The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Football price for lion and players soft. All Arcu Lorem, Intrimies, any children or, ulamcorper, hate football.
This article is also available in Spanish.
It was Dogecoin Trading in a narrow range recently, With the increasingly narrowing price movement during the past few days between $ 0.15 and $ 0.16. This growing range is increasingly more than a broader negative unification step since the beginning of April, which has created a triangular style on the time frame scheme for 4 hours.
Related reading
As DOGECOIN is trying to recover from the previous losses in April, and low points above the back of the growing upward activity can be sent over the upper direction line of the triangle style Next week.
The analyst notes that the classic market is not declining
Tardigrade merchant dealer He caught attention recently To the current price of Dogecoin in a joint publication on the x social media platform, referring to the composition of a close triangle that reflects the lack of hesitation in the market.
According to his analysis, the DOGECOIN price procedure has moved from a clear decline (visible throughout late March and extends to the first week of April) to a unification state that continued during the past two weeks.
Given the formation of the resulting triangle on the time frame scheme for 4 hours, it is easy to conclude that both buyers and sellers exercise caution. Buyers are reluctant to enter higher levels, while sellers seem unwilling to push prices to a decrease, creating a narrowing of price procedures since April 15. The result is the pressure of fluctuations, which may explode in either direction.
image From x: Trader Tardigrade
What comes after the frequency stage?
As described in the DOGECOIN price scheme above, Memecoin is now approaching the triangle. In this particular case, the structure tends Towards upward collapse, With market behavior showed signs of upbringing of the upward pressure below the surface, an increase of 2.77 % in the trading volume during the past 24 hours.
Trader Tardigrade expected an emerging trend that eliminates the declining trend in late March, following the classic style of discharge, frequency and the resulting emerging translation.
The strong upholstery candle that closes over the top direction line of the triangle is important to verify the authenticity of the expected upward trend. Trader tardigrade shows that if such a step occurs, Dogecoin can restore $ 0.20 Within a relatively short time frame before the end of the month.
Dogecoin opened April at $ 0.166. As such, the clean bullish collapse is followed by a constant closure over $ 0.20 that would represent the positive completion of Dogecoin in April.
Related reading
This positive monthly closure is likely to affect the morale of the market that is heading to May and may call for an increase in the purchase activity. It will also help confirm that The last period of landing End and help re -create an upper structure.
At the time of writing this report, Dogecoin was trading at $ 0.1573
Distinctive image from 21shares, tradingView graph
The post Dogecoin Price Squeezes Into Triangle With Breakout Closing In first appeared on Investorempires.com.
