Disclaimer: I am relatively new to daytrading, so I will advise any followers to not make any trades simply based off my ideas. Feel free to take my chart into account when doing you own analysis though.
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I think that could be a head and shoulders on DOGE.. if not, i think it will still move toward a touch on that bottom trend. I'll go long around there. Still figuring the numbers out and how much I want in.
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DOGE seems relatively easy to predict.. similar to LTC. Both have cyclical patterns. Looks like DOGE is still on track to touch the trend line. Below is a long term chart I wanted to post in case people need more incentive to put some money down on DOGE. Much up coming IMO. MUCH WOW.
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So I've been working hard today on this DOGE cyclical trend. I've plotted out the time spans and percent inc/dec of all uptrends and downtrends so far in the cycle (these are all estimations). Based on past resistance/support levels, I'm predicting a pump to possibly at least .0073 within the next week. This could be a longer time span to pump, but based on past trends I'd say it is happening soon. Let me know if you guys agree with these resistance levels.. they will be the key to finding out when to close at the top.
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We've got some strong resistance at the 37 mark. Looks like a DOGE short-term double top. I might be entering soon. Hoping within next 24 hrs but it will probably be longer.
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WTF DOGE!
I think that might be the breakout.. I've lost confidence in that retrace to the trend line. DOGE seems to be very exponential in uptrends.. I may have missed the boat but will be watching closely if I do decide I want to enter. If not, I may put some money on a long term short. Let's see how this plays out in the coming hours.
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It's bouncing around that support level now. I really wish I saw this DOGE pattern a month ago. There is so much upside IMO. As soon as my ETH short fills I'm putting some money on this. If RSI and MACD matter at all, this is about to blowup big.
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So from the short-term bottom to the current short-term high, there is about a 190% increase in about a 30 day time span. From around this current level, to what I believe is the next major resistance, I predict about 70-80% increase within the next 20 days, probably sooner than later.
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Looks like there is some resistance at 43. Not sure how likely this is but i suppose it can go back and retest support at 40. If it bounces, this may go straight up. If it drops, it may go back toward the trend line.
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Train is leaving the station
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Looks like a small correction. These have happened in the previous cycle pumps. Based on prior pumps, these corrections don't last very long at all. We most likely are going to see it jump again within the next day for sure.
This is a good time to be an altcoin IMO.. This is going to be big.
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Ah, this correction is nice. Hoping for a head and shoulders to develop. I want some extra cheap DOGE for the big pump :D
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The DOGE is going exponential. I can see it hitting next resistance all the way up there in less than a couple days. As soon as my ETH short fills, I am putting some money in this. Much wow.
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Since DOGE is an altcoin, it is likely to fall a little when alts fall, I'd say. Those two purple resistance levels changed the short term trend due to what I believe are two things: 1) Prior resistance that can be found when looking left at the last pump cycle, 2) Alt dumps in the market caused by BTC pumps. Because of this, I'm hoping for a retrace back to high 30s if anything. Not sure how likely this is though. Also, I plotted what my best guess as to what might happen in the next couple days. I think it will follow pretty close to that yellow curve. I hope for it to hit the top of that channel around the 73 marker. It can go past, it can stop there, it could not even hit.. but right now I can see it at least 1/3rd of the way up the previous pump cycle's high.
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DOGE ear pattern spotted. Retrace for pump continues.
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Hm. If that spike was top then that was a pretty sad run. It's still sticking to my yellow curve i posted previously. Not sure where it might go for now.