RandomOracle

DOGE Logarithmic chart says we've topped out

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POLONIEX:DOGEUSD   Dogecoin / US Dollar (calculated by TradingView)
POLONIEX:DOGEUSD

Last time DOGE hit the top of the logarithmic channel we retraced to the bottom of the channel..

We touched the top of the trendline & will likely see a painful, slow drop back to the bottom of trend

Comments

This didnt age well
+3 Reply
joshhaz jrworsech
@jrworsech, haha no, no it didn't. Doge is still grinding. I mean I'm sure it will drop back down to the 0.048-0.052 resistance again or at least 0.055.But this rally may at least keep it alive for awhile and restore a bit of faith in it. That 0.05 resistance does seem to be strong. I think if it gets back down to that point I'll probably rebuy (I initially bought $800 at 0.032 then sold at 0.067 to make roughly $1000 profit (I made a few trades along the way. I actually sold at 0.08 after Elon's tweet then rebought at 7.3 but then it looked like it was slowly going to die so I sold at 0.067 because the feeling was that it was just slowly going to die and I figured I'd rather invest in a different crypto like ethereum (which I'm glad I did because it's been doing well). I should have just bailed completely at 0.08 but I can't complain with a 125% profit on a meme coin.
+1 Reply
RandomOracle jrworsech
@jrworsech, This idea is perfectly intact until DOGE breaks the logarithmic upper trend line, above 9c lmao

Come back in a week or 2
+2 Reply
DukeDinhd6 jrworsech
@jrworsech, it's topped out at 8 cents already dummy
+1 Reply
@jrworsech, This aged perfectly as intended. tf you talking about?
+1 Reply
I like how you've tackled this analysis.
+1 Reply
@abel11 Appreciate the Feedback
Reply
sold when it was 0.75 😁 with the same view in my mind.
+1 Reply
@srinath1908 Nice one, Always risky to hold an asset that's at the top of it's macro trend
Reply
Good view, thanks for sharing
+1 Reply
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