TronWeekly

Crypto World News

You are here: Home / Archives for Doge price analysis

Doge price analysis

Dogecoin (DOGE) Gains As Retail Investors Surge, While Whales Reduce Holdings: Report

by

  • Retail investors flock to Dogecoin (DOGE), with over 74,000 new wallets created in the last month, signaling renewed interest.
  • Whale wallets decrease by 350, while 108 return, helping DOGE hit $0.40 for the first time in 3+ years.
  • DOGE’s future depends on whether large holders return, as retail enthusiasm alone may not sustain the current rally.

In the last few weeks, Dogecoin has gained the interest of retail investors again, which indicates a change in the type of investors. According to the analytics platform Santiment, 74,885 new wallets with less than 100,000 DOGE were created in the last month. This inflow is an indication that interest from other smaller and retail investors is on the rise as they continue to buy into DOGE as a highly volatile asset with recent price action.

Trends In Dogecoin Holders

However, the retail investors are coming to the market, and the big Doge holders or the ‘sharks’ and ‘whales’ are withdrawing. These high-value wallets have reduced by 350 during this time. However, 108 large wallets have returned in the past few days; DOGE was able to break through the $0.40 level for the first time in over three and a half years. Despite the current limited involvement of major investors, there is a possibility of the recent rally being sustained and at the same time highlighting changing patterns of ownership.

As the Dogecoin’s performance in the market frequently relies on purchases by both small and big investors. Of importance, these two groups need to be in sync to sustain any rally in speculative assets, and from the recent data, it appears that the smaller investors are the ones who are leading this rally.

Thus, the next several days would likely be decisive in determining whether the big investors are to join the further growth of the coin again. At the time of writing, Doge is trading at $0.4222, a 24-hour charge of 51.96%.

AD 4nXdQ36CwQJ781AlzpIBTIiIgxqKXWaH PB30WDCan1uJuBXluh70GsPWQHMG 2XeZhPXBeWKbltG5fiWy7pcVcoA ZiBve bskVK12I5Yqqx9jtjRo OCRYNLdPxFr7UMM8We7k?key=6c

Source: TradingView

DOGE’s Path In A Volatile Market

The current trend of DOGE is still positive, and experts have argued that the cryptocurrency may continue to rise only with the return of big investors. While retail investors have entered the market in droves, ‘whales’ are still essential to hold DOGE at its current price levels and prevent it from becoming excessively volatile. This could be a new phase for DOGE as the balance is shifting between small and large investors to see if retail traders can alone drive the price higher in one of the most volatile assets in the crypto market.

DOGE is in the middle of this transition period and the question is how these changing demographics will affect the price and stability of DOGE. If the high-value holders proceed with their slow-selling process, the Dogecoin price may face higher volatility entirely depending on the retail investors’ sentiment.

Dogecoin Price Set for Major Pump? Key Levels and Patterns Signal Breakout

by

  • DOGE could see a 27% rally if it breaks past the $0.169 resistance level, targeting a rise to $0.209.
  • Technical patterns suggest a parabolic breakout for DOGE if it clears key monthly levels.
  • Dogecoin’s historical cycles point to strong growth potential, sparking excitement among investors.

Dogecoin (DOGE) might be on the verge of a major price pump, given the technical analysis trends that are suggestive of a break out. Experts in analysis and trading have outlined specific levels of resistance and long term formations on the chart which means if DOGE manages to break through certain price ranges then it would rally.

Dogecoin Critical Resistance Level

In the short term, crypto analyst Ali Martinez pointed out that DOGE has critical resistance at $0.169. As per Martinez, a break above this level could send Dogecoin on a 27% rise, with the price reaching $0.209. This remains a crucial price level and if DOGE is to continue the upward movement, it must hold here. The 4-hour time frame has a bearish channel that could open up more upward pressure if it is violated.

Trader Tardigrade further boosted the DOGE outlook by looking at the monthly chart with a falling wedge pattern on it. Breakout from falling wedges is usually bullish, and may lead to a reversal or a parabolic rise. Past breakout from similar wedge patterns in DOGE’s chart prior to this resulted in a sharp rise hence Dogecoin may be set for another big bullish run if this pattern is broken.

“Parabolic move is following the falling wedge breakout” Tardigrade pointed out in a recent analysis, meaning the current pattern is similar to the previous ones. Thus, as long as DOGE retains this structure, there is still a high chance of large profits.

AD 4nXf43pNiUQ8xs7FKFPDfOp4f0n0oeI4AfBPOAUXtKDZVym0VRLso m57Pls0xiZ8nZgFhlpWdWIzwEqaODGMlhS NZNBTgipTuLFAWsqaRQHM1Kpl3ZKLQ2N5CY5D6G6cxkGgLJIjP1BzkWKdPcsl9rdM0w0?key=Xo0S 4lU

Source: Chart by Trader Tardigrade

DOGE’s Growth Potential

As part of a long-term analysis, Zer0 pointed out that DOGE has shown an explosive growth pattern after long periods of stagnation. Based on his analysis, prior cycles feature gains of as much as 92X and 300X after years of consolidation. According to Zer0, as has occurred in the past, if Doge’s current status remains unchanged, there could be a major surge in price, which means that long-term investors are in for a treat.

The multi-year cycles of DOGE show signs of a possible great rally as has been seen in previous years. If the consolidation phase ends with a breakout, it could open another big rally.

AD 4nXfJQ15l5EzQytsAkvZU5TyA3t6TjOr0 nRS WE1PC u5Uu6voMAmutxuRmxARzFFMvTw3 M4u2X S6XY0r72u8kWrG6XBYODU0xUwkjkeeM5zNNBTu KEFgN4pnE9PKaBq1D622p9ok cNPRtciVsaevcv3?key=Xo0S 4lU

Source: Chart by Zer0

Dogecoin’s technical configuration has been attracting traders, many of whom are eyeing the $0.169 barrier. A breakdown could confirm the falling wedge and open up parabolic rises which are typical for DOGE in the past. The bearish market has not gone away, but combining short-term and long-term bulls supports the idea that DOGE is about to make a big move, which will cause enthusiasm among the investors again.

Dogecoin Faces Resistance As Bullish Momentum Slows: What Traders Should Know

by

  • Dogecoin has experienced a significant price increase, with the 50-day SMA rising, signaling potential opportunities for new buyers.
  • Despite being overbought territory, 80% of Dogecoin holders remain profitable, indicating strong demand at lower prices.
  • Large DOGE inflows outpaced outflows recently, helping the coin maintain gains despite increasing selling pressure.

Dogecoin (DOGE) has attracted market attention recently due to its impressive bullish trend and movement in the market. In an X post on Wednesday, Crypto Daily Trade Signals, highlighted that the 50-day Simple Moving Average (SMA) is increasing which means there are opportunities for new buyers. 

In the last two weeks alone, Dogecoin has seen what might be among the best runs in the last couple of months. DOGE is now trading at $0.1367, which is 27.91 higher than when it hit its October lows. Although Dogecoin has lately recovered, the coin is currently facing resistance at the $0.141 level, a level that has often proven difficult for the bulls to break. 

Positive Dogecoin Sentiment

In the past, this price range has been problematic and current market data indicates that DOGE’s Relative Strength Index (RSI) is now in the overbought zone. The money flow index (MFI), also shows a weak downward movement which indicates that some traders may begin taking profit.

AD 4nXeUkKIcLrrVzXAIb0UOprz556zs4YP2wYugTiuwY7Oxg9Fc6iqPrD56xKKg lLDyUOUp 4i7CeyA49 a4ihct3NQE1LHamUK6eWgOdSIKKdDCbEj8fNmZjj0nZooQnIwa V9iNFdkigX4QC3X5hWs8aV j?key=GJsQNvii D8mIBjO21AlAw

Source: TradingView

Still, the overall sentiment of Dogecoin holders is still mostly positive, despite the increasing amount of resistance. Analytical platfrom IntoTheBlock suggests that 80% of addresses are in green, 16% in red, which speaks for itself stating demand at lower price tags. This has helped proffer resistance to the DOGE price as some traders are a little bit more careful with their trades.

Furthermore, important large shareholders` activity has been identified in the last several days. Deposits to addresses holding 100 or more Dogecoins went up from 274.5 million to 1.08 billion DOGE between October 20 and 21. While large outflows have also risen, total inflows remain higher, which is why the price has managed to stick to recent gains when there is more selling pressure.

AD 4nXfOcGGhHDf2ViZicnTFSVc

Source: IntoTheBlock

DOGE Outflows Surge

Data from the exchange indicate that outflow volumes reached a high of 422.56 million DOGE on October 21st, while inflows were only 371.71 million DOGE. Since Dogecoin is close to recent price highs, traders are waiting for a signal of whether the price growth will continue or investors will take their profits and cause a price dip shortly.

AD 4nXdOkjVXJvWXlqHGNiJQL84MH3h2NggHk mPHSrDErgZ t XQmKFCAvn6GL9mqvu6jiengUAcL0iCSCmsh 4NR AxWwXks4k4i9HPepk2pDkq2jFqWdEpe1o0 CtZK17f4UUrDX4CYT0 jJ5nBbWvwQjUUmk?key=GJsQNvii D8mIBjO21AlAw

Source: IntoTheBlock

Although Dogecoin has quite strong bullish, various signals from market indicators and increasing resistance levels indicate that the situation should be approached with caution. The RSI and MFI indicators are showing signs of a potential cool down period, while large holders are neutral with their balance between buying and selling. The next few days will be pivotal for Dogecoin to either continue its upward momentum or for a short term retrace.

Dogecoin Breaks Above MA200, Signals Bullish Trend On Rising Volume

by

  • Dogecoin’s breakout above the MA200, supported by rising volume, signals strong bullish momentum.
  • Higher lows over the past year, combined with increased trading volume, suggest sustained upward movement for DOGE.
  • Despite bullish signs, traders remain cautious as market volatility could still impact Dogecoin’s long-term growth trajectory.

Dogecoin (DOGE) has presented strong bullish tendencies and has broken through its 200-day moving average (MA200) which has acted as a major resistance level and has prevented DOGE from advancing since July. In an X post on Saturday, Alan Sanatana highlighted that this breakout, along with the rising trading volume, has again buoyed the traders’ sentiments that Dogecoin is likely to pick up its growth trajectory for the long term.

The recent breakout above the MA200 is still considered as the key level for the further Dogecoin growth. In July, the cryptocurrency was unable to break past this level but the rising volume brings more strength to the current uptrend. This is because the daily trading volume has been on an upward trend, which means that the current price rally has better support than before. At the time of writing, DOGE is priced at $0.14417, which is 9.55% up from the previous day.

AD 4nXfWqUrLY8sfP5euRVRQA1ogziqLfqT7Qe2KDTA20mhI7PJhriAD50GKnEZ V Ey7KRLnD50FoFMg 1iczLB7l06gVHbzFwgFe bMP

Source: TradingView

Dogecoin’s Higher Highs

Besides the breakout, the development of higher highs over the last one year has also played a major role in the bullish view. Dogecoin had a low in August 2023 and another strong higher low in August 2024. The upward movement along with the breakout of the resistance level suggest that Dogecoin may still be on the way up to hit even higher levels in the next couple of months.

Should Dogecoin MA200 hold as it did in July, then it would mean that the breakout is fake. What is different this time around, though, is that the trading volume is much stronger and the price has consolidated for four months, which makes the current uptrend more grounded. 

Weekly Chart Signals Growth

On a weekly chart, Dogecoin is also providing potential for buying opportunities beyond the 24-hour view. Its Bitcoin pairing (DOGEBTC) is also on the rise, which makes it even more likely for the token to climb even higher. Traders are optimistic but cautious, and are looking for any indications that the present trend is nearing a top or bottom.

Source: Chart by Alan Santana

In the future, as DOGE continues to trade higher and form a higher low structure, the increasing volume, and the breakout of key resistances suggest that the mid-term trend remains bullish. However, volatility remains the key characteristic of the market, and traders will have to watch for the support levels in order to ensure that this trend is here to stay.

Dogecoin Surges 63% In Whale Activity, Signaling Potential $0.150 Breakout

by

Dogecoin (DOGE) has broken through a major resistance at $0.111 with over 62k addresses holding above 36 billion DOGE in their wallets. In a recent X post, Ali has pointed out that if this level is maintained, Dogecoin could be on the cusp of a bullish breakout which may present a target of $0.150. With no major supply barriers in the near future, the way up seems brighter and brighter for the popular meme cryptocurrency.

Among the factors that contributed to the positive sentiment concerning token is the increase in whale movement. Whales have been on the move, and in the last 24 hours, large transactions went up by 63% with approximately 65.41 billion DOGE being moved around. 

DOGE Whale Influence Grows

These whales hold 41% of the whole Dogecoin community hence they are capable of making substantial fluctuations in the market. Previously, such a high level of activity of whales is usually followed by significant price changes which may indicate new fluctuations in the market.

AD 4nXcDa6zSmQCbv7xVqr1 ZqPyf5HVpe8EI7 lKgwYV6jwlJqUo YBckFvSSsk 8xBPAIARFE6dhbVI5sr3CAA33P1QQ7TErjYghvKZD3qzzKBlV

Source: IntoTheBlock

Larger volume position of the whales might imply that the market change may be near as these big market participants usually enter before a significant change in price. These investors then initiate similar actions in the market, which can result in further price changes in the cryptocurrency.

In the same way, there has been active whale activity, and social volume has also picked up in Dogecoin meaning that more and more people are taking interest in this digital asset. Social volume captures the number of times that people are talking about coin on social media. 

AD 4nXd0cpqL I7CqcmGtZZmVfnH67fzIOJILHiM1dNMKBejPXsWSPHgwaqRoWdUlGxYeKonZ76WRZeW8OXDaxSVU idaZrq83CQtThTLvhfFFecejHMvImOX31n4vXqioj8e4wb

Source: Santiment

DOGE Social Engagement

These conversations have picked up over the last three days, which indicate that there is increasing engagement from other parts of the market. Higher social volume definitely brings in new buyers and in turn, the demand for the asset increases.

However, there are still some concerns, though the signals are more bullish. A key indicator used for identifying market momentum is the stochastic RSI and it has recently broken below a bearish crossover. 

AD 4nXdJQU8QtqaHaojx2TMpQbHjbzTlO2 U89QRvKxTWwesovLbYRi8FnWfAZmF81AYckQF50e6gYEaZj5wrOCz2KKLRwMF2VhDc8CjyKuyk98k78b3GzH9 n MiBON50IQrbLXIjmOHiRNdGdPQ8TDjcm O7

This implies that before any significant price rise Dogecoin would undergo some short term volatility corrections. These corrections are usually seen in crypto markets before the resume of the previous trend.

Despite the increased whale activity and rising social engagement, the bearish crossover suggests that the market may still experience minor corrections. People should not be worried by the short-term fluctuations, but should expect the values to rise in the near future.

Dogecoin Addresses Surge To 6.56 Million Amidst Price Struggles

by

Latest data from Crypto Daily Trade Signals reveals that Dogecoin still experiences growth in terms of adoption even though the cryptocurrency continues to face price votality. The number of Dogecoin addresses with a balance has increased to 6.56 million with a significant increase of 20. 1% rise in the past eight months. This increase in addresses proves a strong and growing populace for the cryptocurrency in question.

According to IntoTheBlock data, despite the fact that the rate of Dogecoin has been shrinking since the beginning of this year, the number of active addresses continues to increase, which points to the continued confidence of investors. The rise in addresses points to the fact that more investors are accumulating the DOGE and this could indicate that the digital currency could be due for another rally soon.

AD 4nXesZvcexqW Y7y4TtiMq0zYJZLWf

Dogecoin’s Path To Bullish Breakout

The future of Dogecoin’s price is still positive if only it will hold this range of $0.10 level. It has been trading in a falling wedge pattern which has lower highs and higher lows in the same trend line around the channel. As far as the traders are concerned, the resistance is at $0.11, which is at the upper trend line of the falling wedge pattern.

If the price rises beyond this level, then it would be an indication of a very strong bulls’ breakout. Analysts highlighted that such a breakout could see Dogecoin increase in price, by as much as 0.74, and estimations were pegged at $0.20. This target can be arrived at on the basis of the distance between the first swing high and the first swing low usually within the wedge pattern.

According to analysts, buyers are encouraged to pivot and open long positions when DOGE manages to close above $0.11 resistance with substantial returns. However, one should be careful and set the stop-loss just below the breakout line in case the price does not stay above the specified level of resistance.

Although the prices of Dogecoin have recently declined the number of addresses of Dogecoin is on a constant rise, meaning the cryptocurrency maintains a steady and ever-growing user base. This might be bullish for future price action because the increasing number of users usually means rising market activity and potential pumps.

Dogecoin (DOGE) Faces Potential 40% Decline: Key Support Levels In Focus

by

Dogecoin (DOGE) is at a crossroads as the meme-based token that entered a bearish trend on the weekly charts. In a recent X post, the analyst highlighted that DOGE has retraced below a previously flipped resistance zone, indicating potential bearishness.

image 32 2
Dogecoin (DOGE) Faces Potential 40% Decline: Key Support Levels In Focus 15

However, the support level has broken, and investors are worried that Dogecoin may fall even lower. The next major support trendline is at $0.055 and $0.0628, which means there could be a 38% to 40% drop from the present price. This level could serve as the final barrier before DOGE experiences even more significant losses than it already has.

Dogecoin Fate Hinges On Market Shift

The current market sentiment will be the key to the next DOGE movement in the shorter term. Only a very powerful bullish reaction can be expected to stop the cryptocurrency from going lower. The current bearish trend could extend deeper and push Dogecoin to even more lows if the momentum does not change in the market.

Major support levels are at $0.104 and $0.118 have been revealed as the zones that may pose a problem to the price should it try to move up. At the same time, the support accumulation zone remains at $0.6243.

image 32 3
Dogecoin (DOGE) Faces Potential 40% Decline: Key Support Levels In Focus 16

However, in the present day, it is possible to observe a certain revival in the development of DOGE, although still some optimism is offered to the medium and long term. Nevertheless, if the market situation changes for the better, DOGE could reach great heights, reaching the estimates of 5 to 10 times growth. But, this positive outlook will only apply if there is a reversal to the existing bearish market.

As for now, DOGE’s short term prospects are uncertain as the coin gets close to the vital support indicators. The market would need to turn decisively optimistic to be able to push up from this level and it is not optimistic at the moment. Speculators are focusing on the price performance expecting for an improvement and continue on its upward movement.

The future of DOGE remains uncertain because it has still failed to hold key support levels. The chance of a further drop has emerged, which means weeks ahead will decide the future of DOGE either a bounce back or a further drop.

DOGE Price Surge: Analyst Predicts10x Growth Amid Market Moves

by

The cryptocurrency market is abuzz with expectations as analyst Cryptorphic predicts a positive future for Dogecoin (DOGE). In a recent X post, the analyst explained why he thought that DOGE may surge by 10x and approach 1 dollar. This bold prediction has caused a lot of discussion and interest among traders and investors.

DOGE breakout from a long-term accumulation channel is one of the main observations of Cryptorphic. Since February of 2021, DOGE price has been fluctuating between a relatively tight range of 1127 up to the present. This phase was concluded in February 2024 where coin made a huge bullish candle. Since then, the cryptocurrency has been retesting this breakout level which Cryptorphic sees as a critical level for future increases.

Bullish Signals For DOGE

Several technical indicators are in line with the analysts’ positive view of the market. He notes that token is presently forming a strong weekly Doji candle which is often taken as evidence of the bulls buying pressure.

Also, it is trading above the 200-day exponential moving average EMA and is in a close fight to remains above the 100-day EMA. These are some of the key levels that could affect token price trend in the future.

Another key indicator is the Relative Strength Index (RSI) which is currently below the 45 level. Based on the findings by Cryptorphic, there is much potential for coin to increase before it reaches the overbought level.

The likes of DOGE have been among the leading performers in the market ahead of other conventional projects. The analyst has expressed that this coin could also dominate this trend in the present bull run.

For those who are planning on getting into DOGE, Cryptorphic suggests holding for the next six months, with an eye on buying more at lower prices. He points to a particular turning point at $0. 11, which, if the token price closes above it on the weekly chart, may mark the beginning of the expected bullish trend.

As DOGE heads towards this critical point, the entire crypto community waits with bated breath and Cryptorphic’s prophecy adds to the anticipation and discourse. As to the question whether it would be able to break the expectations and climb up 10x, only time will tell.

Analyst Highlights DOGE’s Strength Amid Key Support Breakthrough

by

Crypto analyst Crypto Daily Trades Signals emphasized the bull run for the DOGE coin in his latest X post. The analyst highlighted the fact that DOGE has appeared to be very robust especially when it rises from crucial support levels.

AD 4nXcC BgODIYTUtYIweOp uSDABSbwJBce1ZVzWLZt ijqheyclWaUeaxX6M531JdWe3OzWdkh MXzDsFbJkL ZCsKEY72FrRbLbF8UyVYuwwS2Ez59nuTHSrJYhdsTAXjYsGGQdKw26Mt5ndQ9J4ZWEPVnp2?key=fZoiRYlR7bdOZwjs7CeSaQ

The analyst recognizes the $0.10 mark as the critical point for Dogecoin. Since reaching its new low, it has moved 15%, proved by the strong performance and growth prospects. According to the analyst, the triangle breakout could snowball into a heftier price for the cryptocurrency.

DOGE Eyes $0.10 Breakthrough

The attention shifts to whether DOGE is capable of maintaining the existing uptrend and break above $0.10 barrier. If this happens, it could mark the beginning of a new growth phase for token cementing it’s space in the crypto market. The $0.10 level could be identified as a major support area, but nothing is eternal and breaking through it may result in upward movement.

AD 4nXeVynPByKUXjNZc d9hkQuauffSDtuE5yuJQPuk0tXe4M639zIM0pkHvYo8A2u8ng4xaZp Qps7RXsvWn4yRc6LjcuDz5JD16XWt hBAf8JlO GzwS 8ycUsSoE1d6Jaq5Pbs2vnTQXainP3YXrweeFvbU?key=fZoiRYlR7bdOZwjs7CeSaQ

The analyst analysis also shows that the currency is highly resistant; this is evidenced by the fact that its value has not dropped significantly. This is a good sign to the traders and investors in that DOGE is one of the coins that are ready to undergoe future appreciation.

Market players’ expectations of a new breakthrough by DOGE are evident as the coin performs its trade. The potential of the cryptocurrency to rise above the $0.10 level will prove to be critical to its later development or otherwise.

According to the analysis done by the various analysts on the behavior of the token in the recent past, it has proven to be very rugged and has the capacity to give out very high price swings. 

The $0.10 level continues to be the focus of interest, and virtually all market participants are waiting for a new leap in token value that would be the sign of a new stage of its growth. As the market keeps an eye on the Current developments the opportunity for, the massive earning is not far away hence making DOGE Among the cryptocurrencies to look out for in the coming weeks.

DOGE Holder Buys More: Analyst Predicts 230% Rally And Bull Run Ahead

by

Dogecoin, a popular memecoin, may be gearing up for a surge based on insights from well-known cryptocurrency analyst Ali Martinez. In a recent X post, Martinez shared his bullish stance on Dogecoin and announced that he has never sold DOGE and only buys more of it.

AD 4nXc2521WX9roJXBarUNjrIpIVmrb9KI7uRAkKo1YKgRS50 2QnYUmuBVIvoBjiG0EiFCAIb USMkg9TwFE0fLJYk3O39wLKykCosVh0YvK5qXP1BJKzUgSTF OdstBBpBR1yAwKYSrXbbD3lNz5P9 fr uL3?key=woVz2KTT

According to analyst, DOGE is going through a cycle which any professional trader would be able to recognize. Normally, the token price tends to trade within the confines of a descending triangle. According to Martinez, this is a consolidation phase that precedes a significant price rise with prices going up by 140% to 230%.

Dogecoin’s Next Bull Run

Nonetheless, the journey to a bull market is not restricted to the upward trends. Martinez, however, pointed out that after such a large bounce, Dogecoin usually retrace significantly, by 56% to 60 %. This correction phase is important as it paves the way for the next potential bull run and provides a window for a smart investor to make purchases.

After the formation of a descending triangle, prices rallied between 140% and 230% and then retraced between 56% and 60% before entering an uptrend. Now, of course, it is a waiting game. Analyzing the recent trends, investors and traders are waiting for the implementation of the Martinez’s forecasts in the price dynamics of token. 

AD 4nXcQHmSNBo0eiGLaPT7zmxD5vw2MddQ2HCRBVuCjNc7ESm CRO0Bnicfu823A4czx1RhMzZ1Eg6ZP6x8Zm7rY9EggFUTSGG4wqqtAfweelsCbpNWZ0lZHZgtF5jZ XsXkEidQwGqfXgDjKUK33lmSdNNX6I?key=woVz2KTT

The analysis by the analyst reveals that the crypto market is a place that requires one to be a informed and patient when making purchases. Thus, focusing on the well-known patterns, investors are advised to remain informed and be prepared for the next possible bullish trend.