A look at the og dog coin's chart

Today there was some news that GMX is offering big money on Dog coin #1: Doge. It got me thinking: what's up with the chart? Being somewhat of a hobbyist at technical absurdity analysis, I decided to take a look. I'm not professing to be an expert at this but I can draw 2 lines and look for a present moment type of situation. When I do that on here, I see that the overhead resistance line that started at the 2021 ATH has been breached, which means it's rallying upward from its 2022 bottom (which was retested about a month ago). I also see that it has stayed above the trend line from the 2020 bottom to last month's bottom retest and is walking that line. One thing I know is that it doesn't have to stay above that line to hold onto the bottom but in terms of other assets (i.e. things that move in a normal way), a break of that bottom line opens the door to $0.03.

The bottom line doesn't really matter but in some cases it can spell doom if it gets broken.

If we take a look at the chart from a different perspective, we see the biggest bullish pennant the world has ever seen! Look at this thing:

https://preview.redd.it/2crw7c2j9igb1.png?1920&format=png&auto=webp&s=1e9c60318d0949e93a8a18bc37a68e7cd8eb1970

This, ladies and gentlemen, is what we call a bull pennant! It's a little weak on both sides and that's probably because the top was so absurdly high but as of right now, it has broken out to the upside and that's probably a good thing, at least in the near term.

The downside is that there's so much of it in circulation. Not only are there already 140 billion of them in circulation but another 10 billion will be added by August 2025. That's a whole lot of sell pressure. The good news, obviously, is that Elon Musk is the self-proclaimed Dogefather and seems to be ramping up to incorporate it into anything and everything he can, including Twitter X.

Lots of people think about technical analysis as being complete bs and regardless of how true that might be, the inclusion of X and the changes Elon wants to bring to it might just be the thing that lets this whole chart design come to fruition.

If you like the way this sounds and decide to take the plunge, remember rules 1 and 2:

1. NFA! I know S about F and am not responsible for whatever investment decisions you make. Much love! and,
2. If it goes well, maybe ship a few of those precious moons you've got over my way, as a thank you. I promise to not use them on hookers and blow. No worries on that front! jk (I'll buy other stuff too (jk))

tldr: chart good, money soon maybe