DOGE/USDT - setting up for the next leg up - falling wedge
Updated
DOGE is currently in a falling wedge on both the BTC and USDT pair which will likely lead to a breakout in the next few days.
Buy zone is around 0.0029 - 0.0035, try to get in closer to the trend line or wait for a breakout first depending on your risk tolerance.
This is a high risk - high reward trade so manage your position size accordingly.
Good luck and let me know what you think!
Buy zone is around 0.0029 - 0.0035, try to get in closer to the trend line or wait for a breakout first depending on your risk tolerance.
This is a high risk - high reward trade so manage your position size accordingly.
Good luck and let me know what you think!
Trade active
Bullish breakout on both the USDT and BTC pair confirmed.Good luck and best of returns to you all!
Note
DOGE is currently setting up a double bottom pattern and seems to have found support on the uptrend from the 29-32 sats range.Keep in mind that trend lines act more like small ranges on low sat coins.
Here's the idea:
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.