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Crypto trader Josh Olszewicz – better known to card observers by his handle @carpenoctom – took the old adage of actions “Sell in May and disappear” and gave him a canine touch. On Monday, he published an Ichimoku table of a day of DOGE / USD stamped on April 28, 2025, adding the joke: “DOGE in May and are you moving away?” Behind the word game is a price map that highlights the Make-Or-Ou-Brise area on the market while the memes piece is drifting around the month of seasonal May in May.
Sell Dogecoin in May?
Olszewicz annotates the basic action of February-April with the classic shs letters?, Marking a potential reverse head and shoulders. The left shoulder formed in mid-March just above $ 0.14; The head increased to around $ 0.13 on April 7; The market is now probed for a shoulder tank on the right nearly 0.17 to 0.18 $.
A duo of dotted trend lines defines a downward neckline that currently cuts the price axis in the area from 0.185 to 0.195 $. A daily closure above this strip would validate the inversion scheme; The measure of the measured movement, caught up in the head ($ 0.14) with the neck ($ 0.185), implies up $ 0.23. The white reference line drawn at $ 0.28181 marks a previous horizontal supply shelf – and, not by coincidence, the projection in mid -June from the Senkou Span resistance – offering a secondary target if the pattern takes place in full.
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The graph also uses modified Ichimoku parameters (20, 60, 120, 30), widening the objective to suit the volatility of the crypto. At the closure of Monday, Dogecoin is at $ 0.17533, wedged between a Tenkan-Sen up at $ 0.16,471 and a flat kijun-sen at $ 0.18593. The price below the base line maintains the signal in the longer term, but the Tenkan turning under price advice at a short term.
Thirty periods projected forward, the cloud itself is red stain with its lower limit (Senkou Span a) starting at $ 0.20825 and its upper limit (Senkou Span B) at $ 0.31392.
In other words, even a neckline break would provide Dogecoin directly to a supply area of 0.21 to 0.31 $ 0.31 which has capped each rally since the start of the January waterfall. The bulls are therefore confronted with a work in two stages: first recover the neckline and the Kijun, then chew a depth over a month inside the Kumo.
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The maximum OLSZEWICZ RIFFS SUR – “Sell in May and disappear” – stems from secular seasonality in shares, warning against low summer performance. By substituting DOGE for sale, it floats the contrary idea that the dog’s piece itself could be the assets that investors work, and not far from, in a traditionally lethargic period. Technically, this thesis is based on bulls forcing an escape in the first weeks of May, before the neck descends further and the cloud thickens.
Not to do so would leave the unconfirmed scheme, would retain the price imprisoned under the Kijun and would preserve the downstream trend that started with the January blowing more than $ 0.48. The support then rests first in Tenkan ($ 0.165), with the capitulation of March, the despision of March almost $ 0.14 as the final line in the sand.
At the time of the press, DOGE exchanged $ 0.178.
Star image created with dall.e, tradingView.com graphic
