DOGE: a legendary re-test.
I was always checking this trendline in "logarithmic scale" and i was sure it would have hold. It didn't.
So i had the idea of checking it in "linear scale" and look at this! The price touched it and reacted aggressively.
Also notice how the price is compressing to the very end of the falling wedge.
It's normal to have this type of "low" volume. We will then experience a strong and aggressive push when the formation is coming to an end.
Most of the time, this type of pattern, is going to breakout to the upside but in the case of dogecoin we could never know. It's difficoult to believe at TA made for a token like Doge.
Anyway i was fascinated by the size of the falling wedge and the beauty of the structure. A very perfect one, even in its re-tests.
So i had the idea of checking it in "linear scale" and look at this! The price touched it and reacted aggressively.
Also notice how the price is compressing to the very end of the falling wedge.
It's normal to have this type of "low" volume. We will then experience a strong and aggressive push when the formation is coming to an end.
Most of the time, this type of pattern, is going to breakout to the upside but in the case of dogecoin we could never know. It's difficoult to believe at TA made for a token like Doge.
Anyway i was fascinated by the size of the falling wedge and the beauty of the structure. A very perfect one, even in its re-tests.
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