DOGE/USDT Weekly Chart Analysis
DOGE/USDT Weekly Chart Analysis
The price is currently close to 0.236 (0.38625), showing resistance.
A break below this level could lead to a retracement towards the 0.618 support (0.22239).
Price rejection at the top of 0.48748 indicates exhaustion after a strong uptrend.
The red arrow highlights a potential pullback to the green support area near 0.22–0.27.
The upward movement broke a key descending trendline, confirming a bullish reversal.
However, support could come from a retest of the trendline and 21 EMA (black line) around 0.22.
Short Entry: Confirmed below 0.38.
Target: 0.27–0.22 area (key Fibonacci support).
Stop Loss: Above 0.42 resistance.
Long-Term Bullish Zone:
Re-entry for longs around 0.618 Fibonacci (0.22) if support holds.
Conclusion:
DOGE/USDT is at risk of retracement to the Fibonacci Golden Pocket (0.618 area) after an overly extended rally. Look for confirmation of a breakdown below 0.38 and retest opportunities near 0.22 for a bullish setup.
DYOR, NFA
@Peter_CSAdmin
The price is currently close to 0.236 (0.38625), showing resistance.
A break below this level could lead to a retracement towards the 0.618 support (0.22239).
Price rejection at the top of 0.48748 indicates exhaustion after a strong uptrend.
The red arrow highlights a potential pullback to the green support area near 0.22–0.27.
The upward movement broke a key descending trendline, confirming a bullish reversal.
However, support could come from a retest of the trendline and 21 EMA (black line) around 0.22.
Short Entry: Confirmed below 0.38.
Target: 0.27–0.22 area (key Fibonacci support).
Stop Loss: Above 0.42 resistance.
Long-Term Bullish Zone:
Re-entry for longs around 0.618 Fibonacci (0.22) if support holds.
Conclusion:
DOGE/USDT is at risk of retracement to the Fibonacci Golden Pocket (0.618 area) after an overly extended rally. Look for confirmation of a breakdown below 0.38 and retest opportunities near 0.22 for a bullish setup.
DYOR, NFA
@Peter_CSAdmin
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.