The next import of Dogecoin can come as soon as October 22-23, according to Crypto Analyst VisionSped, who opposes a multi-month rising channel that will confirm a high level region at $ 0.1.
In a video analysis on October 16, he names the next week as a binary test: “This next week will be this or die …
Why October 23 could be difficult for Dogecoin
This case rests with a recurring combination He has been following for months: Dogecoin Marking the channel Support TrenLold while the daily RSI is overpressured, followed by an improvement in the macros read in the month.
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“Every time we get to the RSI line it hits Oversold,” he said, pointing to earlier tests in March-April and June. “We just hit the trend line again in October … and the M2 turns strong at the end of October.” He stops short of calling it a “bull run,” describing the next attempt at the Upside as a “Bullish Push” that was involved in holding that support on October 23.
VisionSpulsed places an unusual emphasis on time. You see confirmation if Dogecoin establishes the Right Low before October 22-23, with the exact price of printing more important than maintaining the structure. “If it ends up being a high, whether it’s 18 cents or 16 cents … it doesn’t matter. It doesn’t matter. Failure to do so, in his opinion, rubs any long-term change beyond the wind: “If we end up hitting November anyway, there’s no time left.”
Eyebrows and sensation are important in his diagnosis. In October, he insists, he has been insisting on the head of Dogecoin and the wider risk, while November tends to reveal the trend. “October is not quite what it used to be … IS&P 500 is Bearish in October,” he noted. “November is actually when the market turns bullish.”
The week-to-week of the week held in the middle of the year emphasizes the point, arguing: “In June, it was over then. In November It’s over.”
However, the analysis is broken down against the perceived acceptance of Dogecoin’s stalled cycle. “We’ve been doing Dogecoin videos for about two … It’s been two years now and the price has done nothing,” he said. “Three years ago Dogecoin was 16 cents and now it’s 18 cents … The price of Dogecoin hasn’t moved in almost three years.”
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Stagnation is why he considers this fourth of the four-year cycle as Make-or-break. If the station fails or, on the other hand, if the market rallies but can’t come out in December, he expects it to be December “then we’re close again and we’ll have another tour.”
Wisely, he waits for one test of support over the weekend before any attempt to pull back. “We’ll probably go back this weekend. We’ll probably see some sales,” he said. “If we can build on the bottom, then that would ensure that the bottom is on us and we can see a comeback.”
He submits an important inspection check on October 23 with unusual clarity- “x marks the spot”-and keeps that until then “We endure.” The Upside RoadMap, if the support holds, can be above back to the channel in late November, “it would not be surprising if at the end of November, we are back to the top of the channel.”
He concluded: “It doesn’t take long for Dogecoin to really recover,” emphasizing the currency’s strength with a sharp recovery and formation is respected. “But we have to catch the bottom of the channel first before we start talking about the point of return.”
At press time, Doge traded at $0.183.
The featured image is made with DALL.E, a chart from ChattingView.com
