Lingrid | DOGEUSDT Consolidation Period Following Sell-Off for BINANCE:DOGEUSDT by Lingrid

Lingrid | DOGEUSDT Consolidation Period Following Sell-Off

The price perfectly fulfilled my last idea. Most cryptoc asset charts appear similar following the recent market sell-off. Prices experienced a sharp decline, resulting in a spike. market broke through the trendline and fell below December's lows. I think the market may consolidate around these December lows, forming a triangle pattern or flag pattern. On the daily timeframe, the market completed a perfect ABCD pullback, bouncing off the crucial 0.2000 level. I expect the price to move sideways, similar to what we observed after the drop on December 20th, when the market remained flat for over two weeks before ultimately trending higher. My goal is resistance zone around 0.3000

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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