Dogecoin - Facts & targets analysisWe see following facts:
1) Facts for go down:
The probability that we will go down is higher than vice-versa. You can see this on 2W time frame;
According to Elliot waves principle the Triangle appears in the wave 4 position, more frequently than vice-versa. Moreover the target of this triangle formation is already reached;
DXY is rising, there are prerequisites for continuation of this movement;
2) Facts indicating go up probability:
Every time when Dogecoin SMA 280 & 938 crossed each other we have seen pump! The first pump was in 2016 Aug +9000%. The second pump was in 2020 Nov +27000%.
In case of confirmation of the crossing we could expect growth comparable to the first pump. In case of go down the bottom is around 0.008;
I personally do not care which scenario will work out, because ready for both scenarios, by managing orders volume & risk/profit ratio.
Hope you too. Good luck everybody and have massive profit.
