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🚨 Dogs TA 🚨: Retrace, higher low & higher high (bullish resumption)
DOGSUSDT was one of the projects that moved first and did so with force. After a strong move, there is always a correction.
Here we see how the action went below 0.786 Fib. retracement just to recover. This is a perfect level, classic, for a project like this one to end a correction, it can continue lower though.
As I always say, it is great to buy at support when prices are low. See how the situation becomes now. Would you buy and go LONG at the 0.786 Fib level? But it can happen that the market goes lower and moves only after several weeks. It can also happen that a new bullish wave starts now with huge momentum.
Now the bottom process was something quite different. After 6-February, DOGSUSDT went sideways for an extended amount of time. Here we can buy and hold easily in anticipation of a bullish breakout, no new lows after the bottom is in. The current chart is strictly bullish but mixed.
It seems there will be more fluctuations until the next jump, it will be worth the wait.
The next time DOGSUSDT turns bullish, it can reach the final target on this chart, the purple line with a tag around $0.00029. That's 575% profits potential from current price. From the 6-Feb low, that's 1,200%, and that would be only the start.
Looks good but not yet.
$DOGS