hello guys.
Pattern Identification: This chart suggests a potential "Cup and Handle" pattern, often considered a bullish continuation pattern. The rounded base forms the "cup," followed by a consolidation phase that could complete the "handle."
Support Levels:
The range between $0.05 and $0.07 shows strong historical support, providing a base for the current uptrend.
Additional support is seen around the 0.382 Fibonacci level, at approximately $0.0889, which aligns with previous resistance and current price action.
Resistance Targets:
If the handle pattern completes and breaks upwards, Dogecoin could potentially reach $0.38 and $0.52 as intermediate targets.
A breakout above the pattern’s neckline could lead to a long-term price target in the $3.80 area, aligning with the higher resistance levels shown.
Outlook: A successful completion of this pattern might signal a bullish reversal for Dogecoin, but confirmation is needed. If it fails to hold support levels, the price could retest lower levels, particularly near the 0.618 Fibonacci retracement.
Pattern Identification: This chart suggests a potential "Cup and Handle" pattern, often considered a bullish continuation pattern. The rounded base forms the "cup," followed by a consolidation phase that could complete the "handle."
Support Levels:
The range between $0.05 and $0.07 shows strong historical support, providing a base for the current uptrend.
Additional support is seen around the 0.382 Fibonacci level, at approximately $0.0889, which aligns with previous resistance and current price action.
Resistance Targets:
If the handle pattern completes and breaks upwards, Dogecoin could potentially reach $0.38 and $0.52 as intermediate targets.
A breakout above the pattern’s neckline could lead to a long-term price target in the $3.80 area, aligning with the higher resistance levels shown.
Outlook: A successful completion of this pattern might signal a bullish reversal for Dogecoin, but confirmation is needed. If it fails to hold support levels, the price could retest lower levels, particularly near the 0.618 Fibonacci retracement.
노트
around 25% upward movement from yesterday!액티브 트레이드
it is running toward the target노트
Do you remember the last analysis about #doge?!it is forming the cup significantly
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.