Which path shall Doge take?
Updated
I see Doge going one of two ways: either up to the moon, or an anticlimactic slow and methodical downwards slope for the next few years; both paths were made using Doge's price history. Waves one and two for the first pink impulse wave are intentionally displaced to better differentiate it from the blue one; wave one of the second pink impulse is also intentionally displaced. I also have a few fib spirals I'd like to point out; the white one I used as a trend line to connect Doge's original high to the low of its first bear cycle, which leads to the end of the spiral landing in the key range Doge is in right now, with most relevance to the blue path. I took three fib spirals, the black, yellow, red, and green, and I did the same thing with the second bear cycle... also leading to some interesting outcomes. If Doge decides to do something along the lines of the pink path, then I believe it is reasonable to say that $0.10 will hold; I have a hard time seeing Doge going back below $0.08. The two paths ultimately converge in on one another, so, regardless of which path is taken, I believe Doge has price motive, therefore its just a matter of when... a matter of sooner rather than later. Is Doge going to fizzle for a bit, only to inevitably go back up, or will Doge have one more crazy run before the fizzle... we will find out. If Doge starts trickling back down to $0.12, you may want to keep an eye on it, but really there's no need to sell... just keep buying more, it'll go in time. Probably the most striking to me is the dotted trend line drawn from zero to five on the blue impulse wave, which acted as a great support for the last bull run, and is doing so this time around; it also acts as an important trend line when running through the pink path. I believe that by the end of this decade, for crypto as a whole, it will have been a marvelous fireworks show. When Doge see's valid volume confirmation around and above the $0.40 area, then things should in the all clear for a new high, or at least a test of the previous high; I previously said $0.27, which is still an important area, but if we see what I just described around $0.40 then things will definitely look promising.
Here is the before image of this chart before I consolidated and cleaned it up, have fun with the fib spirals:
I wonder if you can see the spiral patterns in the above chart... the ones that are color coordinated are related.
A still image of the posted chart:
Here is my entire chart:
Remember that the pink wave is intentionally displaced in order to better differentiate the two waves.
Here is the before image of this chart before I consolidated and cleaned it up, have fun with the fib spirals:
I wonder if you can see the spiral patterns in the above chart... the ones that are color coordinated are related.
A still image of the posted chart:
Here is my entire chart:
Remember that the pink wave is intentionally displaced in order to better differentiate the two waves.
Note
I also did this same thing with Bitcoin up until the last mined Bitcoin, here you go: Note
Bitcoin has followed a very strict fib rule and that is it above if it continues to play out like it has for the last 11 years.Note
The hardest factor to pin down is time; I have approx. ranges of time that I've deduced from observation, but the main idea is that the visual patterns and movement history I see and you see in my charts is roughly what I expect in the future, as for when these highs or lows occur... only God knows that.
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.