The bull run isn't over for Doge! Based on my TA, we are currently experiencing a pit hole, where there is a massive correction that will be reverse later on. Elon Musk is still supporting Doge and every cryptocurrency. Don't feel left out! I still have hope for Doge and I hope you will have the same confident as me.
Patterns:
Uptrend Channels: I use this to show where the trend is currently going
Descending triangles: This pattern is used to indicates there's a downtrend or bear market.
Consolidation: this is a duration of time show us where this price range is undetermined and can't make an entrance. Please do not trade in Consolidation areas.
Support Line and Pit: The support line that I have demonstrated in this chart will be determine as a good entrance point if a correction happens. I created the term "Pit", because I've have discovered every time I have done a uptrend channel in a 1 day time frame, there's always leak in the pattern. As of right now, I recommend retail investors getting an entrance as of right now, if the price hits the 2nd support area reversal happens. Then enjoy your bull ride.
Indicators
EMA: This indicator is faster then MA (Moving Average) which shows us if the trend is good or bad. This indicator can be used as a Support/Resistance .
VWAP: This was used to find the fair price of my entrance.
MACD: Tells us the Convergent, Divergent, and Volume of the Trend
RSI: The indicator shows us if the price are being overbought or oversold
I am not a Financial Advisor, please do your own due diligence before taking my opinion.
Patterns:
Uptrend Channels: I use this to show where the trend is currently going
Descending triangles: This pattern is used to indicates there's a downtrend or bear market.
Consolidation: this is a duration of time show us where this price range is undetermined and can't make an entrance. Please do not trade in Consolidation areas.
Support Line and Pit: The support line that I have demonstrated in this chart will be determine as a good entrance point if a correction happens. I created the term "Pit", because I've have discovered every time I have done a uptrend channel in a 1 day time frame, there's always leak in the pattern. As of right now, I recommend retail investors getting an entrance as of right now, if the price hits the 2nd support area reversal happens. Then enjoy your bull ride.
Indicators
EMA: This indicator is faster then MA (Moving Average) which shows us if the trend is good or bad. This indicator can be used as a Support/Resistance .
VWAP: This was used to find the fair price of my entrance.
MACD: Tells us the Convergent, Divergent, and Volume of the Trend
RSI: The indicator shows us if the price are being overbought or oversold
I am not a Financial Advisor, please do your own due diligence before taking my opinion.