Dogecoin / TetherUS
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DOGECOIN CRASH 2023 ðŸšĻ

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What's good traders/tradingview fam 🙌ðŸū hope all is well, here are my thoughts on DOGECOIN

I believe strongly that DOGECOIN will continue to crash going into 2023 because of these 3 reasons which are aligned with my trading strategy
1. I found a profitable Bearish Candle that has 4 specific principles (1. The (RED MA) is above this Bearish Candle and (BLUE EMA), 2. This Bearish Candle has a flat top, 3. This Bearish Candle is below the Ichimoku cloud, 4. The previous wick of this Bearish Candle is greater than 217 ticks

2. This profitable Bearish Candle has 2 advantages over the last Bearish Candle that was successful
- The (RSI INDICATOR) on this Bearish Candle is lower than the last bearish RSI (4), by 1 (THE LOWER THE RSI IS - THE MORE EFFECTIVE AND PROFITABLE THE BEARISH CANDLE BECOMES)
- The previous wick of this bearish candle is greater than the last bearish previous wick (217), by 17 (THE GREATER THE PREVIOUS WICK - THE MORE EFFECTIVE AND PROFITABLE THE BEARISH CANDLE BECOMES)

3. This RESISTANCE LEVEL #3 as you can see on the chart has the power to push the price down 40% in the next 10-15 days because it has more bullish candle wicks touching it than the previous RESISTANCE LEVEL #2 which was able to push the price down 29.50% in 10 days (DECEMBER 9 - DECEMBER 19) - understanding that for a resistance level on this pair to be effective and influential = 39 bullish candle wicks must be touching that level of resistance.
THIS NEW RESISTANCE LEVEL #3 HAS 93 BULLISH CANDLE WICKS TOUCHING IT MAKING IT EVEN MORE EFFECTIVE AND INFLUENTIAL THAN IT PREVIOUSLY WAS

(BETTER VIEW OF MY CHART 🌇)
āļŠāđāļ™āļ›āļŠāļ­āļ•

(MY TARGETS 📊)
1. 0.05600
2. 0.04500
3. 0.04000
RISK MANAGEMENT APPLIED
*MAXIMIZE WINS MINIMIZE LOSSES

click the boost if you support this idea I would really appreciate it, family 💚
GLORY BE TO GOD AND THE LORD JESUS CHRIST ðŸĪīðŸŋ

āļ„āļģāļˆāļģāļāļąāļ”āļŠāļīāļ—āļ˜āļīāđŒāļ„āļ§āļēāļĄāļĢāļąāļšāļœāļīāļ”āļŠāļ­āļš

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