DOGE/USDT Wedge Break-Out: Potential Strong Gains Ahead

30 Des 2020

DOGE has been following the wedge for a couple of weeks now. Today, it started moving upward through the upper trend line instead of touching the lower trend line again. With the recent interest in Crypto I wouldn't be surprised if we'd see more DOGE gains soon. After all, alts are left behind whilst Bitcoin is gaining value by the day.

I' ve marked two areas of resistance on the chart where I expect major selling pressure to occur, tread carefully around these areas since the price might drop sharply. Take care with your risk management.