Dogecoin appears to be preparing for its next significant move, with a familiar price structure showing up on its price chart. According to crypto analyst (basictradingtv), the meme coin is playing out a trend of rounding bottom patterns and parabolic rallies, which have always sent its price to all-time highs. The current setup suggests that Dogecoin’s ongoing recovery from its March low may not just be a temporary bounce, but there’s a 100% chance it is the beginning of a much larger parabolic rally. Dogecoin Trading In A Familiar Cycle: 100% Chance Of Rally At the core of the bullish forecast is the recurrence of a well-known price pattern, the rounding bottom. Dogecoin is known for trading in multi-year cycles that start with a gradual bottoming formation, eventually leading to explosive rallies. This pattern, visible on longer-term charts, has formed again over the past several months. Related Reading: Dogecoin Activity Levels Crash To 4-Month Lows, Does This Spell Doom For The Meme Coin? As shown in the monthly candlestick timeframe chart below, the rounding bottom play ..
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