#DOGS/USDT#DOGS
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking down strongly and retesting it.
We are seeing a bounce from the upper boundary of the descending channel. This support is at 0.0001218.
We have a downtrend on the RSI indicator that is about to break and retest, which supports the decline.
We are looking to stabilize above the 100 moving average, but the price is on its way to touching it first.
Entry price: 0.0001205
First target: 0.0001165
Second target: 0.0001144
Third target: 0.0001116
Dogsusdtsignal
#DOGS/USDT#DOGS
The price is moving in a descending channel on the 1-hour frame and is expected to continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 0.0001300.
Entry price: 0.0001377
First target: 0.0001416
Second target: 0.0001460
Third target: 0.0001514
#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
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!