Downward Doge Part 2

تم تحديثه

Head and shoulders reversal signal that I believe won't take it down terribly far. Perhaps .055 but not much lower than that before another move upward toward .10

ملاحظة

The trendline was stronger than the H+S pattern in this one and bounced from the red trendline that price seems like it's moving toward now. Buy signal will be at that trendline, but how far up it will go is questionable.

ملاحظة

Seems to be a rising wedge pattern with the .085 area as the top. I'm bearish on leng term so I believe it will drop when the wedge pattern completes. Up until that point, my buy is the red trendline and my sell is .085.

ملاحظة

Another perspective on this from a different time frame, it's clearly in a parabolic action. That doesn't usually last, and it's failed twice at trying to reach the previous ATH. I'm taking this as a signal that a hard and fast crash is in the mail. It could bounce off of any of the previous trendlines below there, but we'll just have to wait and see which.

ملاحظة

Hard and fast crash came as expected. About time I got something right regarding this. Sheesh.

ملاحظة

Please check the following link for updates on this chart:

Incogniteaux

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