Dogecoin

Update Dogecoin Cup and Handle, Fail

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I'm sure you have already seen but after the break out from the handle, DOGE failed to break past the $0.42 and therefore the right side of the cup. Followed by this large red candle into the $0.36 it has broken the Bullish pattern and formed it's own sort of double top.

Pattern wise, I won't be looking for a long position unless there is some sort of catalyst that makes it break the ATH. Like an Elon Musk tweet which seems to be the only thing driving it.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.