DOGE/USDT Wedge Break-Out: Potential Strong Gains AheadDOGE has been following the wedge for a couple of weeks now. Today, it started moving upward through the upper trend line instead of touching the lower trend line again. With the recent interest in Crypto I wouldn't be surprised if we'd see more DOGE gains soon. After all, alts are left behind whilst Bitcoin is gaining value by the day.
I' ve marked two areas of resistance on the chart where I expect major selling pressure to occur, tread carefully around these areas since the price might drop sharply. Take care with your risk management.
DOGE-USDT
DOGE/USDT Still Very BullishIn my previous post I argued that DOGE would see parabolic growth very soon because it broke out sharply from the rising channel. It happened, but sadly the price fell sharply after this week's BTC drop.
However, the intention of rising is still there. I'm not sure if we can see $0.005 anytime soon, but reaching the most recent two big resistances could be a very good possibility.
Happy trading!