DOGE_USDT Rising Wedge H4
It exists plenty of probabilities, but the DOGECOIN has proven to us that anything is possible. If the daily volume stay heavy, we could expect an higher price increase close to 0.5 daily next steps or 1.1 in the next week coming, thats the point of this analysis.
Usually a rising wedge have such probabilities :
- fall of the trend , 82% probably breaking out
- 55% of throwback once the rising wedge broken
- pullback into 53% of cases since the exit of the rising wedge
Actually the daily market cap talk by itselves , we all have seen the BTC falling while the dogecoin was correcting his trend, if those who hold DOGE decide to HODL all of their DOGE for a longer period , doge couldn't fall rapidly as expected by multiple analyst and the volatility will be reduced to the ask of the newcomers in the market .
If not, a boring period of range will happen during the next month.
And FYI : the validation of the coming rising wedge, will break the daily eliott wave pattern.
We are all expecting the un-expectable and may be no one who reads this analysis have the wallet to support this next pump by itselves, to my mind the traders behaviour (those who hodl and others) will decide the real value : the harmony between price and volumes .
Stay bullish !
Have a good trade !
Usually a rising wedge have such probabilities :
- fall of the trend , 82% probably breaking out
- 55% of throwback once the rising wedge broken
- pullback into 53% of cases since the exit of the rising wedge
Actually the daily market cap talk by itselves , we all have seen the BTC falling while the dogecoin was correcting his trend, if those who hold DOGE decide to HODL all of their DOGE for a longer period , doge couldn't fall rapidly as expected by multiple analyst and the volatility will be reduced to the ask of the newcomers in the market .
If not, a boring period of range will happen during the next month.
And FYI : the validation of the coming rising wedge, will break the daily eliott wave pattern.
We are all expecting the un-expectable and may be no one who reads this analysis have the wallet to support this next pump by itselves, to my mind the traders behaviour (those who hodl and others) will decide the real value : the harmony between price and volumes .
Stay bullish !
Have a good trade !
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