#DOGS/USDT#DOGS
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.0001400
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.0001547
First target 0.0001640
Second target 0.0001790
Third target 0.0001920
Dogsusdtsignal
DOGS/USDT: Price Corrections After Extended Downtrend Greetings, traders,
The 🐶 DOGS/USDT chart reveals an interesting pattern after a two-month downtrend. We're now seeing short-term price corrections forming across multiple timeframes.
These corrections are consistently reaching the 0.50 and 0.618 Fibonacci retracement levels, as well as the 50-period moving average on each respective timeframe.
Based on this observation, I've identified a potential entry point for a short position at the upper range of $0.002550.
My entry and exit points are clearly marked on the chart for your reference.
Profitable trades to all!