Dogecoin, Ethereum, Gold Trades On Your Mind? Here’s What This Top Analyst Has Projected For The Coming Few Days
A leading cryptocurrency analyst on Tuesday projected significant volatility for Dogecoin (CRYPTO: DOGE) in the days ahead, while outlining a rosy outlook for gold.
Which Way Is DOGE Headed?
Ali Martinez took to X, highlighting a descending triangle formation on Dogecoin’s 4-hour chart that could trigger a 29% price move for the memecoin.
Note that Martinez didn’t explicitly state the direction of the swing, whether upward or downward.
Typically, the pattern indicates a continuation of a downtrend, where sellers are gaining control.
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset’s price, typically the 12-period and the 26-period, flashed a “Buy” signal for DOGE, according to TradingView.
Conversely, the Bull Bear Power indicator, …
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