Bull position DOGE 40% higher

The DOGE price ended yesterday’s trading session with a staggering 7% increase. The closing price was also the day’s high which shows the bullish nature of the session.

DOGE is ready to move down to $ 0.27

DOGE played Tenkan-Sen and Kijun-Sen every day. This is the first time since November 8th that the price has closed above these two Ichimoku levels. Such an event is often a warning sign to short traders that the current correction is likely to end soon.

From the perspective of the cycle time, the price has completed a “cycle of death” in the Gann analysis. This is a 49- to 52-day cycle that Gann warns that it could reverse any trend that persists in one direction during this 7-week cycle.

Another time cycle that sparked the recent move in the DOGE price is the Ichimoku Kumo Twist time cycle. Kumo Twists occur when Cloud changes from green to red or from red to blue – when Future Senkou Span A cuts above / below Future Senkou Span B.

Kumo Twists are time cycles in the Ichimoku system that alert traders to the possibility of highs or lows developing on or near the Kumo Twist day, especially if an instrument is trending strongly by the time it hits the Kumo Twist day. Coincidentally, the DOGE price increase on December 13th. exactly the day of the Kumo Twist.

From a cycle time perspective, DOGE is perfectly positioned for a new expansion phase despite the current decline in the Ichimoku-Kinko-Hyo system. Expected Target Range at $ 0.27 – is the 161.8% Fib Expansion and is valued at $ 0.26 near the strongest level in the Ichimoku Kinko Hyo, Senkou Span B system.

DOGE Daily Ichimoku Chart

The bullish outlook for DOGE will be invalidated if the meme coin hits a new lower low near the $ 0.145 area. This will likely trigger a mass surrender, pushing the price down to $ 0.09.

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