ANALYSIS 🔎
- DOGEUSDT brokeout above the falling wedge's resistance as expected from my previous analysis.
- Price is testing the ascending channel support.
- Price action is printing a pennant chart pattern.
- A pennant chart pattern is a trend continuation pattern, a bullish one in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support and the ascending channel support.
- DOGEUSDT brokeout above the falling wedge's resistance as expected from my previous analysis.
- Price is testing the ascending channel support.
- Price action is printing a pennant chart pattern.
- A pennant chart pattern is a trend continuation pattern, a bullish one in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the pennant pattern's inclined resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Ascending channel resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support and the ascending channel support.
