BINANCE:DOGEUSDT   Dogecoin / TetherUS
DOGE is known for insane Muskrallies and now it seems to be ready for one.

It's at the bottom support of the channel.
Whether this is a 2nd wave or a B wave doesn't really matter because the E bounce would already be 50%.
Anything below 16 cents would invalidate this idea and would most likely take it to 8 cents
Comment:
So far a perfect reclaim of the channel including a backtest. 6% up currently. Very bullish
Comment:
In order for DOGE to stay bullish it needs to reclaim the bottom trendline so D of the ABCDE can be verified as a fakeout
Comment:
It's still possible that DOGE made a D fakeout but the odds are getting really small.
The weekly level needs to be reclaimed in order for DOGE to build up it's momentum. Otherwise 8 cents will be reached

Disclaimer

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.