This 4hr chart has me howling for the moon for DOGE!
It looks like we have broken out after retracing to the .786 Fib.
If a rejection happens at or around the .5 Fib I'd look for a solid bounce off the purple rising trendline.
If we touch the purple trendline it could send Dogecoin into a parabolic uptrend to test resistance at the previous ATH.
Here is a little more detail. We could be backtesting the .5 Fib as support.
What are your whiskers telling you about Dogecoin?
Owhooooo!
It looks like we have broken out after retracing to the .786 Fib.
If a rejection happens at or around the .5 Fib I'd look for a solid bounce off the purple rising trendline.
If we touch the purple trendline it could send Dogecoin into a parabolic uptrend to test resistance at the previous ATH.
Here is a little more detail. We could be backtesting the .5 Fib as support.
What are your whiskers telling you about Dogecoin?
Owhooooo!
Comment:
The sweet spot. Owhooooo!
