A POTENTIAL MAASIVE SPIKE COMING ON DOGECOIN!!!???

30 apr. 2022DogeCoin had a massive week so far, aside from its massive jump, dogecoin can also now be used for "Rent Payments". ON the topic talks of payments, a Dubai real-estate developer will start accepting Bitcion and Etherum for purchases of luxury homes. Everyone reading into the coin or followed the news lately, should by now know that 'Billionaire Elon Musk' recently just brought Twitter, as seen a dramatic rally on the coin, price jumped as much as 30% higher on the news, however the move of the rally was short-lived as a touch over 10% was taken off. since tuesday, looks like traders are trying to work out what Mondays spike meant. On observing at the daily chart it seems to have a solid looking range in play, and this could potentially set up a "straddle play" By the way a straddle is where a trader places buys above the range and sells below the range. As one cancels over an option to avoid bring double filled. If the spike is valid on the coin, the main question that May need to be answered by traders , did we see a lower breakout, could price potentially retrace Mondays spike retesting lows set on the 25th or if it breaks higher, we could see a new test of 0.17 QUESTION MARK!!! Until we spot some direction off the consolidation, the market may remain in rangebound. Also notice on the technical side of things we can see a potential 'CUP AND HANDLE PATTERN' probably coming in full motion in its due timing, So be watch of tests out of the range area, also be very watchful of "false breaks" price might end up just doing a 'minor bear', However the unexpected can happen "market manipulation" could tag along in playing, So always remember to keep,
" PROPER RISK MANAGEMENT" IN CHECK!!! Happy/Safe/Wise/trading.