DOGE// Possible Outcomes (Short-Term)

From a 1D perspective, price has exhausted its impulse move hitting the -1.68% level and has began a pull back and accumulation phase. Currently price is forming a descending triangle from which *most* are expecting a break upwards.

We've had price spike down to test a lower fib level (on the daily) twice however it was bought right back up above the 61% on the smaller TF above 50c.

I have been accumulating slowly during this phase as I expect more appreciate due to the hype around SNL on the 8th and also the massive adoption by new market entrants. Everyone is expecting a sell off but it may not come as soon as we think it will. At this point not being exposed to Doge right now makes no sense to me even if its just 5% of your portfolio.

Check comments for 1D view and another possible short term pattern.

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Lower highs, higher lows

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1D

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DOGE/BTC 1D

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Broken TL, here we go