Crypto analyst Trader Tardigrade is pointing to a setup that could define Dogecoin’s next major move. The Dogecoin monthly candlestick chart, which stretches back to 2014, shows a pattern that has played out with remarkable consistency, almost mechanical in nature.
According to that structure, Dogecoin is now sitting right at the level where previous price explosions have been triggered.
A Pattern That Has Played Out Twice Before
Dogecoin is still trading below $0.10 into the last week of April, languishing well below its cycle peak of $0.48 and largely ignored by many crypto investors. But for Trader Tardigrade, that lack of action may be precisely the point.
The structure at the center of Trader Tardigrade’s analysis is a descending triangle that appears to form on Dogecoin’s…
more
Source www.tradingview.com
Terms of use and third-party services. More here.