SaeedSalehinia

SaeedSalehinia

There are two clear resistance and support lines; the downtrend triangular and the double horizontal lines. Either one of them breaks we can expect the price to move in that direction. Two possible moves have been drawn for the breaking of the current downtrend line. Also do not forget, increase in buy volume when the lines break.

SaeedSalehinia

Price has already broken the downtrend corrective wave. It is possible for the price to make a rapid downward move before continuing to move up. Or, the price bounces of the two lines converging several times. Anyway, there are two lines in the upward direction of the price. After the horizontal line (the previous price peak), there are no resistances; how up can it go?

SaeedSalehinia

Price has broken the minor downtrend line within the inverted uptrend wedge. There are two possible next moves depicted in the chart. The price target can be either of the lines on its way up. If the price crosses the previous peak (namely the horizontal line), there is no resistance on its way!

SaeedSalehinia

Price was moving in a steep downtrend channel; Now, the price has broken the channel and it looks like it's ready to change the direction to an uptrend. Although, the price might test the long horizontal resistance line one more time; be ready. If the uptrend wave starts, the first and second targets are the bottom and the upper side of the triangle, respectively....

SaeedSalehinia

Currently, we are in an inverted triangle correction wave 4. When the two downtrend lines within the corrective wave break and we see an increase in buy volume, the next uptrend wave probably start. Recently, we had a fake break in the lower side of the wedge. Now, the first downtrend minor line has broken, this might be fake too; both minor downtrend lines have...

SaeedSalehinia

Doge has broken the upper line of the downtrend wedge and we see an increase in buy volume too. Price also has pulled back on the broken line. If we see another higher low the uptrend wave is confirmed. The first target is the double uptrend line, after that, the horizontal line.

SaeedSalehinia

It appears that the current correction wave might take double the time as the previous one. The area around vertical Fibonacci time (2) is where the price probably changes direction. Price is moving in a downtrend channel; we need to see the upper band breaks as well as the buy volume increase to be sure that the uptrend wave has started.