momentum is clearly reversed right now and if it holds the blue trend; it will break its only remained downtrend, So I expect that we will see a big trend break and high probably hit and cross the ATH.
entry: around 6.8
TP1: 7.39
TP2: 7.62
TP3: 7.89
TP4: 8.43
TP5: 8.73
SL: 6.143
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DODO platform new to the market sees buoyant trading on the smaller timeframes.
Expect to see support levels drop over the next week with the falling EMA.
ANALYSIS 🔎
- DOGEUSDT brokeout and hit an ATH.
- The market then experienced retracement for a retest of the flip horizontal support, 0.618 fibonacci retracement level and ascending trendline support
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- There's an uptrend continuation...
As you can see in the chart, DODO is currently inside a triangle. I think it may break the resistance.
Consider that DODO is backed by Binance. So I think it's in a good position right now to invest.
