SUMMARY
DogeCoin (DOGE/USD) price is very proximal to the apex of the downward wedge pattern. Does this mean that a breakout will assure a new all time highs? No. However, a breakout is expected to provide a sizable % gain. As Altcoins have shown the tendency, even after a breakout, a lower low can be placed because such is the pull of the time extension for these corrections.
IF a breakout in the MACD occurs, it could potentially even move at an impulse as shown by the blue arrow line. Probability leans towards discounting the likelihood of a further decline in MACD vs an upside. The next 3-5 days should provide the resolution to direction.
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