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DOGECOIN’s unification for a period of six months is a file, not a coffin, according to the Kantonian artistic technician, who will become the video clip of June 19, to argue that the upcoming directional breaks of Meme-Coin will become-accurately up to $ 4.13 before the current session excels.
Dogecoin Breakout is only a matter of time
analyst Start By treating feelings. It is noted that the strands of retail comments have turned into a caustic, because Price has slipped from the height of the past fall and then “has not been done for several months.” However, such fatigue is exactly what aims to produce the bull market to produce: “Many people really feel bitter about Doug … This is exactly how high the number of low situations and low positions of the type that are supposed to be frustrated. This is still a bull’s trend until it is proven otherwise.”
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At the highest level of zoom, Dogecoin tracks what he calls “still a cup and … is still a handle until it is proven otherwise.” The first orientation of this handle stopped almost when the Fibonacci Vibonacci scope spreads 2022-24 – “FIB level is very important here”. Because initial attempts rarely penetrate that resistance, expect rejection. What matters is the place where the decline was found: “In the case of Dogecoin, I decided to reach 0.382, which is unusual … This is in fact a very important area of this gentle and double bottom.” Thus, the market is tested, not a violation, a historical strong line.
Take zooming to the monthly graph, DOGECOIN sits under what the analyst “Ichimoku cloud is very thick”. Two attempts to penetrate, as they produced a pair of crumbs that seem fateful for observers of informal plans. The Kantonian cat does not agree to: “We had a little wrong collapse here on the month … I think the third time will be magic.” Under the cloud, six consecutive monthly candles were overlapping inside the long green tape printed last November. The composition – six inside the bars – explains the time of a time to move violent: “You talk about monotheism with six candles inside the formation of a lot of energy here.”
This pressure on the weekly timetable is reflected: “If you also look at the weekly here, you can also see that you have six candles inside here as well … which tells me that there is no longer a declining energy that necessarily left. I think we are closer to the bottom than the top.”
The main structural support is provided by the average simple average movement for 20 months, and now at $ 0.1737. The price is currently included in it, but the slope is still positive. Historically, these groups are in favor of the trend: “If you have a 20 -month moving average, this is likely to be a jet.” He cites a previous course when a Dogecoin villain is under the same scale before organizing a dramatic reflection.
He says that the price procedure is meaningless without context. “If I end up looking at Doge here on Coinbase and withdraw the sound level here, you can also see that there is no sale volume here at all.” Binance, the deepest Dogecoin market in the world, shows the identical stalemate. He says: “The volume of the sale does not exist mainly,” and concluded that the accumulated supplies have evaporated and that the demand is only required to pay the reflection. Twice before-in July 2023 and February 2024-The pre-volume pre-shaped pre-shaped marches: “The low sales volume here, reflection once the volume comes … low sale volume here, reflection once the size comes.”
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Daily fluctuating indicators began to confirm structural reading. Dogecoin recorded what the Kantonian cat describes as “the bottom of the treasure” – a period for him for a local surrender, the body of its candlestick is much smaller than its fabrication. More officially, the relative strength index showed a bullish deviation: the price has decreased its lowest level while RSI turns up. “The last time you had some bullish transfers here … this was the local bottom there,” he says, noting the reflection of October 2023. The repeated pattern was repeated in March 2024 and appears again today: “I think we might face the change of direction here relatively soon.”
Doug’s price goals
If the volume reaches and the price decreases through the recovers 0.5 and 0.618, then the goals of the Kantonic Fibonacci stairs in Fibonacci. From the Binance Data collection, “$ 1.60, $ 2.26 and $ 4.13, all of these are the possibility for Dogecoin.” Multiple exchanging nutritions adjust the numbers to $ 1.50, $ 2.27 and $ 3.94. What he does not expect is an equivalent re -detonation of 2021, when Dogecoin has put a 2.272 extension and briefly suggested about $ 23. “I think $ 23 is crazy … I don’t think Duj will end up, as you know, like anything like $ 3 trillion in the market.” However, the price value of a quarter to half a trillion dollars, which ranges between three to four dollars-is “something to think” in granting the current cash expansion.
“The market makers give us more time to buy while the feelings are very bad.” BAR interior ranges act as a simple operator. It would open close to six months, in reading it, the next station for the primary direction. On the contrary, the closure may be delayed without the average for 20 months-but it does not necessarily slow down-the thesis, provided that the moving average itself continues to rise.
Through each lens-a cup and a macro handle, the Adam & Yves neckline test, Ichimoku resistance, an average medium for 20 months, exhaustion, and daily bullish contrast-the weight of evidence is close to a upscale result. Timing, he admits, unknown: “When will it be? I don’t know.” However, none of the data is justified. It closes with the maximum that he repeats three times in the broadcast: “The direction is your friend, and the trend rises.” If this opinion continues, the sleeping Dogecoin rolls may ultimately rest towards the extension of the most ambitious analyst at $ 4.13 – a level that cannot be conceived of the frustrated sellers today, specifically for this reason, he says, is still on hand.
At the time of the press, Dog was traded at $ 0.171.
Distinctive image created with Dall.e, Chart from TradingView.com
