๐ฅ DOGE Successful Break Out: Following Shiba?
A couple of days ago I made an analysis on DOGE. In this analysis I talked about the bullish triangle that was forming and that a break out was likely to happen.
In the end, the price had to re-test the triangle's support (and made a fake bearish break out) during yesterday's dump. Following this bearish move, a massive bullish candle appeared on the chart.
I'm expecting the price to consolidate for a while around the $0.30 area. First target after consolidation is $0.35, second is $0.4.
DOGE has seen very little bullish volatility since May. It could very well be the case that DOGE will blast off after SHIBA has topped. Keeping a close eye on this one.
Happy trading!
In the end, the price had to re-test the triangle's support (and made a fake bearish break out) during yesterday's dump. Following this bearish move, a massive bullish candle appeared on the chart.
I'm expecting the price to consolidate for a while around the $0.30 area. First target after consolidation is $0.35, second is $0.4.
DOGE has seen very little bullish volatility since May. It could very well be the case that DOGE will blast off after SHIBA has topped. Keeping a close eye on this one.
Happy trading!
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