Doge: Wyckoff Redistribution Range

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Dogecoin / TetherUS PERPETUAL CONTRACT (BINANCE:DOGEUSDT.P)

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BINANCE:DOGEUSDT.P Dogecoin / TetherUS PERPETUAL CONTRACT

trendanalysis chartpattern wyckoff wyckoffmethod redistribution doge dogeusdt dogebtc elonmusk altcoins

If Doge rejects here its a clear example of Redistribution..

Notice how well price respects the upper trading range.

Only if DOGE gets back above 0.22 cents mark or so with STRONG buying volume can this bearish pattern be considered invalid.

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My redistribution is based on the characteristics of Distribution found here;

Let us remember that Wyckoff is not a CHART PATTERN, it is a METHOD OF TRADING RANGES that can be APPLIED TO ANY RANGE.

That means characteristics of Accumulation can be found in Reaccumulation, and vice versa with characteristics of Distribution found in Redistribution.

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Thank you traders, Take Caution & Goodluck out there!

Komen:

I was a bit early on this, But it still looks quite similar to classic Wyckoff Redistribution.

Komen:

Still showing weakness here

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