Dogecoin / TetherUSLargo
🔥 DOGE Bullish Triangle Break Out?
Around a week ago I made an analysis on DOGE. Here I argued that DOGE was in the early stages of forming a bullish triangle.
As seen in my previous analysis, DOGE did indeed go down to re-test the triangle's support line and saw a bullish reversal from there.
The current bullish move saw a daily close above the triangle's resistance, which could indicate that a break out is at hand. In that case, the first major target is placed at $0.30. Be aware that DOGE might want to re-test the bottom trend line again.
Happy trading!
As seen in my previous analysis, DOGE did indeed go down to re-test the triangle's support line and saw a bullish reversal from there.
The current bullish move saw a daily close above the triangle's resistance, which could indicate that a break out is at hand. In that case, the first major target is placed at $0.30. Be aware that DOGE might want to re-test the bottom trend line again.
Happy trading!
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