koinmilyoner
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Bullish
💥 Dogecoin Buy Signal Detected — Is a Breakout Around the Corner?
The weekly chart for DOGE/USD entering the Bull Market Support Band, an envelope signal depicted as two lines, approximately $0.19025–$0.20703. The weekly candle showed O: $0.24076, H: $0.24860, L: $0.18855, C: $0.19945, a 17.15% decrease with hours remained in the session. Dogecoin fell after a two-week rally that reached the $0.20s before sellers pulled back.
The illustration shows two items beyond the support band. Price crossed a declining trendline over lower weekly highs on July 16 and is presently testing from the top. Second, that trendline crosses the bull market support band, which trend watchers use to determine whether a breakout is holding or failing.
The analyst calls the latest pullback a “back-test” of both aspects rather than a collapse, meaning that bulls might stay in control provided the band remains support.
The post is bullish, but the proof is detailed. However, the weekly candle closed above the key region. After breaking a long-running diagonal barrier, DOGE is returning to the $0.19–$0.21 range, where the support band aligns with the downtrend line.
Momentum-and-trend traders watch for stability, declining negative momentum, or a quick rebound above the band midline to validate such retests.
Cantonese Cat simplifies that perception into danger. By saying “I think it's great risk-reward here,” the commentator implies that the surrounding technical levels closely define risk compared to upside if the breakout holds.
As usual, it is one analyst's view of the chart at a certain time; Dogecoin remains volatile, and this week will be crucial for bulls trying to confirm momentum, but the risk-reward ratio appears excellent.
#DOGE #MarketRebound #TrumpTariffs $DOGE
The weekly chart for DOGE/USD entering the Bull Market Support Band, an envelope signal depicted as two lines, approximately $0.19025–$0.20703. The weekly candle showed O: $0.24076, H: $0.24860, L: $0.18855, C: $0.19945, a 17.15% decrease with hours remained in the session. Dogecoin fell after a two-week rally that reached the $0.20s before sellers pulled back.
The illustration shows two items beyond the support band. Price crossed a declining trendline over lower weekly highs on July 16 and is presently testing from the top. Second, that trendline crosses the bull market support band, which trend watchers use to determine whether a breakout is holding or failing.
The analyst calls the latest pullback a “back-test” of both aspects rather than a collapse, meaning that bulls might stay in control provided the band remains support.
The post is bullish, but the proof is detailed. However, the weekly candle closed above the key region. After breaking a long-running diagonal barrier, DOGE is returning to the $0.19–$0.21 range, where the support band aligns with the downtrend line.
Momentum-and-trend traders watch for stability, declining negative momentum, or a quick rebound above the band midline to validate such retests.
Cantonese Cat simplifies that perception into danger. By saying “I think it's great risk-reward here,” the commentator implies that the surrounding technical levels closely define risk compared to upside if the breakout holds.
As usual, it is one analyst's view of the chart at a certain time; Dogecoin remains volatile, and this week will be crucial for bulls trying to confirm momentum, but the risk-reward ratio appears excellent.
#DOGE #MarketRebound #TrumpTariffs $DOGE
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