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tendency
Dec 24, 2021 3:21 PM

DOGE: more pain to come for longs Short

Dogecoin / United States DollarCoinbase

Description

Much as I like the long term future of DOGE - which I personally consider the one true proxy for ALL of Elon's business ventures - based upon my chart analysis it looks like we'll have another wave of selling into early January. Note the similar fractals noted with the green elipses. We have an ABC retrace off the low from a couple weeks ago and should be starting a 3rd wave lower shortly. On a good note: once this last correction completes it'll be off to the races.

Comment

Looking good..
Comments
UnknownUnicorn5920815
Agreed. We are in ST phase B according to my Wyckoff pov. Spring could be from 0.07 - 0.1.
rjsnipps
One is a diamond top. The last is a diamond bottom. Should be looking at ab upward reversal.
tendency
@rjsnipps, Neither look like diamonds to me - we'll see how it plays out. I'm super bullish on DOGE long term and am open to it having bottomed but doesnt look like it has to me.
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