It's time to take a step back from Elon Musk's favorite coin!
From the point where we placed the red arrow on the chart, it seems that Dogecoin's major correction had begun, and at the point where we placed the green arrow, Dogecoin's bullish phase started—a large, multi-year phase.
This bullish phase, based on price-time rules, appears to be a diametric or symmetrical pattern.
Now it seems that wave E of this large diametric has completed, and the price is entering wave F, which is a bearish wave.
Previous corrective waves of this diametric lasted between 196 and 347 days, so wave F is also expected to last between 196 and 347 days.
Similar to waves B and D, wave F is expected to be highly volatile.
Between the two vertical lines and within the horizontal green zone, the correction for wave F is expected to conclude, transitioning into wave G. Wave G will be a bullish wave that might lead to a new ATH (All-Time High).
A weekly candle closing below the invalidation level will invalidate the buy outlook for the green zone.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
From the point where we placed the red arrow on the chart, it seems that Dogecoin's major correction had begun, and at the point where we placed the green arrow, Dogecoin's bullish phase started—a large, multi-year phase.
This bullish phase, based on price-time rules, appears to be a diametric or symmetrical pattern.
Now it seems that wave E of this large diametric has completed, and the price is entering wave F, which is a bearish wave.
Previous corrective waves of this diametric lasted between 196 and 347 days, so wave F is also expected to last between 196 and 347 days.
Similar to waves B and D, wave F is expected to be highly volatile.
Between the two vertical lines and within the horizontal green zone, the correction for wave F is expected to conclude, transitioning into wave G. Wave G will be a bullish wave that might lead to a new ATH (All-Time High).
A weekly candle closing below the invalidation level will invalidate the buy outlook for the green zone.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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Free membership: t.me/Behdark_EN
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。