Dogecoin (Doge) is pressing in a technical inflexion which, according to the independent Cantonese cat (@cantonmeow), will conclude the current recovery “in 2 months” or will extend in an advance of the third wave around about $ 2. “Either the cycle is over in 2 months, or it will go to what I think is probably Wave 3 target at $ 2 (1,618 of wave 1), he wrote” The analyst on X, sharing a three -tank package focused on the weekly Ichimoku profile, a daily trendy break and a daily trend break and a more years of fibonaci.
Collapse of the dogecoin cycle or wave from 3 to $ 2
During the weekly period, Doge is mistaken about $ 0.27 and tries to return to the ICHIMOKU cloud from below. The ICHIMOKU reading published shows the key levels grouped just above: the Tenkan/Kijun pair is located in the mid-area of $ 0.22 in Mid- $ 0.25, while the forward span is based on the cloud with a higher limit near $ 0.2969.
Reading Reading
The annotation of the graphic designer: “Doge says that it is raining out and wants to return to the weekly cloud of Ichimoku” – the recoveries that the bulls first need a decisive closure within the cloud body and then through its top, with the ~ $ 0.30 area that acts as an immediate weekly resistance. A weekly acceptance above the Cloud Top would mark a movement of the neutral/resistance regime to the conditions of support to the terms of Ichimoku; The failure would maintain the price blocked under a heavy ceiling.
The daily accompanying diagram isolates the structure within that wider configuration. A long line of descending trend driven by the maximums of the end of 2024 is shown that it breaks up in the end of Q2, with the subsequent price action that pulls back to repeat the line again the broken line in half $ 0.24- $ 0.25 and rebounding at $ 0.27.
That sequence-breakout, revision, keeps the short-term constructive prejudice until the price remains above the recovery trend line and the oscillating area of the end of September around $ 0.24. The analyst added “Dogge Daily – no update”, which implies the daily structure remains intact and unchanged by the outbreak and the test.
The third chart frames the largest roadmap via fibonacci measures taken from the multi -year base. The portrait lines labeled position 0.236 at $ 0.0843, 0.382 to $ 0.1177, 0.500 to $ 0.1542, 0.618 to $ 0.2021 and 0.786 at $ 0.2968, with the “1.0” marker at $ 0.4844.
Reading Reading
Above this, the extension objectives transmit to 1.272 ($ 0,9029), 1.414 ($ 1,2497) and 1.618 ($ 1,9934). These levels align with the aim of “wave 3” declared by the analyst near $ 2, simultaneously highlighting the meaning of the ~ $ 0.30 band: coincides with the weekly top cloud and the 0.786 retracement.
A clean move through $ 0,2968– $ 0.30 would therefore open the route to the pivot 1.0 at ~ $ 0.4844. On the contrary, the refusal under $ 0.30 maintains doge trapped between the lower part of the cloud and the daily support, with $ 0.2021 (0.618) the next main fibonacci support if the $ 0.24- $ 0.25 shelf.
In short, the two -way shot of the analyst is anchored in clearly defined technical gates. The upward case requires weekly acceptance in – and then outside – the cloud Ichimoku, led by a ~ $ 0.30 break and progression towards the marker of $ 0.48 “1.0” and the $ 0.90– $ 1.25 extension band in view of the projection 1.618 at ~ $ 1.99.
The interpretation of the downside or the “cycle made” would be reported by the failure to maintain the daily trend line and a slide up to $ 0.24 towards the confluence of $ 0.20 – $ 0.21 around the portrait 0.618. For now, Doge is located at an average range at around $ 0.27, with the cloud top at $ 0,2968– $ 0.30 which acts as the next decisive test.
At the time of the press, Doge exchanged $ 0.26.
First floor image created with Dall.e, graphic designer by tradingview.com