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Dogecoin (DOGE) July 2023 (Public Version)

Updated: Jul 3, 2023



  • Month’s Theme: The halting of a bullish trend marked by a sharp decline through a key support level.


  • Behavior Around the High: An unexpected trade opportunity.


  • Behavior Around the Low: Out of the low, we’ll have the start of a multi-day rally. Near the low toward the end of the month there’s someone speaking.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a long position for a multi-month swing trade at the end of July.

    • An opportunity to open a short position on the 6th at a highest high and I would close that position on the 11th.

    • An opportunity to open a long position on the 26th and close it on the 28th.



Overview


On the 1st, we’ll have the establishment of support and a notable move to the upside on a multi-day scale. We’ll then establish support at a higher level. On the 2nd, there’s a decline either off of a highest high or a decline followed by a fast, sudden move higher. On the 3rd, there’s a notable move higher where we successfully turn resistance into new support. On the 4th, we’ll have a decline off of a crest down to and through support. We’ll then do a U-shaped reversal and come back up to reuse that level as support. On the 5th, there’s a sideways-fluctuating decline that precedes a rally. We’ll rally into the 6th. There’s a failed attempt to break through key resistance and decline through key support. The morning of the 7th, there’s a big move out of that low.


There’s a decline on the 8th into another important trough. On the 9th, there’s a big move out of that decline from the bottom of a range to the top of a range. We’ll decline from that crest into a prominent trough for the month on the 10th. We’ll move out of that trough with increasing momentum moving forward in time. That will take us into a trade opportunity and a rally on the 11th. There’s a trough between the 11th and the 12th. We’ll have sideways rotation along a support level for a bit and then break down through multiple supports. We’ll rally out of the 12th and into the 13th and that rally ends. Into the 14th, we’ll have some sideways rotation along key support on a multi-day scale.


There’s a key technical price level on the 15th. On the 16th, there’s an important resistance level highlighted. Volume or volatility flattens out on the 16th. On the 17th, out of a lowest low for the month there’s a big move higher to reach for a distant resistance level. There’s a crest at the end of the day on the 18th. On the 19th, there’s an establishment of support followed by a big move higher that continues into the 20th. On the 20th, there’s an important trough and a big move to the upside out of that trough. On the 21st, we’ll establish a support level that can be relied upon.


There’s a sideways-fluctuating rally that precedes a decline on the 22nd and into the 23rd. On the 24th, we’ll most likely have a lowest low. Out of that low, we have a rally along a diagonal trend line and then a fast, sudden move higher and then a breakdown through that diagonal trend line with increasing volatility on the way down. There’s a lot of price change on the 25th. There’s a decline on the 26th that offers an opportunity to trade. Midday, there’s a big move higher. There’s a crest toward the end of the day on the 26th or early on the 27th. That’s followed by a sharp decline through multiple support levels. On the 28th, we’ll have three crisscrosses through the same price level confirming a bullish trend followed by a sudden move higher on the 29th. We’ll have erratic behavior back and forth through the same price level on the 30th. There’s also a prominent trough on the 30th and possibly another lowest low. We’ll also move up to revisit a crest that was recently a past opportunity. On the 31st, there’s a sharp decline through multiple support levels.



Sneak Preview


In August, there’s a significant decline on a multi-day scale.


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