Dogecoin (DOGE) Predictions for September 2023 (Public Version)

Kapproveb Alcyone
Jul 27, 2023
3 min read

Updated: Sep 28, 2023

Month’s Theme: A notable decline with a brief peak that’s easily missed. There’s also bullish behavior while we bump along resistance.

Behavior Around the High: A failed attempt to break through key resistance followed by a decline through key support.

Behavior Around the Low: A fast, sudden move higher out of the low.

Overview

On the 1st, there’s a rally that offers a trade opportunity. On the 2nd, there’s a lot of price change and volatility. On the 3rd, there’s a prominent crest and a prominent peak. On the 4th, there’s another rally and a fast, sudden move higher. There’s a decline on the cusp of the 4th/5th. There’s a support level that can be relied upon highlighted on the 5th. We’ll have a move higher on the cusp of the 5th/6th. On the 6th, there’s a decline through multiple support levels into a trough. There’s an important technical price level highlighted on the 6th. We may see another high for the month on the 7th.

On the 8th, we’ll have three pokes through the same price level followed by a sharp drop taking us into an important trough late on the 8th or early on the 9th. On the 9th, we’ll move into a peak or crest at the end of the day on the 9th. We’ll decline and then have a rally out of that decline on the 10th. We’ll move into a peak or crest on the cusp of the 10th/11th. There’s a lot of price change to the downside and an important support level highlighted on the 11th. We may see the lowest low thus far on the cusp of the 11th/12th. We’ll then have a rally out of that low on the 12th where we’ll break through horizontal resistance to meet a second resistance level before pulling back to somewhere between those two price levels. On the 13th, we’ll have multiple failed attempts to break through key resistance. On the 14th, we’ll sell off from an overbought peak or crest through multiple support levels.

That move to the downside will continue into the 15th into a prominent trough. This is the most likely location of a lowest low. That’s followed by a move higher and a full retracement of that move back down on the 16th. There’s another prominent trough on the 17th. There’s possibly another crest early morning on the 18th that we’ll sell off from 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 19th, we’ll rally into key resistance that we’ll then sell off from with consecutively lower spikes up on the way down. We’re bumping up against resistance on the 19th/20th. We may break through resistance temporarily on the 20th but then we’ll sell off through multiple support levels between the 20th and 21st. On the 22nd, there may be a bit of a move up but we’ll also continue to decline.

There are a lot of price swings on the 24th/25th with big moves off of a low. On the 25th, we’ll have three crisscrosses back and forth through the same price level confirming a bullish trend. There’s possibly a breakout early in the day on the 26th. There’s erratic behavior back and forth from the 26th into the 27th. There’s a sharp drop that stands out in a period of volatility on the 28th. There’s a big move to the upside on the 29th and we’ll reach for distant resistance on the cusp of the 29th/30th. On the 30th, we’ll have sideways rotation and a big move higher followed by more sideways rotation.