DOGE/USDT : Bullish exit of a triangle pattern

9 Ağu 2022

---- Short-term Analysis for the next coming days - 3 Hourly Chart (LOG)-------

DOGE/USDT : Bullish exit of a triangle pattern

Context
On the short-term following a further global crypto market recovery, the DOGE Coin shows an opportunity to go higher to 0,1050 which correspond to a bullish exit potential from the triangle pattern


Market configuration

- Graphical Elements :
Graphical Resistance = 0,1050
Graphical Support = 0,0695 & 0,0560

- Mathematical Indicators:
EMA ( Exp Moving averages) are support with a ''golden cross'' = Bullish
RSI indicator (below) is progressing within positive area above 50% = Bullish

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (c)( B) has been already reached
Fibonacci support of the wave in progress 2 = 0,0695
Fibonacci Bullish Target = 0,1050
Fibonacci Bearish Target = 0,0560


Conclusion

Opportunity short-term to anticipate the bullish exit from the triangle pattern as long as 0,0695 the coming hours/days will offer a rise towards 0,1050

11 Ağu 2022

İşlem aktif

Support tested; max excess tolerated at 0.0650 to keep the view valid