Long
Dogecoin (DOGE/BTC) near a breakout
The price of Dogecoin has been inside a triangle since June last year, and it now looks ready for a breakout. I have labeled three fractals, and as you can see the price is currently in the finishing stages of the last one. If we look for clues in the fractals we can conclude that the price is likely heading upwards. If that happens I would expect the price to hit 0.382 Fibo level which would be the first target. However, due to low liquidity and the huge spread, this coin can easily pump much higher.
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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.