✳️ Dogecoin | Major Correctoin (Name Your Altcoin #12 ✅)
After a strong bullish move an equally strong correction follows... Dogecoin is reaching the end of this correction based on multiple signals.
After the 1-Nov. peak price, a classic ABC or Zig-zag correction showed up.
This correction hit a low 84 days later on January 24.
This low hit the August 2022 peak, signaling that the bottom is potentially in.
After this low, we also have multiple bullish candles, a rising RSI and a strong high volume day 31-January.
The correction can continue and breaking below the 24-Jan. low would be a bearish development but, the signals I mentioned above are pointing to the continuation of the previous bullish move.
Normally corrections can take 1-3 months within a bullish wave. This one has been going for 3 months if we count up to this date... Things can change any day.
Namaste.
After the 1-Nov. peak price, a classic ABC or Zig-zag correction showed up.
This correction hit a low 84 days later on January 24.
This low hit the August 2022 peak, signaling that the bottom is potentially in.
After this low, we also have multiple bullish candles, a rising RSI and a strong high volume day 31-January.
The correction can continue and breaking below the 24-Jan. low would be a bearish development but, the signals I mentioned above are pointing to the continuation of the previous bullish move.
Normally corrections can take 1-3 months within a bullish wave. This one has been going for 3 months if we count up to this date... Things can change any day.
Namaste.
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