Dogecoin - False breakout in play?
This is an update to my previous post about Doge.
Last analysis was a bullish triangle play, the analysis has now been changed alongside my view on this coin.
Price have printed a turtle soup at the recent high after a good run to the upside.
Price have broken out of the pattern and now retested.
I am now short based on the retest with a SL of 0.4360
I am now curious to see if my thesis is right and if Doge rolls over i will taget 0.15 area where we have a old major channel that is visible on the 4H if you zoom out alot.
Last analysis was a bullish triangle play, the analysis has now been changed alongside my view on this coin.
Price have printed a turtle soup at the recent high after a good run to the upside.
Price have broken out of the pattern and now retested.
I am now short based on the retest with a SL of 0.4360
I am now curious to see if my thesis is right and if Doge rolls over i will taget 0.15 area where we have a old major channel that is visible on the 4H if you zoom out alot.
Transaction en cours
Taking partial profit here at 0.35Note
Price is consolidating, and we could see some movement when the volume returns in a few days.
Happy new year.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.