DOGECOIN (DOGE) - 242 % Earnings Possible - Pure Technical
Hi Guys!
As BTC is slowly recovering (look down below at our analysis - it is newly updated) we may find another undervalued project.
Today we want to share with you our technical analysis of DOGECOIN.
This is purely technical
Let's get down to the facts.
- Elliot Wave pattern finished - (1-5) UP and (A-C) DOWN
- New cycle has just begun (1-5)
- Trend-based Fibonacci extention - we are very low at the scale
- Stoch RSI is in the oversold area which is bull's sign
- Our favourite - Weis Waves - this is a bit weird - both supply and demand are strong but during last Elliot pattern we managed to obtain almost 100% gain. This may happen this time. Be ready for massive green wave and rally up.
Fibonacci Levels:
Buy: 0.00000054 - 0.00000059
Target 1: 0.00000059
Target 2: 0.00000073
Target 3: 0.00000085
Target 4: 0.00000096
Target 5: 0.00000113
Target 6: 0.00000133
Stop-loss: It depends on how conservative you are. Here are some options
1. 0.00000050 (very conservative)
2. 0.00000045 (normal)
3. 0.00000036 (loose)
Good luck.
What do you guys think about this project? Do you think we can go even higher? Can you post some news about Dodge?
All your comments will be highly appreciated.
Don't forget to follow us!
Thank you for being here!
HUGH!
WBM TEAM
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.