ðĨ DOGE/USDT Ready For Another Pump: Bullish Wedge
Everyone has seen the crazy volatility surrounding DOGE in the last couple of days. According to the chart pattern, we might be getting more bullish volatility soon.
On the M15 chart the wedge is clearly visible: lower highs and higher lows. Typically, this pattern is followed up by a strong move in either direction. Since we came from a bullish move before, theory suggests this is a bullish pattern.
Don't trade this yet. Wait for the price to close above the Confirmation line. Higher time frames yield more predictive power.
On the chart, Iâve marked two potential areas of support/resistance, R1 and R2. R1 being the all time high and R2 placed on the illustrious value of 10 cents.
Happy trading!
On the M15 chart the wedge is clearly visible: lower highs and higher lows. Typically, this pattern is followed up by a strong move in either direction. Since we came from a bullish move before, theory suggests this is a bullish pattern.
Don't trade this yet. Wait for the price to close above the Confirmation line. Higher time frames yield more predictive power.
On the chart, Iâve marked two potential areas of support/resistance, R1 and R2. R1 being the all time high and R2 placed on the illustrious value of 10 cents.
Happy trading!
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