The price of Dogecoin rebounded from the 200-day simple moving average (SMA) on June 22, signaling a bullish shift from the price behavior that characterized much of May and June. Following the low’s rally, the price action established a symmetrical triangle pattern, which was triggered today by a 12-hour closure below the triangle’s lower trendline.
With a 92 percent increase off the June 22 low, Ethereum Classic pricing reasserted some leadership. As it completes an inverse head-and-shoulders formation, the small pullback following the spectacular advance signals that ETC wants higher prices going forward. Only the 50-day SMA stands in the way of the bullish story.
Since May 19, the SafeMoon price has been mired in a bottoming process that has perplexed investors with a slew of missed buy signals and patterns that never materialized. SAFEMOON appeared to be defining a cup completion cheat pattern just a few days ago, providing a timely opportunity to profit by 20%./n
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