DOGE 1-Hr Movement

١٦ أبريل ٢٠٢١

When I am looking at the most recent movement across the 1-hr chart, there a few things that have become apparent. First, we see that there is a bull pennant forming, almost textbook. Second, we see a double bottom with a most recent candlestick formation of bull engulfing. This is really a video of me point out some of the basic formations that I see along with reason to believe in short uptick with a delayed pull back.

Uptick Reasons:
- Oscillator around 50
- Bullish engulfing
- Bull pennant
- Double bottom formation
- Cup formation with a long pole uptrend

Pullback Reasons:
- Dramatic volume decrease
- RSI above 80
- MACD 26 period crossing over 12 period signaling sell-off