Dogecoin update. Continuing my previous analysis. Dogecoin has reached the wave axis of the ascending wave sequence. Apparently from this axis (orange yellow line) he began to rise. According to the wave rules, a symmetrical shape can form on the wave axis. An important factor we need to mention now. This is none other than the dogecoin itself. The creation of this was announced by Elon Musk at a gathering of friends in 2013 as a joke. Since then, this instrument has come a little tumbled but come to life. Quite often the instrument is illiquid. This is why it is easy to generate larger movements in it. In technical terms, the wave should rise from the axis. In the event that it becomes illiquid, the spike shown in the red square will be repeated but in the opposite direction. I indicated this in my analysis. If it lags and continues to rise, the target price already mentioned in my previous analysis is also achievable.
Hey sir what is called this stragedy I mean these rectangular you draw it I appreciate your answer ❤️
meszaros
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@Omeda12, The different squares symbolize the top and bottom of a stock market wave movement.
Omeda12
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@meszaros, sir i searched on youtube and google but there is nothing with these topic the different squares .......
MAUROHENRIQUE2021
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Hello Sr, Great technical knowledge
Since its analysis, dogecoin has been driven by Elon musk's twitter among other things, being speculative movements
I believe that euphoria is different from capital markets, where companies specific bubbles when they get this valuation% return, but the animation of the cryptocurrencies the movement remains.
you can update your technical knowledge for DOGEUSD
I believe it is in a nice support within a trend line in a buying zone, from elon's SNL the currency has been falling (Correcting in my view) tks.
meszaros
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😀👍
btcdigital
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nice. you target is reached today.👌what do you think will come next? will there be a correction? what will be the next tp?
CryptoEnchanted
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I'd antisipate a lot of liquidity at that 0.03 level. It's where the stops will be placed after the media hype ...I'm a buyer at 0.03 for 10x .This market has all the signals of a mark up phase.
mikeUkTrading
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I'm on board with this analysis despite today's sell of, still👍
Simply because a lot of push back from it.
siraanu
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Sometimes market is against the market sentiments, expecting good movements on it!!!!