Hi there,
DOGEUSDT is currently ranging within a bearish zone for the potential completion of the (wxy) extension of ABC. So the price must drop before it goes up.
Bullish interests are at 0.16251 for the continuation of the bigger blue BC wave.
What needs Not to happen is the break of the (W) area. Let's make that 0.12331 because then the price will have the potential to go even lower if it does break it.
So the main objective is for the price to pull back up from the trending support line and reach above 0.16251 with a bullish low, which could signal a favourable bullish momentum.
Happy Trading,
K.
DOGEUSDT is currently ranging within a bearish zone for the potential completion of the (wxy) extension of ABC. So the price must drop before it goes up.
Bullish interests are at 0.16251 for the continuation of the bigger blue BC wave.
What needs Not to happen is the break of the (W) area. Let's make that 0.12331 because then the price will have the potential to go even lower if it does break it.
So the main objective is for the price to pull back up from the trending support line and reach above 0.16251 with a bullish low, which could signal a favourable bullish momentum.
Happy Trading,
K.