It's surprising that -despite the enormous hype- DOGE bull run basically complied with very basic AT rules / patterns (so far):
* Bull run was constrained within a clear ascending channel. * The second high was basically 1.618x the first one. * The recent pullback found support on channel support and MM20 middle line (neutral trendline).
So what should we consider now ( UNBIASED OPINION ) ?
* Ascending channels tend to have a down breakout. * MACD is nearing a bearish cross. * Parabolic SAR flipped down. * There is a noticeable bearish divergence on RSI. * A further test of the support of the channel seems likely.
Will Mr. Musk be able to counter this bearish bias for long ? Who knows, personally i have some doubts.
I'd watch support as i think a further test is likely. Under that support / MM20 bears would likely get the upper hand.
So play safe.
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Further test of support ongoing.
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Found support.
If BTC holds will try to bounce. Anyway, be cautious.
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At support again, after the bounce.
Careful, it may plunge.
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*IF* support fails (on daily close) price may retest 0,4$ area again. By doing so it would increase the chance to form a descending trinagle whose target sits below 0,30$.
So be careful.
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Watch that support.
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Went well below 0,30$. 0,21$ actually before bounce. Mostly due to Bitcoin slump.