DOGECOIN, Descending-Wedge, Ready For A Dedicated MARK-UP!

Hello,

Welcome to this analysis about DOGECOIN, we are looking at the 4-hour timeframe perspectives. When assessing the cryptocurrency with the different altcoins it is always important to look at the most likely setups and differentiate the certain cryptocurrencies as there is a part that develops more bearish movements, while others are in neutral conditions and again others have solid bullish structures. In this case, I discovered the main formation in DOGECOIN that has the ability to be the origin of incoming volatilities and developments to the upside, therefore it is necessary that DOGECOIN rightly completes the formation, as for now there is a high possibility given that this will happen in the upcoming times.

As when looking at my chart now marked there with the black boundaries I detected the major descending-wedge-formation DOGECOIN is building here. In this formation there is a coherent wave-count with almost all relevant waves already completed, now the last wave E is remaining which can either travel completely to the lower boundary again or bounce in the structure to set up from there and complete the formation. The completion of the formation and therefore activation of upside-targets will happen with DOGECOIN breaking out above the upper-boundary and closing there as it is marked in my chart. When this finally happens it will activate the targets at the 0.28 level marked in my chart in blue. After DOGECOIN has shown up with the breakouts and stabilization above the upper-boundary there is a high possibility given that the targets will be reached in the schedule and once this is done the situation needs to be elevated anew, it will be an interesting development ahead.

Therefore, thank you for watching my analysis about DOGECOIN and the main descending-wedge-formation with the upcoming determinations and breakout to reach the targets ahead, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the markets.