Logarithmic Regression for Dogecoin
Just a very rough idea, mostly hand drawn to fit, using log-log as the basis
Note
Looks like we've broken support on the regression here. Next stop around the 3-3.3c mark if the model is right.Note
Clearly bounced instead. Next stop 8-11c?Note
Current breakout from very long term wedge on log chart of about 25-30c. This matches up with the log curve above. Would like to see a re-test/confirmation of log curve we just broke over at around 8.7-8.9c before continuation.Note
Whole market looking more bearish at this point. Easily could see a final capitulation to 3.6c or so, unless conditions change soon. Even if it went lower eventually, it usually has a strong bounce on these lower bands. Lowest is now around 2c, if it struck that I think that would be a great time to all in. No guarantee's in life.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.