upper red trend line, around 32.2 cents) then there would be a REVERSAL.
Here we are with DOGE doing exactly that. It's unfortunate bulls lost this last battle over 27 but, like last time, there is another chance to return here.
Bears NEED to break 25 cent barrier. This place has been a very reliable place of support for DOGE so it may not be easy.
IF bears FAIL to bring this down to the LOWER red trend line(~23.2 cents), we will revisit the 27 battlefield.
The overall action going on now is consolidation within 25-29 cents with 27 being a prompt for bears/bulls to attempt their missions.
For a shorter story, please visit my related idea attached
"DOGE; the battle over 27 cents"
Note
Bears have successfully fulfilled their mission, reaching the lower red trend line.We may now battle around the new lower red trend line or push even further down to the lower purple. Let's see what happens next!
Note
Back to 27 we are.Sellers pushed a bit too far and were met with the good ol' discount buy up.
So another battle for 27 is on the way!
Bears are now in control short term, and I suspect another visit to the downside to be met with another reversal, making a decent sized pennant. Overall, doge is up trending but we'll see who wins this war over 27 soon!
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