Update Dogecoin Cup and Handle, Fail
I'm sure you have already seen but after the break out from the handle, DOGE failed to break past the $0.42 and therefore the right side of the cup. Followed by this large red candle into the $0.36 it has broken the Bullish pattern and formed it's own sort of double top.
Pattern wise, I won't be looking for a long position unless there is some sort of catalyst that makes it break the ATH. Like an Elon Musk tweet which seems to be the only thing driving it.
Pattern wise, I won't be looking for a long position unless there is some sort of catalyst that makes it break the ATH. Like an Elon Musk tweet which seems to be the only thing driving it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.