DOGE - 11/5/2021
Updated
The chart's a little messy so bear with me.
Drew a fib from this years earliest peak and dip and have been using that to see general trend support points.
We've been trading in a tighter range with shorter frequencies between dips and peaks for the last week, with .259 showing solid support in this range.
Buying pressure was important for DOGE to stay above this range. Volume is steadily increasing as we progress into this pattern and I'm very bullish on doge. Momentum seems to be picking up and if the next hour or two prints us moving upwards out of this wedge, I'd consider it a confirmation that the trend is up and might buy more.
Drew a fib from this years earliest peak and dip and have been using that to see general trend support points.
We've been trading in a tighter range with shorter frequencies between dips and peaks for the last week, with .259 showing solid support in this range.
Buying pressure was important for DOGE to stay above this range. Volume is steadily increasing as we progress into this pattern and I'm very bullish on doge. Momentum seems to be picking up and if the next hour or two prints us moving upwards out of this wedge, I'd consider it a confirmation that the trend is up and might buy more.
Trade active
Trade closed manually
Cut losses at .245 yesterday. Repositioning at .2250Trade active
Buy order went off successfully at .225 but the chart still looks to be in decline on the daily and 4H.Looks to be solid support at .236 on the fib, but I wouldn't be the least bit surprised to see doge drop to .1950 and us finding good support there before the bears tire themselves out and things begin moving upward again.
Note
I fomo'd back in....
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