DOGE - Forming a bull pennant!

5 Apr 2023

Here's a quick look at the 30 min DOGE chart. Following a significant upward movement, the price has entered a phase of consolidation, resulting in the formation of a large bull pennant. A bull pennant is a bullish continuation pattern that typically has a 70% chance of breaking to the upside. Should this bull pennant be breached, it would suggest a continuation of the bullish trend, and as such, it is advisable to monitor this development closely.
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The idea is: Buy when the price breaks above 0.1022$ and take profits at the levels shown in the chart.

Targets:

1. 0.1033$
2. 0.1048$
3. 0.1100$
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With regards to Altcoins:

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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!