hello guys.
Downward Channel: The chart shows DOGS/USDT moving within a descending channel, indicating an ongoing bearish trend.
Current Rebound: The price is currently bouncing back toward the upper boundary of the channel but is facing a resistance zone around $0.00065–$0.00070, which aligns with the channel’s resistance.
Possible Rejection: A rejection from this resistance area could signal a continuation of the downward trend, with the price potentially heading back to lower levels within the channel.
Breakout Potential: If DOGS/USDT can break above the channel and maintain support above this resistance zone, it could suggest a potential trend reversal or short-term bullish momentum.
Outlook: Watch for price action around the resistance zone. A clear rejection could lead to further downside, while a breakout may open up opportunities for an upward move.
Downward Channel: The chart shows DOGS/USDT moving within a descending channel, indicating an ongoing bearish trend.
Current Rebound: The price is currently bouncing back toward the upper boundary of the channel but is facing a resistance zone around $0.00065–$0.00070, which aligns with the channel’s resistance.
Possible Rejection: A rejection from this resistance area could signal a continuation of the downward trend, with the price potentially heading back to lower levels within the channel.
Breakout Potential: If DOGS/USDT can break above the channel and maintain support above this resistance zone, it could suggest a potential trend reversal or short-term bullish momentum.
Outlook: Watch for price action around the resistance zone. A clear rejection could lead to further downside, while a breakout may open up opportunities for an upward move.
Not
analysis #dogs #dogsusdt
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.