Fib Extension counting the run from last week as a Wave 1 & 2
Levels and Chart based on Log Scale.
Hourly Chart
Smaller Wave 3 target ranges from $0.05 to $0.14
Larger Wave 3 Target of $0.84 (Can potentially run to $1)
There is an argument that if DOGE hits $1, it will be the 3rd largest cryptocurrency.
I believe it can hit the target because
1. It will not stay there for long.
2. Cryptocurrency market bull run is just starting (DOGE could potentially start the Altcoin rally)
3. Weak dollar, and continued downtrend.
4. Momentum/Hype (GME, WSB, etc.)
5. Stocks are heading lower/correcting more in the coming weeks.
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
Levels and Chart based on Log Scale.
Hourly Chart
Smaller Wave 3 target ranges from $0.05 to $0.14
Larger Wave 3 Target of $0.84 (Can potentially run to $1)
There is an argument that if DOGE hits $1, it will be the 3rd largest cryptocurrency.
I believe it can hit the target because
1. It will not stay there for long.
2. Cryptocurrency market bull run is just starting (DOGE could potentially start the Altcoin rally)
3. Weak dollar, and continued downtrend.
4. Momentum/Hype (GME, WSB, etc.)
5. Stocks are heading lower/correcting more in the coming weeks.
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
Trade active:
Entered : 31,000 @ $0.028
Comment:
First target range was hit, $0.05. With how much FOMO there is, looking for ~$0.09 and $0.14
Comment:
Remain Bullish above Middle white line in Bollinger Band Sell if it does not hold. You can see in the last run, it remained above the white line. Blue line 50 Day Moving Average also will act as really strong support.
Comment:
Expecting either a retrace back to $0.034 or sideways price action/consolidation until next move higher.
