DOGEUSD Wyckoff Accumulation Analysis

BINANCEUS:DOGEUSD

A Wyckoff Accumulation Analysis for reference late if confirmed.

Note

Updated Counting Figures

From SC (potential full markup target at BC)
.5350 + (0.005 x 3 x 69) = $1.57 HTR
.4200 + (0.005 x 3 x 69) = $1.45 LTR

From Spring (potential next leg up for further re-accumulation)
.5450 + (0.005 x 3 x 25) = $0.920 HTR
.3500 + (0.005 x 3 x 25) = $0.725 LTR

Note

Updated price forecast

From SC (long term markup high)
77c @ .420 / .50 =
LTR $1.57
ATR $1.61
HTR $1.655

From Spring (short term next move higher)
31c @ .35 / .50 =
LTR $0.815
ATR $0.89
HTR $0.965

From Recent Lowest Low (short term next move higher)
21c @ .465 / .50 =
LTR $0.78
ATR $0.795
HTR $0.81

Order cancelled

I sold before the dump. I still think this is a long and think placing a position once low volume sideways price action occurs. The ability for DOGE to pump is impressive, and should not be overlooked. They have a strong community, social media presence, ability to hype, and whales with ability to release liquidity. Waiting for accumulation phase to occur and a 3x+ return is possible on next pump.

CraftyChaos

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