Dogecoin continues to look "beautiful"... It looks pretty good, this trading pair on the chart.
We have a mixture of factors that are working in favor of Cryptocurrency right now, a positive bullish soup.
➖ Good news start to show up after years of bad news. ➖ People become stronger after massive pain, the bear market. ➖ Retail, institutional and insiders all had the time to either hold, trade or sell, whatever happens now reveals the spirit of this industry, what the future holds.
If the market doesn't disappear after a few years but instead continues to grow, it is not a fluke, no "tulip mania", we have something real, technology, a new form of money... Just like the internet changed the world.
4 Consecutive green sessions we have on this Dogecoin chart. Each session containing 3 days each.
Trading volume is still low but above-average and green.
The downward bend on the consolidation phase normally predicts a bullish wave. In fact, an upward bend tends to be considered bearish, as a rising wedge for example.
Prices move up and converge at the same point just to fall. In reverse, prices move lower and lower, something like lower highs and higher lows and depending on the market cycle, the trading volume, Bitcoin, geo-politics and the market as a whole, this will determine if the next move goes down or up.
Confirmation is already in! That's great.
We are set to experience maximum growth... Watch out though, after the bullish wave comes a bearish wave, back and forth.
This wave will definitely lead to a major correction but that is just how the market works. We sell high up when green, buy when red and near support... Rinse and repeat long-term...
Thanks a lot for your amazing and continued support.