perrynoid

perrynoid

1. Buy signal on the MFI. This is the first time it has appeared on the daily chart since October of last year! 2. Bullish divergence between the MFI rising and price action falling. The MFI is one of my favorite indicators that works best when back up by 1 or two other indicators. 3. A Dragonfly Doji Candle just printed on the daily. They often appear on or near...

perrynoid

Green on the Daily MFI! To be fair, price action could still go lower leading to more green on this indicator but, I think this signals that we are likely nearing of this downtrend and approaching a turn upward. This is not financial advice. I am not you financial advisor.

perrynoid

...seems almost unwavering in spite of debates over it's environmental impact. Historically, making a profit has never had much to do with saving the environment. Long term, I think it can evolve to a form that is less damaging through multiple pathways. However, if it does, it will be different. It's decentralized nature makes participation with changes designed...

perrynoid

...in any investment, in any asset class, on the monthly chart. We are overdue for a for this correction followed by a period of consolidation. Most likely a red candle will print for this month closing at or below $0.339 I expect, absent of some unforeseen catalyst or peak media event, that there will be a few months of consolidation. The orange rectangle...

perrynoid

During this entire spike down, my 3 favorite indicators have show clear bullish divergence. DOGE is caught in this Crypto FUD storm. We were overdue for some correction and consolidation after 7 straight months of gains. We are still up over 6x from the spike in February! Hopefully whales kept some powder dry to defend their long positions. I am confident the DOGE...

perrynoid Updated 

If the pattern were to repeat, the next ATH would be between $1.60 and $2.

perrynoid

...on the hourly marked by the green lines. We are seeing DOGE still holding support for a 2nd test at a price range near it's previous ATH. Dashed orange line shows upper limit of current short term downtrend. I think we could beat it. However, even if we do, it is also still very likely we may test this support again at least one more time in the near future. If...

perrynoid

The highest red shark's fin on the hourly WWV since February means a lot of people loaded up on the dip. This combined with lots of green on the MFI, as well as, confluence with other indicators and strong support around the previous ATH means, this correction is likely near it's end. The short term trend should move decidedly upward soon. Only question is, how...

perrynoid Updated 

Current retracement is still holding support, for now, at previous ATH. As long as it does, the rally is likely to continue. If it does not, a 50%+ retracement from the current high becomes more likely.

perrynoid

Strong support at 180 hr SMA looking good!

perrynoid

...but, very stingy with 4th and 5th." I can't remember where I heard this quote but, I have observed it to be true on many occasion. This is going to be the 3rd attempt at breaking this resistance line near current ATH. An extended consolidation period becomes more likely if it fails to break through this time. If it breaks through, however, a new spike upward...

perrynoid

If this plays out like last time, look for a target price around $2K for the next ATH.

perrynoid

Based on recent history, and the rapid blow by my original target of 10 cents, I have raised my short term target price. 22 to 25 cents seems achievable to me now in the short term. This last green engulfing candle has a tiny wick at the top and none at the bottom, with its base near the 9 day SMA, just like the one before the last run. You can see inside the...

perrynoid

My short term target of 10 cents is well within reach. My long term target is still 1 dollar.

perrynoid

Look for Stochastic RSI crossing above the 20 and a change in trend. Then retest and possible breakout above ATH.

perrynoid

We could see a turn upward soon. However, we are still in bear territory. Be careful. Consider setting realistic targets for swing or day trades. If you hold on past your target, consider using a stop loss or trailing stop loss order. Keep in in mind, this is on the hourly chart. Don't count on this indication for longer periods than a day or so. This is not...

perrynoid

On the daily chart there is bearish divergence between price action and the MFI, RSI and NVT. Also, the 9 day SMA has crossed below the Bollinger bands trend line and seems to be acting as resistance. We could see further correction to 36k. If NVT red warning breaks, it could go even lower.

perrynoid

...forming on the daily suggest we could be seeing a trend reversal incoming. Divergence being between price action and the RSI and MFI. First test will be the 9 day SMA. Then the red trend line of the Bollinger bands, which currently happens to be close to a dollar, an important psychological support level . Lastly will be the 180 day SMA if, it breaks prior...