If you're a Gann student you would know that time is the most important factor w/r/t to market cycles.
Welcome to an unique analysis of Dogecoin's price patterns utilizing the Gann Planetary Angles. This weekly chart analysis stretches back to 2014, and uncovers a significant pattern which could signal an impending bullish trend for the much-loved meme cryptocurrency.
This analysis employs Gann's planetary angles, specifically Uranus, as a predictive tool. Uranus, in this context, influences the angles plotted at three significant highs of Dogecoin. The angles reflect the price-to-longitude relationship with Uranus; for every 1 degree of Uranus movement, the angle changes according to selected price scales - in this case, 0.1, 0.2, and 0.3.
What stands out from the chart is a recurring pattern. When the price action surpasses the 0.1 angle (represented by the yellow line), it enters a "pre-breakout" phase, often signaling the later phases of an accumulation schematic before an ensuing mark-up. This pattern has been witnessed at the previous two highs and could serve as a powerful indication of future price movements.
Based on this Gann planetary angle analysis, the prediction is that Dogecoin may be on the verge of a significant uptrend, contingent upon the price action breaking above the current yellow 0.1 angle. Should this historic pattern repeat itself, we could witness a new high by August 2024. The profit target is set at a minimum of $2.27
DOGEUSDT
DOGEUSD
DOGEUSDT
Welcome to an unique analysis of Dogecoin's price patterns utilizing the Gann Planetary Angles. This weekly chart analysis stretches back to 2014, and uncovers a significant pattern which could signal an impending bullish trend for the much-loved meme cryptocurrency.
This analysis employs Gann's planetary angles, specifically Uranus, as a predictive tool. Uranus, in this context, influences the angles plotted at three significant highs of Dogecoin. The angles reflect the price-to-longitude relationship with Uranus; for every 1 degree of Uranus movement, the angle changes according to selected price scales - in this case, 0.1, 0.2, and 0.3.
What stands out from the chart is a recurring pattern. When the price action surpasses the 0.1 angle (represented by the yellow line), it enters a "pre-breakout" phase, often signaling the later phases of an accumulation schematic before an ensuing mark-up. This pattern has been witnessed at the previous two highs and could serve as a powerful indication of future price movements.
Based on this Gann planetary angle analysis, the prediction is that Dogecoin may be on the verge of a significant uptrend, contingent upon the price action breaking above the current yellow 0.1 angle. Should this historic pattern repeat itself, we could witness a new high by August 2024. The profit target is set at a minimum of $2.27
DOGEUSDT
DOGEUSD
DOGEUSDT
Comment:
Check out the indicator here:
Comment:
It's just a matter of time...
Comment:
I confirm based on volume and Wyckoff. Here are my labels that I believe are accurate with respect to the accumulation range. Also, I like that Doge is above the 50% natural level from the extreme low on June 22'
Comment:
Current Market Analysis:
We are 51 days past the previous swing high in Dogecoin's price action; an important timeframe worth considering is the 60-day mark. With respect to Gann's theory, this period is significant for watching for a potential change in trend.
Observing the "Green" Gann fan anchor in the prior swing low, we notice that the price action has broken through the 1x1 angle as it coincides with an order block where we've already seen some order mitigation.
The price action unfolds into a Wyckoff schematic with a pending determination as to whether it's a reaccumulation or distribution, characterized by a selling climax, an automatic rally (AR), a secondary test, and an Upthrust. I will be keeping a close eye on this schematic as it develops.
As we edge closer to February 5th, a 'Gann day,' we anticipate this date could also mark a change in trend. This is particularly significant given the current phase in the Wyckoff schematic.
Dogecoin's price action currently sits above the 50% natural level from its extreme low back in June 2022. In Wyckoff context, if we're to witness a spring, it's likely to occur around or just below this 50% level, possibly finding support on a 3x1 green angle of the "Green" Gann fan.
From a strategic standpoint, I'm cautious about entering a long position until there's a confirmed cross and retest of the red 1x1 downward Gann fan anchored from the previous swing high. The declining volume trend further reinforces the lack of determined sellers and provides grounds to anticipate a spring phase.
Current Market Analysis:
We are 51 days past the previous swing high in Dogecoin's price action; an important timeframe worth considering is the 60-day mark. With respect to Gann's theory, this period is significant for watching for a potential change in trend.
Observing the "Green" Gann fan anchor in the prior swing low, we notice that the price action has broken through the 1x1 angle as it coincides with an order block where we've already seen some order mitigation.
The price action unfolds into a Wyckoff schematic with a pending determination as to whether it's a reaccumulation or distribution, characterized by a selling climax, an automatic rally (AR), a secondary test, and an Upthrust. I will be keeping a close eye on this schematic as it develops.
As we edge closer to February 5th, a 'Gann day,' we anticipate this date could also mark a change in trend. This is particularly significant given the current phase in the Wyckoff schematic.
Dogecoin's price action currently sits above the 50% natural level from its extreme low back in June 2022. In Wyckoff context, if we're to witness a spring, it's likely to occur around or just below this 50% level, possibly finding support on a 3x1 green angle of the "Green" Gann fan.
From a strategic standpoint, I'm cautious about entering a long position until there's a confirmed cross and retest of the red 1x1 downward Gann fan anchored from the previous swing high. The declining volume trend further reinforces the lack of determined sellers and provides grounds to anticipate a spring phase.
Comment:
Here's another aspect to focus on: "low-to-low" time periods, as shown in the chart where these are marked in red. These time periods are also aligned with my version of the square of nine indicators, displayed in the chart's top right corner. Making it easier to see where the historical time periods and how they align with the So9. The dark red squares in the square represent the historic low-to-low periods, and the yellow squares point to potential trend changes on specific days, like 30, 60, 90, etc.
A key observation is the clustering of red squares in the same area on the bottom half of the cardinal cross, dating back to 2022. This indicates we may be approaching a potential low as we approach 117 days & the bottom of the Cardinal Cross where historic lows have pivoted from.
I want to extend a big thank you to everyone who has supported and boosted this post, which is now reaching over 1,700 viewers. I appreciate it and will continue to provide updates on this chart. Stay tuned!
Here's another aspect to focus on: "low-to-low" time periods, as shown in the chart where these are marked in red. These time periods are also aligned with my version of the square of nine indicators, displayed in the chart's top right corner. Making it easier to see where the historical time periods and how they align with the So9. The dark red squares in the square represent the historic low-to-low periods, and the yellow squares point to potential trend changes on specific days, like 30, 60, 90, etc.
A key observation is the clustering of red squares in the same area on the bottom half of the cardinal cross, dating back to 2022. This indicates we may be approaching a potential low as we approach 117 days & the bottom of the Cardinal Cross where historic lows have pivoted from.
I want to extend a big thank you to everyone who has supported and boosted this post, which is now reaching over 1,700 viewers. I appreciate it and will continue to provide updates on this chart. Stay tuned!
Comment:
If you've been following this thread, you're aware of the specific dates I've been eyeing for a potential change of trend, particularly around Feb 4-5 and also 60 days past the prior swing high. Observing the recent developments, it's clear that price action has evolved over a key angle the downward "red" 1x1 angle. I'm closely monitoring price action here and looking for an increase in volume and possibly a retest of the 1x1 as I mentioned in a past update.
FYI: The color-coded backgrounds represent the week of each Gann day throughout the year, a feature of a personal indicator I've built called "Trade on Knowledge." This is one of many features of this indicator that I'm planning to release this year.
If you've been following this thread, you're aware of the specific dates I've been eyeing for a potential change of trend, particularly around Feb 4-5 and also 60 days past the prior swing high. Observing the recent developments, it's clear that price action has evolved over a key angle the downward "red" 1x1 angle. I'm closely monitoring price action here and looking for an increase in volume and possibly a retest of the 1x1 as I mentioned in a past update.
FYI: The color-coded backgrounds represent the week of each Gann day throughout the year, a feature of a personal indicator I've built called "Trade on Knowledge." This is one of many features of this indicator that I'm planning to release this year.
Comment:
This past week was 144 weeks since ATH. A potential time vector to anticipate significant moves. One of Gann's favorite count and a Fibo number.
This past week was 144 weeks since ATH. A potential time vector to anticipate significant moves. One of Gann's favorite count and a Fibo number.
Comment:
Some resistance @ 150% from the extreme low in 22'. Squeeze release on the daily Bollinger. Thanks for everyone's support. This thread accurately walked through the prior retracement better than any post, chart, or video I've seen using only leading indicators and Gann methods.