Doge/USD: And it has begun!!!
After a painful year and a half long bear market consolidation, Doge is one again ready to take a bite off this market. After breaking out of the triangle structure, It has made a complete 5 wave up, 3 waves down and on its way to another 5 waves up. There is still a chance that the current move up could be a higher degree wave c of a higher degree wave B to 13 or 14 cents. If the price plunges back below 7 cents, then that could confirm much higher degree wave C or a wave Y down to 1 cent or so. But at this moment it does not seem like it. Markets overall are looking like a real bull market beginning. Weekly RSI has poked its head above 70. This doesn't happen on bear markets. In Doge coin's history RSI poke out of 70 on a Intermediate degree wave 3, then comes back to test 70 and then pumps again to complete a wave 5 top to end a primary degree wave (except in the very beginning). If history rhymes again, then we should see 100x or more gains before 2024 ends. So, for now, watch 7 cents level and as long as it holds, hold on your bags and enjoy the rocket ride!
Happy early new year!!!
Happy early new year!!!
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.