Dogecoin, thought it was plummeting, but it's rising?..."Flipped one chart and saw everything"

▲ Dogecoin(DOGE)

An analysis has emerged that by analyzing the Dogecoin (Dogecoin, DOGE) chart in reverse, a repetitive structure was detected within a trend that outwardly appeared to be a decline.

According to cryptocurrency specialized media NewsBTC on May 2nd (local time), Trader Tardigrade claimed that a long-term repetitive pattern was confirmed as a result of analyzing Dogecoin's monthly chart with an inverted scale.

According to this analysis, Dogecoin has shown a structure of sharp declines after being repeatedly rejected three times in major resistance zones, and the same pattern appears to have formed again recently.

However, the key point is that this chart, unlike typical price movements, is expressed with an 'inverted scale' where the axis is flipped. In this structure, as the chart goes down, the actual price is interpreted as rising.

The analyst emphasized that through this structure, it's not just a simple declining pattern, but rather there's a need to re-interpret price movements within long-term repeating cycles. In particular, repeated reactions at the same resistance zone were pointed out as key signals for gauging future trends.

This analysis is evaluated as an example demonstrating that market structure should be viewed through an approach different from traditional chart interpretation methods.

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