Time to accumulate Doge before the next breakout?

17 Jan 2021

I see a convergence of bullish factors.

• Longer time frame uptrend
  
• Healthy pull back into consolidation, where it's been range bound within fib retracement levels
  
• Price has defended the 61.8% level, multiple times
  
• Daily chart energy is recharged
  
• Weekly energy building back up out of it's current exhaustion
  

I've been accumulating under the .5 percent levels with limit orders on Robinhood (with no commission fees). My hope is a similar breakout, previous went from .0036 to .0140, so the target would be around .02. While history doesn't repeat it does rhyme, a similar breakout happened early July this year which follows a similar pattern to the latest breakout.

28 Jan 2021

Dagangan ditutup: sasaran tercapai

If you had the conviction to accumulate during this time, especially when it approached near the 61.8%, you'd be sitting on a nice profit. It's hit beyond .02 and might be worth peeling off some profits as it consolidates agains. I would be cautious as the price rises above .02 especially since daily and weekly energy are in total exhaustion.