DOGEUSDT, 3-Bottoms Better Than 2 Dips

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).
  

Kommentera:

S1 and S2 are the critical re-test of bottoms.
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.

Kommentera:

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