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Editorial policy rejection that focuses on precision, relevance and impartiality
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The cryptocurrency trader Josh Olszewicz-Teglio known to the bathers with his handle @CarpenoCtom-he took the old adage “sell in May and go away” and gave him a canine turning point. On Monday he published an ICHIMOKU graph of one day of Doge/USD Timbrato on April 28, 2025, adding the joke: “Doge in May and go away?” Behind the word game there is a price map that highlights the market brand area while the meme coin moves towards the seasonally difficult month of May.
Sell dogecoin in May?
Olszewicz notes the action based on February-April with the classic letters Shs?, Marking a reverse potential to the head and shoulders. The left shoulder was formed in mid -March just above $ 0.14; The head has increased to around $ 0.13 on April 7; The market is now outlining for a lower right shoulder near $ 0.17-0.18.
A duo of outlined trend lines defines a downhill slide uphill that currently intersects the price axis in the $ 0.185-0.195 area. A daily closure above that band would validate the reversal model; The measured-mrove lens, conservatively from the head ($ 0.14) to the neckline ($ 0,185), implies the rise towards $ 0.23. The white reference line traced to $ 0,28181 marks a previous horizontal supply shelf, not surprisingly, the projection in mid-June of the resistance of Senkou-Span-off by a secondary target if the model takes place in full.
Reading Reading
The graph also uses modified Ichimoku settings (20, 60, 120, 30), widening the goal to adapt to the volatility of the crypt. At the closure of Monday’s Dogecoin is located at $ 0,17533, stuck between a growing tenkan-session at $ 0.16471 and a flat kijun-shane at $ 0.18593. The price below the base line maintains the long -term signal signal, but the tenkan that runs under the price suggestions with short -term momentum.
Thirty periodicals projected forward, the cloud itself is reduced with its lower limit (Senkou Span a) starting from $ 0.20825 and the upper border (Senkou Span B) dish at $ 0.31392.
In other words, even a climbing break would have delivered Dogecoin directly to an $ 0.21-0.31 supply area that has closed each rally since the beginning of January. The bulls then face a two -phase job: first recover the neckline and Kijun, then chew through a profound protrusion of a month of refueling inside the Kumo.
Reading Reading
The riffs of Maxim Olszewicz- “sell in May and go away”-did from the secular seasonality in actions, warning weak summer performances. By replacing doge for sale, floating the opposite idea that the dog’s same coin itself could be the activity towards which investors walk, not far from, in a traditionally lethargic period. Technically that thesis depends on the bulls that force a breakout in the opening weeks of May, before the neckline goes further and the cloud thickens.
Otherwise, he would have left the model not confirmed, maintained the price imprisoned under the Kijun and would preserve the prevailing trend that began with the burst of January above $ 0.48. The support then rests first at Tenkan ($ 0.165), with the Capitlation of March near $ 0.14 as a final line in the sand.
At the time of the press, Doge exchanged $ 0,178.
First floor image created with Dall.e, graphic designer by tradingview.com