DOGE / BTC After the super pump, a triangle is formed. Elon Musk

DOGE / BTC After super pumping the price, a symmetrical triangle is formed. We see the ransom squeeze from its lower border. If a given triangle forms, its base is 300%. Let me remind you that the accumulation pump, depending on the exchange, was about + 1500%.

If we assume that a triangle is formed, then it will be fully worked out in cases of a breakthrough of the resistance of 300%, and if, after working out, the upward trend of insanity continues and the "new advertising personality" announces that his toys for adults and wealthy uncles will be sold for "national coin", then the triangle can act as a canvas of an upward pennant (unlikely). I think the real targets at the moment are a potential upward movement inside the triangle (about + 70%) and then in cases of a real breakout of the triangle - a movement to the previous maximum.

This is not just a risky trade, but an extremely risky one, since the price from accumulation is currently about + 10X. I covered this topic in more detail in related ideas on DOGE (see below). Also, the price of this coin is based on the accumulation of 16 satosh, as well as the previous pumping before that.

The new advertising personality of the crypto market is pulling the dog in every possible way. From time to time we see his different statements exactly at those moments where the price chart needs it.

For example now:
"If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo."

He also did not mention that about 20% -30% of the positions after pumping on the dump were distributed to linked wallets, it is not difficult to guess which group of people they belong to. Yes, saint, he has no personal benefit). But, he could not make such a tweet when the position of 16 satoshis was recruited, but at 10X from the set, the very thing ... And it doesn't matter what the price will be next.

Comment:

approached a potential reversal zone. The support of the triangle is breaking through. If they don't buy it off with a squeeze, the triangle will break. Then, it can potentially draw from the zone of level 81 satosh when the downward movement stops - the head and shoulders.

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Secondary trend of this DOGE / BTC trading pair. At the moment, we see the price exit (resistance breakout) from the accumulation channel with a step of 19%. Accumulation took place after a super pump with a pullback and a stop of price decline at 93 satoshi and limit at 111

At the moment, the price is at the beginning of the emergence of the 3rd phase of the bowl formation with a potential of 114%

Comment:

More than + 560% from the reversal level. 9 satosh, the price did not reach the specified level (click on the PLAY + chart, hold the left button and move up).