As seen on the chart there is a recurring Rectangle
1D pattern (4 times) that precedes every major bearish channel
. At the moment DOGEUSD has completed one ( RSI
= 53.705, STOCH
= 47.561, ADX
= 46.563, MACD
= 0.001, Highs/Lows = -0.0002, B/BP = -0.0005) and this neutrality should be channeled into bearish
action soon. Our TP previously was 0.0045 but we will extend (if it is crossed) to 0.002321.