đ§Chart 1: Inverse Head and Shoulders with RSI
Pattern: The chart shows an Inverse Head and Shoulders, a bullish reversal signal.
đď¸Left Shoulder: A drop followed by recovery.
đď¸Head: A deeper decline forming the lowest point.
đď¸Right Shoulder: A higher low, signaling potential upside.
đBreakout Potential: If DOGE/USDT breaks the neckline, it may push higher. The green area marks the target, with resistance above.
âRSI Index: The RSI is recovering. Above 50-60 signals strength; above 70 may indicate overbought conditions.
đ§Chart 2: Elliott Wave Analysis
Bearish Trend: The chart shows DOGE/USDT in a five-wave downtrend per Elliott Wave Theory.
Wave (iii) may be ending near 0.0001282 USDT.
Retracement: Wave (iv) correction could align with the Inverse Head and Shoulders breakout, targeting 0.00017-0.00025 USDT.
Wave (v) Risk: If weak, a final drop may follow before a full reversal.
Final Conclusion
Bullish: If the breakout holds and RSI stays above 50, DOGE may rise toward 0.0002+ USDT.
Bearish: Weak momentum may lead to another dip before recovery.
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