DOGE - DOGECOIN ON A DAILY CHART 5.13.21 0652H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS ENTRY AND EXIT POINTS FOR A SWING TRADE USING RANGE BOXES AND FIBS (NO INDICATORS)
1st SWING was a success. 2nd Swing is still ongoing. Let us see what the market does.
STILL ON TARGET
THE MARKET IS STILL EXPANDING AFTER A CORRECTION at THE 0.618 FIB LEVEL. THIS IS A POSSIBLE AB=CD PATTERN VERY BULLISH ON THIS.
Please do feel free to comment on my idea. I would greatly appreciate it so as for me to learn more. Thank You.
Nota
HAD MOVED TO 4 HOUR CHART for detailed adjustment when candle moved down, and had ADJUSTED TOP-UP AREA OF 1st MAJOR SWING. Expect a bull trap to occur so my entry for a top-up would be 0.382 -0618. Note that the double brown line is a PIVOT AREA.
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CURRENTLY AT +-69% GAINS FROM SECOND ENTRY
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ALL FORECAST LEVELS ARE BEING MET BY PRICE ACTION
Nota
MAXIMUM TARGET WILL ALL DEPEND ON FOMO DYNAMICS may even surpass by another +-30% Uptrend bias
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Found some one who does a good job in tech analysis and you can use it as confluence
Nota
FOUND SOMEONE WHO DOES A SUPERB JOB IN TECH ANALYSIS THAT CAN BE USED AS CONFLUENCE TO MY MINIMALIST APPROACH. FEEL FREE TO USE IT FOR YOUR ANALYSIS TOGETHER WITH MY CHART.
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