History doesn't repeat itself, but it often rhymes. Donald Trump, who is to assume office in a few days time, is an avid proponent of cryptocurrency. This entire bull run of 2024-2025 is based on memecoins, and it's hard to deny that attention will be shed on DOGE, the OG memecoin. From a technical analysis perspective, Dogecoin demonstrates perfect bounces off support and resistance of the fibonacci retracement levels. Drawing levels from its all time highs of 2021 to the lows of 2023, we have seen DOGE's impulsive and corrective waves perfectly strike the fib levels. Wave 1 formed its high at the 0.236 fib resistance, and wave 3 formed its high at the 0.618 fib resistance. We have recently seen local lows form at the 0.382 fib support, before a 12% spike in a single day. Given that extended wave 5s aren't unusual in the cryptocurrency space, and based on fractals from historical price action, it is not unreasonable to assume that DOGE can reach the 1.618 fibonacci resistance at $1.16, though I believe such highs may be short lived.
Dear Friends, How I see it: BOJ will have to hike the Yen in this coming week which could force the $ to correct to an extend that is yet to be seen. Keynote: Price will strongly correct before "SHORT" continuation. It could easily correct/test up to FMV and/or even up to the bottom of the rising wedge - "Initial Break Out Zone" With all the political (TRUMP) and fundamental (FOMC) events this month, be patient and be careful. Let the market come to you... We are making great progress towards 153.610! I deeply appreciate you taking the time to study my analysis and point of view.
SAP on a higher time frame. It could be reaching the peak
The indicated candles are great examples to locate weak supply zones. As we see, these topping candles with locally high volume pinpoint supply areas where sellers are entering the market. The fact however that there is no real follow-up volume behind the supply is suggesting no real selling pressure or change in trend. These candles are important to watch, as their upwards breach is usually a reliable signal of trend continuation.
Hi, trying to give herewith apple multi timeframe analysis , patterns are showing important junction for the apple , please go through all the graphics, also tried to give important 12M levels for apple along with monthly and weekly levels in below graphics
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With price bouncing within the support and resistance, there is clearly a break. Now that it "peaked", I expect a retrace back to previous resistance, before price pushes up. It falls within the .382 and .618 range with my FIB. It falls within a previously tested zone.
Currently, a pullback is hitting the lower lines the channel midline and the bottom of the channel.
Dear Friends, How I see it: 1) The prevailing Higher TF trend bias is bullish, without a doubt. 2) Politically, fundamentally, technically the $ is a bull in a China shop. 3) BOJ will have to hike the Yen in this coming week which could force the $ to correct to an extend that is yet to be seen. What makes this pair unique is the Political & Monetary uncertainty: 1) Canadian election year 2) US Taxation Taking all of this in consideration: A double fake out at the bottom on such a big range could potentially signal a reversal. Thus meaning, my initial thesis can be wrong. Should the breakout above the range hold, obviously "LONG" is the answer. Or Should this breakout above range actually test and re-enter the range and fall back to FMV (fair market value) It only means that the market is expanding even bigger, and we'll have to take it from there then. I deeply appreciate you taking the time to study my analysis and point of view.