DOGE: At critical -50% from ATH

Apr 17, 2021

DOGE has been nothing short of phenomenal these last few weeks. It has gained over 350% during the previous seven trading days. It is only befitting that it has lost 50% so quickly after such a tremendous extension higher. The chart shows this critical % decrease through the use of Gann box squared at the rate of 0.0035 per 2 hours of trading, the current rate of change that I was able to decipher. It seems to be in an excellent position to continue its trajectory higher; however, if the crypto spectrum goes through a correction phase, DOGE might correct further towards the 75% decline point, but that is yet to be seen during the upcoming few weeks. The chart shows two potential long entries with detailed risk profiles of not less than 4R return. If there's anything that I am missing, do drop a line in the comments section. Best of luck, and stay safe!

Apr 19, 2021

Note

DOGEUSD, 30min Hit the spot and now reduction of exposure ensues. A good 60%+ run so far, not surprising to see some folks square off exposure here.

Apr 20, 2021

Note

DOGEUSD, 30 Hit the forecasted target for the first extension.

May 2, 2021

Note

4R return on the 1st entry, 2nd entry currently @ +3R.

May 6, 2021

Trade closed: target reached

DOGEUSD, 120 Second entry closed with +9R. Combined result for the two highlighted entries is +13.5R.