Description
⋅ Hello All. Looking at Doge/Usd pair on the weekly timeframe we see a formation of a falling wedge pattern which is a bullish chart formation.
We extrapolate the measured move for this pattern and estimate a breakout point at the end of the apex. This puts us around September 20, 2022.
As such, this breakout to the upside can put the price of doge coin at around $0.23-$0.25 which will be a 240%-260% move up.
In addition, this price target also corresponds with my favorite fibonacci retracement tool which has a golden pocket ratio also at $0.23-$0.25.
As doge coin hold strong ground at $0.060 level, i believe this price target will be hit sooner than later with just enough volume.
Thanks for reading, and stay tuned. Happy 4th of July Weekend.