DOGE new Elliot Wave
Updated
It had a retracement to 0.618 fib level and daily Stoch RSI seems to reset. Also MACD seems to turn around
It seems that we are currently on wave 2 of a higher move.
Latest market cycles had tops with around 38% higher than the previous market cycle
All that tells us that there is a high chance that DOGE will go uptrend again.
I will look to sell in old support and resistance areas that also match fib levels.
It seems that we are currently on wave 2 of a higher move.
Latest market cycles had tops with around 38% higher than the previous market cycle
All that tells us that there is a high chance that DOGE will go uptrend again.
I will look to sell in old support and resistance areas that also match fib levels.
Note
Still in buy area.Trade closed manually
Targets are still active, but will sell the majority of it (I still have some) and will look to buy lower.It may break the 6h cloud and after that it may go down and touch the cloud again
right above the 1h cloud
Note
If it will fall to the new buy zone, I'll post a new idea, if not then this will be considered as profit.Note
It went as predicted
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.