Altsignals

DOGECOIN - Bull Flag Anyone??

BINANCE:DOGEUSDT   Dogecoin / TetherUS
Following our educational post about flag patterns, we are now seeing a bullflag for Dogecoin .

After the breakout of the descending wedge at the end of May, we had a nice impulse and now we are in a correction that looks to be a bull flag . The bull flag support lines up nicely with our previous structure and the 100EMA.

Watch for buying pressure at the 0.28 level. Alternatively, watch for a breakout of the flag!

Refer back to our educational post on how to trade flags. See linked chart below.
Crypto Signal Leader Since 2017
50,000 Members Worldwide
https://AltSignals.io

Comments

Although I'm expecting a break out to the upside of the descending channel, surely this can't be a bull flag if it goes all the way back to 0.28 level, that was the start of the impulse move. Even at this point can it still be considered a flag pattern with such a deep correction?
Reply