Dogecoin Forms Explosive Cup And Handle Pattern With $4 Target

Q: How long will it take to read this news story?

The story "Dogecoin Forms Explosive Cup And Handle Pattern With $4 Target" has 482 words across 70 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Dogecoin Forms Explosive Cup And Handle Pattern With $4 Target" was covered 16 hours ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 7 news stories per day. It's most recent story was published 13 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27020646</li><li>URL: https://beamstart.com/news/dogecoin-forms-explosive-cup-and-17420293606494</li></ul>

NewsBTC Logo NewsBTC 16h ago

Dogecoin Forms Explosive Cup And Handle Pattern With $4 Target - NewsBTC

Quick Summary:

The handle serves as the last phase where weaker hands exit, and stronger buying interest gathers momentum before a decisive move higher. If Dogecoin successfully breaks out of the cup and handle pattern, the projected price target can be estimated using the measured move technique.

Critique: Why This Is Not A Classic Cup And Handle A textbook cup and handle requires specific structural characteristics, including a rounded bottom and a shallow handle, forming near a prior all-time high or key resistance zone before a breakout.

Dogecoin Cup And Handle Pattern The first stage of this pattern, the cup, began taking shape when Dogecoin initially declined from its May 2021 all time high at $0.74.