Why $28 ?
As we have seen before, Dogecoin always follows a specific pattern that we can reproduce with Fibonacci extension tool : it always goes to 3.272. We can reproduce this pattern and see that the next 3.272 is $28.
When will it begin ?
Bitcoin is rising, and we know that Dogecoin usually rises when bitcoin pullbacks. In order for Dogecoin to rise, Bitcoin has to pull back or go sideways for a while. Knowing that Bitcoin just reached its previous all-time high, we're going to have to wait a few more weeks in order to see bitcoin pulling back from a higher price than its current price.
What about the bullish triangle ?
We can see on the chart that Dogecoin always forms a bullish triangle before rising. Here we can see that the current triangle is 3 times bigger than the previous one, which let us conclude that the next rise will be much bigger than the previous one. Moreover, this triangle ends around November 15th which gives about one month to Bitcoin to rise and pullback in order for institutional traders to put move the money from Bitcoin to Altcoins
Tell me what you think about this chart down-below
As we have seen before, Dogecoin always follows a specific pattern that we can reproduce with Fibonacci extension tool : it always goes to 3.272. We can reproduce this pattern and see that the next 3.272 is $28.
When will it begin ?
Bitcoin is rising, and we know that Dogecoin usually rises when bitcoin pullbacks. In order for Dogecoin to rise, Bitcoin has to pull back or go sideways for a while. Knowing that Bitcoin just reached its previous all-time high, we're going to have to wait a few more weeks in order to see bitcoin pulling back from a higher price than its current price.
What about the bullish triangle ?
We can see on the chart that Dogecoin always forms a bullish triangle before rising. Here we can see that the current triangle is 3 times bigger than the previous one, which let us conclude that the next rise will be much bigger than the previous one. Moreover, this triangle ends around November 15th which gives about one month to Bitcoin to rise and pullback in order for institutional traders to put move the money from Bitcoin to Altcoins
Tell me what you think about this chart down-below
