DOBO USD DodgeBonk Symmetrical Triangle
DOBO is consolidating within this symmetrical triangle after its massive run up on the log scale. Symmetrical triangles could break to the upside or the downside. I believe if Bitcoin continues its run after a small correction then DOBO will break this pattern to the upside for a measured move up to the .00000005 level with a FOMO extension to possibly .0000001. If Bitcoin and the rest of the crypto market enters a longer downside correction then DOBO will probably break down for a measured move to .0000000025 level before a bounce and a retest of the prior support turned resistance level of the bottom of the bottom of the triangle and then continue to the downside. I am leaning more towards a break to the upside. This is not financial advice this is just my opinion. Thank you.
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.