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nickbcross
Apr 28, 2021 5:07 AM

Ascending Triangles For Degenerates Long

BITTREX:DOGEUSD240
Dogecoin / US DollarBittrex

Description

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Doge to the moon? According to the 4 hour chart, it is possible.

As we can see from the chart, Doge broke down after reaching all time highs in the .40 cent range.

After correction, it found support around the .20 cent range.

Shortly after, it came back up to test the .27 cent resistance and is currently creating an ascending triangle.

If doge breaks the .28 cent range, I believe it can continue back to .35 cents with relative ease.

CAUTION: This is not financial advise. Use your own best judgement when making trades. (Don't lose all your money playing with a meme coin)
Trend AnalysisTechnical IndicatorsChart Patternsdogedogecoindogecoinanalysisdogecoinbitcoindogecoinusddogecoinlong
Comments
nickbcross
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Looks like we are experiencing some good volume on the hourlies!

Sitting at around .30 cents as I type this, and has broken from the wedge.

In order to confirm the analysis, the candle must CLOSE out of the ascending triangle, which will likely lead to making the .27 cent resistance an official support.
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