Dogecoin is forming a classic descending triangle formation that is likely to break towards the downside. This is a pattern that is particularly prevalent in markets with novice participants, which seems to be the case for DOGE. Stay safe out there
Note
Played out spectacularly. But the entire crypto market looks set for another leg down. This will directly translate into further downside for DOGE as well
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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.