Doge has been in a long descending channel ever since Elon made his appearance on SNL. But now that the memes have faded it might be time for Doge to make a resurgence.
We are seeing a double bottom on the weekly with a slight bullish divergence in RSI. If there is a breakout from this channel then watch the 50ma ~$0.12 for profit taking
About that historic top in the 2017 cycle and incredible downfall afterwards. Oh, and we just popped right through that level this cycle? I think we are heading for a backtest of the ~$18-20k range in the next few weeks before we head higher again. Prepare yourself.
This is a possible megaphone pattern setup on the monthly timeframe. January would likely close around $30-32k and then up from there to ideally breakout, re-test, and continue towards $100k.
Doge has no doubt created a new sector of meme coins in crypto and as the segment leader (despite a brief flipping by SHIB) it looks primed for higher. Mid-Oct breakout from channel and then a re-test of that channel along with a retest of the 50ma. Additionally, the RSI has been bottoming out around the low 40s range that has typically been a good buying...
We're within striking distance of the psychological $100k mark and I do think we will flirt with it, although not sure it will get broken in the near term. Mid-April we should see a peak followed by a moderate drop that accelerates into a sharp drop bottoming June/July at $45-47k area. Depending on how that goes will determine if we revisit $100k for a...
We've been waiting for a long time, and we are finally here. BTC is walking out the top of this wedge that has been forming over the past 3 years. I wouldn't be surprised to see a quick shakeout down to $6k but by the end of 2021 we are will touch the $18k-22k range. Position yourself accordingly.
I expect a bearish back half 2019 for BTC price and am looking for a re-test of the lower diagonal trend line pictured here. I also am keeping a close eye on the weekly 200MA and expect that will be respected and hold above on a weekly close basis.There will no doubt be some mini-bulls along the way, but this is my overall projection.
If we touch the weekly...
Descending wedge working its way to the very end. We had a false breakout with low volume and it met resistance at the 50MA and fell back into the wedge. Keep an eye on this for a healthy high volume breakout above, and a retest of the upper trend line after the breakout. The wedge height is approx $2200, so that gives a rough target if we successfully breakout...
This is an updated descending wedge from previous idea, now with more clarity. I am planning on taking 1/3rd position at the 3 green arrows indicated, retest of bottom trend line (if we see a retest), breakout of top trend line, and retest of top trend line from above (if we see a retest). Ideally, I would like to see that 200 MA line up with the bottom trend line...
Looks like another ascending broadening wedge formation potentially. I'm looking for a partial decline from this touch of the diagonal ascending trend line and will take 1/3rd of my long position once we have 2 green 4h candles after a descent. 1/3rd more position after the trend line break and last 1/3rd if we get a 4h candle retest the diagonal line from above....
Ascending triangle formation in BTC. Look for 1 more touch in the $9335 region and possibly one more touch in the diagonal ascending line forming the bottom of the triangle. After that price target of $9800. Additionally, we are seeing hidden bullish divergence on the higher low price and lower low RSI.
