Price is moving in an uptrend channel and has already bounced back from the bottom of the channel several times. Also, the minor downtrend lines within the channel are broken; so the price can once again move toward the channel ceiling.
There are two uptrend support lines that have supported the price till now. There is, also, a downtrend line from which the price has bounced three times. Currently, price approaching this line again, we have to wait and see if the price can break it. Finally, there is a horizontal line that seems to attract the price like a magnet. This horizontal line will...
Price has broken the downtrend line. Since we didn't see sufficient buy volume, it is possible that the price might make another downward move before reversal happens. It is crucial that any of the two lines below support the price for reversal.
once again price has reached the uptrend support line. If the support line hold and we see a reversal, price will probably go up. There are two major targets/resistances which are the two horizontal lines. The two downtrend lines, if broken, will confirm the uptrend wave.
According to the previous analysis, the price has changed direction around the Fibonacci time zone (2). Also, the price has broken the downtrend channel. However, the correction might not yet be finished. Currently, price is pulling back on the channel upper line; if it bounces off it successfully, the new uptrend wave will continue. But if it fails to return,...
Price is moving in a downtrend channel. Recently, we saw price oscillating and maintaining a baseline as a resistance as well as an increase in buy volume. We need to see price breaking the top side of the downtrend channel to get the first signal that the uptrend wave has started.
There are two clear resistance and support lines; the downtrend triangular and the double horizontal lines. Either one of them breaks we can expect the price to move in that direction. Two possible moves have been drawn for the breaking of the current downtrend line. Also do not forget, increase in buy volume when the lines break.
Price has already broken the downtrend corrective wave. It is possible for the price to make a rapid downward move before continuing to move up. Or, the price bounces of the two lines converging several times. Anyway, there are two lines in the upward direction of the price. After the horizontal line (the previous price peak), there are no resistances; how up can it go?
Price has broken the minor downtrend line within the inverted uptrend wedge. There are two possible next moves depicted in the chart. The price target can be either of the lines on its way up. If the price crosses the previous peak (namely the horizontal line), there is no resistance on its way!
Price was moving in a steep downtrend channel; Now, the price has broken the channel and it looks like it's ready to change the direction to an uptrend. Although, the price might test the long horizontal resistance line one more time; be ready. If the uptrend wave starts, the first and second targets are the bottom and the upper side of the triangle, respectively....
Currently, we are in an inverted triangle correction wave 4. When the two downtrend lines within the corrective wave break and we see an increase in buy volume, the next uptrend wave probably start. Recently, we had a fake break in the lower side of the wedge. Now, the first downtrend minor line has broken, this might be fake too; both minor downtrend lines have...
Doge has broken the upper line of the downtrend wedge and we see an increase in buy volume too. Price also has pulled back on the broken line. If we see another higher low the uptrend wave is confirmed. The first target is the double uptrend line, after that, the horizontal line.
It appears that the current correction wave might take double the time as the previous one. The area around vertical Fibonacci time (2) is where the price probably changes direction. Price is moving in a downtrend channel; we need to see the upper band breaks as well as the buy volume increase to be sure that the uptrend wave has started.