"A short Analysis About DOGE Coin"
After watching DOGE skyrocket, I've recently reviewed it's pattern to understand what would be the next thing to happen about this coin. after a thorough research about candlestick patterns and continuation patterns, I found out that DOGE Coin has been forming a cup and handle pattern on a weekly and monthly time-frame creating a bullish signal to everyone accumulating DOGE and following also the recent news about Elon Musk in relation to DOGE which created market hype.
In addition to the Cup and Handle pattern that the DOGE Coin has created on its weekly and monthly time-frame, the pattern is also forming an end, and could potentially lead to a bearish reversal. Those who won from accumulating DOGE, could probably start profit taking a portion of their wins and leave some money to cover their capital in accumulating DOGE. We all know that the market is unpredictable, but with proper execution of when to be buy and when to sell our accumulated cryptocurrencies could potentially save us from losses.
Remember, profit taking isn't a fear, but rather a smart move to stop ourselves from potential losses. I hope that everyone is having a good day and I hope that my signals will help some of you. Thank you and Have a great day ahead everyone!
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