DOGE D May find support at 0.09xx by then end of March REVISED
It is still not the end of March and I am here revising the daily candle chart published on March 6th. I have changed the triangle to include the highs of the increase of volume, that was a block of more than 200 million shares in one shot but besides that there has not been much volume. Please refer to my other publications to see the line chart.
Note that we are still inside the VOLUME lilac triangle at the bottom, until we not see strong positive volume stick out of the top of the triangle we must be very cautious because it is still in an up channel WITHIN A DOWN MAJOR TREND CHANNEL.
There are three dashed reddish very long lines across the chart; these are VERY Long term support and resistance lines to keep an eye on.
Strong support on the upward black line but the target of 10:45 still holds; but if it breaks down it should linger around 0.1066 and 0.1145 to gather volume strength. The different channels are the different directions that it may take, it will meander for a while until it finds its footing.
Should it go up watch 0.1372 thru 0.147 it is a very strong resistance area.
The green rectangle is still the target based on the measurement of the two Head and Shoulders formation, it may reverse at the dashed red line.
The pink parallel bar points to the day in which we should see volume sticking out of the lilac volume at the bottom, it should be positive increasing daily out of the triangle; otherwise set your stop losses very tight.
The downward dotted GREEN channel is where is at now. The other fine lines are points of support and resistance and the different turns that it may take.
0.0768 dark brown arrow and 0.0638 blue arrow are still possibilities within the lilac triangle if we see RED volume overcome the high of the LILAC volume triangle at the bottom.
Note the UO at the top pointing to March 26 as the break out point, at this point GREEN volume should show out of the volume triangle at the bottom. Make sure it is GREEN otherwise set your stop losses tight.
Good Luck!
DOGE may go down to 0.0743 revised
In this chart, published Feb 22 2022, you can see that there hasn´t been much positive volume to lift DOGE up and although it is out of the downward pressure of the downward long term red channel it has not had enough strength to go up. It can still go down to 0.09 or even 0.07 in the extreme case of sudden negative volume.
The dotted line is still a long term support from 2021. The black channel is still support and resistance.
This is a very important week; lasts week volume was 3.175B, so fa this week is 2.541B and by the end of this week it should at least match last weeks with positive volume; but if the volume increases this week on a positive note it will be a continuation of the faint recovery that is taken place.
In the daily chart, we are still not out of the volume triangle at the bottom. See the other daily charts I am listing here.
Note that we are still inside the VOLUME lilac triangle at the bottom, until we not see strong positive volume stick out of the top of the triangle we must be very cautious because it is still in an up channel WITHIN A DOWN MAJOR TREND CHANNEL.
There are three dashed reddish very long lines across the chart; these are VERY Long term support and resistance lines to keep an eye on.
Strong support on the upward black line but the target of 10:45 still holds; but if it breaks down it should linger around 0.1066 and 0.1145 to gather volume strength. The different channels are the different directions that it may take, it will meander for a while until it finds its footing.
Should it go up watch 0.1372 thru 0.147 it is a very strong resistance area.
The green rectangle is still the target based on the measurement of the two Head and Shoulders formation, it may reverse at the dashed red line.
The pink parallel bar points to the day in which we should see volume sticking out of the lilac volume at the bottom, it should be positive increasing daily out of the triangle; otherwise set your stop losses very tight.
The downward dotted GREEN channel is where is at now. The other fine lines are points of support and resistance and the different turns that it may take.
0.0768 dark brown arrow and 0.0638 blue arrow are still possibilities within the lilac triangle if we see RED volume overcome the high of the LILAC volume triangle at the bottom.
Note the UO at the top pointing to March 26 as the break out point, at this point GREEN volume should show out of the volume triangle at the bottom. Make sure it is GREEN otherwise set your stop losses tight.
Good Luck!
DOGE may go down to 0.0743 revised
In this chart, published Feb 22 2022, you can see that there hasn´t been much positive volume to lift DOGE up and although it is out of the downward pressure of the downward long term red channel it has not had enough strength to go up. It can still go down to 0.09 or even 0.07 in the extreme case of sudden negative volume.
The dotted line is still a long term support from 2021. The black channel is still support and resistance.
This is a very important week; lasts week volume was 3.175B, so fa this week is 2.541B and by the end of this week it should at least match last weeks with positive volume; but if the volume increases this week on a positive note it will be a continuation of the faint recovery that is taken place.
In the daily chart, we are still not out of the volume triangle at the bottom. See the other daily charts I am listing here.
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