Hello traders, after yesterday's correction Doge is back in the game, today is still a correction. At the moment, the price may break back up to the limits of the previous 2 highs at any time, but it may also throw one more foot down for the MA200 support on the 15-minute chart with the momentum dropping the price down to 0.11 cents. Watch the price movement carefully.
I would also focus on the fact that we are dealing with an ascending triangle, which may result in a strong breakout, marked on my previous chart.
Let me remind you what technique I use, namely the Gann technique
Gann fans are a form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. The 45-degree line is known as the 1:1 line because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time.
Good luck everyone
I would also focus on the fact that we are dealing with an ascending triangle, which may result in a strong breakout, marked on my previous chart.
Let me remind you what technique I use, namely the Gann technique
Gann fans are a form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. The 45-degree line is known as the 1:1 line because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time.
Good luck everyone
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