Elijah144

A year in the making... the outcome?

Long
Elijah144 Updated   
BITTREX:DOGEUSD   Dogecoin
During the previous consolidation, once Doge passed the only blue vector candle it printed it went parabolic. Doge has been consistently trading within the ranges of the outer five vectors on each side. There have been a total of six blue vectors and six pink vectors during the last six months, with the center two vectors—the two within the green triangle—representing the launch pad for Doge to make a new all time high. We will continue to trade within these ten vector ranges until a decision is made to go up or down. If the price starts getting back down to $0.18... $0.17, that's probably pretty grim, but if we get back up to at least ~$0.28, then this should fare us very well for going upwards. We could see a slow rise until the high $0.20's to mid $0.30's—the $0.40 range is a massive price to look out for because of the vectors and it being the first top of the last bull run—and then absolutely take off like before. Previously, with the test of the middle blue vector, like we did Oct. 28 ( the two red circles), there was a subsequential downside followed by slowly trading upwards in the range of the blue vector, only to pick up parabolically once confirming the breakout. All in all, whatever the outcome may be... Doge is ready to make a move. Elaborates on related idea.

Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.