This is how I think DOGE may progress in the next few days.
Time frame match to TA. Long term trend.
If we break through the 0.41 floor, we may go to 0.35-0.37 before consolidating again and begin upward movement.
Not investment advice. Do your own DD & research.
Yorum
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This idea is almost complete. It has followed very closely.
Please like to support, all are appreciated.
Yorum
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Guys and gals, we are upon the crux of the movement. Tonight is the litmus test. Set upward alerts for buy signals, we could see significant movement. Be prepared either way as there are forces at work against upward movement. It will be exciting to see how it goes tonight...
@vineetbajpai87 BullS** that's what's happening. alot of ideas, some say Coinbase did this major sell-off so it can buy at lower price and list Dogecoin on its exchange
er453d
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Logic and historical increases tell me 1.28 or so, but there is more at play here (as almost always). There is a psychological variable that I think creates a strong barrier at about 0.95-0.97.
(Hitting a dollar will inevitability cause a sell off. This is true both because of the psychological variable and the variable of: if the idea is passed around enough that lots will sell at $1; it will become true because people will make it happen by selling - but perhaps this could be the same variable after all).
If history does indeed play a part here, and it very well may not, we could see 0.84-0.89 then temporarily drop to about 0.62 or so before running back up, capping at the 0.95-0.97 range which would be the local top.
I also think there will be plenty of short runs up in the interim that will provide opportunities to make decent returns on the short course.
With this said, if we breach the 0.41 range and drop to 0.35, watch very carefully for movement below the 0.35 range, as this would invalidate all of the above or at least prolong it for quite some time.
This is just my opinion. Good luck!
Of course, this is not investment advice and I am not your financial advisor. Please do your own due diligence and research.
theomnisone
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@er453d, I agree. Once correction happens and things settle down (look at the market as a whole, stock and crypto both) we'll see another pop up. We've gone upwards of .76 to test the ATH and saw that quick selloff happen Saturday, some whale jumped the gun on the $1 mark. I feel like once we see .70s again and it moves upward into a new shiba ear the biggest barrier we're going to face is a sell wall in the .80s and .90s. If it sees $1 it will only be for a split second while sell limits hit and drop it back down. I think the true psychological variable is at .90
But we shall see as we get the consolidation out of the way. We all know everything follows BTC trend and right now everyone is spooked on that inflation report. Daddy Powell is just gonna keep that printer going brrrrrrrrrrrrr.
er453d
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@theomnisone, I agree. I think there is significant resistance in the 0.8-0.9 range. People will pull the trigger to quickly, however, it may be accelerating so fast upward that we see up to 10 cents higher or so before it collapses. For now there seems to be very strong support at the 0.42-0.43 range, which tells me a lot of investors are thinking the same thing and buying more at this discounted price.
Of course, if a whale steps in, this could change things.... either way.
Watching with a close eye.
theomnisone
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@er453d, I think that's a very real possibility as well. I know that the major dip was orchestrated in a way to trigger sell limits and stop losses on a large number of investors. While it provided them a discounted rate on doge, the cascade effect got people worried and shook paper hands loose which I believe was the intent all along. I said before on another post to a supposed whale that the real test is on the whales, not us, to keep the price propped up. There are not going to sit by without a fight and watch hundreds of millions of dollars just disappear from their bags. There's no way that's going to happen. All they are doing is creating a manipulated fear to get drops to happen where they're able to rebuy in for a lower price. That's all. We've seen it before with the 4/20 hype, we see it at all hype. Holding is the way to keep it where it's at. When volume is so low to sustain current prices the whales need to change the sell limits on their bots if they want to maintain, that means they're going to need to adjust their sell limits UP if they want to stay in business.
er453d
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@theomnisone, True indeed. It will be interesting to how it all plays out.
theomnisone
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I'm following this one pretty closely, man. You've done great so far with it.
The_Crypto_Samurai
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Wow, Mind me asking how you can predict the Time Frame?