DOGEUSDA Wyckoff Accumulation Analysis for reference late if confirmed.
Note
Updated Counting FiguresFrom 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 forecastFrom 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.
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Disclaimer
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.