Analytics for traders: Dogecoin

Trade on KickEX exchange

Dear KICK Community! For you: exclusive analytics from KickEX traders, today we will discuss DOGE.

Market phases

Trade on KickEX exchange

Growth phases:

1: 21821%,

2: 54890%,

Decline phases:

1: -96.31%

2: -92.84%

3: -85.46%

Average percentage drop, excluding the third phase: 94.57%.

Average percentage drop, including the third phase: -90.01%.

Ratio of growth phase to decline phase:

139/114 = 1,21

60/42 = 1.42 (very close to the previous values)

It is noticeable that the growth phase and the decline phase which follows the growth are on average 20–30% longer. From this we can conclude that the time interval of 6–7 weeks is a statistically good entry point into the asset.

What to expect?

If we take into account the growth phases, we can see that each successive growth phase is 2.51 times larger than the preceding one, as a percentage ratio of 54890/21821 = 2.51 times. Also worth noting is the 2-fold reduction in the time growth phase, which is likely to be true this time as well.

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Welcome to the official Kick Ecosystem blog. It's great to have you with us, enjoy a good read! Our websites: kickex.com | kickico.com

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