The Dogecoin chart displays a "Bull Flag" formation, typically signaling bullish potential. However, in the shorter time frame, the price struggles to break out, with resistance near $0.33 and declining RSI, hinting at temporary bearish sentiment. The stochastic RSI remains elevated, suggesting overbought conditions, adding pressure. Nonetheless, the broader setup aligns with a long-term bullish outlook, supported by the EMA ribbon and the consolidation pattern. Short-term caution is advised, but the longer time frame indicates upward potential.
The Total3 chart highlights a "Bull Flag" pattern, a bullish continuation indicator suggesting potential upward momentum in the longer term. The EMA ribbon and the support zone near $900 billion provide additional strength to this bullish outlook. However, the RSI indicates some weakness, while the stochastic RSI shows oversold conditions, implying a possible reversal after temporary consolidation or retracement. Short-term sentiment may remain neutral to bearish, but the overall technical structure strongly supports a bullish breakout for the longer time frame.
The BTC.D (Bitcoin Dominance) chart displays a "Bear Flag" pattern, a classic bearish continuation signal suggesting potential downside. The EMA ribbon is trending downward, reinforcing bearish sentiment. RSI is leaning toward neutral, showing no immediate strength, while the stochastic RSI indicates oversold conditions, hinting at a possible short-term bounce. Overall, the chart suggests a bearish outlook for Bitcoin Dominance in the shorter term. This aligns with expectations of capital rotation into altcoins, supporting bullish sentiment for altcoins like DOGE in the longer time frame.
Trade Details:
Entry: Around 0.29827 ( Join my Binance live for premium crypto signals )
1st Tp: 0.33778
2nd Tp: 0.37412
3rd Tp : 0.38993
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