Dogecoin看多
DOGE Breakout Soon?
Quick explainer on the chart: Red trendlines are a descending channel that DOGE has formed. I have excluded a failed breakout above this channel for obvious reasons. The green line shows an alternative wedge pattern using the highs from the failed breakout.
As you can see, the wedge pattern has already broken out to the upside.
All that remains is to see how the channel plays out.
Historically, looking back to the past cycle, DOGE has tended to form beautifully clear bullish patterns (see the past bull run for very clear examples).
This pattern certainly isn't quite so clear, but I would expect this to be a bullish formation, and probably a bullish breakout soon.
As you can see, the wedge pattern has already broken out to the upside.
All that remains is to see how the channel plays out.
Historically, looking back to the past cycle, DOGE has tended to form beautifully clear bullish patterns (see the past bull run for very clear examples).
This pattern certainly isn't quite so clear, but I would expect this to be a bullish formation, and probably a bullish breakout soon.
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