u/EvanAlmighty99

Following a nearly unanticipated upward move in late August, Dogecoin leaves watchers speculating over its next directional push. In a notable fashion, Bitcoin is providing no support to either argument, as it trades flat for multiple weeks. In order to gain a clearer picture of what is actually happening in the crypto market, we look to the 90 day moving average, which has recently flipped from resistance to support. This change in sentiment and pricing action began around 2:00AM on September 3rd, and seems to be providing wind to the sails of Doge's dream to eventually hit one dollar and beyond. With a second 12% upward run this week, sandwiching a steady 6% downward correction, Doge seems to be accepting support from its newfound alliance with the 90 day MA. However, it is important to practice caution, especially near divergences in underlying patterns. One or two small crosses along the moving average in either direction, do not dictate a reversal, although it may suggest one. To truly mark the end of the bear market, a larger swing towards 12 cents must be made in the days to come, confirming suspicions and stomping doubt, given that 10 cents is still the local resistance level. The chart above shows how pricing movement may be affected by these factors.

A move above lower support may mark the end of the bear market.

Nearly an exact replica of previous Bitcoin pricing action.

Monitor support around 0.0719. A break below likely indicates further consolidation in the 6c range, while a uniform structure above this level could be indicating a divergence of long term trends.

Historically speaking, the first dip of each cycle to breach into this support region creates the lowest entry prices. While the pricing action may stay within the parameters of the blue box for several months, entry prices become less appetizing until the final breakout and reversal occurs. According to all given data, you will not find a better time to DCA.