DOGE UPDATE: Bullish Pennant

DOGE/BTC is currently forming a bullish pennant, surpassing the 150 handle and invalidating my previous forecast, currently the price is stalling @ 200: on a break above the triangle i see the price running to 500, a break lower could signal weakness, if that is the case i see the price dropping to previous consolidation area 30-40.

Due to high volume, in order to buy again i would recommend to wait for a retrace into at least 40, but if the price goes to area 300 i will consider to buy again and keep my dogecoins until 500 is reached.