Dogecoin: Bullish Falling Wedge Forms on 4H Chart
Trader Tardigrade notes Dogecoin printing a bullish falling wedge on the 4-hour chart positioned at the prior swing-low support zone with potential for upside breakout.
SourceAnalysis
Dogecoin is printing a bullish falling wedge on the 4H chart, the pattern anchored directly on the prior swing-low support zone according to @TATrader_Alan.
Price sits at $0.08 where the EMA50 converges with the upper Bollinger band while the EMA200 rests at $0.09, preserving the longer-term bearish structure. The MACD golden cross at -0.0 supplies short-term bullish momentum against neutral RSI at 41.48, creating confluence that favors a measured advance from wedge support before any retest of the $0.08 resistance band.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.