DOGE/USDT : Reasons for new ATH !

DOGEUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

#DOGE had a broken symmetrical triangle in daily TF, Which was failed to lead the pair to the new ATH.
Now there're more reasons that makes some good interests in #DOGE !
- Falling wedge in 12H's time-frame
- Major support zone on current rate
- New bullish pennant in 1D's time-frame
- Possible repetition of recent fractal's movement
- Similarities to the lower H12's Demand to form another insider candles for zooming the higher targets

📚 #DOGE is Targeting $0.2958 by 4 reasons, Falling wedge is a good point for it :
As you can see on the higher chart; #DOGE is moving in a falling wedge which is have some similarities with the last pattern !
The first thing is the bullish expansion that happened after the breakout on the wedge.
Also we had the insider candles on expansion which has forced the pair to bounce after leaving the insider candles zone.
Now the target of the wedge is $0.2958 and the lower support zone can be a good buy wall for long-term holders to lay on...
- We might see the repetition of possible insider candles and bullish expansion after breaking-out of falling wedge.

📚 The falling wedge's target will gave us the opportunity to target $0.8937 as the new ATH forms by new bullish pennant :
Recently we posted an analyze about #DOGE's broken bullish pennant, And there's another pennant formed by recent rejections !
The target of the pennant will be a new high at $0.8937 if we get that breakout confirmation at first.

- So, What's the connection between falling wedge and bullish pennant ?
If #DOGE manage to break above the falling wedge, Then we'll be primed to break above the pennant too !
Cause the mentioned target of the wedge will lead the pair above the pennant.
But there'll be a stiff resistance standing at $0.3; Which can be our target level for falling wedge and 2nd entry after breakout !

🔴 Any breakdown below pennant will cause a big dump !
So the mentioned support on 12H's chart are really important for bulls.



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@Helical_Trades