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Alikze »» DOGE | channelized bullish wave 3 scenario

🔍 Technical analysis: channelized bullish wave 3 scenario

- Following the analysis of the previous post, Dogecoin managed to experience growth in a downward channel until the ceiling of channel one, after which it entered a short-term correction.

- Currently, it has left the descending channel and is moving in a short-term ascending channel.

- Now it is at the ceiling of the ascending channel, it can meet the demand with the pullback to the broken structure and the middle range of the ascending channel and continue its growth until the supply area.

- According to the current momentum, the rising wave can grow as much as the previous wave or up to 1.618 supply range.

💎In addition, if the green box is broken, this correction can continue until the origin of the movement and the range of 100 fibo.

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評論

According to the predicted movement path, it has faced selling pressure in the area of the channel ceiling. Therefore, I expect that in the middle of the channel, the green box range will encounter demand and advance to the supply range. In addition, you should wait for the approval of the district. If the green box area is broken, correction can continue until the bottom of the channel.

6 天前

評論

According to the analysis presented, DogeCoin faced selling pressure after hitting the ceiling of the channel. The modification extended to the bottom of the channel. In the range of the green box, there was a demand that has broken the ascending channel and this return can be a pullback to the ceiling of the channel to touch the supply area.