DOGEUSD will trade sideways for another 6 months at least.

24 Jul 2023

Dogecoin (DOGEUSD) is trading on its 1W MA50 (blue trend-line), practically consolidating ever since the massive rejection of October 24 2022 on the 1W MA100 (green trend-line). This sideways price action is serving as the Bull Cycle's Accumulation Phase, before the final parabolic rally that will take DOGE to a new All Time High. This is at least the pattern that was followed in the previous two Cycles.

The date range from the top of the previous Cycle to roughly the end of the Accumulation Phase and the start of the Parabolic Rally has historically been 150 weeks (1050 days). A 1W MA50/ 1W MA100 Bullish Cross comes as a final confirmation to buy.

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