Hey yall, Looks like a crazy chart but this is what you need to know.
1 hour chart view
Not financial advice don’t invest what you are not prepared to lose, if that’s your life savings then I hope you have a lot more life to live.
Black – Currently DOGE is in a bullish flag pattern, these usually turn to positive upsides after we get close to the end of the sector.
Grey – Previous all-time high 67c
Purple - It looks like we are in the same pattern last time when we failed to pass the previous ATH. If you look at the THUMBS up for the MCAD last time we were in this formation it made a V formation where it retraced toward ATH. Doge was not able to top it last time but with the attempt running to the ATH right about the time Elon is going to be on SNL who knows a few shiba inu/Doge sketches might just be enough to get past ATH and on our way to the dollar.
Red – If we are NOT able to get past all-time highs during or before the SNL skit then you can look for a retracement down to where the major SMA line is around 35-40c. This previously happened last time we were in the bull flag to V formation and we tested the ATH and were denied, these retracements are outlined in blue circles.
Happy trading.
1 hour chart view
Not financial advice don’t invest what you are not prepared to lose, if that’s your life savings then I hope you have a lot more life to live.
Black – Currently DOGE is in a bullish flag pattern, these usually turn to positive upsides after we get close to the end of the sector.
Grey – Previous all-time high 67c
Purple - It looks like we are in the same pattern last time when we failed to pass the previous ATH. If you look at the THUMBS up for the MCAD last time we were in this formation it made a V formation where it retraced toward ATH. Doge was not able to top it last time but with the attempt running to the ATH right about the time Elon is going to be on SNL who knows a few shiba inu/Doge sketches might just be enough to get past ATH and on our way to the dollar.
Red – If we are NOT able to get past all-time highs during or before the SNL skit then you can look for a retracement down to where the major SMA line is around 35-40c. This previously happened last time we were in the bull flag to V formation and we tested the ATH and were denied, these retracements are outlined in blue circles.
Happy trading.