I have never been a big fan of
DOGEUSDT.PS
but you cannot deny this clear as day pattern. Too many signs are there to try and profit from this massive bull flag. I will list some of the signs below.
1. We have a massive descending wedge and due to the previous massive push to the upside before this consolidation we can see this as a bull flag continuation pattern
2. the measured move if this pattern plays puts dogecoin at just below $1 which is a massive psychological level and will most properly experience some sell-off pushing the price down. This checks out as well.
3. Dogecoin has support but yet it has been consolidating for so long it has to make a decision soon
all in all, as much as I don't like dogecoin I cannot ignore the fact that this could potentially be a massive trade with 90 to 100 per cent potential profits if played correctly with the proper risk management techniques in place.
I will provide updates as dogecoin moves
kind regards,
LarryTheKinggggg
1. We have a massive descending wedge and due to the previous massive push to the upside before this consolidation we can see this as a bull flag continuation pattern
2. the measured move if this pattern plays puts dogecoin at just below $1 which is a massive psychological level and will most properly experience some sell-off pushing the price down. This checks out as well.
3. Dogecoin has support but yet it has been consolidating for so long it has to make a decision soon
all in all, as much as I don't like dogecoin I cannot ignore the fact that this could potentially be a massive trade with 90 to 100 per cent potential profits if played correctly with the proper risk management techniques in place.
I will provide updates as dogecoin moves
kind regards,
LarryTheKinggggg
Trade active:
retesting upper bounds of the flag, good buying opportunity now.
retesting upper bounds of the flag, good buying opportunity now.
Comment:
looking good sometimes switching to the line chart gets rid of a lot of noice and is beneficial
looking good sometimes switching to the line chart gets rid of a lot of noice and is beneficial
Comment:
seeing some volume now
seeing some volume now
we have a clean break
if we close above resistance I will be looking for buy opportunities