DOGE has been thru some interesting price movement, yet despite the corrections it keeps wanting to re- test this diagonal resistance (dark purple line from left to right on chart). Right now DOGE is here again. Can it pass thru or face utter destruction? Support has been building since 9am CT .
Lets see what unfolds. There are other areas of resistance, but this has been the major one that has been in play since the ATH dump.
A move through this area takes us upward to the next line of resistance.
A dump leaves DOGE dazed and confused lol
Remember set your stops (if you use them- I dont).... but be safe than sorry if your new to trading crypto.
Lets sit by and see what happens. Remember patterns can always fail. THE KEY is "seeing the pattern". We have a bearish crab and a bullish butterfly in play here and a bearish crab sitting on top.. so its very likely we get a move up and then a flush back down.
A unhindered long move could run to 0.0725 conservatively. This is a high risk trade. I kinda like em like this.
Lets see what unfolds. There are other areas of resistance, but this has been the major one that has been in play since the ATH dump.
A move through this area takes us upward to the next line of resistance.
A dump leaves DOGE dazed and confused lol
Remember set your stops (if you use them- I dont).... but be safe than sorry if your new to trading crypto.
Lets sit by and see what happens. Remember patterns can always fail. THE KEY is "seeing the pattern". We have a bearish crab and a bullish butterfly in play here and a bearish crab sitting on top.. so its very likely we get a move up and then a flush back down.
A unhindered long move could run to 0.0725 conservatively. This is a high risk trade. I kinda like em like this.
コメント:
This is going to take awhile to manifest either way... get ya popcorn
コメント:
I was incorrect the purpose formation is actually a bearish shark which we just moved downside for. Now all that stands in the way of upside is the diagonal resistance- which has already been broken a couple of times now. Lets continue to monitor. I entered into some heavy trades at yellow line and again at the 0.0588 mark.
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Moorsc0de aka Crypt0nomics aka Zaphkiel