doge...long-term analysis...4 reasons for long position

hello guys...

I have prepared for you a multi-time frame analysis of the Dogecoin.

As you can see in the chart, this cryptocurrency is in the 1-descending channel and the upper line of this channel has been touched many times and strengthens the possibility of an upward break.

Also, there is a 2-kink between the two spike movements, which can be seen as a gray rectangle.

Also, these two ranges form a triangular range(showed as green color) with the long-term 3-trend line, which is very suitable for buying and holding positions.

On the other hand, this triangle is located in the 4-Fibo 1.6 area.



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