Btc-doge
DOGE-Initiate-STRONG BUY-4th Wave Leading DiagonalInitiating DOGE/USD BITTREX:DOGEUSD with a STRONG BUY.
DOGE is currently in the Primary Wave 4 position.
DOGE's 4th Wave has formed an extremely bullish leading diagonal.
Leading Diagonals in the 4th Wave position imply that the 5th wave will extend.
Leading Diagonals in the 4th Wave position have a unique sequence which is ABCDE instead of a normal corrective sequence of ABC.
The 'E Wave' is completing now...
For example, in an uptrend, the ending point of the fourth wave diagonal triangle will be near or even above the top of the third wave. Then all of a sudden, when the ‘e’ wave of the triangle is finished, price will break even higher and the fifth wave will race upwards.
Current Wave Count:
Key Targets and Levels:
Will update.
-AB
DOGE - on the edge of the bladePrice is still consolidating, and being realistic, I should say that DOGE is a Blade Runner atm.
However, EMA26 shows a strong support and while DOGE didn't close below EMA26 - the previous scenario remains valid and we can assume a false breakout. Closing below will be a sell signal, so as I said before, SL needed under EMA26.
If support is going to fail, I would look for re-entry in the 45-48 area.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//