DOGS/USDT Technical Analysis: Anticipating a Bullish Reversal
This chart demonstrates a potential bullish scenario for DOGS/USDT on the 1-hour timeframe, as price action consolidates within a critical demand zone, showing signs of a reversal. Here’s the breakdown:
Price Structure: The price has formed multiple Quasimodo Levels (QMLs), with QML1, QML2, and QML3 indicating a strong demand zone in the highlighted purple area.
Demand Zone: The region around $0.00005700 - $0.00005950 has acted as a key support zone multiple times, confirming its strength.
Engulfing Pattern: The "engulfed" area highlights the previous aggressive move upward, showing strong buyer interest in this region.
Break of Trendline: A descending trendline was breached during the last bullish move, further confirming a shift in momentum.
Bullish Scenario: A successful bounce from the QML3 area could lead the price to test higher resistance levels around $0.00007000 and beyond.
Price Structure: The price has formed multiple Quasimodo Levels (QMLs), with QML1, QML2, and QML3 indicating a strong demand zone in the highlighted purple area.
Demand Zone: The region around $0.00005700 - $0.00005950 has acted as a key support zone multiple times, confirming its strength.
Engulfing Pattern: The "engulfed" area highlights the previous aggressive move upward, showing strong buyer interest in this region.
Break of Trendline: A descending trendline was breached during the last bullish move, further confirming a shift in momentum.
Bullish Scenario: A successful bounce from the QML3 area could lead the price to test higher resistance levels around $0.00007000 and beyond.
עסקה סגורה: היעד הושג
the final target touched
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forex telegram channel: t.me/melikatrader94GoldForex
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.