Dogecoin Shows Bullish Trend Reversal with TD9 Buy Signal
Analyst Ali Martinez has identified a potential trend reversal for Dogecoin, highlighted by a "buy signal" from the TD Sequential indicator on its daily chart.
Key Points
- Dogecoin's price dropped from approximately $0.4843 to around $0.32, resulting in a -35% decline.
- The TD Sequential indicator has reached a TD9 count, suggesting a possible bullish turning point.
- The crucial support level is at $0.313, the 0.382 Fibonacci retracement level.
- Initial resistance is around $0.3400; a break above this level may confirm the trend reversal.
- A recovery above $0.4000 (0.5 Fibonacci level) would indicate stronger bullish momentum.
- Failure to maintain above $0.3100 could extend the current downward trend.
