Dogecoin's stunning repetitive pattern.

POLONIEX:DOGEBTC   Dogecoin / Bitcoin
The coin that started out as a joke out of the Shiba memes has shown incredible strength and consistency throughout the years and in particular the current bear cycle.

A more careful look at the DOGE/ BTC 1W chart, we can easily observe a stunning repetitive price action. This pattern drives the price to the Resistance zone with a frequency of 8 to 12 months, only to pull it back down to the Support zone . The rises to the highs (green candle sequence) are normally strong and quick, while the declines (red candle sequence) are slower. The similarities of the duration of each cycle as measured by the High - High distance are also shockingly identical. Just take a look at the bar measurements.

The last time a rise was observed was in August 2018 (second no 3 sequence) taking the pair two months to reach its high. As suggested by the pattern, the inevitable crash followed, which is not yet complete. Despite the up move since late November, the price should resume the downtrend towards the 0.00000035 - 0.00000028 Support zone and then rapidly rise towards the 0.00000120 - 0.00000137 Resistance zone .

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Nice trend spotting
+2 Reply
InvestingScope GustavoBrucestavo
@GustavoBrucestavo, Thank you!
Stablecoin of crypto.
+1 Reply
I don't think you know what consistency means :D
+1 Reply
Maybe if BTC goes to 7200 USD ish we will see a 28-35 scenario, could this be a BTC indicator?
+1 Reply
@ikdy, It is indeed a strong probability.
The Pamp coin
Will show growth as always this coin. Good for trading.
Doge is the new Ether.
ahah crazy, I just finished my own analysis, and conclude that the next pic will be April 22 ahahaha :)
I will be ready to buy at the begining of march !
Maybe we are reaching Resistance 4 before falling to support again.
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