What if we gave $DOGE an Elliot Wave analysis?
NOT FINANCIAL ADVICE
Have we seen the top for
DOGE?
Did SNL's skits played into Dogecoin's fall?
Were whales responsible for the flash crash (massive short sells)?
Back to Ralph Nelson Elliot's teachings..
If this is a top, then expectDOGE to visit the 61.8 retracement levels with TP $0.29 in the midterm.
At the moment it has crossed 32.8 fib levels briefly as the Bulls are doing their best to turn this around.
It has to be said that short-term selling pressure is immense -- price visited oversold RSI region but stochastic is showing a good reversal.
If this can be sustained, we can expect a quick rebound and perhaps avoid $0.29 entirely.
However, if we're only to decipher, via Elliot Waves, the probable path of least resistance here, it is to the downside.
May theDOGE be with you~
Have we seen the top for
DOGE?Did SNL's skits played into Dogecoin's fall?
Were whales responsible for the flash crash (massive short sells)?
Back to Ralph Nelson Elliot's teachings..
If this is a top, then expect
DOGE to visit the 61.8 retracement levels with TP $0.29 in the midterm.At the moment it has crossed 32.8 fib levels briefly as the Bulls are doing their best to turn this around.
It has to be said that short-term selling pressure is immense -- price visited oversold RSI region but stochastic is showing a good reversal.
If this can be sustained, we can expect a quick rebound and perhaps avoid $0.29 entirely.
However, if we're only to decipher, via Elliot Waves, the probable path of least resistance here, it is to the downside.
May the
DOGE be with you~
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.
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.