DOGECOIN, Huge Descending-Triangle With Potentials!

Hello,

Welcome to this analysis about DOGECOIN and the 12-hour timeframe perspectives. The cryptocurrency divergence between certain coins increases more and more and this is why there are coins with more bullish setups, while others have neutral ones and there are coins with bearish setups in the market. With DOGECOIN now I discovered an important formation that has great bullish potentials in the upcoming times especially when this whole formation is rightly completed. Therefore, as when looking at my chart we can watch there how DOGECOIN is forming this massive descending-triangle-formation with the coherent wave-count in the formation and the waves A to C almost already completed. Besides that DOGECOIN also recently increased with this huge volatility spike in the structure after it bounced off the lower-boundary of the descending-triangle, this volatility-spike now is actually a good origin to build upon, and continue further. Once DOGECOIN manages to breakout the upper-boundary of the descending-triangle as it is seen in my chart this will complete the whole reversal-formation and DOGECOIN is ready to move on higher approaching the upper-target-zones from where the situation needs to be elevated again. For now, as DOGECOIN is ready to finalize this whole formation and already increased volatility in the structure there are good potentials given for DOGECOIN to proceed further from this point to activate the target-zone and volatility increasing determinations, it will be an interesting development ahead.

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Information provided is only educational and should not be used to take action in the markets.