SHORT DOGCOIN/USD

25. Juli 2022

As you can see in the DogeCoin chart, the price is in a triangle. This triangle can be considered as wave 4. Therefore, there are two scenarios ahead. The first scenario is the breaking of the triangle from the bottom side and its standard, which is actually the beginning of wave 5. The second scenario is the breaking of the triangle from above, which can be the continuation of wave 4 and its completion. In any case, in order to trade, you should pay attention to the triangle and trade in the direction of its failure. If the triangle is broken from the bottom, the first target can be 0.0411 and then 0.0309, and if the upper side of the triangle is broken, the price targets will be 0.0855 and 0.0955.