DOGE, Something Happened in Dogetown
Doge broke out from the descending widening wedge which started with the peak on November 1st.
This is an odd behavior considering the catastrophe that befell crypto. But maybe there is speculation that Elon will buy FTX pennies on the dollar, renaming it Dogetown, saving crypto and FTX at the same time and pumping Doge.
The first target is 0.119, this is the measured move of the descending widening wedge.
RSI is on the rise and seems to be following an ascending trendline.
The orange path is from an experimental AI that I designed. I don't know how reliable it is, I drew the path based on its recommendation for back testing.
There is of course the bearish scenario, where everybody lose trust in the exchanges and cold storage their coins and nobody is left to buy. In this case 2 cents inside the descending widening wedge is a viable target. 2 cents is the target of my idea below from one year ago. Don't think Elon will allow it.
This is an odd behavior considering the catastrophe that befell crypto. But maybe there is speculation that Elon will buy FTX pennies on the dollar, renaming it Dogetown, saving crypto and FTX at the same time and pumping Doge.
The first target is 0.119, this is the measured move of the descending widening wedge.
RSI is on the rise and seems to be following an ascending trendline.
The orange path is from an experimental AI that I designed. I don't know how reliable it is, I drew the path based on its recommendation for back testing.
There is of course the bearish scenario, where everybody lose trust in the exchanges and cold storage their coins and nobody is left to buy. In this case 2 cents inside the descending widening wedge is a viable target. 2 cents is the target of my idea below from one year ago. Don't think Elon will allow it.
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