FieryTrading

🔥 DOGE Successful Break Out: Following Shiba?

Long
BINANCE:DOGEUSDT   Dogecoin / TetherUS
A couple of days ago I made an analysis on DOGE. In this analysis I talked about the bullish triangle that was forming and that a break out was likely to happen.


In the end, the price had to re-test the triangle's support (and made a fake bearish break out) during yesterday's dump. Following this bearish move, a massive bullish candle appeared on the chart.

I'm expecting the price to consolidate for a while around the $0.30 area. First target after consolidation is $0.35, second is $0.4.

DOGE has seen very little bullish volatility since May. It could very well be the case that DOGE will blast off after SHIBA has topped. Keeping a close eye on this one.

Happy trading!

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