DOGEUSDT ! The price is in a long uptrend zone. What's next?🧐

7 авг. 2022 г.

The DOGEUSDT is breaking through the old downtrend channel after making a false break of the local rising support line. On the chart, I have indicated the estimated potential for price movement.

The price is trading above the global downtrend, earlier, after the breakdown a pullback was formed and the price confirmed the break of the trend, after which it moved into an upward momentum phase and tested the resistance level of 0.0711

I assume, as the chart shows that the price is fixing in the long zone, inside the ascending price channel, then from the support zone the price can make a rise. The short-term target is the resistance at 0.0711, the medium-term target is the liquidity zone at 0.0759

Regards R.Linda!