Doge Falling Wedge into Tuesday morningAs you see here we've created a nice falling wedge pattern along with a Triple Bottom on the chart as well as the RSI Indicator. If we get a push through the top of this wedge we will see a slight retest then a Uptrend to approach .35 again.
If we do break through the top & on the retest continue to have a sell-off we may continue to fall down to .29 resistance & have a consolidation phase through tomorrow.
Dogetrading
Doge headed for a Bull Run too .90?If you go all the way back too April '21 just before the massive Bull Run we had a Consolidation Phase which we just came off of starting in July running into Aug.
Next we broke into an Uptrend, yes in April it was larger than the one we are seeing now, but it's identical to where it has started & finished.
Next was the Bull run that sent us too All Time Highs, which I do believe is too come, backed by mass adoption.
I copy & pasted each of these zones as you see they have lined up fairly identical. The Uptrend phase started & finished just about identical as you can get them.
Doge prepared for a slight pullbackIf we do have a pullback, it will be a healthy at that. We may fall to our previous resistance at .30 then give .35 another shot.
We very well could continue on this massive Bull run, but if we do cool off a bit it might be a great time to buy in before the next leg up.
Doge to .34+We've broken through this wedge pattern & may see a slight pullback before we make a run to the .34 resistance.
If we do fall back into the wedge we may see a large pullback to .26 - .29 consolidation phase.
I believe we will see Doge at .35 Monday morning then pushing .40+ as we near next weekend.
Doge nearing the end of the wedgeExpect a big swing to come into play as we move through the night into the weekend.
I've gone ahead & labeled 4 major resistance points we should pay attention too for reference points.
Bullish: we may see a slight pullback to a very strong resistance which I expect us to bounce off & test the upper trendline with a breakout.
Bearish: we break below this resistance & fall outside of the trend then fall back too .25 range. This could lead us into a consolidation phase as we roll through the weekend.
Doge ready for a spikeThis Harmonic Pattern indicates we will see a nice Uptrend next. Also taking a look at the RSI you see we've closed in on the Oversold indicator which gives us confirmation that we may see a Reversal to the upside.
If we do break through the bottom of this wedge pattern we may see a Retest then another Large Pullback.
I'm Bullish for today.
Doge 4 phase BreakdownAs you see here I have went ahead & broken down the Doge chart into phases. Starting from the left we were in a Wedge pattern then had a breakout to the upside in a Uptrend Consolidation.
We just had a large pullback followed by a nice spike which is a Retest Phase, we very well could still see a Downtrend play out.
But as the RSI indicates we have been Oversold, I picture us continuing this Bullish run into another Uptrend Consolidation phase.
Doge End of August PredictionsHere I have laid 3 sets of resistance lines which we should pay close attention too moving through the month.
If we get caught up in the Infrastructure Bill & it through the weekend we may see a pullback for consolidation then reaching .35 moving into September.
If we're able to get clear of the Bill we will continue on the nice Uptrend with slight pullbacks. We would be looking at .50+ range towards the end of the month.
Clear of the Bill & Potential Mass Integration beginning to take over we very would could get the Crypto Bull Market 2.0 get started. Sending us up too .60+ heading into September.
Doge nearing the Golden Fib Line!With the Fib Retracement tool as are approaching the Golden Line typically sens you into an Uptrend! The next 4 to 5 hours will indicate if we'll be on another Uptrend & create another Higher High, or if we break the Golden line well need to pay attention if we fall all the way back to the previous Higher Low or if we drop below it.
Very exciting wekcahead for the Crypto Market.
Doge Friday Uptrend?On the 1hr chart we've been in a wedge pattern just under the 200 EMA. We may see a slight pullback towards a resistance line & see a nice uptrend as we move through Friday afternoon.
Or we could break below this resistance followed by a retest then a large pullback. We may be in for a long Consolidation as we ride through the weekend.
Doge 3 Phase ConsolidationOn the 1 hr chart I broke down the 3 Phases we are going through which will lead us into an overall Consolidation from July 27th running into August.
I believe we will run along the 200 EMA moving into August, then we may see a Pullback dropping below the EMA before we get into the Bull run.
Doge with a Retest on to a PullbackWe very well may see a pullback as we roll into Friday morning as you see we broke the lower resistance & in a Retest.
There is still the possibility to continue this Uptrend, but we seem to be loosing Momentum & Volume as well. I believe this is consolidate as we move through Friday into the weekend.
Doge Pump Not Done Yet?Here on the 1 hr chart you see we've been on a nice run since the morning of July 20th leading up to The B Word talk.
Looking at the Fib Retracement we see that we touched the Golden line of .618 (.186 price) as well as hit the middle band in the Bollinger Bands, this is typically a strong indication of another Bullish trend. I wouldn't be surprised if we even fell back too .786 line (.178 price) then begin our next Uptrend.
If we do fall too .168 price we may see a Bearish reversal & consolidate around that price moving into Thursday July 22nd.
Still need to monitor BTC moving forward.
Doge ST ContinuationAs you see we have been riding in this consolidation phase since 0345 this morning & placed a trade at 0900.
The market seems to be gaining momentum as we move through the weekend which is surprising. What we need to see next is for the Volume to pick up so we can break through the upper resistance. If we fall below the Supply Zone we may see a retest then a mild pullback.
#Doge may create a new floor...Using the Fib tool, you see Dogecoin broke the lowest resistance. It has now met another resistance indicated by the orange line, so their are a few things we could see for tomorrow. We very well could continue to fall below this resistance down too .25 which would then represent our new floor.
Or we could very well consolidate here for a bull reversal, we would then see .32 leading into Saturday morning.
What are your thoughts?
#Doge may see a slight dip too .29 before we get on a runAs you see here I have highlighted previous areas where we have dipped to .29 which was followed by a nice bull reversal. What we should continue too look for moving forward is a dip too the resistance, followed by momentum loss for the bearish trend followed by a engulfing green candle to get the reversal initiated.
*Not Financial Advice