Dogecoin: Megaphone Pattern Eyes $0.108 Upper Trendline
Trader Tardigrade notes Dogecoin printing a megaphone pattern on the daily chart after bouncing from the lower trendline, with the prior move pointing toward the upper boundary near $0.108.
SourceAnalysis
Dogecoin is printing a megaphone pattern on the daily chart, with higher highs and lower lows widening the range after price tagged the lower trendline and bounced.
The last touch of that line previously sent price toward the top, and a repeat points to the upper trendline near $0.108.
At $0.08 on the 4h chart, DOGE sits inside the Bollinger bands with EMA50 at $0.08 acting as immediate support and EMA200 at $0.09 capping upside; neutral RSI at 44.8 combined with the MACD golden cross suggests the next leg higher remains intact once the daily megaphone resolves.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.