Trader That Called 2021 Crypto Collapse Flips Bullish on Dogecoin, Hints at Bitcoin Breakout Now
A trader who nailed the May 2021 Bitcoin (BTC) collapse is suddenly turning bullish on Dogecoin (DOGE). Pseudonymous analyst Dave the Wave tells 146,500 followers on the social media platform X that DOGE may be forming a bullish ascending triangle on the daily timeframe. A triangle pattern is considered bullish if the asset clears a key resistance level. Says Dave the Wave, “Tell me that ain’t bullish.” Source: Dave the Wave/X Looking at his chart, the analyst appears to also suggest that DOGE is consolidating in a broader symmetrical triangle pattern and may soon break through resistance that could put the memecoin in the $0.20 range. Dave the Wave also appears to suggest that DOGE will rally close to its all-time high of $0.73 during this cycle. DOGE is trading for $0.14 at time of writing, up 1.2% in the last 24 hours. Next up, the analyst says Bitcoin could ignite rallies to fresh all-time highs if the flagship digital asset can break th...