After it’s all-time high being reached at $0.73, Doge has entered into its first primary corrective wave.
With Wave 2a already completed, using the Fibonacci tool allows us to define to the final zone for the capitulatory Wave 2c (pending).
Current in a very funky Wave 2b, the market will allow bulls to stride towards the $0.50-$0.53 range before its final leg down towards $0.09 (which could take up to a month).
Despite the hype, Dogecoin rose nor fell because of Elon Musk . Instead, each cycle was simply due to run its course. Hopefully none of you bought the top. The bottom is where buyers find most profit :)
If people were amazed by the previous Dogecoin pump, just wait until Wave 3 kicks in! You’d be a fool to miss it.
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a more precise markup of the current leading diagonal looks like this:
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Doge prepares for $0.60. Bear wave over (for now).