DOGECOIN ACCUMULATION PERIOD
Hello everyone, this is my 2nd sharing of idea and hope you discuss it in the comment section in order to help me getting more knowledge about technical analysis.
I believe that DOGE will easiley break up the bear trend given by the 3 maximum in the next few days. As consequence we may see:
_ consolidation period of some weeks: because stocastic is in middle and maybe people are still confused about dogecoin and are scared of the price falling more.
_ upward trend till .45$: because whales started accumulating and investors are getting confident.
In both cases it's good to start accumulating some dogecoins. In fact the head and shoulders pattern completed but fortunately bitcoin kept up with the price so dogecoin did not crash to .06$. With these i can agree with you that bear market ended with the end of head and shoulders pattern which brought the price till .16, so it's accumulating period.
Thank you for taking your time reading this, please leave any comment, i'll be glad to learn something new!
Cheers from Italy!
P.S. Not financial advice just discussion
I believe that DOGE will easiley break up the bear trend given by the 3 maximum in the next few days. As consequence we may see:
_ consolidation period of some weeks: because stocastic is in middle and maybe people are still confused about dogecoin and are scared of the price falling more.
_ upward trend till .45$: because whales started accumulating and investors are getting confident.
In both cases it's good to start accumulating some dogecoins. In fact the head and shoulders pattern completed but fortunately bitcoin kept up with the price so dogecoin did not crash to .06$. With these i can agree with you that bear market ended with the end of head and shoulders pattern which brought the price till .16, so it's accumulating period.
Thank you for taking your time reading this, please leave any comment, i'll be glad to learn something new!
Cheers from Italy!
P.S. Not financial advice just discussion
Penafian
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