Why trust?
A strict editorial policy that emphasizes accuracy, relevancy, and impartiality
Expertly crafted by experts in the industry and thoroughly reviewed
Highest standards of reporting and publication
A strict editorial policy focusing on accuracy, relevancy, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Independent market technician Astronomer, (@astronomer_zero), argues that the pattern. “looks bottomed—early call, and I’m long.” The strategist was the one who first predicted Bitcoin’s lower-low of April, before it surged through $69000. told DOGE offers a new way to follow X. “6R+ trade” The December supply wall.
Dogecoin is at its lowest price.
Updated chart showing price increments of $0.12 to $0.15000. Every test has so far been taken up, leaving only a string of two-day closings that are higher. “Alright, DOGE only moved slightly off the low,” Astronomer wrote “so there still is a 6R+ trade to be scored if it were to go to the highs.”
First decisive claim is the black horizontal, at $0.18210. Sunday’s session opened at $0.18141, punched to $0.18210, and settled at $0.17548—fractionally under the trigger but well clear of the grey value area that defines the analyst’s risk box. If you are a trader who is running tight stops, then the invalidation lies just under $0.12982. This limits your risk. downside to roughly twelve-and-a-half cents while keeping the full upside open to a $0.40000–0.48527 liquidity void shaded in emerald green. “If you want a defined risk for a defined reward,” Astronomer is added “a long as presented also makes sense.”
Related Reading
Technically, the structure mimics that in October 2024. DOGE had a base of $0.10, ignited with rising volume and peaked at $0.48527 four weeks later. “Last time we left the range mindset was October ‘24 and we bought DOGE at 10 c,” The analyst reminds readers. “It pulled a 5x before retracing for what IMO now has become a higher low.”
The chart shows that the projection is for a choppy sideways movement of one to two month within the grey band which caps around $0.175, then a staircase move into the lower $0.30s, and finally a test in the fall on the pivot point set up last December.
Related Reading
The old high is unpierced by any of the arrows drawn on paper, proving that the thesis does not rest upon it. price discovery—only on a mean-reversion to the last heavy supply node. “Given this is an altcoin and expectations are likely beyond $0.5, having heavy spot bags already pays for little risk,” He wrote. “They still may take time and take off slower than BTC, but the RR IMO will be higher.”
As ever, confirmation will come—or fail—on the tape. The setup would be invalidated if the two-day settlement was below $0.12982. A close under $0.12982 will invalidate it and open the 10-cent handle. Astronomer’s Call is based on the assumption that Bitcoin bottoms Ethereum is the first to follow. “one by one, alts bottom out through cyclical timing, sentiment, and their respective POIs.” He claims that Dogecoin ticked all the boxes.
As of press time, DOGE was trading at $0.173.
Featured Image created using DALL.E and chart from TradingView.com
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
