As 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...
Here 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...
The next Bullish Target Prices we're looking for is .34 & .42 which I have highlighted here. I believe getting great news from the Senate in regards to the Infrastructure Bill, it's Bull Market 2.0!
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...
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.
As you see here once we break this Consolidation phase into a Bull run well jump too .40+. I still believe we'll see 1 more pullback before the next Bull run so be ready for that this week.
On 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.
We 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.
As you see here were riding above the 200 EMA while hovering above the lower resistance, I do believe we should get some help from the Asian Investors tonight which would get up on the next leg up.
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...
As you see on the 30 min chart we were in a wedge pattern just above the resistance & now we have broke through the upper trend line & now on a retest. Placed a Scalp Trade here since we have a solid bottom as well as had a bullish break through the wedge.
As 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...
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...
As 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