DOGE May find support at 0.09xx by then end of March
The Pink triangle shows the different angles at which DOGE may go down to the Pink rectanble area.
Volume points to an area between 0.0964 and 0.0997, that is the Horizontal Pink rectangle, the blue round shadow is where it could spike down like it did on JAN 22, 2022 and
Feb 24th. 2022, to form a triple bottom, good area to put a LIMIT buy; but evidence of strong positive volume must be present.
The parallel PINK rectangle is the area where it should start showing signs of a reversal but must be accompanied by strong positive volume, as confirmation, watch for the daily volume
Ito go outside/higher than the lilac TRIANGLE, that could be a change in direction.
Good Luck
Volume points to an area between 0.0964 and 0.0997, that is the Horizontal Pink rectangle, the blue round shadow is where it could spike down like it did on JAN 22, 2022 and
Feb 24th. 2022, to form a triple bottom, good area to put a LIMIT buy; but evidence of strong positive volume must be present.
The parallel PINK rectangle is the area where it should start showing signs of a reversal but must be accompanied by strong positive volume, as confirmation, watch for the daily volume
Ito go outside/higher than the lilac TRIANGLE, that could be a change in direction.
Good Luck
Trade active:
There is a change in direction, it has penetrated the intersection of the top of the PINK triangle with the grey thick line, and found resistance at the top of the very faint grey line channel, this is a positive change there was a block of 60 million shares at 0.1121 to 0.1216....it may very quickly spike down to the pink rectangle to quickly reverse up. There is very little volume between 0.09 and 0.11
Look at this chart on the weekly, it seems it will hold at the bottom of the black chanel as the strong resistance has been broken.
Look at this chart on the weekly, it seems it will hold at the bottom of the black chanel as the strong resistance has been broken.
Trade active:
MARCH 25th. 2022, Finally some good volume has come in and sprouted out of the Lilac Volume chanel at the bottom.
You need to extend the red line over yesterdays HIGH of 0.1413.
The yellow sideline over the VOLUME BY PRICE pointed to a low of 0.1155 but the actual low was 0.1099.
It may retrace to 0.1304 or 0.1299. It is still under the negative spell of the triangle, and 0.2000 is the area where with good positive volume it may finally take off.
You need to extend the red line over yesterdays HIGH of 0.1413.
The yellow sideline over the VOLUME BY PRICE pointed to a low of 0.1155 but the actual low was 0.1099.
It may retrace to 0.1304 or 0.1299. It is still under the negative spell of the triangle, and 0.2000 is the area where with good positive volume it may finally take off.
