Dogecoin / TetherUSUpdated DOGEUSDT Cup and Handle
DOGEUSDT is currently forming a cup and handle pattern on the 4-hour chart. A cup and handle pattern is a bullish reversal pattern that forms after a prolonged downtrend. The pattern is characterized by a "cup" shape that is formed by a downward sloping curve, followed by a "handle" that is formed by a small downward curve or a period of consolidation.
In the case of DOGEUSDT, the price has been forming a cup and handle pattern and traders are now waiting for a breakout from the 4-hour resistance level. A breakout above the resistance level could signal a reversal of the downtrend and the start of an uptrend. Traders should keep an eye on the volume and other indicators to confirm the breakout. It's also important to note that a cup and handle breakout is considered a high-probability trade, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
In the case of DOGEUSDT, the price has been forming a cup and handle pattern and traders are now waiting for a breakout from the 4-hour resistance level. A breakout above the resistance level could signal a reversal of the downtrend and the start of an uptrend. Traders should keep an eye on the volume and other indicators to confirm the breakout. It's also important to note that a cup and handle breakout is considered a high-probability trade, so According to Plancton's strategy, we can set a nice order
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Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Note
Waiting for the breakout!Note
Waiting for the breakout from Cup and HandleNote
the price needs to create a breakout from the resistancelet's see!
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