This is what has currently happened. There is a weekly swing high which we have consolidated at, ran it once then ran that initial run before breaking down and clearing out the low of the consolidation and running into discount of the range between the highest high created and the high of the monthly swing high. On the H1 there is an FVG at around 29cent which...
Doge has been in consolidation for some time now, which is to be expected after extended periods of expansion. I am not trying to call a bottom, I am simply pointing to what I think based on the charts. If it does not run from here, then I see the 3 equal lows being ran before continuation can continue.
I am not seeing the strength I would have liked to see so what I am going to do is sit and watch price unfold. The levels I would like to remain intact is on the screenshot. If a break below that low, I would assume short term shorts. Quick edit, back above the highs which ran the highs will resume my bullishness. Watch and shoot.
Good morning, As you can see we have broken above that high which I believe we should now see continuation higher. It should run the highs created in this range and then continue on further. We should see some support around 0.3830 to 0.37775 Should see it run the highs created and then up towards 0.54 to 0.60
As you can see we finally ran those lows but we have only just poked below the low at 0.34006. It is still possible to reach down to the .32 area before moving higher. We have some what of a bull flag forming on the daily so we may not move for a few days yet. Potential downside between 0.327 and 0.298. Next upside 0.60
So I believe that this won't run lower than the lows it has created. It has tried and failed multiple times and now the weekend is upon us and the dollar is no longer trading, it gives crypto chance to stretch it's legs. It is showing strength to move higher from here.
This is setting up a run lower to clear out the lows before rallying to 60 cents. I don't expect it to go any lower than 0.2875. It might look scary but it'll be a good place to buy more. Queue the people crying crash. It it doesn't and it runs from here, then it will show more far more strength than I had first anticipated but logically it makes sense to run...
As I said back on September 28th, that retracement would be ran through very fast and it played out like text book. I believe this won't spend much time as it races towards 35cents When we run above the ATH at 74cents, this has so much strength that I believe we may see $32 as a spike. Do not be surprised to get a minor retracement at or around 35 cents and or 74 cents
So as I posted on the 28th of september, the bullrun has been delayed but the time was ripe for it to start. As I previously said, the entire retracement will be ran through very quickly and we are right on track. It has currently ran the two internal highs, I assume with the election that it will fall short of the high at $0.2288 then at election it will run...
Naz is generally the thing I trade. We've ran into a discount, broke structure on the 1 minute after running equal lows on the M5 then breaking short term high on M1 inside a M15 FVG. Target is the H1 equal highs at 20293 Will only trade today and tomorrow due to NFP week.
The bull run has been delayed but it looks like the time is ripe. We have moved into a deep discount and the market has finally shown it's hand to move higher this week. The support is market out as the weekly bullish OB. The break above the bullish OB high shows the change in direction. The retracement shown will be ran through very fast.