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Dogscoin

DOGS/USDT: Persistent Bearish Momentum with No Bullish Signalshello guys. Consistent Downtrend: Price remains confined within a strong descending channel, repeatedly failing to break above the channel's upper boundary. No Bullish Signals: There are no signs of bullish divergence or reversal patterns, which suggests that the downtrend is likely to continue in the near term. Weak Support: Although there’s minor support around 0.0005400 - 0.0005300, the lack of bullish reaction at this level implies weak buyer interest. Potential for Further Decline: Without any bullish signals, the price is likely to test lower support levels within the channel.
Short
by melikatrader94
2
DOGS: Testing Resistance within Downward Channelhello guys. Downward Channel: The chart shows DOGS/USDT moving within a descending channel, indicating an ongoing bearish trend. Current Rebound: The price is currently bouncing back toward the upper boundary of the channel but is facing a resistance zone around $0.00065–$0.00070, which aligns with the channel’s resistance. Possible Rejection: A rejection from this resistance area could signal a continuation of the downward trend, with the price potentially heading back to lower levels within the channel. Breakout Potential: If DOGS/USDT can break above the channel and maintain support above this resistance zone, it could suggest a potential trend reversal or short-term bullish momentum. Outlook: Watch for price action around the resistance zone. A clear rejection could lead to further downside, while a breakout may open up opportunities for an upward move.
Short
by melikatrader94
1
DOGS/USDT in an Ascending Channelhello guys. let's analyze DOGS! Ascending Channel Structure: The price is moving within an ascending channel, indicating a long-term bullish trend. Reachable Resistance Area: The price is approaching a reachable resistance area between 0.0000770 and 0.0000800 USDT, which could act as a ceiling for further upside moves. Potential Retracement: After testing the resistance zone, the chart suggests a potential retracement towards a lower support zone around 0.0000650 USDT, marked as the next reachable area. QML Zone (Key Level): The current price action shows a possible push upward toward the resistance. However, if the price fails to break above, it may return to the QML zone around 0.0000740 for consolidation before deciding on the next move. Risk of Reversal: If the price breaks below the QML level and fails to hold, it could target the lower boundary of the ascending channel and test the broader support around 0.0000650 USDT.
by melikatrader94
11
DOGS/USDT - H&S Pattern Signals a Potential Reversalhello guys. let's dive into Dogs analysis! Head and Shoulders Formation: A classic head-and-shoulders pattern formed at the top of this recent rally, indicating a potential trend reversal. Broken Ascending Channel: The price recently broke out of a minor ascending channel, further reinforcing the likelihood of a bearish continuation. Support Zones: The price could retest the $0.000740 level before heading lower. The next strong support zone lies around $0.000700, marked by a previous consolidation area. Descending Channel: The broader price action shows a descending channel. After the breakdown from the head and shoulders, the price is expected to move towards the lower boundary of this channel.
Short
by melikatrader94
6
DOGS/USDT Price Analysis: Potential Reversal at Key Resistancehello guys. Descending Channel: The price has been consistently trading within a downward-sloping channel, reflecting a bearish trend that has been dominating the market for the past few weeks. Attempted Breakout: The price is currently testing a breakout from the descending channel, hinting at a potential shift in momentum. Ascending Channel: An ascending channel is forming. Key Resistance Level: There’s a strong horizontal resistance zone near $0.00094. This level could act as a barrier to further upward movement. Support Zone: The $0.00077-$0.00078 region has been tested multiple times, confirming it as a key support area. Summary: Price has been following a descending channel, indicating a bearish trend. A short-term ascending channel has formed, suggesting a potential recovery. Key resistance at $0.00094. Support at $0.00077-$0.00078 level. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
15
DOGS → the first analysishello guys. it is a new coin and we have a lack of data. Falling Wedge Pattern: Price has broken out of a falling wedge pattern, typically a bullish reversal signal. Immediate Support Zone: Around the $0.0009864 level. A break below could lead to further downside. Resistance Levels: First Resistance: At $0.0011000; a break above could signal a move to the next target. Key Resistance: At $0.0012655; if this level is breached, it could lead to a stronger bullish move toward $0.0014500. Bearish Scenario: If the price breaks below the $0.0009864 support, it could drop further to the $0.0008177 level. RSI Indicator: Shows a potential divergence, indicating a possible bullish reversal. Outlook: Neutral, with a slight bullish bias if the price holds above the support and breaks key resistance levels. A drop below the support could turn the outlook bearish. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
15