Hi Folks,
This is the price of Dogecoin after the tweet of Elon Musk on Twitter. Has his manipulation of prices stopped working???
Well definitely you don't want to see prices fight resistance like Doge is doing now. Small candles, small bodies and long wicks. that says indecision. Market has lost direction. So it can go either way.
But if you look closely, 4 hour chart, you see the resistance line has been tested 4 times earlier BLUE FLAGS and has got rejected 4 times earlier.
So what does this tell you about the psychology of the market??? Do the math!.
It still can go either way but the chart tell us that the chance of going downwards is greater than going up.
But hey we only need one trader some where In the world that push prices higher in an instant.
What do you think gonna happen ???
Leave a comment below and like if you like the idea and the way I view the charts..
Follow for more to come!
This is the price of Dogecoin after the tweet of Elon Musk on Twitter. Has his manipulation of prices stopped working???
Well definitely you don't want to see prices fight resistance like Doge is doing now. Small candles, small bodies and long wicks. that says indecision. Market has lost direction. So it can go either way.
But if you look closely, 4 hour chart, you see the resistance line has been tested 4 times earlier BLUE FLAGS and has got rejected 4 times earlier.
So what does this tell you about the psychology of the market??? Do the math!.
It still can go either way but the chart tell us that the chance of going downwards is greater than going up.
But hey we only need one trader some where In the world that push prices higher in an instant.
What do you think gonna happen ???
Leave a comment below and like if you like the idea and the way I view the charts..
Follow for more to come!