Reasons for trust
Strict editorial policy focusing on accuracy, relevance and impartiality
Created and carefully reviewed by industry experts
The highest standards for reporting and publishing
Strict editorial policy focusing on accuracy, relevance and impartiality
Morbi Pretium Leo et nisl aliquam Mollis. quisque arcu lorem, super quisque nec, ullamcorper eu odio.
Cantonese Cat, which aired on June 15, was first live in a few weeks, dedicated to Dogecoin’s long-term structure, and the benefits he still sees from experienced technicians. In his words, “It’s still a cup, it’s still a handle,” if the formation is done, he hopes the meme gun will be interrupted “from $5 to $8 to $8”. He added that the goal is laid out by the intersection of the monthly gan arc and Fibonacci expansions, which have dominated Dogecoin’s entire post-2020 advance payments.
Dogecoin price may reach $8
Analysts start by stripping the charts into monthly time frames and cutting off short-term chaos. He noted that Dogecoin has tested the lower boundary of Ichimoku Cloud, coiling underneath it despite failing to “penetrate through the monthly cloud” on the first attempt. “Even if it’s sideways for another month or two, it’s going to go into Ichimoku Cloud one way or another, you can push up like this, or you can walk in and go into the cloud,” he said. In both cases, the tenor is still constructive because the price “forms higher highs and higher lows.”
Related Readings
The core of his conviction is the simple moving average of 20 months, which he believes is the spine of every major dog cattle cycle. During the manic run in early 2021, the price action “rided for 20[-month SMA] “Go up” without destroying it once; when the moving average eventually fails, a bear market follows.
Today, Dogecoin sits on the top of the same level. “It seems we can use it as support,” he believes. His support zone (currently just below the handle) is twice as much as what he calls the “buy zone” that long-distance traders call. The analyst himself “buyed more gin over the last 4-5 days”, he revealed through X.
Since April, Cantonese Cats have also talked about the coin’s lethargy, insisting that this compression is constructive rather than dangerous. He noted that Dogecoin grinding under a 0.5 log scale backtrack throughout 2021-2022, which he saw as “accumulating some energy.” He believes that the longer the coil is, the larger the expansion will eventually be, provided that the higher time frame moving average remains intact.
Related Readings
Amid audience pressure on timing, analysts refused to post schedules and reminded his audience that it would almost certainly fit with the wider Alt season. However, he did re-enter the Ichimoku cloud instantly as the “green light” for acceleration. Once this happens, the measured moving targets and GAN ARC intersections of the cup and handle converge in the $5-8 area – the level will represent the new all-time high and provide a return of about 3,000-5,000% over the current price.
“Anything closer to the twenty-one moving average is a good area,” he concluded. He warned newcomers not to pursue sudden green candles, but to accumulate methodically, while the charts remain “boring.” This means it is obvious: dogs’ dormancy may be the last waver before the biggest impulse in the cycle, and those who ignore calm may indeed “sleep on this chart with regret” and only if the Cantonese cat track of structural signals falls into place.
At press time, Doge’s trading price was $0.177.
Featured Images created with dall.e, Charts for TradingView.com
