- Just experimental chart use FIbonacci Circle as i myself want to see how it's projected..
- I believe each circle play a part as a resistance and support. See the yellow circle... just like in december 2015 when price consolidate and hit the yellow circle as it's start a impulse upward. and act as resistance during the top of impulse movement around January 2016.
- it's seems DOGE/BTC holding the green trendline so good and act as a support until recent price action.
- Orange line is a golden fibonacci ( 1.618 x fib sequence) as a important point for linear support and resistance on wide time frame.
- mean while, Doge/btc also maintain it's support around 33 satoshi for now and 27 satoshi as a 2nd support.
- Interesting to see how this projection work on 11 august/ around that date when the price did hit the yellow circle.
even if there's nothing happen.. there's plenty of circle will be encounter in the future and i always love dogecoin :)
peace.
- I believe each circle play a part as a resistance and support. See the yellow circle... just like in december 2015 when price consolidate and hit the yellow circle as it's start a impulse upward. and act as resistance during the top of impulse movement around January 2016.
- it's seems DOGE/BTC holding the green trendline so good and act as a support until recent price action.
- Orange line is a golden fibonacci ( 1.618 x fib sequence) as a important point for linear support and resistance on wide time frame.
- mean while, Doge/btc also maintain it's support around 33 satoshi for now and 27 satoshi as a 2nd support.
- Interesting to see how this projection work on 11 august/ around that date when the price did hit the yellow circle.
even if there's nothing happen.. there's plenty of circle will be encounter in the future and i always love dogecoin :)
peace.
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sorry for distorted chart i wish i could edit it to fix it...
