DOGEUSDT, 3-Bottoms Better Than 2 Dips

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DOGEUSDT, 3-Bottoms Better Than 2 Dips.
  • Looking at the Cyan parallel lines, it is showing consolidation.
  • There are x2 retest of the bottoms showing support while volumes gets lower.
  • Both are critical levels as it marks the Baseline of the Ichimoku Cloud.
  • My guess possible 3rd retest to show the the classic Triple-Bottom.
  • This is a good signal sowing potential bullish divergence.
  • Conditions to meet are:-
    => Following an up Reversal.
    => 1st breakout at point A1.
    => 2nd breakout at T3.
  • 2nd breakout is critical and will show the 3rd retest to challenge the resistances (3 red arrows on the left).
Note
snapshot
S1 and S2 are the critical re-test of bottoms.
Both touched the Base Line of Ichimoku Cloud. (Yellow Line)
Base line is the mean 26 days high and low periods in this 1D chart.
Note
snapshot

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