Doge 8-30-21

BB band shows a possible bounce from lower band, while MACD looks like we could turn positive soon. Fib levels match some current supports as well as our current price value is at a key level. The highest fib level shown on the chart is basically our reversal zone, so if we rise to the .305 price value we can assume a reversal to an uptrend is very likely considering we would have multiple higher lows.

-Possible outcomes if we break triangle formation

*white- path if we follow formation
*yellow- break triangle and keep current support
*purple- break triangle & bounce off trend line
*blue- breakdown of all formations and supports (most likely will only occur if BTC breaks current support and goes bearish)

Yorum:

held formation!