DOGE Coin Won't Be This CHEAP for LONG!!
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SUMMARY
The Cup & Handle pattern for DOGE coin is something all readers/followers should now be very familiar with. This pattern is often the slowest to complete and confirm but once done, it can sustain a very long rally. I've mapped out the Elliott Wave price pathway towards $0.0083...or HIGHER!
Here is the weirdest chart I've ever seen! Look at all those bullish, downward pointing symmetrical triangle fractals!!! The only explanation I can see is that instead of making a one large downward pointing symmetrical triangle, Doge/BTC decided to break them up into little pieces. I call it the stratification of sentiment and that's beling reflected in this manner! The bottome line? VERY bullish!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
So would it reach the target price in 2019 or I am reading the chart wrong?
You're seeing it correctly. If you notice, all the huge spikes are nearly a year apart. I expect the spike much sooner than 2019.....like REALLY soon, but it's definitely a trade coin for me when that spike hits, not a holder.
Agreed spike coin tradeable
Wow, i wish I had some Doge Coins with me... Thanks for the update @haejin
Stratificated sentiment explains it well :)
Interesting... I have almost considered this a dead coin.
I am selling my Steem/SBD to LTC/DOGE 👍😊
Doge is a clone of light coin and it can be mined alongside it.
More lightcoin hash rate equates to more dogecoin hash rate.
It is actually faster than lightcoin!
2 doge was my transaction fee! not even 1 c .
If you are looking for value without the risk Doge is your bet.
Need doge.
what is more likely?1bitcoin reaching million USD or 3,000,000 doge equaling .33c?
Buy, Buy, BUY
Hi Haejin what do you think of numeraire? Its a crypto hedge fund run on AI and data science. Its showing a very beautiful cup and handle. I made an attempt at a long term analysis using the following log chart.
If this is heavy on alt coins then it'll probably track the overall trend
any update on eth anlaysis. Thank you
this is actually a favorite coin of mine. The way it sleeps after a rude awakening.
From what I can see on http://www.blocktivity.info/ Doge is better scaled and has far lower fees than Bitcoin. People should just drop their BTC for Doge.
Potential percentage gains are huge....it's notoriously slow in price movement...but it looks like it's ready for launch about now!
I’m getting in on the DOGEBTC trade.
I have been investigating Doge/BTC for a long time each time It has increased i have shorted.
May be this time scenario will be different thank you for your great analysis.