I thought I would once again share another idea since my last post was very informal and un-summarized as well as took down due to lack of descriptive chart.. lol... so in hopes this one does not get took down I have put allot of detail into it for you all. I don't believe I left out a single detail of my analysis so I doubt I will have much update talk. Best of luck out there!
I am not a financial advisor. Trade at your own risk.
I am not a financial advisor. Trade at your own risk.
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SMMA 7 Bounce on the 1 day chart is looking juicy
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Today (March 15th) I am waiting for the 1 day chart Doji Turn. Nothing to crazy today. Tomorrow and Next days are Golden because of the EMMA 7 Bounce that happened. It could also not become a Doji and Turn straight into high green today, just depends on when the orderbook will move their resistance and knowing this is a Doge market ahaha... Doji likely. Looking into a longer reading we are in the and above the golden pocket zone on 1 day chart after the few year Radio Silence Drop, so were going back to a annual peak.
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Just like I posted about RNDR, with such a strong support, strong bull strikes, and stubborn sell sharks over a week hitting a perfect EMA 7 Bounce on the 1 Day Chart I only see the trend being forced to continue on the one day graph for this market, however unlike RNDR Doge Wicked a strong Bounce point pretty well. Its only evident that the trend must continue off a EMA 7 One Day Bounce as well as the current strong bounce point I spotted on the 4 Hour Chart, buyers will not give up and sharks will have to move for a higher food chain or they are just loosing out on a slow sideways bull market and holding it back loosing out on profit (This is how bull markets work (Sell Orders move up), and why they crash so hard after annuals because Sell Orderbook teamed up with market selling), take note we are really just facing sell order resistance from the last big pump before the next rocket comes any bull strikes from here will pump now.
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And like other estimates DOGE very well does have a chance to hit $1 on this years Bull holding a much higher ground than when DOGE began.
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I just noticed that the same thing happened in 2021 Bull Rush there was a sideways market after a 100+% Increase then it bulled nearly 800%, There is Massive profits to be made here after the resistance breaks. Don't be to trigger happy this is looking to be another Massive Gold Mine like in 2021.
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Closed Position on DOGE due to same occurrence as 2021. This will sideways trend before the next BullRush
Trade closed manually:
5% Loss
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I will check in a few days if numbers change but it looks stuck as heck like in 2021
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Will reinvest in the upcoming week or month. Just when the momentum gets unglued off this sideways momentum.