Dogecoin - Is a 20.000% rally realistic?
Updated
Hello Traders and Investors, today I will take a look at Dogecoin.
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Explanation of my video analysis:
In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish breakout of this triangle and if we measure the potential price target, the next bullrun could bring us all the way up to $20.
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Keep your long term vision,
Philip (BasicTrading)
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Explanation of my video analysis:
In 2020 Dogecoin already created a symmetrical triangle breakout which was followed by a +20.000% rally towards the upside. Then we saw the top in 2021 and Dogecoin once again entered into a triangle consolidation phase. We already saw the bullish breakout of this triangle and if we measure the potential price target, the next bullrun could bring us all the way up to $20.
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Keep your long term vision,
Philip (BasicTrading)
Note
Doge rejecting the support nicely so far as anticipated.Triangle and break and retest indicating a bullish move back to all time highs:
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💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
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