Dogecoin Analysis

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.

הערה

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

הערה

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

הערה

Fibonacci Retracement thesis invalidated.

הערה

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

עסקה פעילה

and.... the follow through!

toregee

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.

toregee