Altcoin temporarily halted its decline as BTC began to rebound, but many tokens are still below their prices half a month ago. Among all tokens, we discovered an interesting phenomenon. As a meme coin, DOGE's performance in April was stronger than most other tokens, close to BTC. As we all know, meme coin is not supported by the any protocols, but more by the consensus of the community. So when this happens, we guess that as an early meme and has reached the total supply, DOGE’s attributes are close to BTC. Relatively pure utility and high decentralization bring about price following for BTC.
Judging from the indicators, DOGE has adjusted for three months after experiencing the first round of gains. And like most memes on the market, it started to rise again at the end of February. Just as the TSB indicator prompted a BUY signal on February 21, DOGE started a bull trend. During the rise, DOGE remained above the wavy zone, and bulls strengthened when the bar touched the key wavy line. DOGE currently continues to maintain a bullish trend.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Judging from the indicators, DOGE has adjusted for three months after experiencing the first round of gains. And like most memes on the market, it started to rise again at the end of February. Just as the TSB indicator prompted a BUY signal on February 21, DOGE started a bull trend. During the rise, DOGE remained above the wavy zone, and bulls strengthened when the bar touched the key wavy line. DOGE currently continues to maintain a bullish trend.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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