here I have an Elliott-wave-y long term analysis of 
Dogecoin. I know, I know - why would this stale memecoin ever go up? just trust me on this one. dogecoin runs in long-term pump and dump cycles, and this is roughly how I think the next one will go.
I said "Elliott-wave-y" because this is basically just 2 5-leg motive waves stacked on top of each other and bouncing off support and resistance levels, but it's not a "legitimate" Elliott wave analysis because I'm still experimenting with integrating Elliott waves into my charting skills.
trade at your own risk.
Dogecoin. I know, I know - why would this stale memecoin ever go up? just trust me on this one. dogecoin runs in long-term pump and dump cycles, and this is roughly how I think the next one will go.I said "Elliott-wave-y" because this is basically just 2 5-leg motive waves stacked on top of each other and bouncing off support and resistance levels, but it's not a "legitimate" Elliott wave analysis because I'm still experimenting with integrating Elliott waves into my charting skills.
trade at your own risk.
Trade active
cup & handle: Note
also, I forgot to add that we have significant bullish divergence on RSI here:Note
after studying the long term patterns of this coin more, I think we will see a period of sideways consolidation before the next leg up really starts. but, we'll see.
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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.