Making a descending triangle pattern. This pattern shows that the price is in a consolidation phase, with a trendline resistance that is going down and aligning with the middle line of the Bollinger Bands.
Currently, the price is near the apex of the triangle, suggesting an imminent breakdown. If the price breaks below the triangle, we might see a significant move to the downside, with potential targets around $0.08230 and possibly extending to the $0.07535 support zone.
We keep a close eye on the price action at the triangle and the major resistance zone for indications of whether there will be a bearish continuation or a bullish reversal.
Currently, the price is near the apex of the triangle, suggesting an imminent breakdown. If the price breaks below the triangle, we might see a significant move to the downside, with potential targets around $0.08230 and possibly extending to the $0.07535 support zone.
We keep a close eye on the price action at the triangle and the major resistance zone for indications of whether there will be a bearish continuation or a bullish reversal.
註釋
Doge has a nice movement towards 200EMA (resulting in 5.55% of market price movement) but did not secure that re-test.
We are back in our original spot and waiting for another attempt at similar movement!.
If we see a breakout happening from that triangle formation, then we can go for a re-test of the upper resistance, which could be used as a good entry to short!
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。