{"id":30897,"date":"2022-10-03T15:43:52","date_gmt":"2022-10-03T15:43:52","guid":{"rendered":"http:\/\/egrowonline.com\/?p=30897"},"modified":"2022-10-03T15:43:52","modified_gmt":"2022-10-03T15:43:52","slug":"doge-to-revisit-0-65-to-rebalance-inefficiency","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=30897","title":{"rendered":"DOGE to revisit $0.65 to rebalance inefficiency"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Dogecoin price filled a market vacuum at $0.0621 before attempting to collect the liquidity below the equal lows at $0.0585.<\/strong><\/li>\n<li><strong>A sweep of $0.0585 will be akey requisite to catalyzing a 10% rebalancing move to between $0.0645 and $0.0649.<\/strong><\/li>\n<li><strong>A flip of the $0.0558 level into a resistance barrier will invalidate the bullish outlook for DOGE.<\/strong><\/li>\n<\/ul>\n<p>Dogecoin price underwent a tight consolidation between September 28 and 30, which eventually resulted in an explosive move up that collected the buy-stop liquidity resting above the September 27 swing high. This move quickly ran out of steam, however, and was <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-at-risk-of-continuing-lower-despite-breakouts-202210011020\" rel=\"noopener\">followed by a reversal<\/a> that knocked DOGE down to retest the aforementioned equal lows.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Dogecoin price delays its upswing<\/strong><\/h2>\n<p>Dogecoin price action is a clear example of liquidity runs and imbalances. The 21% upswing between September 22 and 24 collected the buy-stop liquidity resting above the swing highs at $0.0650. This run-up also created a swing high at $0.0682, which signaled a reversal that allowed DOGE to shed roughly 11%.<\/p>\n<p>As discussed in the previous article, the Dogecoin price has rebalanced the Fair Value Gap (FVG), extending from $0.0607 to $0.0618. This move came before sweeping the $0.0585 level for <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\" rel=\"noopener\">liquidity<\/a>.\u00a0<\/p>\n<p>Regardless, Dogecoin price rallied only 5% and undid these gains quickly and is currently lingering just above $0.0585. A <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-prediction-expect-a-wall-street-discount-202209291706\" rel=\"noopener\">sweep of this level<\/a> seems plausible in the near future, which could then be followed up by a swift move higher.<\/p>\n<p>In such a case, investors can expect DOGE to rebalance another imbalance, stretching from $0.0645 to $0.0649. From the current position, a move to a retest of the lower limit of this FVG would <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-to-refill-bullish-momentum-before-a-10-rally-202209290827\" rel=\"noopener\">amount to a 10% gain<\/a> and is likely where holders should book profits.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/DOGEPERP_2022-10-03_15-33-52-638003921179852004.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"DOGE\/USDT 4-hour chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/DOGEPERP_2022-10-03_15-33-52-638003921179852004.png\" style=\"width: 949px;height: 540px\" \/><\/a><\/p>\n<p><small>DOGE\/USDT 4-hour chart<\/small><\/p>\n<p>On the other hand, if the Dogecoin price produces a lower low below the September 19 swing low at $0.0558, it would indicate a lack of buying pressure. This development would cause a shift in market structure favoring bears and invalidate the bullish thesis for DOGE.<\/p>\n<p>This development could knock Dogecoin price to $0.0530.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Here is why you need to have Dogecoin on your watchlist for a few weeks\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/5u02Y8XqPgU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-prediction-doge-to-revisit-065-to-rebalance-inefficiency-202210031115\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin price filled a market vacuum at $0.0621 before attempting to collect the liquidity below the equal lows at $0.0585. A sweep of $0.0585 will be akey requisite to catalyzing a 10% rebalancing move to between $0.0645 and $0.0649. A flip of the $0.0558 level into a resistance barrier will invalidate the bullish outlook for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[291,11566,11565,11564],"class_list":["post-30897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-inefficiency","tag-rebalance","tag-revisit"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/dogecoin-200x200-637483778649728159_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30897"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30897\/revisions"}],"predecessor-version":[{"id":30898,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/30897\/revisions\/30898"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/356"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30897"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}