Compared to some of my other small caps, this isn't doing as terrible in this market turmoil. It's been mostly sideways bouncing off oversold on the daily for over a month now, still in the descending wedge but it's not showing any strength yet and lost a short term support at $1.10 I was watching. Next support seems to be $1. RSI on the weekly is not oversold...
We either break RSI resistance and head to test the downtrend or head to 44,500 next. Right now we are in a bearish ascending broadening wedge on the hourly.
As you can see we have formed a bullish descending wedge. RSI went oversold and is recovering now. Price is flattening and MACD is about to cross over. I think we go to test the downtrend by EOY. If we get rejected, re-test and breakout may come 1Q 2022. PT $4+ Lots of advancements coming out in the sector and by Cybin!
As you can we have a series of bullish descending wedges. RSI has just about bottomed out and price is flattening out. I think we move up soon and break out sometime between now and end of January. Lots of advancements coming out in the sector. Price Target $7
2 possible targets highlighted. $1.8 and $3.2 or wherever it happens to hit along those lines. Right now Doge is in a months long wedge (look at the log scale) and pointing up towards the end of it.
First publish so feedback appreciated. I think we head to a new ATH like this with a possible large correction after. Weekly time frame on most crypto charts are showing bearish RSI divergence. Won't know if that is Crypto Winter or if we make a larger run until afterwards.
