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DOGE/USDT Potential Upward Movement

DOGE/USDT Long-Term Trend: Bullish

Key Resistance Levels: 0.2746, 0.2885, 0.2900

Key Support Levels: 0.2593, 0.2468, 0.2344

1-Hour Chart:

The price on the higher time frame succeeded to break the bearish channel to the upside after finding buyers around the 0.2468 USDT mark. It posted an engulfing bullish pattern which shows that the buyers are in control.

DOGE/USDT Medium-Term Trend: Bullish

15-Mins Chart:

On the lower time frame the pair posted a double bottom formation near the strong support which led to a reversal and a move upward. A lower correction could be seen to the highlighted zone before a huge rally toward the target profit.

Signal Idea:

Buy Limit Order @ 0.2600

TP 1 @ 0.2746

TP 2 @ 0.2885

Stop Loss @ 0.2526

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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