If we can manage to stay in the channel here (red & white), we have a chance to break through the red resistance zone.
If not, alternate red path is possible following below the white support line.
Be cautious and set alerts accordingly.
The next few days will be critical.
Not investment advice, do your own DD & research.
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Is new support line trying to form at 0.35? We need more time to see if we are following the yellow channel lower not. Chances are, this is a temporary slide downward until strong support zone is solidified.
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Will we bounce off of or near the top of the yellow trend line, bust through or begin decent again? We are at the crux of it here and I think tonight we should know more. Either we bust through or we begin decent. If we descend, how long will we follow the channel down? Could Coinbase carrying DOGE be a catalyst if this current upswing does not last? What do you think?
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We remain in the bearish projection for now and seem to be still trending downward. Will tonight play a part in any upward support? Be ready and set alerts for movement both ways.
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Tonight is the litmus test for movement. Buckle your seat belts.....just in case.
Commento
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We are trending near the edge of the small bearish cone. If we break through, greater chance for stronger upward movement.
Elon has tweeted minutes ago " Tesla has diamond hands" which could refer to hold or whatsoever. Could it interfere the trend again? Yet, there is no effect!
er453d
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@omid_broker, Honestly, I don't think Elon has much affect, unless he pours money into Doge. As we can see, we are still trending along, we shall see.