Parallel channel defines uptrend.
1 (bottom) and 3 (pullback to support) never move.
2 is variable and can be adjusted vertically depending on extension.
The circled region after 3 (where DOGE has traded since February) can be thought of as a deviation of support or deviation of the lower bound of the channel, the bankers creating an opportunity for themselves to steal as much as possible at discounted prices.
Once back inside the channel, I believe the accumulation will be done.
Inevitably, we will run the other side of the this channel.
1 (bottom) and 3 (pullback to support) never move.
2 is variable and can be adjusted vertically depending on extension.
The circled region after 3 (where DOGE has traded since February) can be thought of as a deviation of support or deviation of the lower bound of the channel, the bankers creating an opportunity for themselves to steal as much as possible at discounted prices.
Once back inside the channel, I believe the accumulation will be done.
Inevitably, we will run the other side of the this channel.
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