Doge is breaking out in the media with news of “Dogeday 4/20” and DOGE is actually set to break out of an ascending triangle , which is a bullish formation . The technical price target of the triangle is .56, but with DOGE’s high volatility the price could go much higher.
I am not a believer in the long term vitality of DOGE. But with it being doge day, the mass media hype, and the TA also looking bullish, I’m going long here. I’ll walk away from the trade if DOGE closes a 4 hr candle below the triangle support line. .
As you can see , marked by the green arrow, the last 4 hour candle has heavy buying pressure.
Bullish.
The apex of the triangle is exactly midnight , 4/20 U.S eastern standard time.
Good luck out there. Stay safe
I am not a believer in the long term vitality of DOGE. But with it being doge day, the mass media hype, and the TA also looking bullish, I’m going long here. I’ll walk away from the trade if DOGE closes a 4 hr candle below the triangle support line. .
As you can see , marked by the green arrow, the last 4 hour candle has heavy buying pressure.
Bullish.
The apex of the triangle is exactly midnight , 4/20 U.S eastern standard time.
Good luck out there. Stay safe