The DOGEUSDT is breaking through the old downtrend channel after making a false break of the local rising support line. On the chart, I have indicated the estimated potential for price movement.
The price is trading above the global downtrend, earlier, after the breakdown a pullback was formed and the price confirmed the break of the trend, after which it moved into an upward momentum phase and tested the resistance level of 0.0711
I assume, as the chart shows that the price is fixing in the long zone, inside the ascending price channel, then from the support zone the price can make a rise. The short-term target is the resistance at 0.0711, the medium-term target is the liquidity zone at 0.0759
Regards R.Linda!
The price is trading above the global downtrend, earlier, after the breakdown a pullback was formed and the price confirmed the break of the trend, after which it moved into an upward momentum phase and tested the resistance level of 0.0711
I assume, as the chart shows that the price is fixing in the long zone, inside the ascending price channel, then from the support zone the price can make a rise. The short-term target is the resistance at 0.0711, the medium-term target is the liquidity zone at 0.0759
Regards R.Linda!
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NOโผ๏ธ
Youโ๏ธCAN and โ๏ธSHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING๐ต!
๐ขFree Telegram Channel:
t.me/RLindaTrade
๐ดContact:
t.me/RLindaSignals
๐งฟWeb: rlinda.com