As you see here I have went ahead & broken down the Doge chart into phases. Starting from the left we were in a Wedge pattern then had a breakout to the upside in a Uptrend Consolidation.
We just had a large pullback followed by a nice spike which is a Retest Phase, we very well could still see a Downtrend play out.
But as the RSI indicates we have been Oversold, I picture us continuing this Bullish run into another Uptrend Consolidation phase.
We just had a large pullback followed by a nice spike which is a Retest Phase, we very well could still see a Downtrend play out.
But as the RSI indicates we have been Oversold, I picture us continuing this Bullish run into another Uptrend Consolidation phase.
