Dogecoin Analysis

Jul 5

IF (key word IF) the last 10 years of data remain consistent we have reached a relative bottom here on doge. The 0.707 fib level has been our point of no return in the previous 2 cycles. This is significant.

Jul 8

Note

Note: An invalidation of this thesis would occur with a break of 0.08775 (also the 0.786 fib level)

Jul 24

Note

we've seen a great respect of our 0.707 fib level since early July. Personally I am in no position to watch/track daily movements or fluctuations. The monthly chart provides the most significant data for my specific thesis.

Furthermore, I would not be surprised to see another 1/2/3 months of price action around these current levels. When looking at these historical Fibonacci retracements we've seen a minimum 1 month of time at the 0.707 after the initial touch from low to first higher high of trend shift.

Hopefully this analysis can be helpful and provide you true technical insight. Blessings

Aug 6

Note

Fibonacci Retracement thesis invalidated.

Nov 5

Note

Nice bounce out of 0.707 Range in October. Next target are March highs 0.22

7 days ago

Trade active

and.... the follow through!