Technical analysis by linofx1 about Symbol DOGS: Buy recommendation (12/8/2024)

Here's a brief update on ⚠️DOGS: Since my last analysis on DOGS, the market has formed a clear bullish pattern known as the ascending triangle on the daily chart. This pattern indicates a bullish accumulation phase and suggests a strong possibility of a subsequent upward movement. To confirm our approach, we will wait for a bullish breakout above the triangle's resistance level, along with a daily candle closing above it. This could set the stage for a potential rise to 0.00099 and then to 0.001. On the other hand, if we see a bearish breakout of the triangle's trend line, it could signal a significant downward move.