DOGS/USDT Technical Analysis: Anticipating a Bullish Reversal
This chart demonstrates a potential bullish scenario for DOGS/USDT on the 1-hour timeframe, as price action consolidates within a critical demand zone, showing signs of a reversal. Here’s the breakdown:
Price Structure: The price has formed multiple Quasimodo Levels (QMLs), with QML1, QML2, and QML3 indicating a strong demand zone in the highlighted purple area.
Demand Zone: The region around $0.00005700 - $0.00005950 has acted as a key support zone multiple times, confirming its strength.
Engulfing Pattern: The "engulfed" area highlights the previous aggressive move upward, showing strong buyer interest in this region.
Break of Trendline: A descending trendline was breached during the last bullish move, further confirming a shift in momentum.
Bullish Scenario: A successful bounce from the QML3 area could lead the price to test higher resistance levels around $0.00007000 and beyond.
Price Structure: The price has formed multiple Quasimodo Levels (QMLs), with QML1, QML2, and QML3 indicating a strong demand zone in the highlighted purple area.
Demand Zone: The region around $0.00005700 - $0.00005950 has acted as a key support zone multiple times, confirming its strength.
Engulfing Pattern: The "engulfed" area highlights the previous aggressive move upward, showing strong buyer interest in this region.
Break of Trendline: A descending trendline was breached during the last bullish move, further confirming a shift in momentum.
Bullish Scenario: A successful bounce from the QML3 area could lead the price to test higher resistance levels around $0.00007000 and beyond.
Trading ditutup: target tercapai
the final target touched
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forex telegram channel: t.me/melikatrader94GoldForex
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👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.