Get started
Dogecoin / TetherUS
Short

DOGE - Brutal sleeping giant! Huge falling wedge

By UnknownUnicorn2537518
  • The doges are still sleeping and we need more time to start a new uptrend, much more time than I expected previously due to fundamental changes in global economy.
  • I belieave we will have a very nice rally after we finish this falling wedge on the daily / weekly timeframe! But for now, the bears are still powerful.
  • The falling wedge is really beautiful, I like it! Unfortunately we have only 2 touches on the downward trendline and that's not enough in my opinion.
  • According to my Elliott Wave analysis, we need to complete this impulse wave with another impulse to the downside because this structure is incomplete and I don't really see it as an ABC correction.
  • We don't know where the fifth wave is going to end, I think we can touch the downward trendline 2x more times with a divergence on the daily chart.
  • I think DOGE is a great altcoin and definitely will have a place on the ladder of coinmarketcap, because it's a very popular coin and people like it. Elon Musk is also a fan. 
  • For more analysis, hit "Like" and "Follow"!
Bearish PennantBearish Trend LineBeyond Technical AnalysisBullish FlagDOGEBTCdogeusddogeusdtFalling WedgeFLATFundamental AnalysisSupport and ResistanceZigzag
UnknownUnicorn2537518

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.