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Alikze »» Doge | Bullish Flag

🔍 Technical analysis: Horizontal Flag

- According to the presented analysis, after growing up to the supply zone and not failing, the zone faced correction.

- Currently, it is moving in a descending channel at the time of 8H.

- In the recent correction, after creating demand in the bottom area of the channel, it is moving sideways in the middle of the channel.

- A bullish sideways flag pattern is now formed.

- According to the volumes created in the middle of the channel, it can continue its growth up to the ceiling of the descending channel.

💎Alternative scenario: In addition, if the Fibo 100 zone breaks again, it can continue the correction until the origin of the movement.

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According to the analysis presented in the 8H time frame, after a consolidation in the area and the formation of a flat flag, it has grown by more than 18% to the supply area.