Dogecoin Trading Inside Parallel Channel - Breakout Imminent??

١٧ أغسطس ٢٠٢١

Bear with me here this is my first published idea.

Dogecoin appears to be trading inside a parallel channel as well as symetrical triangle. Breakout is in store if it can break above the top trendline of the triangle with volume. Look for it to either continue in the channel or try to break out above the channel and build a new support level around .36-.38 before it gaps up to .45 over the next week. If it breaks below the trend lines I suspect we could see a dip to around .28 before it rebounds. NFA of course...I'm only an amateur. Lol

Feel free to let me know where I went wrong. Thanks!!

٢٣ أغسطس ٢٠٢١

ملاحظة

As you can see we dropped below the trend line and dipped to .277. Hopefully you all bought the bottom. I believe we could see it rebound more over the next week and see it rise to .35 and above to complete the cup formation on the daily and weekly charts. Be prepared for a dip when it hits .40 and above before it starts forming the handle. Good luck trading!!