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Bullish
Ready To Rocket? Dogecoin Chart Suggests Big Gains
The DOGE/USDT daily candlestick chart shows 10 days of downward price activity. Dogecoin has fallen 35% from $0.4843 to $0.32 in recent days. The most recent candle is a lengthy black (bearish) bar, indicating strong selling pressure that drove prices to $0.3200.
Martinez's observation centers on the TD Sequential, a popular technical technique among traders. Market technician Tom DeMark created the TD Sequential to identify price exhaustion and trend reversals. It operates by counting successive candles in one direction.
The indicator usually tracks nine successive bearish or bullish candles. When a count of nine occurs during a decline, it may signal a bullish turn—a “TD9 Buy Signal.” Nine straight higher closing in an uptrend may indicate a bearish reversal.
In longer setups, the indicator can count to 13, providing more confirmation, but traders usually focus on the “9” indication. TD9 has flashed on this Dogecoin chart, indicating that the daily downtrend may be hitting a buyer interest point. After a “9” candle, the sequence repeats at “1,” which may indicate a bullish setup if the candles confirm the reversal.
Prices to Watch
The daily chart's 0.382 Fibonacci retracement level at $0.313 is the most important support zone. If buyers follow the TD9 signal, daily closes above this level could boost bullish momentum. Any rebound attempt will likely face early resistance around $0.3400, the downtrend line. A decisive breach above this (black) level may confirm the trend reversal.
While more difficult, reclaiming territory in the $0.4000 range (0.5 Fibonacci level at $0.395) would indicate that Dogecoin has recovered. Overall, Dogecoin is vital. The TD Sequential's “buy” setup doesn't guarantee rapid upside, but it has historically signaled trend exhaustion.
If bulls take advantage of this signal, Dogecoin may recover to mid-range resistances. Failure to hold $0.3100 may prolong the downtrend.
#DOGE #MarketPullback #TrumpCryptoOrder #USTaxExemptionPlan $DOGE
The DOGE/USDT daily candlestick chart shows 10 days of downward price activity. Dogecoin has fallen 35% from $0.4843 to $0.32 in recent days. The most recent candle is a lengthy black (bearish) bar, indicating strong selling pressure that drove prices to $0.3200.
Martinez's observation centers on the TD Sequential, a popular technical technique among traders. Market technician Tom DeMark created the TD Sequential to identify price exhaustion and trend reversals. It operates by counting successive candles in one direction.
The indicator usually tracks nine successive bearish or bullish candles. When a count of nine occurs during a decline, it may signal a bullish turn—a “TD9 Buy Signal.” Nine straight higher closing in an uptrend may indicate a bearish reversal.
In longer setups, the indicator can count to 13, providing more confirmation, but traders usually focus on the “9” indication. TD9 has flashed on this Dogecoin chart, indicating that the daily downtrend may be hitting a buyer interest point. After a “9” candle, the sequence repeats at “1,” which may indicate a bullish setup if the candles confirm the reversal.
Prices to Watch
The daily chart's 0.382 Fibonacci retracement level at $0.313 is the most important support zone. If buyers follow the TD9 signal, daily closes above this level could boost bullish momentum. Any rebound attempt will likely face early resistance around $0.3400, the downtrend line. A decisive breach above this (black) level may confirm the trend reversal.
While more difficult, reclaiming territory in the $0.4000 range (0.5 Fibonacci level at $0.395) would indicate that Dogecoin has recovered. Overall, Dogecoin is vital. The TD Sequential's “buy” setup doesn't guarantee rapid upside, but it has historically signaled trend exhaustion.
If bulls take advantage of this signal, Dogecoin may recover to mid-range resistances. Failure to hold $0.3100 may prolong the downtrend.
#DOGE #MarketPullback #TrumpCryptoOrder #USTaxExemptionPlan $DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.