A widely followed cryptocurrency trader plans to keep their Mastiff DOGE / USD Until March 24, anticipating an important pump in the value of the largest cryptocurrency in the world.
What happened:: ChandKnown for analyzing the graphics models and providing the next cryptocurrency movements, shared their investment strategy for Dogecoin.
“March 24 is the time zone of 0.236 FIB. Historically, he showed beautiful pumps both in Bitcoin and Doge, “said the merchant.
Chandler had previously predicted that the “best time” to sell Doge is a week or two after crossing the time zone of 0.236 FIB.
Fibonacci time zones are vertical lines that have probable swing tops, stockings or inversion points on a graph. These are time -based indicators and the vertical lines correspond to the fibonacci sequence.
Ali MartinezAnother influential cryptocurrency analyst has planned that an increase in key indicators on the chain such as daily active addresses, transactions and whale activity could “point out” the start of a new DOGE rally.
See also:: The man whose bitcoin fortune of $ 775 million is buried in a discharge now wants to buy the trash
Why it matters: Bullish projections, however, were contrasting with lower signals of certain popular technical indicators.
The divergence of average mobile convergence, which compares two exponential price averages, has flashed a signal of “sale” for DOGE, according to data TradingView.
In addition, almost all of its simple exponent and mobile averages suggested a “strong sale”.
Things also seemed to be lowering on the derivative market. More than 50% of the merchants of future Doges occupied short positions when writing this article, according to in Coréglass.
Action: At the time of writing the present Benzinga Pro data. Update year, the medal plunged more than 22%.
Image via Shutterstock
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