DOGEUSDT, 3-Bottoms Better Than 2 Dips.
- Looking at the Cyan parallel lines, it is showing consolidation.
- There are x2 retest of the bottoms showing support while volumes gets lower.
- Both are critical levels as it marks the Baseline of the Ichimoku Cloud.
- My guess possible 3rd retest to show the the classic Triple-Bottom.
- This is a good signal sowing potential bullish divergence.
- Conditions to meet are:-
=> Following an up Reversal.
=> 1st breakout at point A1.
=> 2nd breakout at T3.
- 2nd breakout is critical and will show the 3rd retest to challenge the resistances (3 red arrows on the left).
Comment:
New Checkpoint => US$ 0.06
New Checkpoint => US$ 0.06
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626
"Trend charting as a pastime."
626
"Trend charting as a pastime."
Both touched the Base Line of Ichimoku Cloud. (Yellow Line)
Base line is the mean 26 days high and low periods in this 1D chart.