A lot of Bullish signs are popping up on all Time-Frames for DOGEUSD! Let's lay it out:
Daily Chart- *Price made its Lowest Low @ .0805 *Price has created a Bullish Divergence on the RSI when price was able to make a Higher High @ .1321, disrupting the Downtrend Pattern. *Fib Retracement Tool from the Lowest Low to Higher High places the Golden Ratio Zone @ ( .1033 - .1002 ) where Price has already Retraced to and is showing Exhaustion from the Bears!
1Hr Chart- *Zooming into the Golden Ratio Zone, we see Price is exhibiting signs of a Bullish Wedge, potentially in the Reversal Variation! *Lower Lows on Price creating Bullish Divergence with Higher Lows on RSI
I suspect we will see Price give us a Bullish Break to this Wedge and continue creating Higher Highs/Higher Lows continuing the Uptrend which will then contend with the Resistance Levels: ( .1355 - .1440 ) ( .1700 - .1800 ) ( .1990 - .2200 )
**If Price gives us a Bearish Break to the Wedge, Be Vigilant to False Breaks testing the .09 cent Support Level & Rising Support
노트
We have a Valid Break of the Bullish Wedge Reversal!
Price has tested the Dynamic S&R on the 4Hr Chart; Wick gave us a Higher High, Equal High by Close standards.
After the Break, a good amount of Bullish Volume comes with Prices push up!
액티브 트레이드
Price on DOGE has retraced to the 61.8% Fibonacci Level!