DOGECOIN
March 12th, 2024
Daily Chart
◘ Mar 9 + 10 Lower High Double Top was followed by one outside up bull hammer and one outside down bear hammer ◘ The Bull hammer tested down and then closed near its high ◘ The bear hammer started high, tested low and reversed to about 50% of the day
◘ 0.18 may be resistance given the close and open for the last 9 days ◘ 0.1419 is the 50% line for the Bull rally ◘ The 20 ema is near 0.1432
◘ Doge has been closing above the 20 ema for 34 days
◘ Remember: April 4th 2021 to May 12th 2021 was the 38 day extreme rally to 0.74
◘ Then a pullback, major trend reversal, and bear channel followed over the next 406 days
◘ DOGE was in a sideways trading range for 597 days after that bear channel ended
What are your thoughts? _________________________________________________________________________