jamessto

DOGE BREAKOUT INCOMING?! Is it a Bull flag or a Dead Cat Bounce?

Long
BINANCE:DOGEUSDT   Dogecoin / TetherUS
There are 2 scenarios for Dogecoin right now, either we are seeing a dead cat bounce or a massive pump is imminent. I am going with the more bullish scenario. Dogecoin looks to have been accumulating in a huge bull flag this month. We had a clear breakout from the channel and attempt at 0.065 cents, but we are now accumulating once more as a retest of the trending resistance level. If the pump happens it will be in the next several hours or at most the next couple days.

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.