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In an analysis of videos published today, the cryptomiso crypto known as Cantonese Cat (@cantonmeow) presented a multiple frame bullish case for Dogecoin, arguing that the asset is entering an important third cycle with technicians who align for a rest and multiple objectives, the key levels of resistance provided. “I am extremely optimistic with Dogecoin. I will not be shy about it,” he said, adding that the current progress looks “much healthier than the last cycle.”
Dogecoin Breakout could surprise bears
The Cantonese cat frames the landscape first in the monthly table, where the 20 -month mobile average has historically alternated support for support in the main inflection points. In his opinion, Dogecoin is now “with the 20 -month mobile average and is taking a little gradual approach on the road here, forming higher and higher highs.”
He also points out a quiet re -entry in the Ichimoku cloud through consolidation instead of an impulse of displacement: “We are currently entering the Ichimoku cloud here very silently simply by going sideways. This is a rupture of the cloud and this is optimistic about what is concerned.”
Structurally, it characterizes the cycle as a classic sequence of base construction. “It looks like a great giant cup with a handle,” he said, emphasizing that the mango becomes in relation to a technically “reasonable” depth. With applied Fibonacci overlays, notice that the recoil reached the setback of 0.382, consisting of constructive digestion, half of the cycle, before the price resumes the trend. In more general terms, he argues that Dogecoin has been respecting Fibonacci pivots in an orderly cadence of trend: “Basically, you are taking three steps forward, two steps back. This is a very healthy bull trend until proven otherwise.”
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Within the weekly term, it points out the confluence of the simple mobile average of 20 weeks and the 21 -week exponential mobile average, the “band” of many cryptography merchants, as now acts as an apartment instead of a roof. “You also broke over the resistance of the support band here and you sink the support. That is not something bearish here at all,” he said.
Ichimoku’s baseline, in his words, has defended “about 20 cents … very, very well for a long time”, while the average of 20 weeks is “huddled”, even more reinforcing the opinion that the impulse leans tiltled. It also marks a “double background” and a successful subsequent test of the breakdown area that, together, leave it waiting for the upward resolution: “I think the break is probably imminent whenever it happens.”
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The Cantonese CAT underlines the alignment of Multi Time Frame as a key. According to its reading, the mobile average of 20 periods has been recovered in the daily lists, two days, three days, weekly and monthly. The main short -term warning is tactical: an “impulsive movement” has pushed the price “outside the 12 -hour bullish band”, which believes that the current pause explains. It also recognizes a diagonal resistance line that may be experiencing a background test, but does not see it as the thesis.
Doge Price objects for this cycle
When your own audience presses for destinations, it distinguishes between conditions and objectives. He argues that the last cycle meets an extension of logarithmic fibonacci 2,272 is unlikely to be repeated textually. This time, sees extensions 1,272, 1,414 and 1,618 as more realistic markers: the levels are assigned to approximately “$ 1.50, $ 2.27 and perhaps about $ 4”.
But it emphasizes the dependence of the road: “Those will be the requirement that some of these higher objectives are met” only if Dogecoin can first eliminate the deep setback band in this cycle. “We need to break over 0.786 and 0.86 this cycle,” he said, adding that “one level at the same time, $ 0.41, $ 0.54, we need to break those who really before being able to try to entertain some of these … larger than the objectives in dollars.”
As for the time, it is explicit about uncertainty even when the direction reiterates. “All I can say is that Dege is probably ready for a great movement over the next few weeks. I don’t know when exactly that will happen, but I am quite optimistic in Doge,” he said. He warns against forcing precision in the calendar: “I never do any option with a short date … I do not like to play with 3D chess and be limited by time,” and instead describes a systematic accumulation strategy that has bought higher minimums successive: “The market seems to continue giving me these higher minimums to buy elves. I will not say no.”
The analytical line is that the rise of this cycle is measured more than the previous one, with integrity of trends, higher and higher high ups and faster, mobile averages recovered through the time frames and the re -entry of the cloud by drift instead of the spike, offering a more resistant base for the continuation. If that finally extends to “$ 1.50, $ 2.27 and perhaps about $ 4” “, in its frame, it will depend on Dogecoin defeating the remaining backward band and convert it to support. Until then, it concludes, the load load remains in the bears:” This is not a trend of bears at all. “
At the time of publication, Dege quoted at $ 0.231.
Outstanding image created with Dall.E, Record of TrainingView.com