DOGE - SHORT TERM BULL PENNANT FAILURE? - CryptoManiac101
Here's a quick summary of the idea.
We have broken out from the bull pennant, however are now retesting the breakout level. This is a key area to be on a look out for. Statistically speaking, bull pennant patterns are around 70% proven to follow through, however in markets like today and the idea of ALTS being in a bull market season, those odds may be slightly higher around these levels.
What we do want to see here is a retest confirmation, followed up by an abrupt continuation in the price rally targeting $0.74-$1.20 price targets in the coming 10 - 15 days.
Aside from that, this is an ultra short term outlook on DOGE, let's continue watching and ensuring that we don't drip below the $0.39 levels again as at that point, we will start invalidating this pattern.
Remember that this is not financial advice and is solely for entertainment purposes.
We have broken out from the bull pennant, however are now retesting the breakout level. This is a key area to be on a look out for. Statistically speaking, bull pennant patterns are around 70% proven to follow through, however in markets like today and the idea of ALTS being in a bull market season, those odds may be slightly higher around these levels.
What we do want to see here is a retest confirmation, followed up by an abrupt continuation in the price rally targeting $0.74-$1.20 price targets in the coming 10 - 15 days.
Aside from that, this is an ultra short term outlook on DOGE, let's continue watching and ensuring that we don't drip below the $0.39 levels again as at that point, we will start invalidating this pattern.
Remember that this is not financial advice and is solely for entertainment purposes.
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