This Harmonic Pattern indicates we will see a nice Uptrend next. Also taking a look at the RSI you see we've closed in on the Oversold indicator which gives us confirmation that we may see a Reversal to the upside. If we do break through the bottom of this wedge pattern we may see a Retest then another Large Pullback. I'm Bullish for today.
As you see here I have went ahead & broken down the Doge chart into phases. Starting from the left we were in a Wedge pattern then had a breakout to the upside in a Uptrend Consolidation. We just had a large pullback followed by a nice spike which is a Retest Phase, we very well could still see a Downtrend play out. But as the RSI indicates we have been...
We've got two Bullish Indicators, the RSI indicates we are breaking above the Bearish trend which was a Triple Top & we reversed that quickly. We also just broke out of the top of this wedge pattern & had a retest, typically a Bullish trend follows. Let's see if we can reach the .30 resistance heading into Friday.
Here I have laid 3 sets of resistance lines which we should pay close attention too moving through the month. If we get caught up in the Infrastructure Bill & it through the weekend we may see a pullback for consolidation then reaching .35 moving into September. If we're able to get clear of the Bill we will continue on the nice Uptrend with slight pullbacks. We...
The next Bullish Target Prices we're looking for is .34 & .42 which I have highlighted here. I believe getting great news from the Senate in regards to the Infrastructure Bill, it's Bull Market 2.0!
With the Fib Retracement tool as are approaching the Golden Line typically sens you into an Uptrend! The next 4 to 5 hours will indicate if we'll be on another Uptrend & create another Higher High, or if we break the Golden line well need to pay attention if we fall all the way back to the previous Higher Low or if we drop below it. Very exciting wekcahead for...
doge/usd H4 buy....................................................................
This is a 15 min chart indicating we should see a slight dip in price then work through the top of the Pennant followed by a Retest then a Massive Uptrend. The RSI also indicates a Triple Bottom which means a massive move is coming over the next few hours even leading into the week ahead.
I do believe we will continue to create even Higher Highs with the Infrastructure Bill coming to a close, which will lead to the next Bull run if it goes in our favor.
On the 4hr chart we previously broke out of a Consolidation Phase now on a Retest, next we will be looking for support at .193 This will be a key resistance heading into the the weekend, if we break that resistance we may fall too .183 before we can test another Uptrend. We may be in a large Consolidation Phase through the weekend if we do fall below this key...
Is this Elliott's Wave fixing to break out of the top of this Wedge... Let's see if we gain enough momentum to push us above the 200 EMA & get a nice Uptrend going heading into the weekend. Very easily could fall short & end up in a Consolidation Phase.
On the 1hr chart we've been in a wedge pattern just under the 200 EMA. We may see a slight pullback towards a resistance line & see a nice uptrend as we move through Friday afternoon. Or we could break below this resistance followed by a retest then a large pullback. We may be in for a long Consolidation as we ride through the weekend.
On the hr chart you see we just broke the previous downtrend with a nice retest, now we just had a nice push through this resistance with a nice pullback unfolding. Once we hit the resistance I do believe we will jump off then cross over the 200 EMA followed by a nice Bullish trend moving into next week. If we have a large pullback that falls below this...
As you see here once we break this Consolidation phase into a Bull run well jump too .40+. I still believe we'll see 1 more pullback before the next Bull run so be ready for that this week.
As you see here were riding above the 200 EMA while hovering above the lower resistance, I do believe we should get some help from the Asian Investors tonight which would get up on the next leg up.
Bounced off the lower resistance with an Engulfing green candlestick as well as crossed over the EMA! Should see a nice Uptrend from here, may see BTC with a large pullback which would break this trend & send us in a bearish reversal.
I do believe we will have a slight pullback to .186 price followed by a nice Uptrend moving into the morning. That is of course if BTC doesn't have a massive sell off, which could have us fall too .178 or even lower. I will continue to update you moving through the early morning & into the afternoon.
Once we break through the wedge I may place a Day Trade here once we get the confirmation. We may be on a nice Bull run moving through the morning if we are able to get the confirmation & nice Volume. If not we may fall too .177 which is a solid bottom for us.