DOGE - SHORT TERM BULL PENNANT FAILURE? - CryptoManiac101Here's a quick summary of the idea.
We have broken out from the bull pennant, however are now retesting the breakout level. This is a key area to be on a look out for. Statistically speaking, bull pennant patterns are around 70% proven to follow through, however in markets like today and the idea of ALTS being in a bull market season, those odds may be slightly higher around these levels.
What we do want to see here is a retest confirmation, followed up by an abrupt continuation in the price rally targeting $0.74-$1.20 price targets in the coming 10 - 15 days.
Aside from that, this is an ultra short term outlook on DOGE, let's continue watching and ensuring that we don't drip below the $0.39 levels again as at that point, we will start invalidating this pattern.
Remember that this is not financial advice and is solely for entertainment purposes.
