DESCREPTION:
- In the chart above I have provided an analysis for a couple possible scenarios that may occur for DOGECOIN despite a lack of fundamentals or investor interests.
POINTS:
1. We can see that DOGE likes to have a deviation of 0.03000.
2. Observe MACD below chart you can see that previous squeeze was predicted by a steady MACD that held a consolidation zone which appears to be what is happening now.
3. The monthly trend line on the monthly indicates that we are coming to an end of bearish momentum.
4. On the weekly if you observe the BLUE LINE trend you can see we have an ASCENDING BROADENING WEDGE.
5. Around January 20th if price action is to stay within current supply pocket price will begin to squeeze tightly this can be a catalyst for a short squeeze since we will be having the monthly and weekly pattern expire.
6. 0.07000 is a very crucial threshold to hold in order to invalidate bearish momentum and to validate current setup.
DOGEUSDT
- In the chart above I have provided an analysis for a couple possible scenarios that may occur for DOGECOIN despite a lack of fundamentals or investor interests.
POINTS:
1. We can see that DOGE likes to have a deviation of 0.03000.
2. Observe MACD below chart you can see that previous squeeze was predicted by a steady MACD that held a consolidation zone which appears to be what is happening now.
3. The monthly trend line on the monthly indicates that we are coming to an end of bearish momentum.
4. On the weekly if you observe the BLUE LINE trend you can see we have an ASCENDING BROADENING WEDGE.
5. Around January 20th if price action is to stay within current supply pocket price will begin to squeeze tightly this can be a catalyst for a short squeeze since we will be having the monthly and weekly pattern expire.
6. 0.07000 is a very crucial threshold to hold in order to invalidate bearish momentum and to validate current setup.
DOGEUSDT
