Like Floki, Baby Doge is another meme coin that seems to have started an uptrend wave. If we have an altseason, I think BabyDoge is the one to consider for meme coins as part of your portfolio.
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Baby Doge's 4th wave is unfolding in an inverted wedge pattern.
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Just an update.
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After Floki, now, it is Baby Doge's turn to start a strong upward wave. Let's see what happens.
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Baby Doge is on its way up. Let's see Baby Doge's reaction when it reaches the inverted wedge's upper line.
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So, BabyDoge went up and have reached an important intersection; major downtrend line and minor inverted wedge's upper line. Let's see how BabyDoge react to this area.
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So, BabyDoge broke all minor support/resistance lines, but couldn't pass the major horizontal resistance area. If BabyDoge could break this area upward and stay above it (either make a pullback or rest there), that means a major uptrend phase has started. Let's see what happens.
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So, BabyDoge went down much more than anticipated and reached the bottom. First, have to see if the bottom will support the BabyDoge again; then, when BabyDoge break the downtrend line. Let's see what happens.
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So, BabyDoge broke the downtrend line, went up, and reached the major horizontal resistance area again. BabyDoge is trying to break this area; if successful, further rise is possible. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.