DOGEUSDT, 3-Bottoms Better Than 2 Dips.
- Looking at the Cyan parallel lines, it is showing consolidation.
- There are x2 retest of the bottoms showing support while volumes gets lower.
- Both are critical levels as it marks the Baseline of the Ichimoku Cloud.
- My guess possible 3rd retest to show the the classic Triple-Bottom.
- This is a good signal sowing potential bullish divergence.
- Conditions to meet are:-
=> Following an up Reversal.
=> 1st breakout at point A1.
=> 2nd breakout at T3. - 2nd breakout is critical and will show the 3rd retest to challenge the resistances (3 red arrows on the left).
Note
S1 and S2 are the critical re-test of bottoms.
Both touched the Base Line of Ichimoku Cloud. (Yellow Line)
Base line is the mean 26 days high and low periods in this 1D chart.
Note
New Checkpoint => US$ 0.06
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626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
Related publications
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.
---
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
626
"Trend charting as a pastime."
Disclaimer
🚨 The information provided is for educational purposes only and should not be considered as investment advice.
Related publications
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.