I posted a chart earlier in April where I identified the 40 month trend in DOGE, which I also included in this chart.
This time, I included the fib levels to show how they could have been or may be used to determine potential tops and bottoms.
My fib levels were determined at the very beginning in DOGE, with the high in Jan '14 to the low in May '15.
After the low in May '15, DOGE moved up to resistance at 1.618, then down to support area of 1.0.
After months of sideways movement at the 1.0 fib level, DOGE made its move to the 2.618 fib level (resistance), then declined to find support at 2.0 fib level.
Will these fib level stay true for a third time and hit resistance at 3.618, then find support at 3.0? Only time will tell if we continue with this trend.
what are your thoughts on DOGE's future price action?
this is not trading advice and have some patience.
tg
This time, I included the fib levels to show how they could have been or may be used to determine potential tops and bottoms.
My fib levels were determined at the very beginning in DOGE, with the high in Jan '14 to the low in May '15.
After the low in May '15, DOGE moved up to resistance at 1.618, then down to support area of 1.0.
After months of sideways movement at the 1.0 fib level, DOGE made its move to the 2.618 fib level (resistance), then declined to find support at 2.0 fib level.
Will these fib level stay true for a third time and hit resistance at 3.618, then find support at 3.0? Only time will tell if we continue with this trend.
what are your thoughts on DOGE's future price action?
this is not trading advice and have some patience.
tg