Let Me First Say I called this original breakout for Doge at 8 cents
when everyone was saying short it. Over 60% of the market was short on doge at that point.
We have 3 solid confirmations on the bottom that confirms this path should take us to the top of the 2nd resistance line to attempt a breakout so follow this uptrend channel and wait for a possible...
As we see here DOGE is in a downward wedge on the long-term chart where it hit the top of this trending line now #3 times! So it must go back down right? Well, this might be a great Short setup idea in my opinion .
If we loose the .08351 - .08506 LVL DOGE will most likely go back down and retest the .07780 ZONE of SUPPORT Which means The Doger woger...
Please look at previous times our 1D RSI Stoch hit overbought levels, it is incredibly high now. I opened a risky short at 3x, I think we will all go down to 0.01!
You may be angry, but please analyze the chart yourself. I highlighted the important parts.
Dogecoin going on an A-B-C ZIG-ZAG correction which is a (5-3-5 wave) very common after a good 5 wave impulse
Blue 5 wave Elliot wave in 2021 Jan TO May
ABC corrective wave in RED
We are now in Wave C in the ZIG-ZAG correction (PURPLE)
Wave C is going through sub wave (4) and sub wave (5), we are already going below 78.6% FIB retracement, so the next best...
