A crypto analyst has identified Dogecoin (DOGE) as a top buy opportunity, sharing a technical analysis of the meme coin’s future trajectory and potential for a significant price surge. While the analyst encourages investors to buy Dogecoin, he has discovered the emergence of two unique technical chart patterns in the 4-hour time frame that support his bullish forecast. 

Here’s Why Investors Should Buy Dogecoin Now

CobraVanguard, a crypto analyst on TradingView, has announced a new buy opportunity for Dogecoin investors, identifying two bullish chart patterns that suggest a strong rally may be imminent. The first pattern, an Ascending Triangle, signals a potential price breakout to the upside. It is formed by a flat horizontal resistance line and a rising support line.

The second chart pattern discovered by the analyst is the Cup and Handle. This indicates a bullish continuation trend, suggesting that a cryptocurrency’s price is poised to break out after a consolidation period.

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Author: Scott Matherson

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