DOGEUSD - A Healthy 30% Long Trade Even when Near Pinch Point

Similar to most (but not all!) cryptos out there currently, there's a long descending trend line which started forming around May 2021 and seems to have been keeping a limit of most cryptos ever since. DOGE is no different, it has recently tested this trend line and been rejected but seems to have been forming a smaller parallel channel of it's own...

This in conjunction with a Buy signal from Crypto Tipster v2 leads us to beleive that DOGE will likely stay within BOTH areas for the time, possibly heading up to the upper edges of these current trending channels - taking the price up a rather huge 30% from it's current place!

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Commentaire:

No real movement just yet - we seem to be forming a smaller symmetrical triangle inside the larger one illustrated.