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Dogelon / Tether

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ELONUSDT trade ideas

Elon In potential profit zoneAs you can see, the price started its bullish cycle in Oct. It finished the channel phase and entered into trading range phase, but not a normal trading range, It created trading range in pattern mode ( bullish triangle ). Parts of the charts are: Red line: short term bearish trend line ( one side of the triangle ) Dotted red line: extended bearish trend line Green line: short term dynamic support ( another side of the triangle ) White lines: Main support zone The Price broken both bearish trend line and extended one with 3 consecutive bullish candles and then has created a pullback with 2 pin bars and another small bearish candle. That's definitely a spike and its pullback, but the context does not support the idea that it's a start of a new bullish cycle which can create a new ATH, or just a minor cycle into the trading range and can go up and touches the previous ATH. For now, We do expect that the pullback continues to at least the broken extended line ( dotted ). If it goes further, the price will make pullback to the main bearish line ( red ) which also will be the cross of the red and the green line, so at that point, strong support it likely expected. So at this point, the tp1 would be the previous high which will give %89.29 profits ( %161 if it goes down to the red line ) and at that point, we need to see the price momentum and decide to go for higher tps or we should take the profit.
Long
by shahriarknd
Dogelon ELON Daily and 2Day looking GOOD Next Planet #1718Busy chart , I know, but... Daily was cradled by the 21EMA Next resistance 1718. If closes Daily Above red dashed line, would be a higher high and trend reversal Watch out for BTC gap down on CME, Market could pull back early this week, and could see a small rejection by ELON at the 61. 8 on first pass. Go to 2Dayband look at blue line resistances heading north. Break them, retest and move up the ladder. Best way for long term gains
Long
by Chefrusty
Strong Resistance Ahead for DOGELON :(The price is likely to drift back to the 1100 area. Timing the market is impossible, so keep adding at every opportunity if you're a longer term swing holder like me. This chart must hold above the 1500 level to bring interest back. Thanks for your comments and further insights. ________ The bull pennant is a bullish continuation pattern that signals the extension of the uptrend after the period of consolidation is over. Unlike the flag where the price action consolidates within the two parallel lines, the pennant uses two converging lines for consolidation until the breakout occurs. Pennants share the same weakness with flags, as a prolonged consolidation phase can result in a reversal pattern. For this reason, it is important not to enter the trade before the breakout occurs and to always consult other technical indicators in confirming the breakout. ________
Long
by TTECH
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