Dogechain
OMNOM. Bullish Pin Bar/Hammer.If CRYPTOCAP:BTC don't highly dumping, $OMNOM could return to trading range within a few weeks breaking a three-month downtrend which is about 70% . Return to the previous local high is 1,100% . Also, we can interpret this candle as a Bullish Pin Bar with some consolidation or a Hammer. Here, sellers could lose control over the price and there is a high probability that we will see a trend change.
OMNOM. Bifurcation point. Time to buy for moonshot.If we take $OMNOM time periods - distribution cycle is currently going and probable peak in fall of '25. Price has fallen more than 90% from March '24. Several big wallets have $TRUMP fomo, so there's plenty LP to form a big position without any moving. Do it before it's too late
DC. Playbook. Having broken through the triangle, the price went up exactly to the height of the pattern. Now we are testing global descending channel, which was broken. Please note that testing and price correction occurs against the background of oversold by RSI. Considering the beginning of the bull market and the mass excitement of retail for DOGE, I want to say that this is an ultra-bullish situation and in addition to holding the asset, I would prefer to accumulate more.
DC. $0.0014 price target.The falling wedge, as one of the basic patterns for this chart, is an excellent indicator of where the price will go in the medium term. Also, I noted potential trading levels, which in turn are resistance and, in the case of a bullrun and continuation of the upward trend, will be support levels.
DC. Parabola?If you look closely, you can see a parabola forming here, originating from $0.000215 level. Probable level of the parabola top may be equal to the height of the channel - that is, the level to which the price will reach upon breaking through descending channel. Again, the price has touched the level of June prices. This means that we have a sideways trend for 140 days and those who accumulate in it are buying the bottom.
DC. Growth potential x10 in 8 days.If we extrapolate the historical chart to the present time, we can assume that asset is capable of experiencing a similar upward movement. Given the bull market factor and ratio of assets in liquidity pools on decentralized exchanges, x10 may only be the beginning of global growth.
DC. Several patterns indicates moon.Descending global channel, which has been the main one in the trend formation for the last six months, has been broken. Now, based on several patterns, we can assume that the trend is broken and the moon will coming soon. Potential formation of a golden cross, equilateral triangle, a descending wedge - will probably throw the price above all trading levels. Get ready, accumulate more.
DC. Everything new is a well-forgotten old.The global descending channel formed in April is currently under pressure. The price has been testing the resistance line for two weeks. The potential breakout looks interesting for two reasons:
1. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with reference points from more than six months ago.
2. The price target of the channel breakout with a probable time lag, which is due to the formation of an equilateral triangle, curiously coincides with the trading area from more than six months ago.
DC. Reversed Head and Shoulders.The potential formation of the "Inverted Head and Shoulders" pattern indicates a local trend change is coming. Considering all my previous ideas and considering what the chart says - a change in the global trend is coming. Structures are being built, structures in the plural, which together can create a bullish trend. And in my subjective view, the trend can be impressive.
DC. Potential Cup and Handle with 775% gain.Here it is important to initially pay attention to moving averages and fact that the price has taken hold above the long-term moving average for the first time more than half a year. The price is potentially forming a Cup and Handle pattern on a two-year downtrend. Moon soon.
DC. Again and Again.RSI is in the oversold zone on a local uptrend + the price is narrowing the range, forming an equilateral triangle since July. Risk/reward looks good for forming a spot position or trading with a small leverage. Potentially, the price is able to move within triangle for several more months, which also curiously coincides with the beginning of the final growth impulse of both Bitcoin and entire market.
DC. Ascending Triangle.The time interval for the triangle formation is approx 29 days. An upward exit implies a 100% growth. If price now finds support from the long-term moving average, then the average will act as resistance in upcoming bull run of the asset. The price growth, as well as the volume growth, coincides with abnormally increased activity in Dogecoin chain. Remember that it is the Dogecoin community that is inspiration behind the creation of the smart contract blockchain for Dogecoin chain and community.