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
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Please see the chart in ltf's
Trade Safe Friends :)
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2nd Update on DOGE:
Please see the chart shown :))
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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)
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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:
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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
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This is DOGE's measured move, IF the Adam & Eve pattern is valid:
finaly somebody how can explain it in understanding language. most of the analysts give an explanation in the believe everybody has the same level of knowledge about analysing crypto. Believe me it's not. thx for the clear vieuw and insight in your analyse.
For sure man, I totally understand where you're coming from.
I was fortunately to have a really good mentor and the only thing he asked, in return, was for me to pay it forward.
So here I am, paying it forward :))))
Keep an eye on the FOMC meeting tomorrow and the next day. We may just see DOGE reach the 0.86 level mentioned earlier <333
woutergelaude2
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@marktiu, thx. how come you analysts often use the fibonachi levels. Is that a proven theory witch always works or??? I have seen fib in math class 18j ago, but i did not choose financial direction to study so i don't know it in that way. it's just more often that once an analyst reaches some kind of level, they switch to fib.
Most trading bots Market makers (hedge funds) create are constructed to trade from fibonacci levels.
Although I use fibonacci levels, it's only 1 factor of confluence for me. I do no entirely depend on it. :)
Moreover, apparently it's universal numbers built based on our world. Tbh, I just think its mostly due to trading bots being programmed to trade that way...
woutergelaude2
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@marktiu, hoi hoi. looks like its goiing the wrong way. 🤔
What you think of the price wright now?
It will go any further down or rather up?
kind regards
wouter