Dogecoin Will Rise15% If This Pattern Plays Out Correctly
The first Memecoin on the cryptocurrency market, Dogecoin, has a clue of intraday traders thanks to the symmetrical triangle pattern, which may release DOGE forward if it plays out in favor of bulls.
Traders usually consider a symmetrical triangle a bullish pattern as it statistically results in an upward breakout. But at the same time, traders should not forget about the possibility of a bearish scenario in which an asset breaks the lower border of a pattern and speed downward.
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Uninterestingly, DOGE is more actively testing the lower border of the formation, hinting at a plunge down rather than a short-term upward rally.
Long-term Dogecoin scenario
Because of the cur...