DOGE - $0.30 Next Target, Elliot Waves

CryptoCheck- Updated   
BINANCE:DOGEUSDT   Dogecoin / TetherUS
📉Hi Traders, Investors and Speculators of Charts📈

Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here):

The DOGE fractal I've been following has played out extremely well, and so I will continue to follow this fractal:

Since we have now completed Elliot Wave 2-3, we are seeing the corrective phase of 3-4. This means we have yet another impulse wave upwards to look forward to after the correction is completed.
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio.

Fibonacci Ratio Relationship

• Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
• There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3

Therefore, if wave 3-4 does not retrace beyond wave 1 our next target price is around 0.33:

The GOOD NEWS though, is that this could very well be a small part of a MARO cycle. I've previously explained that Elliot Waves can be like branches of broccoli - each wave makes up a part of a smaller or bigger wave, including ABC corrective waves in each impulse wave, as demonstrated by the front page chart.

Previous DOGE idea where we first look at the fractal:

If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.


📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍

Make sure you check out the ETH update:
Latest Solana Update here:
Latest XRP update here:


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.