DOGE- midway through rising wedge, two more major breakoutsWe're midway through a longer-term rising wedge pattern signaling a bearish reversal for some consolidation to pick up later in the year.
However, within our shorter term bullish cycle we're mimicking the falling wedge (bullish reversal) pattern we saw between the 14th-20th of March, that broke out around the 21st for a run-up to .23. We're seeing this same pattern repeating that started around march 29th, looking for another run up in the next 24 hours(April 3rd-4th), followed by a slight consolidation around .205 on the 8th-9th of April before our second run-up to .26-27 around 15th of April.
Based on this trend we should start to see our rising wedge fall into a bearish reversal around the 23-24th indicating a longer term consolidation (2-3 months) with some volatility in June leaving us trading sideways building up a new floor around .12-16 for the duration of the summer into fall as we prepare for another major breakout in October-November (.36-.42) depending on what June looks like.