DOGE/BTC - time to get back in - falling wedge & strong support
DOGE/BTC is currently in a month-long falling wedge and very close to the tip of the pattern which is usually the best time to buy before a breakout.
We can also see it test the previous downtrend resistance which ranges all the way back to May 2019 and now acts as support, you can get a better view of it in Guapeva's analysis which you can find here:
The 25-29 sats range has been a zone of very strong support in the past and combined with the symmetrical triangle on the USDT pair that is showing signs of a slow breakout this leads me to believe that we'll see a proper breakout soon.
Here's my DOGE/USDT analysis which shows the symmetrical triangle:
We can also see it test the previous downtrend resistance which ranges all the way back to May 2019 and now acts as support, you can get a better view of it in Guapeva's analysis which you can find here:
The 25-29 sats range has been a zone of very strong support in the past and combined with the symmetrical triangle on the USDT pair that is showing signs of a slow breakout this leads me to believe that we'll see a proper breakout soon.
Here's my DOGE/USDT analysis which shows the symmetrical triangle:
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Related publications
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.