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#doge #dogecoin #moon333
Hey friends this is a op Val and welcome to the new update on Dogecoin on a daily time frame chart recently Dogecoin has broken out this down Channel and after the breakout the priceon got rejected by this resistance of 9 Cent and now in order to continue this move to the
Upside we will need to break out this rejection or resistance point and here we have a quite nice support Zone that is at 7.5 cents starting from approximately at 7 uh 6 cents or 7 cents and goes to 7.5 cents and you can see we are having Vicks of the Candlestick inside the
Support Zone and the price is not breaking it down by the previously it was breaking as a resistance Zone here and now it is flipped into a very nice support Zone and if you about to trade this breakout from this down Channel then you can set your stop loss below
Then support below than this support Zone as well and in today’s video we will analyze this move but before starting this analysis if you are not subscribed to my channel Channel then do subscribe it and for more trading signals you can also join me and support
Me as a YouTube member or as a patreon member because there I’m sharing different trading signal for you and you can find the link to join me there in the videoos description after and if you would like to see how my trading signal work then I’ve also shared the link for
The trading signals report for the previous month of January 2024 in the video description you just need to open that report and if you would like to check or verify any trading signal like this the trade setup for sui you just need to click on the link for the TR
Trade setup and it will take you to the trading views chart and on this chart you can watch the complete trade setup like this is the buying range and the sell Targets on and the stoploss and in order to see how the price and moved after sharing this signal you need to
Click this play button like I’m going to do here and after clicking this P you can see this Shing us that the price are nicely moved up from the buying Zone and read the sell Targets on here and here as well now let me to take you to the
Live chart of Dogecoin and this is the daily time frame chart and you can see that for the past several days it has been moving inside this up Channel but after the break down the price L uh formed another down Channel by the when it was moving inside this up Channel at
That time we found the support and resistance of this next down Channel as well and now while moving inside this channel the price has tested this support several times uh that we have here at 7.5 cents from 7 uh 6 cents and goes to 7.5 cents and previously it has
Been working as a resistance Zone here and now it is working as a very nice support Zone and this point of rejection will be very important that is proximately 9 cents and in case of continue this rally uh in order to continue this rally to the outside we
Will still need to break out this point of rejection and after breaking it out the target to the outside can be here for this breakout from the channel That will be approximately at 10.8 cents and now if you take a look at the weekly time frame chart then here we have
Already broken out two very big patterns one is a big falling badge pattern and the next one is a big descending triangle and you can see that on this s days time frame chart this 10 cents level is breaking as a very strong resistance previously it has been
Breaking as a resistance here and now for the past several weeks and month it is again working as a very strong resistance and you can see after breaking out this descending triangle the price and once again got rejected therefore after breaking out this channel on The Daily time frame chart
Now there is a probability that the price and may make another attempt to break out this resistance of 10 cents on the 7 Days time frame chart as well now if we take a look at the targets for these two breakouts then Target for this breakout from this descending triangle
Is here that is approximately at 22 cents and the final Target for this big breakout from this big falling wedge pattern is here at the top of the wedge that is between 77 cents to 80 cents this was the update so far I hope that You’ have likeed the analysis then do
Hit the like and do subscribe to the channel as well and for more trading signals you can also join me and support me as a YouTube member res a patreon member because there I’m sharing different trading signal for you and you can find a link to join me there in the
Videoos description I’ve shared take care goodbye
1 Comment
we will see
$DOGE #DOGE