We've seen a similar triangle formation on a several other coins - Digibyte and Siacoin for example, both of which have already broken out.
Price has touched the .236 fib retracement level on Poloniex and held steady. Daily chart stochastic has crossed up from oversold and MACD has also crossed up signalling a trend reversal is underway.
To follow this idea go here: https://www.tradingview.com/chart/DOGEBTC/qi4n811V-DOGE-Breakout-Imminent/
If you profited from my idea feel free to send BTC donations to:
17CmGuFs55TVFSC3BZbWoYkVHLMm5ko5Yg
Good luck and happy trading!
Nice charts :) Ill add you in hopes that you pump out some more :P I'm loving the price compressions the past day, we have nowhere to go but up! https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-7-24-2017
Hey thanks for the add! I just started using Steem and I love doing charts so there will definitely be more to come. Cryptos are very exciting at the moment now that this summer downtrend has ended!