Ending Diagonal Wave with Converging Lines
its looks like doge ABC weekly correction is done,
base on elliot wave were at the ending diagonal wave
if this materialize then wave 1 is going to hit soon.
on our counts dogecoin should reach $2 or near $2 this 2022,
the problem is theirs a strong hawkish feds rates that can change
the whole crypto currency directions, so were very cautions above
$1
for now lets just break $0.18-$0.20 then it means $0.35 is next,
i will update this chart or create another charts after $0.35 then
we will try to locate how far can doge go this time, for me as long
feds rates is under 1.50% then were still good.
base on historical data veterans knows that after invasion's of any country
theirs a strong bounce and also from historical 75yrs charts when feds is
rising s&p close the year end strong and thats we called parabolic moves,
for crypto as long bitcoin is going to wave 5 weekly at $100k - $125k+ then were
good before it goes to blown off.
i hope this charts helps you.
its looks like doge ABC weekly correction is done,
base on elliot wave were at the ending diagonal wave
if this materialize then wave 1 is going to hit soon.
on our counts dogecoin should reach $2 or near $2 this 2022,
the problem is theirs a strong hawkish feds rates that can change
the whole crypto currency directions, so were very cautions above
$1
for now lets just break $0.18-$0.20 then it means $0.35 is next,
i will update this chart or create another charts after $0.35 then
we will try to locate how far can doge go this time, for me as long
feds rates is under 1.50% then were still good.
base on historical data veterans knows that after invasion's of any country
theirs a strong bounce and also from historical 75yrs charts when feds is
rising s&p close the year end strong and thats we called parabolic moves,
for crypto as long bitcoin is going to wave 5 weekly at $100k - $125k+ then were
good before it goes to blown off.
i hope this charts helps you.
Note
CorrectionsOn ending diagonal, 1 should be 3 and 2 should be 4, i did slight wrong in numbering thank you.
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Related publications
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.