The key is whether there is support near 0.15330
2024-10-29


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(DOGEUSDT.P 1W chart)

If the price has risen sharply but you have not been able to start trading, it is recommended to check what kind of movement is shown near the support and resistance points and then start trading.

Accordingly, it is recommended to check whether there is support near 0.15330.

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(1D chart)

If it continues to rise like this, it is expected that the StochRSI indicator will rise to around 50 when it rises to the 0.16625-0.18218 range.

Accordingly, there is a high possibility of volatility, so I think you can start trading depending on which direction it deviates from the 0.16625-0.18218 range.

Since it rose above the upper part of the parallel channel, it is likely to show a tendency to return to the channel over time, so I think it would be good to check for support around 0.15330 and decide whether to start trading.

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(1h chart)

1st: Touch the Standard Error line and see what movement it will show,
2nd: Touch around 0.15330 and rise along the channel,
3rd: Touch the 5EMA of the 1D chart and see what movement it will show,
I think it's not too late to start trading after checking what it looks like in the 1st-3rd above.

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Have a good time.
Thank you.

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- ​​Big picture

It is expected that a full-scale uptrend will start after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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