Dogecoin
WHAT HAPPENS DOGECOIN & SHIB INU FOLLOW SIMILAR PRICE FRACTAL?
Dogecoin price appears to be closely following Shiba Inu price action, hinting at an explosive breakout.
DOGE has been coiling up for more than five months, just as Shiba Inu price did before its actual breakout.
Unlike SHIB the original meme coin seems to be traversing an ascending triangle, indicating that a retest of an all-time high is possible.
Reasons why this is possible?
Fractals everywhere: Dogecoin price is repeating a massive fractal that it displays before an explosive breakout. This setup, however, suggests an uber bullish double-digit target of $40 per DOGE.
'Tis meme coin season: Many meme coins have surged 17,000% and more in just a few days, suggesting that the meme coin season is upon us. Many of these are dog-coins whose market cap has reached several million despite not having any utilities.
Capital rotation: One of the biggest reasons why Dogecoin price will explode and catch investors off guard is capital rotation. While it is tough to time capital rotation, catching it just before it happens will be extremely profitable. When the newer-coin market gets saturated, capital from these cryptos will rotate into the original meme coin aka Dogecoin, causing massive volatile moves.
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DOGE coin forming a huge triangle! ELON MUSK to tweet again?!I know that the DOGE coin is not good fundamentally, but if we look from TA point of view, this coin is about to give massive returns! The triangle is huge, it might give huge returns. But, on the other hand, never trust meme coins. Invest only that much, which you're ready to lose.
USDJPY - The Next BIG ImpulseUSDJPY has been setting up for quite some time for the next big move. On the daily we can see that we are in an ABC correction and its just a matter of time before the next impulse down.
Watching for lower timeframe bearish momentum and then jumping in with targets of 300pips as first target.
Goodluck and trade safe!
This Dogecoin fractal breakout could propel DOGE to $3While it might seem a little far-fetched to imagine a meme token worth $3.43, if the fractal plays out like before, theoretically, DOGE could ascend to 361.8% Fibonacci extension level at $40.91.
Readers are advised to take this double-digit forecast with a grain of salt and remember that the key word is "theoretically."
P.S.
Not Financial Advice