DOGE/USDT Weekly Chart Analysis
DOGE/USDT Weekly Chart Analysis
The price is currently close to 0.236 (0.38625), showing resistance.
A break below this level could lead to a retracement towards the 0.618 support (0.22239).
Price rejection at the top of 0.48748 indicates exhaustion after a strong uptrend.
The red arrow highlights a potential pullback to the green support area near 0.22–0.27.
The upward movement broke a key descending trendline, confirming a bullish reversal.
However, support could come from a retest of the trendline and 21 EMA (black line) around 0.22.
Short Entry: Confirmed below 0.38.
Target: 0.27–0.22 area (key Fibonacci support).
Stop Loss: Above 0.42 resistance.
Long-Term Bullish Zone:
Re-entry for longs around 0.618 Fibonacci (0.22) if support holds.
Conclusion:
DOGE/USDT is at risk of retracement to the Fibonacci Golden Pocket (0.618 area) after an overly extended rally. Look for confirmation of a breakdown below 0.38 and retest opportunities near 0.22 for a bullish setup.
DYOR, NFA
@Peter_CSAdmin
The price is currently close to 0.236 (0.38625), showing resistance.
A break below this level could lead to a retracement towards the 0.618 support (0.22239).
Price rejection at the top of 0.48748 indicates exhaustion after a strong uptrend.
The red arrow highlights a potential pullback to the green support area near 0.22–0.27.
The upward movement broke a key descending trendline, confirming a bullish reversal.
However, support could come from a retest of the trendline and 21 EMA (black line) around 0.22.
Short Entry: Confirmed below 0.38.
Target: 0.27–0.22 area (key Fibonacci support).
Stop Loss: Above 0.42 resistance.
Long-Term Bullish Zone:
Re-entry for longs around 0.618 Fibonacci (0.22) if support holds.
Conclusion:
DOGE/USDT is at risk of retracement to the Fibonacci Golden Pocket (0.618 area) after an overly extended rally. Look for confirmation of a breakdown below 0.38 and retest opportunities near 0.22 for a bullish setup.
DYOR, NFA
@Peter_CSAdmin
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