When In Doubt Zoom Out: DogeGov in Bullish Wedge Pattern
Doge Gov is building for a much bigger breakout.
This was originally a Bull Flag and has now turned into a large Bullish Wedge pattern.
Bullish Wedge Pattern
The bullish wedge pattern, also known as the rising wedge, serves as a significant bullish continuation signal. It takes shape within an uptrend as prices form higher highs and higher lows, converging into a narrowing range. A breakout above the upper trendline suggests a bullish continuation, which can be advantageous for traders seeking to capitalise on an ongoing upward trend.
PT is in the $3-4 range when continuation pattern moves to the upside.
This was originally a Bull Flag and has now turned into a large Bullish Wedge pattern.
Bullish Wedge Pattern
The bullish wedge pattern, also known as the rising wedge, serves as a significant bullish continuation signal. It takes shape within an uptrend as prices form higher highs and higher lows, converging into a narrowing range. A breakout above the upper trendline suggests a bullish continuation, which can be advantageous for traders seeking to capitalise on an ongoing upward trend.
PT is in the $3-4 range when continuation pattern moves to the upside.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.