Today we are here to analyze Dodge coin.
If we look at the Dogeusdt chart in 4 hours timeframe, we can see a upward channel that was formed on December 4.and On December 14, after hitting this channel and the news of Ilon Musk to offer some Tesla products instate of Dodgecoin, we saw price increase up to 22 cents. Today, about two or three hours ago, this dynamic resistance was felt again, and considering the increase of about 44% in the first stage and about 60% in the second stage, we expect at least 44% and therefore price will increase till about 23 cents.
But when we look at the Dogebtc daily chart, we can see a falling wedge that has not been broken since 14th August even after the news of Ilon Musk. Therefore, it is expected that if the price increases in the Dogeusdt upward channel and bitcoin remains stable, the falling wedge will be broken up here as well. And then we can expect a tremendous price increase.
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If we look at the Dogeusdt chart in 4 hours timeframe, we can see a upward channel that was formed on December 4.and On December 14, after hitting this channel and the news of Ilon Musk to offer some Tesla products instate of Dodgecoin, we saw price increase up to 22 cents. Today, about two or three hours ago, this dynamic resistance was felt again, and considering the increase of about 44% in the first stage and about 60% in the second stage, we expect at least 44% and therefore price will increase till about 23 cents.
But when we look at the Dogebtc daily chart, we can see a falling wedge that has not been broken since 14th August even after the news of Ilon Musk. Therefore, it is expected that if the price increases in the Dogeusdt upward channel and bitcoin remains stable, the falling wedge will be broken up here as well. And then we can expect a tremendous price increase.
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