TradingView
VaultTrading
May 31, 2021 1:57 PM

DOGE - Descending Triangle Breakout Long

DOGE / DollarBitfinex

Description

The moment we've been waiting for... after the crypto market drop, we haven't seen a clear run up anywhere from the coins..

DOGE is showing a beautiful squeeze pattern on the 4 hr chart. Very possible breakout occurs today.
Look for an increase on volume and watch this thing fly.

Here are the levels I'm looking at:

Entry: 0.369
First Target: 0.47
Stop Loss: 0.27

It's about time we see some action from crypto, and today DOGE could give that to us.
Comments
GSSanchez9889
Though it must break off the .35 resistance level.
er453d
@GSSanchez9889 yes, it must break through the 0.35 resistance. Still hasn't yet, we shall see.
VaultTrading
@GSSanchez9889 correct, that’s the explanation for my entry. A lot of volume in that area
Sirlearner
not going to happen. your too hopeful lol
er453d
Today will more than likely prove to be a driving force in what is to come for forward movement, upward or downward. Not just for DOGE.
Sirlearner
it's gotta test support at .20 for a big move like that.
Numismatica
Think this is still holding up? And on what terms? Id love to learn more! I was feeling hopeful for today since the past few days have been down but yesterday was mostly sideways.
VaultTrading
@Numismatica yes still looking hopeful, right now testing resistance of short term uptrending channel, once we break ~ 0.325 area it looks good for continuation. Adding more and more as we go
wesheets
The 4H red Ichimoku cloud looks a bit daunting for this kind of move given what BTC is doing. Would love to see it though.
More