Dogecoin (DOGEUSD) has so far fulfilled our July 24 2023 call (see chart below) for 6 months of sideways trading and is about to get out of this Cycle's Accumulation Phase:
As you can see on this chart, the price action respected our Accumulation Phase boundaries strictly and is about to form a 1W MA50/MA100 Bullish Cross. When this Cross was formed on each of the previous 2 Cycles, Doge started a rally. In the case of 2020 it was almost instant. We are less than 3 weeks before completing 1050 days from the All Time High (ATH), which during the past 2 Cycles was a benchmark for the start of the Parabolic Rally Phase (green Rectangle).
As a result, we are turning aggressively bullish on Doge, aiming at the 0.786 Fibonacci level of the Channel Up at $2.000. That is a fair Target price but we believe that if the market makes an overextension, we can even see it reach as high as $6.000.
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Do you really think a sh*tcoin that's already worth $17 BILLION dollars is going to 20x to $2? Learn math. And to the newbies, please don't take this post seriously...
theNowayfra
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@logitech69, market cap doesn't mean much if nobody is willing to sell in a manic bull phase
TradingShot
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@logitech69, My math is just fine. You clearly don't understand how speculative markets, which is what you are trying to trade, work.
similarSeahors43431
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@TradingShot, I don't think people understand marketcap in general. Its not how much money was necessarily put into an asset
Godofcatchemaal
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market cap irrelevant. It's the order books that determine the price. Many Doge have been lost over the years... mcap meaningless...