The breakout confirmation of the descending wedge on DOGE
Hello everyone!
DOGE has been in a prolonged sideways movement for exactly a year with gradual decrease in peak price values and updating of local lows.
This movement formed a descending wedge formation, and upon breaking out of this formation, the price should reach the range of the widest part of the pattern, which is also confirmed by Fibonacci levels.
If a position is opened from the current values, the expected profit is 66%. If an entry is made from the 0.236 Fibonacci level, the expected profit is 51%.
This is not financial advice, and everything you do is at your own risk!
DOGE has been in a prolonged sideways movement for exactly a year with gradual decrease in peak price values and updating of local lows.
This movement formed a descending wedge formation, and upon breaking out of this formation, the price should reach the range of the widest part of the pattern, which is also confirmed by Fibonacci levels.
If a position is opened from the current values, the expected profit is 66%. If an entry is made from the 0.236 Fibonacci level, the expected profit is 51%.
This is not financial advice, and everything you do is at your own risk!
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