Dogecoin $5 Potential in Memecoin Season in Bull MarketCRYPTOCAP:DOGE Pattern is Repeating before Blasting We are waiting for a Perfect Retest.
The #DOGECOIN pattern is repeating, signaling a massive blast-off just around the corner.
A perfect retest is approaching, creating an incredible entry setup.
Once the retest is complete, watch Dogecoin soar to the moon!
In the #memecoins season of the bull market, $5 is a realistic target.
Get ready to ride the wave!
Share/Comments if you Agree with My #DOGE Setup.
DOGESOL_8UWRLS.USD trade ideas
DOGECOIN possible elliot wave counts on hourly chartHere we had shared possible Elliot wave counts of Dogecoin on daily time frame aligned with hourly time frame.
Which is indicating that possibly we are unfolding fresh leg of impulse as a wave 1 of bigger degree wave (1) of one more bigger degree ((3)), and inside wave 1 we had unfolded subdivisions as wave 1-2-3-4 and possibly we have started 5th of wave 1 it may become leading diagonal. post wave 1 we should get retracement as a wave 2 of (1) and then wave 3 of (1), overall if invalidation is safe then journey is towards north.
My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not sebi registered analyst.
I am not responsible for any kinds of your profits and your losses.
Possible elliot wave counts on daily time frame
macd positive crossover in hourly
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
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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Flag pattern breakout DodgecoinDodge coin has been moving in a narrow range since long and has formed a bullish flag which is likely to break up and take prices higher. On the 15 min chart RSI continues to trade above 50 indicating upside strength trend. A target of 0.4151 seems likely today itself or it may retest the breakout and then go to 0.4151 and new heights.
DogeCoin-CryptoCurrencyBuy-16-17
SL-12 Below Daily Closing Basis
Target-25-35-45++
Time Frame- Till December
A Pattern Suggests That The Breakout Is Due.
Volumes Will The Thing To Watchout For..
If The Pattern Fails To Breakout , Be Ready With Your SL..
Below 12 (SL)---> 6 Is Calling..
After Breakout ---> Sky Is The Limit..
Take Your Choice..
DOGE UPDATEThe meme-crypto asset dogecoin has enjoyed double-digit gains this week, according to statistics, with the meme-crypto asset up 19.66 percent in the last seven days. Dogecoin has outperformed the competition among the top ten digital currencies in terms of market capitalization, even surpassing ethereum’s 18 percent weekly gains.
According to Into the Block statistics, DOGE now has a concentration of major holders of roughly 63 percent. The enigmatic “DH5” dogecoin address is still the highest DOGE holder today, with 36 billion Dogecoins, according to data from bitinfocharts.com’s richest dogecoin addresses.