Typically, ascending triangles or cup-and-handle patterns exhibit a high likelihood of upward breakout; however, this cannot be guaranteed. Doge has shown several false breakouts, which is not an positive signal. The safest strategy would be to buy only after it has completely surpassed the most recent high.
We need to keep watching the chart.
We need to keep watching the chart.
Trade closed manually
It has entered a perfect downtrend. It might even drop to 0.00000340 BTC. While Dogecoin will eventually rise again due to Elon Musk’s attention, we should prepare for a significant decline.
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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.