Updated

Downward Doge pt 7

Whether or not heads into the abyss from here is still anyone's guess, but I've noticed a gradual downward trend line. This one was revealed by the flash dips that have happened in the past few recent intervals and may become significant. If the dominant upward trend (marked light blue here to provide emphasis on the subject of the downward trend line) is broken in the next couple of hours or days, I believe it will follow this line. As time passes, I don't believe the lower line will be broken, however. The light blue trendline here, expressed in green and dark blue in prior posts, will likely hold.

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After a dip that nearly sent us into a tail-spin that may have only ended somewhere near .035, has rebounded and started following the strong trend that it's been on since Jan 11.

Shopify may have been the catalyst, but whatever it was it looks like we're back in business. How high it will go will depend on other things, of course, but this may be a sign of going in the right direction.

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If the price action follows the light blue trendline then I'd say that's a sure-fire buy signal. if it drops back into the downward channel there's another strong trendline awaiting it and we'll have to see what it does when it gets there.

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Note

did *not* hold the line today, but at the same time it didn't fall out of the channel enough to be a lost cause until the next support. THe next 8 hours will tell the story.

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Down she goes.

Incogniteaux

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