Dogecoin's long term is bearish
In this update, we made the Dogecoin roadmap more specific.
According to the wave counter with recent data, the stop of bullish movements and the creation of important pivots, the time of waves, etc., the Dogecoin scenario is now more clear.
It seems that the price is in a WXYXZ (multiple correction) pattern, which in terms of time can continue until the end of 2025 (up to two vertical lines).
The white area is the large Dogecoin liquidity pool that has formed and is expected to be swept over the coming months.
By maintaining the supply range, Dogecoin can be involved in time correction and price correction for a long time and move towards the green demand range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
According to the wave counter with recent data, the stop of bullish movements and the creation of important pivots, the time of waves, etc., the Dogecoin scenario is now more clear.
It seems that the price is in a WXYXZ (multiple correction) pattern, which in terms of time can continue until the end of 2025 (up to two vertical lines).
The white area is the large Dogecoin liquidity pool that has formed and is expected to be swept over the coming months.
By maintaining the supply range, Dogecoin can be involved in time correction and price correction for a long time and move towards the green demand range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
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.