Vah55

Vah55

Watch out for head and shoulders pattern. The other possibility is to stay above $3500 and form an equilibrium

Vah55 Updated 

The pennant failed to follow through after breakout. Now, there are two competing analyzes: head and shoulders->bearish Descending wedge -> bullish For now, I am not trading it till getting some clarity. Still holding small long position (not for short term trade)

Vah55 Updated 

The triangle broke bullish with follow through and Doge made a huge run up. Now we witness forming a pennant pattern. If breaks bullish expect the price to move toward all time high as it is the measured target for the pennant as well.

Vah55 Updated 

Nothing to write home about here. I would wait for the triangle to break and follow through after. Soon Elon is going to announce that Dogecoin will be accepted to buy Tesla. If that wont make this fly to the moon, nothing else can!

Vah55 Updated 

Sell off is brutal here

Vah55 Updated 

Hourly bollinger bands have not been so narrow. Getting ready to move one way or the other. EMAs are almost flat

Vah55

After breaking all fib supports, reversal started. To follow through we need the hourly to close above 8 ema.

Vah55

Even though I think it is bullish that Doge is holding 0.48 but nothing short term looks bullish to me. Couple of times failed to breakout from downtrend. I think more shorts are being dragged in and that would cause a good kick if trend reverses. But that is a big if.

Vah55 Updated 

Waiting for break of either one for clarity. Break must get follow through to count

Vah55

Closed all positions. Waiting for a better setup to enter in long side. Last thing I would do here is to go short. It might look intriguing but don’t snap to shiny objects!

Vah55 Updated 

Hourly looks constructive for longs. I think shorts are closing positions and loose hands buying back. Volume is extremely low either way comparing to the market cap.

Vah55

Bullish that could hold the 0.45 support but still very weak. If hourly closes above ema, shorts will attempt again to take it down and if they fail, it will rally. If they succeed, the only hope would be the 0.45 support for longs.

Vah55

In reaction to the SNL, which was, I think, supportive but no as much as expected apparently, 0.63 support broke but the 0.45 support held

Vah55

No hard selling compared to previous touch of the channel

Vah55

It would be very bearish if pattern breaks, but would be bullish if holds. If the hourly closes as reversal, could be a buy point.

Vah55

Wait for clear break of the wedge either way or trade inside the wedge

Vah55

The megaphone pattern broke bullish in weekly. This is a very strong indicator. Wait for pull back (if comes!) to start a position.

Vah55

Profit taking at the upper channel might observed