empty
 
 
21.07.2022 10:15 AM
DOGEUSDT Potential For Bullish Continuation | 21th July 2022

This image is no longer relevant

On the H4, with price moving in an ascending trendline and above ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 0.06682 where is in line with the 50 % fibonacci retracement to the 1st resistance at 0.07318 in line with the 23.6 % fibonacci retracement and swing high support. Alternatively, price may break the support structure at the 1st support and drop to the 2nd support at 0.06173, which is in line with the overlap support and 78.6% fibonacci retracement. Trading Recommendation

Entry: 0.06682 Reason for Entry: 50% fibonacci retracement

Take Profit: 0.07318

Reason for Take Profit: 23.6% fibonacci retracement

Stop Loss: 0.06173

Reason for Stop Loss:

overlap support and 78.6% fibonacci retracement.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dean Leo
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback