DOGE double Head & Shoulders
Updated
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Dogecoin formed "embedded" Head and Shoulders pattern - smaller cyan (H&S1) and bigger orange (H&S2). Head is same for both, just different shoulders. Price broke the yellow uptrendline, H&S neckline1, and then also H&S neckline2 which has been backtested recently - price rejected. If we make lower low (below the white dashed @ 0.05588) DOGE can start the decline to Head and Shoulders targets (TARGET1 and TARGET2). INVALIDATION1 relates to cyan H&S1. INVALIDATION2 relates to orange H&S2.
SHIB doesn't look good either:
BTC doesn't look good either:
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Dogecoin formed "embedded" Head and Shoulders pattern - smaller cyan (H&S1) and bigger orange (H&S2). Head is same for both, just different shoulders. Price broke the yellow uptrendline, H&S neckline1, and then also H&S neckline2 which has been backtested recently - price rejected. If we make lower low (below the white dashed @ 0.05588) DOGE can start the decline to Head and Shoulders targets (TARGET1 and TARGET2). INVALIDATION1 relates to cyan H&S1. INVALIDATION2 relates to orange H&S2.
SHIB doesn't look good either:
BTC doesn't look good either:
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Note
Orange H&S invalidated as INVALIDATION2 has been hit. Cyan H&S still in play, actually we seen strong rejection by it's NECKLINE1. Price now trying to break down the orange NECKLINE2 and if successful, more downside expected. Breaking below the white dashed @ 0.05588 would be really bearish imo.Trade closed: stop reached
The Cyan H&S invalidated as well. Elon's Twitter-DOGE news pumped the price hard...
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