The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.
Este artículo también está disponible en estñol.
Daily Plan Published On x by bitcoinsensus, Memecoin is filmed closed in a six -month reverse book in the preparation phase.
Dogecoin Breakout within 7 days?
The price procedures that extend from the vertical gathering last October to the present time have carved a large -scale descending trend line that raises all the main swing: first at the height of December slightly higher than $ 0.48, then a second less interaction in mid -January is about $ 0.43 and a third hypothesis approximately 10 days ago at approximately $ 0.26. This trend line remains intact, but now only a few percentage points over the market.
Within this larger lower trend, Bitcoinsensus highlights a head style and shoulder, reaching his left shoulder near $ 0.142 in mid -March, which extended to nearly $ 0.141 at the beginning of April, which formed his right shoulder in early May at about $ 0.164. The neck line of this structure is not horizontal. It falls modestly from left to right and crosses the scheme marginally higher than $ 0.185. Analyst May 8, the daily candle with a red circle bearing the “penetration” mark, indicates that the minimum technical requirements to confirm patterns have already been met.
Related reading
Since this penetration, Dogecoin has regained what the analyst calls in a healthy way. The clouds have so far respected the neckline, and around the resistance to support the first layer. The expected bitcoinsensus path, white decreed, envisages another decline that puts signs on the long-term trend line-now lurking near the area of 0.23-0.24 dollars-before momentum reflects upward. Expectations give the market a seven -day window to complete this test and launch new progress.
“Dogecoin was slightly retreating in a very healthy way, and preparing for the next main break. It is expected that the expected collapse will occur during the next seven days, with a re -test of the trend line to confirm,” the analyst writes.
Related reading
If the trend line allows for the next, the following test will be a gray “supply zone” trapped between $ 0.42 and $ 0.43, a region coinciding with the scope of distribution in January and a second anchor point for the descending trend line. “The next goal will be the supply area at about $ 0.42 -0.43 dollars per dawji. Expect a quick move up as soon as the penetration is in full strength,” the analyst added.
The decisive daily closure within that group, through the conditions of classic graphic theory, creates the first highest level in the main time frame since November and opens the door to the reflection of the broader direction.
The nullity remains clear. Daily settlement below the neckline-actually handle 0.185 dollars-will deny the inverted head and shoulder structure and leave its lowest levels in March. Until then, the technical prejudice is higher, the hour on the seven -day bitcoinsus thesis.
At the time of the press, Dog was traded at $ 0.221.
Distinctive image created with Dall.e, Chart from TradingView.com
