$DOGE
been looking at DOGE for the past hour and there's one thing that keeps stopping me.
the 1H and 4H MACDs both just flipped positive. tiny positive bars, but green. and my first instinct was to note that as something meaningful. but then I looked at the volume and I don't know anymore.
1H candle is 20.2M DOGE. the moving average for that timeframe is 452M. that's about 4.5%. like, less than one in twenty of what normally trades on that timeframe is actually trading right now. and the 4H is 106M against 567M — about 19%. so the two timeframes that are showing positive momentum are doing it almost completely in the dark.
the 15m is actually close to its volume average. which is the weird part. the shortest timeframe has the most participation. and the 15m MACD is slightly negative. so the one timeframe that actually has real volume behind it is not agreeing with the ones people will point to as "turning."
I remember a similar DOGE setup — I want to say sometime in late 2022 or early 2023, I can't remember exactly — where the short-term MACDs went positive on thin volume after a drop, and it looked like a floor for maybe a week. then it just ground lower again.
daily volume is near its average today though. that part is genuinely interesting. been watching session after session of thin participation and today the daily is actually normal. that might mean something. or it might just be one day.
$0.06946 is the low. we're at $0.073. everything in between is still unresolved.
#DOGE #orocryptotrends #Write2Earn
been looking at DOGE for the past hour and there's one thing that keeps stopping me.
the 1H and 4H MACDs both just flipped positive. tiny positive bars, but green. and my first instinct was to note that as something meaningful. but then I looked at the volume and I don't know anymore.
1H candle is 20.2M DOGE. the moving average for that timeframe is 452M. that's about 4.5%. like, less than one in twenty of what normally trades on that timeframe is actually trading right now. and the 4H is 106M against 567M — about 19%. so the two timeframes that are showing positive momentum are doing it almost completely in the dark.
the 15m is actually close to its volume average. which is the weird part. the shortest timeframe has the most participation. and the 15m MACD is slightly negative. so the one timeframe that actually has real volume behind it is not agreeing with the ones people will point to as "turning."
I remember a similar DOGE setup — I want to say sometime in late 2022 or early 2023, I can't remember exactly — where the short-term MACDs went positive on thin volume after a drop, and it looked like a floor for maybe a week. then it just ground lower again.
daily volume is near its average today though. that part is genuinely interesting. been watching session after session of thin participation and today the daily is actually normal. that might mean something. or it might just be one day.
$0.06946 is the low. we're at $0.073. everything in between is still unresolved.
#DOGE #orocryptotrends #Write2Earn