Broadening Wedge Could Send Dogecoin Price Flying, But Watch These Key Factors
As the market enters a period of uncertainty after a bullish start to the week, the Dogecoin price has slipped back into a consolidation trend once again. This represents the slowdown brought about by profit-taking as investors secure their position. However, this does not mean that the favor has fallen back to the bears. In fact, the Dogecoin price remains in a bullish position, and as long as key factors continue to hold, then the meme coin could see a colorful breakout rally from here. The Broadening Wedge And What It Means Pseudonymous crypto analyst Gandalf Crypto took to the X....
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The Dogecoin price displays strong bullish signals after breaking out of a Falling Wedge formation. The breakout and a successful retest of the wedge pattern have fueled optimism of a potential price rally, with a crypto analyst forecasting a 50% jump to new highs soon. Falling Wedge Breakout Signal Dogecoin Price Rally Dogecoin has been […]
The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure. A recent price boom in the Tezos (XTZ) market risks exhaustion as it triggers a classic bearish pattern.Dubbed as the "ascending broadening wedge," the pattern develops when the price oscillates between two upward but diverging trendlines. According to its creator Thomas Bulkowski, these wedges tell less about buying exhaustion and more about sellers' ambition to take control, i.e., buyers tend to lose dominance every time the price touches the upper trendline.XTZ's....
Crypto analyst Jelle has highlighted a bullish pattern on the Bitcoin chart, which he predicts could send its price as high as $90,000. He also provided a timeline for when this parabolic rally could begin. This comes amid a bullish outlook for the flagship crypto following the Fed rate cuts. Descending Broadening Wedge Could Send Bitcoin To $90,000 In an X post, Jelle mentioned a descending broadening wedge pattern that had formed on Bitcoin’s chart. He claimed that the pattern has a price target of $90,000 and added that he expects the price breakout to this target to begin in October.....
Calls for a trip back to $20,000 or even lower were in abundance after Bitcoin collapsed by 50% and sent the market into a bearish state. However, the idea that Bitcoin has bottomed is beginning to broaden. That statement is also a double entendre, referencing a potential chart pattern which further supports the theory. Here is a closer look at the potential broadening wedge bottom pattern, how the recent market conditions fit, and what to expect if the pattern confirms. The Case For The Bottom Being In Begins To Build Bitcoin price collapsed from highs set in Q2 around $65,000 to as low....
The Dogecoin price has just completed a key technical breakout against Bitcoin (BTC), potentially signaling the start of a significant rally. According to the analyst who identified the Falling Wedge breakout, Dogecoin may also outperform Bitcoin in this market cycle. Dogecoin Price Eyes Pump After Falling Wedge Breakout On April 27, Trader Tardigrade, an X […]