Interesting scope here I have seen. Of particular interest are the projected angles.
We are currently testing .52 new support level (?) If we drop below too far, we may retest the 0.41 level. The same for the next strong support at .35.
Top three lines could be the next tops coming in, in the next few days/weeks.
Another variation of this would be moving sideways for some time ahead before further projected angles have influence. Time scaling is a difficult thing to predict, so the timeline here, if off in a minimal way, could actually in a time sense be further off, or even closer.
Let me know what you think.
Not investment advice. Please do your own DD & research.
We are currently testing .52 new support level (?) If we drop below too far, we may retest the 0.41 level. The same for the next strong support at .35.
Top three lines could be the next tops coming in, in the next few days/weeks.
Another variation of this would be moving sideways for some time ahead before further projected angles have influence. Time scaling is a difficult thing to predict, so the timeline here, if off in a minimal way, could actually in a time sense be further off, or even closer.
Let me know what you think.
Not investment advice. Please do your own DD & research.
Comment:
We are back to testing 0.49, just below the trend buy line. If we break this support line, we could test lower support levels. Retesting of 0.49 is not a major concern, there has been pressure all day, a fight seemingly between upward movement and downward movement.
Very strong resistance at 0.525-0.54 or so and then strong support at 0.48-0.49. Seems we may be caught in some major players timed stop loss and limit buys or even active trades directly targeting these values. Just my interpretation.
Very strong resistance at 0.525-0.54 or so and then strong support at 0.48-0.49. Seems we may be caught in some major players timed stop loss and limit buys or even active trades directly targeting these values. Just my interpretation.
Comment:
We appear to have busted through the line. If we go much further, hard retest of .45 is imminent.
Comment:
A day or so more and we should begin climbing. The swing down was expected, even if it is a little more defined.
Have to keep a close eye on this one. I don't believe $doge will make it to a full $1 before retracing and building support again. Maybe 0.75-0.78 range before the dip lower and then back up to around 0.9 - .097 before repeating prior cycle or entering a lower channel to consolidate before heading even lower for retest.
Not investment advice.