DOGE (DOGECOIN): Needs to Find the Bottom in Pattern & Elliott Wave Count
SUMMARY
A breakout is very likely and the purple Elliott Waves project an impulse rise to 123213 Satoshi for wave 5. This would be a 11280% profit potential. Will this happen overnight? No, it'll happen in a five wave impulse. The past is no guarantee of future performance, fractal impacts do linger. Fibonacci measurement shows a 0.78 correction level.
Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex.
Still, there is a scenario for a one more slightly lower low if price wanted closer proximity to the Apex. The blue arrow shows how any good Technical Analyst might call it a bounce awaiting a lower low. But even at this early stage of the bounce, not enough sellers were populated so that price had to go up.
Even into this upward wedge; the seller repletion just was not enough to fulfill the wedge price travel guidance.
Legal Disclaimer: This post is for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this post has been researched and is thought to be reasonable and accurate, I cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.
