ANALYSIS 🔎 - DOGEUSDT brokedown below the descending triangle's horizontal support and hit the fibonacci extension levels and projected descending channel support as expected from my previous analysis. - The market is currently bounded in descending channel. - Price is testing the descending channel resistance. - RSI is printing a bullish divergence signal. - Price action is printing the inverse head and shoulders pattern. - This is a bullish reversal pattern. - There's a breakout potential.
BUY ENTRY ⬆️ - Breakout above the descending channel's resistance and the inverse head and shoulders neckline resistance.