There are 2 scenarios for this chart. First one is that correction hasn't finished and this up trend wave its just X wave and will fall more . The other scenario is that correction is finished and it started a impulse wave as i indicated in the chart.
According to RSI and VOLUME , the second scenario is more likely to happen . But you should always keep that in mine that correction isn't over so be careful with your trading.
According to RSI and VOLUME , the second scenario is more likely to happen . But you should always keep that in mine that correction isn't over so be careful with your trading.
Note
there has been some changes for DOGEthe wave 1st is very short so wave 3rd ganna be longer and deeper
Trade active
correction isn't over yet but i dont think its ganna fall lower than 0.51 so its a good situation for buy.Trade active
As i said a correction has happened and its near to endif you are a risky person you can buy at this point and put ST under invalidation level and the TPs are clear in the photo. but if want to be risk free , you'll have to wait until it crosses the trend line and finish pull back
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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.