Not sure why I did not see this earlier, perhaps it was due to the rebounds on the other patterns, but there has not been the expected price action from the previous patterns- price continues to fall in slow fashion- reeling new buyers in and falling again. My target was .51 cents plus or minus a few pennies.. but down to .47 cents.
When I decluttered my chart, this pattern appeared to me. Its sad news- we all wanted DOGE to moon NOW.. but I think we have a lot longer to wait.. this is a bearish shark and so price could flatten- or could dig deeper into the abyss. We just have to wait. I am no longer in DOGE- This is now SHORT until I can see strong reversal. Previous charts show bullish potential but the patterns have not responded and perhaps due to this pattern here overwhelming them to the downside. Its very possible we get stronger moves up from .45- but I need to see before I get back in. Just looks like temporary holding periods to drive price down lower. Something bearish sharks can do very well.
When I decluttered my chart, this pattern appeared to me. Its sad news- we all wanted DOGE to moon NOW.. but I think we have a lot longer to wait.. this is a bearish shark and so price could flatten- or could dig deeper into the abyss. We just have to wait. I am no longer in DOGE- This is now SHORT until I can see strong reversal. Previous charts show bullish potential but the patterns have not responded and perhaps due to this pattern here overwhelming them to the downside. Its very possible we get stronger moves up from .45- but I need to see before I get back in. Just looks like temporary holding periods to drive price down lower. Something bearish sharks can do very well.
Moorsc0de aka Crypt0nomics aka Zaphkiel
