hello guys.
Downward Channel: The chart shows DOGS/USDT moving within a descending channel, indicating an ongoing bearish trend.
Current Rebound: The price is currently bouncing back toward the upper boundary of the channel but is facing a resistance zone around $0.00065–$0.00070, which aligns with the channel’s resistance.
Possible Rejection: A rejection from this resistance area could signal a continuation of the downward trend, with the price potentially heading back to lower levels within the channel.
Breakout Potential: If DOGS/USDT can break above the channel and maintain support above this resistance zone, it could suggest a potential trend reversal or short-term bullish momentum.
Outlook: Watch for price action around the resistance zone. A clear rejection could lead to further downside, while a breakout may open up opportunities for an upward move.
Downward Channel: The chart shows DOGS/USDT moving within a descending channel, indicating an ongoing bearish trend.
Current Rebound: The price is currently bouncing back toward the upper boundary of the channel but is facing a resistance zone around $0.00065–$0.00070, which aligns with the channel’s resistance.
Possible Rejection: A rejection from this resistance area could signal a continuation of the downward trend, with the price potentially heading back to lower levels within the channel.
Breakout Potential: If DOGS/USDT can break above the channel and maintain support above this resistance zone, it could suggest a potential trend reversal or short-term bullish momentum.
Outlook: Watch for price action around the resistance zone. A clear rejection could lead to further downside, while a breakout may open up opportunities for an upward move.
Nota
analysis #dogs #dogsusdt
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Forex channel: t.me/melikatrader94GoldForex
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My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex 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.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex 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.