Mastiff DOGE / USD Strongly corrected this week, but cryptocurrency on the theme of the dog could win in the coming days, according to a popular trader analysis on Thursday.
What happened: Tardigrade traderKnown to recognize the models and predict the next cryptocurrency movements, planned “rising momentum” for DOGE while the same piece broke out with a descending trend line.
As a rule, a break above the downward trend line indicates that buyers’ demand has increased and that the downward trend could end. In particular, DOGE lost more than 6% in a week.
In a separate article, the influential merchant has spotted a ditch model on the weekly Dogecoin vs. Bitcoin BTC / USD Dominance graph.
The corner of the fall is now supported by a key level. Dogecoin could surpass the BTC and direct the #altsason in the coming weeks, “they said.
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Ali Martinez, Another widely followed cryptocurrency analyst predicted that Doge amounts to $ 0.36 after the largest part of the market capitalization has been seen from a symmetrical triangle model.
A symmetrical triangle model, characterized by two convergent trend lines, indicates a period of market consolidation before an escape or a potential rupture.
Why it matters: Handy projections were contrasting with low -hand signals from certain popular technical indicators of Dogecoin.
The divergence of the mobile average convergence, which compares two exponential price averages, has flashed a “sale” signal to date data TradingView.
In addition, the momentum, which compares the short -term momentum and long -term momentum, also gave a lower signal.
In the long term market, dogworms have increased against bullish bets, according to in Coréglass.
Action: At the time of writing the present Benzinga Pro data. Update year, the medal increased by 3.56%.
Image via Shutterstock
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