Not seeing a lot of discussion about the smaller cryptos here in Hotcopper. But from a technical charting perspective they are really interesting to trade, and on timescales much smaller than stocks as a rule. I have dived in and out of DOGECOIN (I avoid DOGE so as not to confuse anyone with the Dept of Govt Efficiency...) over the last month and I too see $1 as a 'natural conclusion' to the current wave of buying, before some selling kicks in.
I'm currently watching this quite precise inverse head and shoulders in DOGECOIN. Bars are Heikin-Ashi rather than Candlesticks btw).
Normally the head and shoulders pattern signals the reversal of a trend, but I've seen/read a few examples showing it occurring withing the continuation of a trend as is (hopefully) the case here. Would be interested in feedback on this.
