Dogecoin: When to expect the next pump!CHART OVERVIEW
The chart shows daily candles for DOGE/USDT on Binance. A Fib retracement from the low price of 0.0073 just before the triple parabolic pump pattern all the way to the current ATH at 0.74.
ANALYSIS
Doge has found support at the 0.786 retracement and resistance at the 0.618 point. There are certain points which could demonstrate a Wychoff re-accumulation is taking place, here are the main stages:
a) Buyers Climax
b) Selling Climax
c) Automatic Reaction
d) Secondary Test
e) Upthrust
f) Sign of Strength
g) Last Points of Support
The yellow dotted line is a projection of what could happen next, it's impossible to predict exact price movement so I expect the price will not move in this manner but if the price move upwards, this would be my best guess of it's behaviour.
CONCLUSSION
Dogecoin has seen massive gains, IMO it's unlikely to pump with the same strength as before but it could see a very decent pump, the 0.5671 would be a solid target IMO, a possible retracement then another big push to the ATH is definitely possible, after that to take the very bullish situation. Pumping above 0.74 could happen but I don't know how likely this would be, I think closely monitoring price action when and if dogecoin starts making big moves is the best way to determine the final target.
What do you guys think, is Dogecoin going to make another parabolic pump or have we seen the most of what it has to offer?
*DISCLAIMER: Not professional advice
