I have never been a big fan of 
DOGEUSDT but you cannot deny this clear as day pattern. Too many signs are there to try and profit from this massive bull flag. I will list some of the signs below.
1. We have a massive descending wedge and due to the previous massive push to the upside before this consolidation we can see this as a bull flag continuation pattern
2. the measured move if this pattern plays puts dogecoin at just below $1 which is a massive psychological level and will most properly experience some sell-off pushing the price down. This checks out as well.
3. Dogecoin has support but yet it has been consolidating for so long it has to make a decision soon
all in all, as much as I don't like dogecoin I cannot ignore the fact that this could potentially be a massive trade with 90 to 100 per cent potential profits if played correctly with the proper risk management techniques in place.
I will provide updates as dogecoin moves
kind regards,
LarryTheKinggggg
DOGEUSDT but you cannot deny this clear as day pattern. Too many signs are there to try and profit from this massive bull flag. I will list some of the signs below.1. We have a massive descending wedge and due to the previous massive push to the upside before this consolidation we can see this as a bull flag continuation pattern
2. the measured move if this pattern plays puts dogecoin at just below $1 which is a massive psychological level and will most properly experience some sell-off pushing the price down. This checks out as well.
3. Dogecoin has support but yet it has been consolidating for so long it has to make a decision soon
all in all, as much as I don't like dogecoin I cannot ignore the fact that this could potentially be a massive trade with 90 to 100 per cent potential profits if played correctly with the proper risk management techniques in place.
I will provide updates as dogecoin moves
kind regards,
LarryTheKinggggg
Note
we have a clean break
if we close above resistance I will be looking for buy opportunities
Trade active
retesting upper bounds of the flag, good buying opportunity now.
Note
looking good sometimes switching to the line chart gets rid of a lot of noice and is beneficial
Note
seeing some volume now
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.
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.