DogeCoin (DOGEBTC): Mayer Multiple Analysis
Hey Shibes!
The chart shows we are resting on one of the important, long-term support levels. Because it is the level which most often gets a bounce, I bought some. But at the same time, it's also the highest level so I only bought a little.
The indicator below is the Mayer Multiple, it gives the ratio of the price and the 200 MA (should be used on daily chart). In crypto the 200 daily MA (red) gives the average price for the last 28 weeks. Anyway, the indicator shows that this is indeed a very important support for the DOGEBTC pair as, for the period since Sept 2014, the Mayer Multiple has been above this level 90% of the time. This means that the price has only been farther away from the 200 MA 10% of the time. The likelihood of us moving up towards the 200 MA is quite high imo.
However, this is a shitcoin lol.... we buy at out own risk ;)
The chart shows we are resting on one of the important, long-term support levels. Because it is the level which most often gets a bounce, I bought some. But at the same time, it's also the highest level so I only bought a little.
The indicator below is the Mayer Multiple, it gives the ratio of the price and the 200 MA (should be used on daily chart). In crypto the 200 daily MA (red) gives the average price for the last 28 weeks. Anyway, the indicator shows that this is indeed a very important support for the DOGEBTC pair as, for the period since Sept 2014, the Mayer Multiple has been above this level 90% of the time. This means that the price has only been farther away from the 200 MA 10% of the time. The likelihood of us moving up towards the 200 MA is quite high imo.
However, this is a shitcoin lol.... we buy at out own risk ;)
Commentaire:
Looks like doge is moving to the next level.
Commentaire:
Doge dropped to next support level, dipping to 29. (I have 28 sats as the level.) I think we may drop a lower still.
At this point anything below the 28 sat level is very interesting for buyers. The mayer multiple indicates that DOGEBTC has only ever been this far south of the 200 daily MA approx. 8% of its entire history.
At this point anything below the 28 sat level is very interesting for buyers. The mayer multiple indicates that DOGEBTC has only ever been this far south of the 200 daily MA approx. 8% of its entire history.
Commentaire:
Doge pumping
Commentaire:
Binance is listing Doge starting today at midday (UTC), just announced!
binance.com/en/support/articles/360030488211
binance.com/en/support/articles/360030488211
