It’s time to steer clear of Elon Musk’s favorite cryptocurrency! From the point where we placed the red arrow on the chart, it seems that a major correction of Dogecoin has begun, and at the point where we placed the green arrow, the bullish phase of Dogecoin has started - a significant phase lasting several years. This bullish phase, based on the price-time rule, appears to be a symmetrical pattern or diameter. Currently, it seems that wave E of this large diameter has completed and the price is entering wave F, which is a bearish wave. The previous corrective waves of this peak lasted from 196 to 347 days, so wave F is also predicted to last from 196 to 347 days. Similar to waves B and D, wave F is expected to be highly volatile. Between the two vertical lines and in the horizontal green area, the correction for wave F is predicted to end, transitioning to wave G. Wave G will be a bullish wave that could lead to a new ATH (All-Time High). A weekly candle closing below the invalidation level will invalidate the buying outlook for the green area. To manage risk, please remember to set stop losses and manage capital. Please comment if you have any questions. Thank you
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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