I just posted a comparison to the 2018 BTC price action before the huge capitulation. The target is determined after the break of the uptrend (parabola). DOGE looks identical. A descending triangle is established, and buy orders are only left defending a narrow support at the bottom. When buy orders disappear, a drop will take place with the potential of -50%.
Please like, comment or present arguments to why this is/or is not a good analysis. Are there any arguments pointing to that price will break this structure to the upside? As far as I can tell, there are none yet.
Please like, comment or present arguments to why this is/or is not a good analysis. Are there any arguments pointing to that price will break this structure to the upside? As far as I can tell, there are none yet.
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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.