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DOGE Forms Descending Triangle, Will it Observe 5-Digit Spike Again?
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- Ali observed a descending triangle pattern forming on the DOGE one-week chart.
- The DOGE/USDT 1-Day Chart shows a falling wedge pattern could be forming.
- DOGE’s three-digit spike and five-digit could be caused by the trader’s interests.
A crypto analyst under the pseudonym Ali observed a descending triangle pattern forming on the DOGE one-week chart. The crypto analyst also pointed out that DOGE experienced a 23,200% surge last time a descending triangle pattern formed. Currently, Ali speculated that if DOGE closes above $0.80, then, there may be a chance that the bullish surge could happen once again.
#Dogecoin | The last time a descending triangle developed on the monthly chart $DOGE pumped 23,200%!
— Ali (@ali_charts) July 23, 2023
I'll be looking at a sustained monthly close above $0.80 for confirmation. pic.twitter.com/RVgymwIhtK
Looking at the DOGE/USDT 1-Day Chart, the candlesticks could be forming a falling wedge pattern. This could be deduced by observing the lower highs and lower lows that are continuously forming over time. Moreover, the 200 SMA and the trendline could converge soon, creating a strong resistance level for DOGE.
The post DOGE Forms Descending Triangle, Will it Observe 5-Digit Spike Again? appeared first on Coin Edition.
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$ 0.9986
-0.03%
$ 0.124
-0.75%
$ 0.001
$ 1.15
$ 0.000161
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In This News
Coins
$ 0.9986
-0.03%$ 0.124
-0.75%$ 0.001
$ 1.15
$ 0.000161
Share:
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DOGE Forms Descending Triangle, Will it Observe 5-Digit Spike Again?
Share:
- Ali observed a descending triangle pattern forming on the DOGE one-week chart.
- The DOGE/USDT 1-Day Chart shows a falling wedge pattern could be forming.
- DOGE’s three-digit spike and five-digit could be caused by the trader’s interests.
A crypto analyst under the pseudonym Ali observed a descending triangle pattern forming on the DOGE one-week chart. The crypto analyst also pointed out that DOGE experienced a 23,200% surge last time a descending triangle pattern formed. Currently, Ali speculated that if DOGE closes above $0.80, then, there may be a chance that the bullish surge could happen once again.
#Dogecoin | The last time a descending triangle developed on the monthly chart $DOGE pumped 23,200%!
— Ali (@ali_charts) July 23, 2023
I'll be looking at a sustained monthly close above $0.80 for confirmation. pic.twitter.com/RVgymwIhtK
Looking at the DOGE/USDT 1-Day Chart, the candlesticks could be forming a falling wedge pattern. This could be deduced by observing the lower highs and lower lows that are continuously forming over time. Moreover, the 200 SMA and the trendline could converge soon, creating a strong resistance level for DOGE.
The post DOGE Forms Descending Triangle, Will it Observe 5-Digit Spike Again? appeared first on Coin Edition.
In This News
Coins
$ 0.9986
-0.03%$ 0.124
-0.75%$ 0.001
$ 1.15
$ 0.000161
Share:
In This News
Coins
$ 0.9986
-0.03%$ 0.124
-0.75%$ 0.001
$ 1.15
$ 0.000161
Share:
Read More
Dogecoin, Shiba Inu, and Pepe Price Predictions as Bitcoin Drops Below $90k