Dogecoin (DOGEUSD) is showing a bullish double bottom pattern on the weekly chart, suggesting a potential long-term reversal from previous downtrends. This classic accumulation pattern is forming near a key historical support level, adding confidence to the bullish case.
Using Fibonacci extensions from the neckline breakout, I’ve identified 5 major target zones:
Target 1: 0.35054 — conservative target confirming breakout
Target 2: 0.47606 — often hit during early momentum phases
Target 3: 0.59212 — key level for profit-taking and resistance
Target 4: 0.92785 — full measured move of the double bottom
Target 5: 1.16687 — aggressive bull target if momentum continues
The breakout is only confirmed if price holds above the neckline with strong volume. Risk management is crucial in case of a retest or false breakout.
Using Fibonacci extensions from the neckline breakout, I’ve identified 5 major target zones:
Target 1: 0.35054 — conservative target confirming breakout
Target 2: 0.47606 — often hit during early momentum phases
Target 3: 0.59212 — key level for profit-taking and resistance
Target 4: 0.92785 — full measured move of the double bottom
Target 5: 1.16687 — aggressive bull target if momentum continues
The breakout is only confirmed if price holds above the neckline with strong volume. Risk management is crucial in case of a retest or false breakout.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.