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DOGE Resets 5th wave Rally Structure with Lower-Low for 4thDOGEUSD (Dogecoin) like ETC, BCH, EOS, and FIL hit a lower low over the past week with the sharp pullback across the crypto space. What this means is that the original lows from summer of 2021 were broken, which means that the correction that started after the big crypto top last May had not actually ended all this time. We've just been in a longer 4th wave consolidation this whole time (as marked by IV), and it appears to follow a double-zigzag pattern as we've seen across several cryptos. While these 5 cryptos manifest this pattern, most cryptos do not. Bitcoin and Ethereum still have their bullish nested 1-2,i-ii setups for their final 5th waves intact as do other cryptos. With this reset, the new GREEN pattern projects DOGE to hit somewhere between 1.399 and 6.202, which represent the 0.382 and 0.618 extensions of our larger wave III-IV combo. That would make for an 8 to 37x return! But until we have a clear new 1-2 setup for DOGE, it will be not be possible to calculate a narrower target range for DOGE's top. Now while the GREEN pattern sees the correction as complete, the RED alt pattern may have DOGE pullback into a deeper C-wave to 0.06 or even lower than that! I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
BITTREX:DOGEUSDLong
by Critique-al-Thinker
2
DOGE Dogecoin: Concerning DownsideHello friends, today I am completing a technical analysis on the 1D linear scale chart for Dogecoin ( DOGEUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators. #CryptoPickk notes the following: 1) Dogecoin price had an all time high in May 2021 and since that point, the price has only came down. 2) Recently due to the #cryptocrash, the price dropped significantly breaking a multi-month bottom trendline (in yellow color). 3) What's the concerning issue is the price came back up and re-tested the bottom trendline and since that point, Dogecoin price started falling. This is outlined by the white color path arrow. 4) Using the Fibonacci Retracement tool, the price has the potential to test the 0.786 level before moving back up. This would be a 65-70% drop from current price levels. 5) The Volume Profile (VPVR) is very heavy in that area (0.786 Fib level) as well. 6) The Volume is low. I am using a Bittrex Exchange chart but I checked Coinbase and Kraken and it is low there. 7) The RSI (relative strength index) and Stochastic RSI (Stoch RSI) are in the oversold area. Since both are oversold, the price may consolidate or go up short-term, but price has potential to drop significantly further. Stay a bit cautious as the economy and markets are fragile right now. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BITTREX:DOGEUSD
by MillionaireEconomics
3
URGENT! DOGECOIN BREAKOUTHello everyone i wanted to share my opinion on a trade i just took on DOGEUSDT but would like to illustrate the DOGEBTC pair for clarity as the DOGEUSDT chart is very sloppy and the DOGEBTC chart is very clean, I entered a long on DOGEUSDT earlier today at $0.192 using cross leverage at 75x "I do not recommend using this high of leverage" As seen on the weekly chart above i am using the MACD indicator which is currently primed for the new weekly open to cross bullish. My trading plan for this trade is to take profit at a few different levels those levels are 1st target - $0.24 2nd target $0.28 - $0.30 3rd target $0.34 - $0.36 4th and finally target - $0.48 - $0.50 I will be closing 20% of my trade each time i hit my targets to allow for best risk management. Thanks, LiquidMEX
Long
by SolStackz
Fakeout or Breakout? The Shiba QuiverMany of us including myself were skeptical about SHIBA ever blowing up, when it overtook doge I got ready to open a short. Now that Shiba has broken out of the downward channel it's been trapped in for a while, I must ask the question: are we looking at a change in direction or is it just a false alarm? Skepticism in hand, there are a few news articles popping up about places accepting SHIB. Mac D is down and RSI has room both ways. I'm neutral on this, I'd love to know your thoughts below what you think will happen, and why. If we bounce on the green resistance and start to look up and steady, I might jump in and take a long shot, but it's not looking likely. This is most definitely not financial advice. Any input or criticism is always appreciated. Good day :)
by SaucyLettuce
2
Divergence spotted👀 on shiba inu: potential uptrend?Shiba inu has gone down by 61% since it staggering all time high of $0.0008865 last month. It sits on the Fibonacci retracement of 0.061 (meaning it has lost 61% of its value since all time high, but yet all these analysis doesn't quite still posses a safety net to buy shiba inu or not? So while roaming around the charts I noticed a bullish divergence on the 1hr time frame, exactly at the 0.061 Fibonacci support level, historical last month the Fibonacci level has been a normal zone for trend reversal in shib, both on the daily and hourly time frame, though its current downtrend seems impossible to stop at some point everything that goes down must surely come back up. The bullish divergence popularly know for trend reversal indications on the RSI stochastic is said to be the strongest indicator into a market upcoming bull run and with the strong community shib has, there is lot of fundamental and technical analysis supporting a reversal to the upside.
Long
by Jezzz_
2