As seen on the chart there is a recurring Rectangle 1D pattern (4 times) that precedes every major bearish channel. At the moment DOGEUSD has completed one (RSI = 53.705, STOCH = 47.561, ADX = 46.563, MACD = 0.001, Highs/Lows = -0.0002, B/BP = -0.0005) and this neutrality should be channeled into bearish action soon. Our TP previously was 0.0045 but we will extend (if it is crossed) to 0.002321.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.