The exact sequence has now occurred three times: each time followed by a sharp rally. The image accompanying his post illustrates three distinct RSI breakout points spaced exactly 29 days apart, with each initiating a powerful upward move in Dogecoin’s price.
This repeating cycle appears to be driven by RSI downtrend breakouts. The first breakout occurred in early March, while the second breakout occurred in early April. In each of the two previous occurrences, Dogecoin’s RSI formed a descending trendline that was broken just as the cycle reset, which sent price action upward. Now, with the most recent RSI downtrend line also broken and the 29-day interval completed once again, the conditions for another programmed move are, in Tardigrade’s words, “on time.”
At the time of writing, Dogecoin is trading at $0.1971, up 9% and 8.9% in the past 24 hours and seven days, respectively. This latest uptrend is caused by Bitcoin’s recent break above the psychological $100,000 price level.
