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41709
 Analyst VisionPulsed believes that Dogecoin may repeat its previous strong upward trend in November! However, two conditions are needed: first, US G funds will shift to cryptocurrencies, and second, Bitcoin will hold key moving average support. He described the short-term upward path: S&P 500 rises → Russell 2000 follows suit → Ethereum breaks out → Dogecoin starts a rally. From a technical perspective, Dogecoin will follow the “ascending channel”! At the beginning of November, it will "slowly rise along the trend line", and by the middle of the month, it may accelerate towards the top of the channel. However, he also emphasized that although the current situation is positive, it is not yet "certain": "There may not be a sharp rise in the short term, but at least until December, the market looks relatively stable. ” As for whether it can continue to surge in the future, we have to look at two points - whether the altcoin season will come, and whether Dogecoin can break through the channel and hit the track.  Prediction of long and short scenarios: BTC is the "line of life and death"!Warning risk: If Dogecoin’s rally stalls at resistance and Bitcoin’s “dominance does not decline” (here “dominance decline” refers to the flow of funds from Bitcoin to other cryptocurrencies), violent volatility may return. “If it reaches the top of the channel and is pushed back... the price may plummet to the bottom of the channel, or at least to the middle of the channel. ” At the heart of it all: “As soon as Bitcoin falls below key moving averages, the bull market is over — and it goes straight into a bear market. But as long as this line is held... the bull market can continue. ” He compared this logic to the "blue circle rebound" of the S&P 500 Index and believed that Bitcoin also needs to be supported by key moving averages in order to maintain the risk cycle of the entire crypto market.Operation suggestions for November: Three major signals are indispensable!“"Timing" is very important: he expects a slow rise in shock at the beginning of the month, reaching the top of the channel in the middle of the year, and then a key turning point - if it succeeds, it will rotate upward in December, if it fails, it will pull back and rotate again.； But also be open to accepting that rotation may not exist. Currently "tactical bullish": hold the bottom of the Dogecoin channel + Bitcoin's key moving average, and the top target is valid. The rise requires three conditions: G market stability, Bitcoin holding support, and Ethereum confirming a breakthrough. As of press time, the latest price of Dogecoin (DOGE) is $0.19360!  Everyone needs to be cautious when entering the market. The best time is to wait for the price to drop another 10% before opening a position.Should this downtrend materialize, the next major support level is just above $0.18, which currently holds strong support. If a clearer bearish candlestick pattern emerges, a lower-risk entry can be made before Dogecoin price begins its next rally. However, there is a chance that any pattern will fail, and this time, the bulls may be able to do just that. Dogecoin price must break out and form a candle above the resistance zone on the 4-hour chart. This sustained breakout will invalidate the bearish pattern and Create room for bulls to continue。 The flight conditions are changing rapidly, and the specific entry and exit positions are determined based on the real-time flight conditions. Just follow the trend if the position is broken! No matter how confident you are, please strictly implement the stop-profit and stop-loss strategy! That’s all for today! Follow me and I will help you penetrate the fog of the currency circle and seize the bull market’s magic coin! 👇V scan  👇Q scan  |
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