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FieryTrading
May 24, 2021 1:40 PM

πŸ”₯ DOGE Massive Triangle: Break Out SoonΒ 

Dogecoin / TetherUSBinance

Description

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Like all cryptos, DOGE has seen a strong bearish move over the last two weeks, losing more than 70% of it's ATH value at some point.

Apart from the downward channel that DOGE is trading in, DOGE has also formed a massive symmetrical triangle when the two local lows of the last week are connected.

Seeing that BTC is still trading in a clear down trend, the chance of DOGE breaking out on the lower end of the triangle is relatively big. On the other hand, if BTC decides to tackle the 42k resistance in the near future, DOGE might follow suit and break out through the top trend line of the triangle.

Before trading either break-out, please wait for confirmation of the trend.

Happy trading!
Comments
cxy76nj2mc
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How on earth is that a flag? I’m bullish long here but that’s grasping for straws. It’s empty bottom
FlyDownX
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Great view here, I would love to see price dip lower to discount zones to hold for next December run
caldooninvestment
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Very possible! Thank you for sharing it!
SignalProvider
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I have the same viev on DOGEUSDT
Well done!
jazerbay
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TBH it looks kind of scary XD XD 🐢
Will be waiting for confirmation to get in on more Doggie.
Great post!!!!! πŸ“ˆβ­πŸ˜„
KlejdiCuni
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Very good Idea. Thank you!
MMBTtrader
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another great job maybe to upside

and thanks for sharing bro
financialflagship
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Nice chart, keep up the good work. 😊
Investroy
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Looks like an awesome setup, really appreciate it broπŸ’ͺ🏻
viqasgee
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I will go down
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