A trading opportunity to buy in DOGEUSD
. DOGECOIN/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0026 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0026)
Ending of entry zone (0.0015)
Signal to enter the market occurs when the price comes to “Buy zone” then forms one of the reversal patterns, whether “Bullish Engulfing”, “Hammer” or “Valley” in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about “Entry signal” and the special version of our “Price Action” strategy FOLLOW our lessons:
TP1= @ 0.0039
TP2= @ 0.0047
TP3= @ 0.0059
TP4= @ 0.0074
TP5= @ 0.0101
TP6= @ 0.0183