Since the price is hovering near $0.16–$0.17 at press time, Dogecoin has remained above the 0.382 retracement near $0.138, reinforcing Kevin’s argument that the risk-reward ratio at this level appears "absolutely phenomenal.” Kevin’s March 22 update describes the confluence of several higher time frame indicators, including the Weekly Stochastic RSI, the 3-Day MACD, and the 2-Week Stochastic RSI, all of which he sees nearing full resets.
Related Reading: Dogecoin At Major Breakout Point As Liquidity Bottoms, Says Analyst On Sunday, Kevin reminded his audience that this strategy, first made public on March 22, is going "exactly according to plan,” given Dogecoin’s confirmed bounce around the $0.139 region and the ongoing drift toward oversold conditions in multiple momentum gauges.
He cites the previous weekly demand candle, which formed just above $0.139, as a key sign that buyers are stepping in to defend what he calls "the Last line of bull market support.” The Weekly Stoch RSI on his chart is already situated at low levels, while the 3-Day MACD and 2-Week Stoch RSI appear roughly a month away from bottoming out.
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