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Dogoin weekly structure is again talking about Crypto-TIRTTER after the artistic cantonian cat, Cantonmeow Published Fibonacci Fibonacci Road Map for the fourth bull of Mimi Quinn. The graph, which was built on TradingView and shared on July 13, proves a full range of 2021-2022 and projects for both levels of horizontal decline and upward fibrous channels, providing a range of granular goals.
Dogecoin to $ 23?
On Friday, Dog changed on Friday near $ 0.20, almost approximately against the retreat line 0.5, highlighted on the drawing at $ 0.19049. The overlapping shows the compression of the prices within a three -year -of -up canal that has provided the lower railway since the surrender of June 2022. The fluctuation has faded within this corridor, which constitutes an expanded wedge that respects so far every cut of golden proportions printed on the graph.
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The horizontal network of cantone cats begins with the floor of the course – IB 0 at $ 0.04909 – and swings through a dense set of intermediate resistance: 0.618 at $ 0.26232, 0.707 at approximately $ 0.33, $ 0.786 at 0.41368 dollars and 0.886 USD at $ 0.54253. The 1.0-Machoin’s May 2021 Macho-Mach line is installed at $ 0.73905 and forms the upper limits of what the analyst calls the “first liquidity wall”.
Above it, the blue extensions extend beyond the maximum of the previous cycle: 1.272 at 1.54518 dollars, 1.414 at 2.27089 dollars and 1.618 at $ 3.94842. The outlook of the session appears at 2.0 (11.12397 dollars) and the 2.272 extension of the title at 23.25744 dollars-the trading itself includes “purely unprecedented imagination Liquidity flows in.”
Diagon’s golden channels via the entire fabric plate translate the same proportions into time support and dynamic resistance. The internal bars have been delegated 0.236 and 0.382 over and over again Simple gatherings since mid -2012, while 0.5 Qatari is now working as a turning point under the instant price.
The current weekly candle is achieved in these railways from above, separate echoes for the analyst Ichimoku offer This “is still under the resistance of Tenkan” and “is likely to close the week about 20 cents, then fought on another day to move to the resistance later. I don’t think we will succeed this level in his first attempt.”
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Long -term background that keeps strategic construction cats visible on the two -month graph. There, Duj printed what was described by his colleague @Manehattanstonk as “Rising Three Methods” – a continuing bullish pattern mentioned by Cat Cat Cantoneese “besides XLM”.
It seems that the dynamics of size support the thesis: In another post, the analyst calls the last sale “compassionate” and argues: “Who sells Doug? No one is important. Selling the compassionate folder. All it takes is just a size and this thing will come to the moon.”
Whether this pump can real realistically reach an extension of 2.272-next to the goal full of Mimi of $ 23-the question that raised the thread. The Kantonian cat’s answer is explicit: “I don’t think it will reach $ 23 in this session.” The comment confirms his broader view that Fibonacci’s expectations, although sporty elegant, are ultimately hostage to liquidity conditions that no one can predict.
The $ 3.94 region – which is determined by a 1.618 Fibonacci extension – is a reliable bullish goal. Analyst Kevin notes that In every previous bull sessionDogecoin ultimately leads to this particular extension.
At the time of the press, DOGE was traded at $ 0.20575.
Distinctive image created with Dall.e, Chart from TradingView.com
