DOGE - Massive Bullflag
Doge has also started to create a bullflag as price has squeezed in between our pattern for the last couple weeks.
Viaquant did correctly predict the previous breakout from $0.36-$0.48. That post can be found here:
Now that we have had more time to mature in this pattern, a much larger breakout should be expected if price breaks to the upside. Our bullflag extension target would lead us to a price of $0.735 which is very close to DOGE's 2021 ATH of $74. I would also like to point out the psychological $0.69420 level could come into play.
If the daily RSI can continue to maintain above the 70 level then there is a very high likelihood for this breakout. If the strength index drops back below, this trade idea no longer looks as good.
Viaquant did correctly predict the previous breakout from $0.36-$0.48. That post can be found here:
Now that we have had more time to mature in this pattern, a much larger breakout should be expected if price breaks to the upside. Our bullflag extension target would lead us to a price of $0.735 which is very close to DOGE's 2021 ATH of $74. I would also like to point out the psychological $0.69420 level could come into play.
If the daily RSI can continue to maintain above the 70 level then there is a very high likelihood for this breakout. If the strength index drops back below, this trade idea no longer looks as good.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.