DOGE chart, 15 min candles. The chart pretty much says it all. "You are here." If you look at the similarity between the previous two wave patterns, as noted on the chart, you can see it appears we are starting a new wave up. Zooming out, this would also lead me to believe we have just finished Wave 2 of the larger, all encompassing wave pattern. All of that is to save, I believe we are starting Wave 1 of a new leg up, that leg being Wave 3 (often the longest wave) in the overarching wave pattern. Also, volume is a thing to be aware of. I've copied the volume trend line from the left and placed it over on the right to estimate the expected increase in volume necessary to support another leg up. Disclosure: I am long
DOGE (I know, right?) Note
Also note the Three White Soldiers pattern starting at 14:00. Strong reversal indicator. And I forgot to mention, we've seen bullish divergence on RSI and MACD since 00:00 4/17.
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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.