DOGE - Taking Profit Again

Big wick here out of ascending channel and i'm selling my swing position.

Not advice.

Comment:

For DOGE here I have set an alarm on the 1H RSI at the lower band. If this is a minor correction then it should be a reasonable area to buy back in without too much head scratching. If I get the alarm I will have a look at BTC before re-entering.

Comment:

What the mini blow off top shows is that it is very likely the end of the wave and so there should be 3 waves down and probably a 1:1 zig zag.

And from the potential "B" into "C" the engulfing momentum candle eats almost the entire B wave and so the short term trend is now bearish.

1:1 hits $0.066 so my buy order will be there for hopefully a 9% gain.

If price doesn't behave can always re-join the action where the exit was for no loss.

Comment:

I've bought back in. DOGE has held the area, BTC also still holds its area. I sold because it was obvious to do so but there's nothing obvious to the downside now so I revert back to swing hodl and have re-entered all alt positions.

Comment:

So in the end the ascending channel did break to the downside with BTC moving down, but for too elusive currently for me to trade, I will hold my position from here.