Dogecoin: Weekly Retest Pattern Repeats 2016-2020 Script
Trader Tardigrade highlights that Dogecoin has repeated its rounded base and falling trendline retest three times, with 2016 and 2020 both delivering major surges after the line held.
SourceAnalysis
Dogecoin sits on the weekly falling trendline once more after building a rounded base and breaking out, exactly as it did ahead of the 2016 and 2020 rallies.
Price action at $0.08 on the 4h chart shows a bearish structure with EMA50 and EMA200 both acting as resistance at the same level while MACD prints a death cross; RSI at 38.61 remains neutral and price trades inside the Bollinger bands, suggesting any upside attempt toward the upper band at $0.08 will likely meet selling pressure before a deeper probe of lower band support at $0.08.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.