Doge EYEING 0.36 USD???Might be a little bit too early to tell because the setup is not complete in my eyes in the HTFs except the daily.
Why am I saying this??
On the monthly TF, we can see that price has been forming lower lows, clearing SSL the past few months. From that, yes we can time our buys as the market rebalances or retraces into the monthly OB. But for those planning on holding their coins, this way might not be ideal for them. All I'm trying to say is, how long is this buy going play out? Is it the one we can use to see price form higher highs, after months of plummeting??
Well I'd like to see this few scenarios unfold first, to be more confident about it.
1. For now on the Monthly TF, I expect to see price move into the monthly OB or even the resistance area, around 0.19194000 and then retrace.
2. On the Weekly TF, I want to see price purge through the previous swing high, that is where I believe the buy stops are residing or buyside liquidity.
3. After clearing the weekly swing high or BSL, i want to see price then retrace back prior or after entering the OB at 0.26597000 .
After all of this has occurred, I will then expect future higher prices clearing previous highs.
Please feel free to correct where I am wrong, I'm still learning..
Ohh, the reason I said that the daily is showing a change in the market structure is because we can see that there is a break of the market structure that occured days ago when price purged through a previous swing high retrace then moved up..
