Technical Analysis of DOGS/USDT Chart
Key Observations:
Cup and Handle Pattern: The chart suggests a potential cup and handle formation, indicative of bullish sentiment. This is a continuation pattern often preceding upward price movements.
Support and Resistance Zones:
Immediate support is observed in the pink highlighted zone around 0.0006600.
Resistance is evident at 0.0008315, aligning with the cup’s rim.
Price Action and Potential Breakout:
Price currently consolidates after testing the rim of the cup. A pullback into the pink handle zone may precede a breakout.
A successful breakout above 0.0008315 could lead to new highs in the short term.
Trendlines and Trajectory:
The ascending curve shows a gradual strengthening of bullish momentum.
Two upward projections suggest possible paths for the breakout, contingent on volume and market sentiment.
Cup and Handle Pattern: The chart suggests a potential cup and handle formation, indicative of bullish sentiment. This is a continuation pattern often preceding upward price movements.
Support and Resistance Zones:
Immediate support is observed in the pink highlighted zone around 0.0006600.
Resistance is evident at 0.0008315, aligning with the cup’s rim.
Price Action and Potential Breakout:
Price currently consolidates after testing the rim of the cup. A pullback into the pink handle zone may precede a breakout.
A successful breakout above 0.0008315 could lead to new highs in the short term.
Trendlines and Trajectory:
The ascending curve shows a gradual strengthening of bullish momentum.
Two upward projections suggest possible paths for the breakout, contingent on volume and market sentiment.
👉 my broker:: bit.ly/HYMCMELI
____
👉 my exchange: bit.ly/LbankMeli
____
👉 my Autotarder: bit.ly/btse
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
👉 my exchange: bit.ly/LbankMeli
____
👉 my Autotarder: bit.ly/btse
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.