dRends35

ELON - Rise Of Dog Coins πŸ•

Long
KUCOIN:ELONUSDT   Dogelon / Tether
Dogelon Mars - Current Rank #333

We've seen the wild pumps in higher ranked dog coins; SHIB and DOGE both top tier coins have been ripping it.

I gave you guys SHIB at the base (see "Related Ideas below) and recently it was up 430% and probably more to come there.


But now money is trickling like a waterfall πŸ˜… into lower ranked dog coins like ELON.

The name is quite a joke...

Because it has references to Dogecoin, Elon Musk and Mars.

Doge is the well known dog coin that pumps.

Elon Musk can't put a foot wrong and so of course a meme coin connected to him should do well.

And Mars, well they like to hit you with the space content and you can dream dreams...

So it had to pump really.

Perhaps it will pump to "Mars" at which point Elon can make a joke Tweet about it to pump it some more πŸ˜….

Anyhow ELON appears to be in a higher time frame wave 3 and this area will prove to be a correction before the next wave up.


Its been wild already but if it will get much more wild if it continues up from here and there are dizzying targets above.

Unlike SHIB, I didn't give this one at the base of the trend.

But for reference, the wave 2 low was a similar contraction pattern to SHIB.


But that is gone now.

A solid momentum buy is still possible here though; buying into this correction.

If this is in a wave 3 then it should be heading on up soon enough.

However in the short term, I think most likely it will drift a bit more to catch a breath before the next wave up.

And it looks like this recent pull back is a wave 3 and so this can be a good area to buy.

The next target is @ 1.618 extension @ $0.00 (lots of 0s) 006578.

And if you are a believer of Elliott then the 2.618 wave 5 completion is up @ $0.00 (lots of 0s) 017144.

But without Elliott Wave considerations I think that this can make a new all-time-high and there is nothing to say that it can't go much higher.

Because...

This break up looks like a cycle low.

And we may see a big correction along the way.

A lot depends on how well and for how long Bitcoin holds up.

But these areas I am posting may be well down in the chart by that point.

Let's see how it goes.

If Bitcoin drifts or pumps without any significant bearish action then this looks good for another wave up.

Not advice.

I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐

Part 1 of weekend video 25/5 now uploaded to the group😼.

$50 per month πŸ‘πŸ».

Contact: t.me/dRends35
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