A Wedge in Doge?
I've been trying hard to find a pattern in DOGEUSDT since it started to correct the price, but it was not clear to me at all.
But with this candle that almost gave us a heart attack, I'm thinking maybe a wedge is about to emerge! and the candle also showed us That significant area.
so as much as I've read in books, the price mostly tends to break the pattern when reaches to two thirds of the pattern.
the pattern from start to where the lines meet is about 413 candle/days (in daily chart). thus, 137 candles left to the end of the wedge pattern is where I expect the price to break the pattern.
I also wanted to point out where RSI is right now, so i hope the price comes up again.
that's all folks !
I'll be glad to read your thoughts about my opinion.
But with this candle that almost gave us a heart attack, I'm thinking maybe a wedge is about to emerge! and the candle also showed us That significant area.
so as much as I've read in books, the price mostly tends to break the pattern when reaches to two thirds of the pattern.
the pattern from start to where the lines meet is about 413 candle/days (in daily chart). thus, 137 candles left to the end of the wedge pattern is where I expect the price to break the pattern.
I also wanted to point out where RSI is right now, so i hope the price comes up again.
that's all folks !
I'll be glad to read your thoughts about my opinion.
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.