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The two-day Dogecoin candle chart returned to the same accumulation shelf, which preceded its five times a series of last autumn, and the independent Astronomer market technician (@astronomer_zero) argues that the pattern “looks like DONO and I am long.” A strategist that marked April Bitcoin with a higher level before exploded $ 69,000, he said Observers on X that Doge now offers “6R+trade” back to the December supply wall.
Dogecoin Bottom is
The updated chart shows the printing of the prices of subsequent wicks in the Lavender demand team, which starts from 0.12 USD, and at the top just below $ 0.15000. So far, each test of this floor has been absorbed, leaving a number of higher two -day closures. “Okay, Doge only slightly moved away,” wrote Astronomer, “so there is still 6R+trade, if it is to be shot if it goes to the backs.”
Black horizontal in the amount of USD 0.18210 means the first decisive recovery. The Sunday session opened to USD 0.18141, stood out to 0.18210 USD and settled for 0.17548 USD – fractionally under the trigger, but well from a gray distance, which determines the analyst risk box. In the case of traders with tight stops, the annulment is slightly below 0.12982 USD, limiting defects to about twelve and a half cents, while maintaining the full version of the mountain at 0.40000-0,48527 liquidity shaded in emerald green. “If you want a specific risk of a defined prize,” added Astronomer, “long, as it also makes sense.”
Technically, the structure imitates October 2024, when Doge carved a rounded base for USD 0.10, caught fire on a lifting volume and exceeded $ 0.48527 eight weeks later. “The last time we left the way of thinking about the range, it was October ’24 and bought a dog at 10 ° C” – the analyst reminded readers. “He pulled out 5x before recovering what IMO has now become higher.”
The projection sketched on the chart predicts that one to two months aside is cut in a gray band, which covers about USD 0.175, and then stairs to low to USD 0.30 and the December trade test.
None of the hand-drawn arrows will pierce the senior high, emphasizing that the thesis is not based on discovering the cente-on-average inversion to the last supply node. “Considering that this is Altcoin, and the expectations are probably exceeding 0.5 USD, having heavy spots already pays for a small risk,” he wrote. “They can still spend some time and knock them slower than BTC, but RR IMO will be higher.”
As always, there will be confirmation – or fail – on tape. The two-day closing above 0.20000 USD has set the frame reversal at a higher time and will reveal liquidity by 0.30 USD, while the settlement below 0.12982 USD would annul the configuration and re-open a 10-percent handle. Until then, the call of the astronomer rests on the assumption that Bitcoin Bottoms first follows Ethereum, and “one after the other, throwing the bottom through cyclical time, sentiment and their appropriate Pois.” Dogecoin, says, just marked every field.
During the press, the dog traded for USD 0.173.
A distinguished painting created from Dall.e, chart from tradingview.com
