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dgtrd

DOGE Extremely Greedy

Short
Dogecoin / TetherUS (BINANCE:DOGEUSDT)  
dgtrd Wizard Updated   
BINANCE:DOGEUSDT   Dogecoin / TetherUS
Fibonacci Economic Cycles Elliott Wave DGT
68
23
fibonacci economiccycle elliottwaves dgt
A quick analysis with Elliott Wave : possibility of a deeper pullback till the monthly Central Pivot Range details on charts

snapshot

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Trade closed: target reached
Comment:
the thing that makes me concerned that the latest sharp move may require a longer correction and we may experience a retest of the latest low even lower before any bullish move

here are some observations
morning star pattern can be used as a visual sign for the start of a trend reversal from bearish to bullish
volume is not really contributing to the pattern formation
falling wedge pattern can occur just as the trend makes its final downward move

snapshot

if the price is able to breach cpr levels, then we may experience a move higher (but not ATH) then reverse to complete Elliott Wave double correction, otherwise we can experience further move down if the formation is impulsive 5 waves

oscillators are positive for time being, adx falling and positive directional index increasing. Ichimoku could can be a potential resistance

snapshot

analysis provided herein is not a financial advice
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