Analysis On Dogs/Usdt On My expected Price Target

I am really thrilled to discuss about cryptocurrency especially when it comes to analysis it's always a thing of joy to share my chart with friends.

I especially love to share chart as am trading ofcourse it will be good to share my thought on some crypto pairs and today I choose doge/usdt.

Ofcourse we know the noise on crypto has kind of dialed down for a while as recent price action has not been as it used to during the 2020/2021 bull run, nevertheless it's still a market and moves regardless whether in the way we wanted or not.

I mean whatever the case is we could always trade it short time or medium time and make profit depending on the type of traders we are, if we are say traders or swing though in this market I will rather be a swing.

Well this is an analysis on doge/Usdt pair on the daily TF as we can see from the picture below, after price fails to break below a previous low on the daily TF signifying weakness from the bears and the price subsequently forming a double bottom and reversing from there.

I knew we could see some upside and indeed price has been moving up from there and potentially forming a W pattern which could trigger more upside.

Personally am looking at the $0.06400 level as the next daily resistance which may push price back when it reaches there as it holds also a supply zone, that range may prove difficult to break above and price may potentially reverse from there.

But if price does what I feel it's going to doing and complete the W pattern and breaks that resistance level that will be a W pattern breakout which would mean more upside for dodge/Usdt in the short term

If price breaks above the $0.06400 level and probably retest that level again as support I feel those who weren't long before from the beginning of the move could get on potentially targeting the $0.06850 level as the next place price will draw to.

Ofcourse this could be done with demo as am mere staring this for entertainment purpose and not urging anyone to play around with live money.

Now this is my personal view on doge/Usdt pair done on the daily time frame, if anyone has any contrary opinion they are willing to share and if there is any question they can ask on the comment section.

We all decided what we choose to do with our money and shouldn't jump on the chart based on another person's analysis.

I leave it here for today untill next time.