DOGE looking MUCH better on the weekly chart than my previous published post from May 22, 2021 (link below). We're finally in the oversold area. The question now is how long will we stay there? My downside targets for DOGE in my previous post were somewhere between .2 and .25 and I think we are still headed there - at least to .25. I would be patient to the long side on this one if you do not have a position (I built my position with DCA a while ago and that is what I would be doing here if I wanted to add). Also, bear with me as I am still learning how to publish these ideas on TV to make them valuable for ppl. Throw me a follow if you enjoy the analysis - I will follow back :) thanks
I agree, it has been for a while. You are correct about oversold, confluence with my ideas. I do think we need to stay above 0.30 however or face another major downward trend because most will see this as confirmation of H&S. What do you think?
Acsizer
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@er453d, To be honest, Doge on weekly timeframe looks a bit scary and if it wants to be a legitimate coin, we could see some downtrend to insure the coins structure.
neomorph57
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@er453d, nice chart. i hope you are right. but i do think we may see mid 20s this summer before big buyers come in - regardless of bearish pattern confirmation. in fact, baiting shorts to pile in may provide the squeeze we need to see the next big move up.
er453d
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@neomorph57, You could be correct. I am watching closely the 0.30 mark. If we descend beyond that, could be invalidation of sideways movement. Its a difficult chart to read at the moment.