not really have a good feeling about this rally. Sold all my $DOGE. Back to no position. I have seen this formation before, where a massive impulsive drop followed by a bounce then another drop then a bounce right into the 25% extension for last chance selloff.
This was $ETH in 2018:
Same setup.
Since I'm a little skeptical I won't touch it until price shows more strength, maybe high lows, maybe longer consolidation. As of right now those big red candles are still too close to the left. Hard to be convinced bullish .
This was $ETH in 2018:
Same setup.
Since I'm a little skeptical I won't touch it until price shows more strength, maybe high lows, maybe longer consolidation. As of right now those big red candles are still too close to the left. Hard to be convinced bullish .