Updated

Doge back down under $0.05

Momentum diverging on the weekly.

MACD crossing over.

RSI diverging.

DMI shows momentum shifting.

Square up at $0.10 and $0.04-02

Good luck out there hodlers. Doge is coming back down to find support. I dont care what the F elon says. The chart says it all.

Be aware of a short squeeze with exhaustion as the market will wreck any early shorts as we hunt for liquidity.

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Long Term view still intact here. Doge will find .10.

But for now, We could see a short term counter trend back up. Two red boxes are areas I believe could cause a termination of that counter trend.

An extreme exhaustion push here would bring us to the white .833, but my bias doesnt think we will get there - but the chart says its possible, so i must respect it.

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We got our short term counter trend back up we were expecting back on Aug 3.

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We still could see a push back up to the white .618 and second red box before we see a continued push back down to our larger targets.

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For those that say under .05 is impossible, this chart may help you visualize how we could see a fractal play out from 2018 bear market

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This fractal is still playing out well. How long will it continue?

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Lets catch up here.

Fractal still playing out to some extent. Remember that was just to give you an idea how it would look visually to get to my orange box and possibly .05. So we arent expecting it to be exact.

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Lets keep it simple and just look at they dynamic support/resistance with our large time frame moving averages.

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We have finally hit the blue moving average and IMO if we were to be bullish and continue higher, before going lower, then we would have found support on that moving average.

Now we cant get to far ahead of ourselves, this could just be a liquidity grab near a moving average and we could still head higher from here, but imo thats not the likely path.

Last week we had our first open and close under that moving average and today our new candle opens under it. There are 6 days left on this candle, if the week closes out under that moving average, then im looking towards the weekly green moving average.

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Looking at the daily, it doesnt look good.

We are under the 300 simple moving average (yellow) and have retested it as resistance. Thats a break and hook back. Next comes the go and continuation of the originating trend.

There is a dirty square up identified in the purple dotted lines. Thats my first target.

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Some will say that this freak was because of bitcoin blah blah.

The move was setting up in the charts well before.

They pushed it deep, watching for a small counter trend back up as the daily moving averages hook around and crossover.

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Barely a counter trend from that extreme sell off. Not a good look for this. Short term emas are suffocating price again.

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Dec 5th - I warned of a counter trend back to retest the break of the daily 300 simple ma.

Well, they told yall it was because Elon tweeted about doge coin.

When you gunna realize Elon doesnt move these markets he simply influences uneducated retail traders to make decisions they shouldnt. Elon may be the richest man in the world, but he does not run these markets, control them, or print the candles. There are larger forces at play here.

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BuT eLoN tOLd Me It WaS gOiNg Up!

Put the retail moving averages on the weekly this time. 21, 50, 200 sma's

We could see another short squeeze here and retest this crossover as it happens. Thats the risk for shorts.

This is not what healthy price action looks like if you are holding bags from the top!

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" Lower Lows, & Lower Highs;
Underneath Overhead Supplies,
Bull Traps Create Retail Demise! "

Dont get caught in the fomo. Heavy resistance above. Going to take a lot to turn this thing bullish.

Pumps do not = bullish price structure.

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Did elon getcha again?

I told you on Jan 5th, watch for the short squeeze and retest of retail moving averages. Watch for a pump to grab early short stops and suck in retail longs

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Watch these trendlines. They will have a lot of eyes on them, they will use them to trap.

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We started to talk about this fractal on Aug 26th. Its still playing out. It still shows how its possible to see a larger short squeeze and for us to still see under .10

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We have not got our short squeeze yet.

I can feel it coming. Unless, they are going to pull the bid and let this thing fall through.

Becareful out there.

Remember this,

Lower lows and Lower Highs
Underneath Overhead Supplies
Recipe for Retails Demise

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Nothing has changed for me structurally.

Watch for the squeeze still.

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The squeeze looks primed and ready to pop. Twitter news will probably help sustain this push.

Becareful the buying can dry up real fast on these types of moves.

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Never got the squeeze before the blood came!

Nearly a year later nearing around that $0.05 price level.

I caught so much crap from the trolls on here when I first made this post.

Well.. Here we are..

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Well cant say I did not give you ample warnings and guide you down through this the entire way.

Still dont think we will see under .05? LOL Better hope those weekly 300 and 400 sma's hold

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Officially, official.

.05 target has been breached. This psychological number could see a counter trend form along with a lot of these alts. This current sell off has been brutal and a possible breather should be nearing. - If not hold onto your hats this is going low.

Taco0o0o

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Taco0o0o

thetradeschool.net/courses/placement-exam-fast-start-to-trading/ -College Level courses I dare you to take the pretest! See what u know free!

Reach out for a discount code for our beginner course!

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