Dogecoin: Weekly Floors Signal Cycle Peaks
Trader Tardigrade notes Dogecoin historical floor-to-peak multiples on the weekly chart, with the current 0.0004 floor setting up for another large move higher this cycle.
SourceAnalysis
Dogecoin has seen floors lift each cycle, from 0.0001 delivering 167X to 0.0002 delivering 365X, and the latest 0.0004 base now in place according to @TATrader_Alan.
At the current $0.09 price the 4h structure sits in a bearish trend with both EMA50 and EMA200 at $0.09 acting as immediate resistance, while the MACD golden cross supplies bullish momentum and RSI at 44.69 stays neutral; price remains inside the Bollinger band with upper resistance at $0.09 and lower support at $0.08, suggesting any test of the upper band may exhaust quickly and produce a retracement toward the EMA confluence before the next directional push.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.