The Priceline of Dege has formed bullish Shark pattern and entered in potential reversal zone and ready for bullish divergence at any time. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of Doge price action's moves: After inertial leg (X to A) the A to B leg...
This is not based on any standard technical pattern. I am simply taking the buy approach here as DOGE is replicating the 2014-2016 cycle. In particular is has entered the final consolidation phase before forming a Golden Cross on 1D, which will be the signal for a test of the 0.0070 September 2018 High. The same pattern it followed in 2016. See the similarities...