DOGS / TetherUSLong
DOGS (#DOGSUSDT): Bullish Accumulation with 30% Profit Target
⚠️ DOGS Update:
Since my previous analysis, DOGS has developed a clear bullish pattern known as an ascending triangle on the daily chart.
This formation suggests a phase of bullish accumulation, pointing to a strong potential for upward momentum.
To validate this outlook, we will look for a bullish breakout above the triangle's resistance, confirmed by a daily candle close above it. This could pave the way for a potential rise to 0.00099 and eventually to 0.001.
However, a bearish breakout below the triangle's trendline would indicate the possibility of a significant downward move.
Since my previous analysis, DOGS has developed a clear bullish pattern known as an ascending triangle on the daily chart.
This formation suggests a phase of bullish accumulation, pointing to a strong potential for upward momentum.
To validate this outlook, we will look for a bullish breakout above the triangle's resistance, confirmed by a daily candle close above it. This could pave the way for a potential rise to 0.00099 and eventually to 0.001.
However, a bearish breakout below the triangle's trendline would indicate the possibility of a significant downward move.
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