---- 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
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
Trade active
Support tested; max excess tolerated at 0.0650 to keep the view valid
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.