Dogecoin (DOGE) Is Forming Mysterious Chart Pattern, According to Peter Brandt

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Dogecoin (DOGE) Is Forming Mysterious Chart Pattern, According to Peter Brandt
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$DOGE is still worth nearly $10 billion

has tweeted that Dogecoin is forming the"Here we go round the Mulberry Bush" chart pattern.

The bizarre name of the made-up pattern refers to a popular English nursery rhyme for children. It is meant to be sung while children dance around in a circle. The lyrics describe a group of children going around a mulberry bush doing various activities, such as collecting water and washing clothes. Brandt appears to suggest that Dogecoin is currently in the middle of a “round trip,” which means that price gains are followed by losses. The metaphor here is pointing out the fact that DOGE is incapable of advancing since it keeps spinning in circles.

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