JoshMcGruff

$DOGE - Potential 230% incoming?

Long
BITTREX:DOGEBTC   Dogecoin / Bitcoin
Looking at the $DOGE 3-Day chart, it has broken through its Ichimoku Cloud.

The last two times it did this on rallies (highlighted with yellow ellipses) it continued to rally as shown by the 109% and 238% increases.

Following the Trendline of those rallies, this would place $DOGE at a potential 230%

$BTC has obviously been shaky with price action as it tried to determine in the grand scheme if it is a bull or a bear. This makes me a little apprehensive to be so bullish on $DOGE but this is what the chart is showing me.

As always, utilize your risk management, don't oversize your portfolio in $DOGE or buy anything you're not willing to lose.

It wil be interesting to see if $DOGE continues this trend and if we can catch a nice rocket from here.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.