dariusab

Doge breakout incoming...

Long
BINANCE:DOGEUSD   Dogecoin
Dogecoin is coming close to a bullish breakout within this triangle pattern. Usually when drawing out these symmetrical triangles, it can be difficult to tell in which direction will occur. But with the proper indicators in place, it can be pretty easy to tell. In this case, we are looking at the Daily chart, which looks really solid on the MACD bullish cross. MACD is a very powerful indicator, especially on larger TF's. On the lower indicator I have named "Market Cipher" shows positive money flowing into the market as well as positive VWAP cross. This is a decent looking indication of a bullish breakout, with patterns very similar to other cryptos.
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