8.22 Brother Tian #DOGE 4-Hour Chart Analysis: The Path to Breakthrough Under Long and Short Stalemate

Patterns Intertwined, Intense Long and Short Competition

From this DOGE/USDT 4-hour perpetual contract candlestick chart, the recent trend of Dogecoin shows a complex situation of long and short competition. The price is caught in a range oscillation pattern under the dual influence of the upward trend line (yellow) and the descending triangle (blue).

In terms of the moving average system, EMA20, EMA50, and EMA100 are entangled, indicating that the market's long and short forces are temporarily balanced in the short term, and the direction remains unclear. In the MACD indicator, the DIF line and DEA line hover near the zero axis, and the length of the histogram fluctuates, further reflecting the market's hesitation.

Key Points Establish the Situation, Breakthrough Imminent

In the subsequent market, the upper boundary line of the upward trend line and the descending triangle becomes a key dividing line for long and short positions. If the price can effectively break through the upper boundary line of the descending triangle (roughly around 0.22), accompanied by an increase in trading volume, then Dogecoin is expected to initiate a wave of upward momentum, with resistance levels to watch near previous highs. Conversely, if the price falls below the upward trend line (around 0.20), it may trigger a new round of declines, with support looking towards the purple horizontal line area.

Operation Suggestion: Be Patient and Follow the Trend

For investors, in the current situation of unclear long and short positions, it is advisable to remain patient and not to enter blindly. Conservative investors can wait for the price to clearly break through key points before making a move in the direction of the trend. Aggressive investors who wish to attempt to position can trade lightly near key points, but it is essential to set stop-loss orders, for example, below the upward trend line or above the upper boundary line of the descending triangle, to control risk and avoid significant losses due to market uncertainty. @天哥说趋势