marktiu

DOGE HITTING DEC 2021 RESISTANCE LEVEL

Short
marktiu Updated   
BINANCE:DOGEUSDT.P   Dogecoin / TetherUS PERPETUAL CONTRACT
We see DOGE have a nice rally to the upside, over 150%

However, we are reaching a weekly level from Dec 2021, which may act as resistance.
Along with DOGE hitting a key 0.618 fib extension level 0.1405
Comment:
Please see the chart in ltf's

Trade Safe Friends :)

Comment:
2nd Update on DOGE:

Please see the chart shown :))

Comment:
This update goes out to woutergelaude2's query:

We see DOGE has a descending resistance.

If it continues downwards, the most likely level to test as support is at 0.86
Which is the Daily Level DOGE was unsuccessfully been able to break from May to Oct 28, 2022.

If DOGE does reach that level, I would be more inclined to open a long trade.
confluences such as bullish candle closes.

Please see the chart below (or above)

Comment:
We see DOGE break above the weekly and attempting to find support.
However, in the lower timeframes, it is showing signs of price exhaustion.

My target, if DOGE is to make one last move, is the liquidity level.

Please see chart shown below:

Comment:
I'd like to give one last update for today, I dont want to keep spamming everyone with it :')

IF DOGE is able to test the weekly as support, you may want to wait for a continuation to the upside, based on this pattern:


One reason why I'm unsure of this bullish pattern is because it will typically form at the bottom of a trend. Not the top.

Safe Trading Fam <3333
Comment:
This is DOGE's measured move, IF the Adam & Eve pattern is valid:

Comment:
Adam & Eve Pattern Formation: Validated

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