DogeBTC bullish Pennant

2021년 5월 25일

Hey all,
DogeBtC now is situated into a bullish pennant which can lead Doge for a massive breakout.This is a powerfull continuation pattern.You can entry on this trade ONLY after a succesfully breakout from this channel and a succesfully RETEST of the upper line.
The possible target is 1180 sats and 1600

Personally i will not enter in this trade because in my opinion Doge it s too overvalued and the BTC dominance when will increase doge will plummet hard
After a succesfully breakout i will short this coin ,keep your eyes on this coin.
If the breakout and retest will happen ,this coin will take the first target

Tehnically:
-The pennant is a bullish pattern
-Macd sell volume slowing down which is a bull signal
-stochastic bullish
-rsi situated into a falling wedge which is bullish

Bear signal
-BTCUSD Long positions it s too high(check my previous TA on BTC)
-BTC dominance RsI on weekly too low

Personal strategy:I m waiting the breakout and after i will short doge

2021년 6월 2일

액티브 트레이드

First target hit. Still wait for a short entry. Be patient