Dogecoin broke up this huge falling wedge (yellow) and is forming sort of triangle📐(red). Currently sitting @ support 0.166-0.160 and I think there is chance for run to the higher resistances (0.34, 0.45 & 0.517) especially if price breaks the (red) triangle upper edge and horizontal resistance 0.2174. DOGE just run!🦴
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
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Also check the DOGE vs SHIB comparison.👇 Is DOGE better buy than SHIB currently?
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Drawings updated. So there actually was one more leg lower to:
- break the 0.166-0.160 support
- test the yellow wedge lower edge
- backtest the yellow wedge upper edge.
- test the red triangle lower edge
After oscillating around the red triangle lower edge the price now went up to test the resistance created by confluence of previous support 0.166-0.160 (now resistance) and the pink downtrendline. I would expect some consolidation for few days before breaking up.
- break the 0.166-0.160 support
- test the yellow wedge lower edge
- backtest the yellow wedge upper edge.
- test the red triangle lower edge
After oscillating around the red triangle lower edge the price now went up to test the resistance created by confluence of previous support 0.166-0.160 (now resistance) and the pink downtrendline. I would expect some consolidation for few days before breaking up.
