Dogecoin ABC correction entering final phaseI made a fresh clean chart for you to see the obvious.
1 Fibonacci Retracement of the 5th wave from 8 cent to 48.5 cent
2 Fibonacci Retracement from the bottom wick of the A wave to the top wick of the B wave
3 Date & Price Range measuring the A wave and one for the expected C wave both showing us -46% & 12 days
4 Orange Trendline you have seen also in the previous which sits on the top of the 3rd wave.
5 Green Trendlines x4
6 Notice the volume to the left we have a nice green volume when we pumped the 5th wave and to the right we have a nice red volume increasing
7 VWAP indicator also confirming our targets are legit!
Conclusion:
If we drop from here exactly the 46% like we did on the A wave we will perfectly hit our targets between the 0.618 of wave 5 and the 1.272 of the B wave plus support from the Orange Trendline
The last drop lasted 12 days and if the next one should also last around 12 days then time is running out and it might drop in the next 5 days before the upcoming monthly close and might be already finding bottom by then.
We most likely have some reactions on the way down when we reach the 0.786 also green line and the 1 Fib.
If you have not see the previous Idea (Editor Pick) please have a look at it here:
