So, leaving aside the fact this DOGEcoin pump is madness, there is some formality to it's charts.
The volume has dramatically reduced since end of last weeks pump however we are in a position which we could see a further increase.
We have found support on the 61 area of the FIBO and also are currently working our way towards the end of a symetrical triangle. It could very EASILY fall from here but also, if it does break with the trend (upwards) with the large volume possible i'd expect to see an increase to new highs before again another huge drop
Be careful
The volume has dramatically reduced since end of last weeks pump however we are in a position which we could see a further increase.
We have found support on the 61 area of the FIBO and also are currently working our way towards the end of a symetrical triangle. It could very EASILY fall from here but also, if it does break with the trend (upwards) with the large volume possible i'd expect to see an increase to new highs before again another huge drop
Be careful
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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.