If $CELO can hold its 0.618 support on the weekly at $0.55 over the next few weeksnwe may see it break descending resistance and start heading back towards it 0.5 and S/R zone between $1.60/$1.90. fail to hold $0.55, then descending support sits below. #NFA ~ @celo #celo #CELO/USDT
- Didnt think too much about this, just aped when I saw the news. - $DOGE was looking constructive anyway, so I had in the back of my mind the chart was good - Saw gov/doge words and just started insta clipping - Then did my 5 seconds of thinking while filling, and decided to try hold, DOGE so liquid which is super nice for limiting out
This weekly chart of #DOGECOIN shows its performance in the days and weeks following each presidential inauguration (indicated by vertical green lines).
• 1st cycle (2017): Dogecoin increased 30X after the inauguration date.
• 2nd cycle (2021): Dogecoin increased 80X in the following weeks.
Currently in the 3rd cycle: We are just one day before the presidential inauguration. If Dogecoin follows just the average of the last two cycles (55X) from its current price of $0.38, the peak price would reach $20.
I believe #DOGECOIN will outperform its previous two cycles due to technological advancements and growing global institutional adoption.