Completed AB=CD Pattern for DOG/USD

Price action on the weekly timeframe of DOG/USD (Dogecoin versus the US dollar) recently touched gloves with an equal AB=CD support pattern at US$0.21452, a base complemented by a 1.27% Fibonacci extension ratio and a 61.8% Fibonacci retracement ratio. Traders long the pair tend to take aim at the 38.2% and 61.8% Fibonacci retracement ratios derived from between legs A and D at US$0.29907 and US$0.36312, respectively.