#DOGEUSDT 🐶 Dogecoin is forming a descending channel on the daily time frame.
If we manage to break the resistance of this channel, I would look for a move higher.
If we manage to break the resistance of this channel, I would look for a move higher.
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#DOGEUSDT Dogecoin is crossing the resistance intersection of the bullish flag pattern and the key weekly range.
A successful failure will result in a significant price increase.
Targets can be 0.19625 and 0.29545.
A successful failure will result in a significant price increase.
Targets can be 0.19625 and 0.29545.
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#DOGEUSDT Dogecoin is supported by a bearish engulfing wedge pattern and is showing signs of a reversal.
If this support holds, we can expect an upward move that will lead the price towards higher resistance.
If this support holds, we can expect an upward move that will lead the price towards higher resistance.
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#DOGEUSDT Dogecoin has formed a bearish wedge pattern on the daily chart.
The price is trading near the lower boundary of the pattern and a strong support area.
This area could be a turning point for an uptrend.
The price is trading near the lower boundary of the pattern and a strong support area.
This area could be a turning point for an uptrend.
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#DOGEUSDT Dogecoin is testing a key multiple resistance area.
I think it could easily double if this level is successfully broken.
I think it could easily double if this level is successfully broken.
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#DOGEUSDT You see, Dogecoin is bearish but this bearish is only short-term. This retrace can last a few days more and then the market will turn and start growing again. In the worst case scenario, the drop can extend and last one or two weeks, that's it. Nothing more.
So, what does it matter if it goes down short-term when it will grow in the long haul.
See the pattern on the chart and the rising trendline at the bottom. This is the main support. The bullish structure will remain intact, the market is adapting because obviously, too much leverage can never work.
So, what does it matter if it goes down short-term when it will grow in the long haul.
See the pattern on the chart and the rising trendline at the bottom. This is the main support. The bullish structure will remain intact, the market is adapting because obviously, too much leverage can never work.
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#DOGEUSDT This is a great chart setup and I can even say it looks better than Cardano, but why? Because prices are lower, therefore there is more room available for growth. So it really depends on how you look at it.
Seeing Dogecoin producing a rising channel is good, but knowing that prices are still really low compared to the last high (December 2024) and also compared to the all-time high tells us that there is still plenty of room available for growth and it is early. The rising channel after the correction ended reveals that the market.
The current higher low support was found right in-between 0.618 and 0.786 Fib. retracement levels. Here marked with blue dotted and purple dotted lines.
Dogecoin produced a perfect channel with higher highs and higher lows, the next move is a major jump with resistance at $0.70 and total growth potential reaching 240%. We can continue with this pattern and track the market long-term.
Seeing Dogecoin producing a rising channel is good, but knowing that prices are still really low compared to the last high (December 2024) and also compared to the all-time high tells us that there is still plenty of room available for growth and it is early. The rising channel after the correction ended reveals that the market.
The current higher low support was found right in-between 0.618 and 0.786 Fib. retracement levels. Here marked with blue dotted and purple dotted lines.
Dogecoin produced a perfect channel with higher highs and higher lows, the next move is a major jump with resistance at $0.70 and total growth potential reaching 240%. We can continue with this pattern and track the market long-term.
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