DOGECOIN - Return Of The Doge 🐕
Its been a little while since we visited Dogecoin - there was a reason for it! Dogecoin has been at the forefront of crypto news and on the tip of Elon's tongue, which in turn brought about messy price action and manipulation (as can be seen in the chart).
If we ignore the spike down and mark it as manipulation, we can see that we are in a steady uptrend. We appear to be in a bullflag and anticipating a breakout.
Trade Idea:
Watch for a breakout of the bull flag
Enter with stops below the ascending trendline
Targets:
Target 1: Recent highs of 0.3300
Target 2: 0.4000
Target 3: 0.4400
If we ignore the spike down and mark it as manipulation, we can see that we are in a steady uptrend. We appear to be in a bullflag and anticipating a breakout.
Trade Idea:
Watch for a breakout of the bull flag
Enter with stops below the ascending trendline
Targets:
Target 1: Recent highs of 0.3300
Target 2: 0.4000
Target 3: 0.4400
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