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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免責聲明
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。