Resistance needs to break/ retest, fib 61.80% Doge to the moon- ELON MUSK
Beautiful resistance break, re-tested like I mentioned before (Which was another great entry point). First target 0.068 hit (fib -27%) next target is 0.08. Eventually hitting 0.10!
0.10 "Stocks/ crypto only go up" next pump is one Elon's tweet away, most traders should have funds in robinhood by feb 5th to pump.... Dogecoin is a joke so trade at your own risk!
Was waiting for price to hit 61.80% but it reversed from 31.80% Target 1.39500
I'm originally long on UC, but here is an analysis for bears. Support D/W TL was broken, being re-tested, currently sitting on W/M support, new weekly low. (possible sl hunt) Decent 200 pip trade, but be careful, trade your own analysis! My original trade setup (long) will be attached below!
Update, SL hunt on previous trade, but I always use alerts instead of sl's. This is just to avoid sl hunts like this. Decent R:R, will possibly see inverse H&S form. Good luck guys!
Retesting previous high/ consolidation zone/ 61.80%. (Three pin form 4H) Target 45k-46k! Long term 50K Trade at your own risk...