As BTC is slowly recovering (look down below at our analysis - it is newly updated) we may find another undervalued project. Today we want to share with you our technical analysis of DOGECOIN. This is purely technical
Let's get down to the facts.
Elliot Wave pattern finished - (1-5) UP and (A-C) DOWN
New cycle has just begun (1-5)
Trend-based Fibonacci extention - we are very low at the scale
Stoch RSI is in the oversold area which is bull's sign
Our favourite - Weis Waves - this is a bit weird - both supply and demand are strong but during last Elliot pattern we managed to obtain almost 100% gain. This may happen this time. Be ready for massive green wave and rally up.
Stop-loss: It depends on how conservative you are. Here are some options 1. 0.00000050 (very conservative) 2. 0.00000045 (normal) 3. 0.00000036 (loose)
Good luck. What do you guys think about this project? Do you think we can go even higher? Can you post some news about Dodge? All your comments will be highly appreciated. Don't forget to follow us! Thank you for being here!
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