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The latest market structure for Dogecoin “is much better than previous markets”, according to Keven, a well -known encryption technician on X and YouTube as Kev_capital_ta. In a video released on Friday, the analyst appointed the three historical courses of Dogecoin, and concluded that the current collapse of features caused by mechanics puts a long-term long-term extension in the long term at $ 3.80-3.90 dollars “on the table on the table”-one key case is presented: Bitcoin should continue to rise.
“Two consecutive sessions, Dogecoin has a 1.618 FIB extension”, Kevin male Viewers. “We are here in the third session … We have evidence that it has occurred 100 % of the time. It’s only two points for data, so that it cannot easily happen this time.”
Why $ 3.80 for each Dogecoin possible this course
On the weekly registry graph, Kevin follows the first supercoin-expanding domain, decreased in the middle of the cycle, and the top explosion-decreased in an extension of 1.618. The second session repeated the pattern, but “Elon Marsakat Sateth Knight Live Hij” might exceed the fiber goal to euphoria.
He said that the third session today appears to be more healthy: The successive breakthroughs and the back tests of the bear market group have carved an ascending channel from the highest high levels and the upper declines on which the EMA/SMA group is based for 200 weeks. “This structure looks good for me … erupted, rear tests in 200s, make textbooks low-it’s a higher textbook.”
On the monthly graph, the relative strength index is “just a low-level power of higher levels, still below the area from 80 to 90 that crowned the previous cycle. Kevin also informed a v-shaped v-shaped in RSI monthly-which is a sign” must provide the momentum we need to get a higher durable operation “once the twentieth line crossed.
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Market encryption readings for two weeks show three years of momentum gradually stronger and money flow flows. “These are big things,” he said, as it is in every expansion. “The momentum presses and builds to the extent that it is, well, it’s time to launch it.”
He added that the fresh RSI Cross for two weeks is historically preceded by “Bang, Move Big Move”, which means that after the next half can enter the upcoming Dogecoin leg.
For traders who were installed in nearby horizons, Kevin highlighted a Macro’s golden pocket that extends from $ 0.26 to $ 0.285, which is reinforced by 200-SMA at $ 0.27. This region stands from the developing bull that targets its measuring movement 0.32-0.33 dollars. This pattern was launched from the accumulation of the head and the reverse shoulder at $ 0.15, which is the level of “accumulation strongly”, which is now approximately 60 %.
He warned, “Treat the resistance as a resistance so that no.” However, he sees “dangerous signs” that hegemony has printed a local summit of 65.45 %, a opening room for rotating in specializations such as Ethereum, Bossi, Dogecoin.
This should happen
If the bitcoin fading and the conditions of the kidneys-inflation, and fixed employment data, and facilitating possible federal-supporting federal reserves, the “main target” in Kevin is the highest level in the year 2021 ever. A decisive break there will turn the eyes to the course of 1.618 near $ 3.80.
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He said: “I will be shocked at this stage if we do not go to this level,” while stressed the achievement of disciplined profits: “There is nothing worse than riding the step throughout the way and not taking the profits.”
Kevin rejected the wild predictions of $ Six and seven dollars on social media, but he insisted that Dogwin worth 3 dollars “is completely possible” if Bitcoin paid about $ 200,000, the ends of quantitative emphasis, and the Allwlown Clownnn season.
The analyst noted that Dogecoin is still “one of the most popular cryptocurrencies on this planet.” When the retail sale, it always accumulates to Dogecoin. “This is the psychological feedback ring, along with a structural ascension and improvement of momentum, supports his conviction that the MIMON can restore its role as a pioneer of the wider altcoin.
Whether the market provides the necessary macro wind is the wild. But Kevin’s message was unambiguous: at the present time, the technical fabric of Dogecoin draws a reliable path to $ 1, and a $ 3.80 sign “possible – if Bitcoin is carrying the ground and the peach macro remains.”
At the time of the press, Dog was traded at $ 0.243.
Distinctive image created with Dall.e, Chart from TradingView.com
