DOGE/BTC Coin: Five Consecutive Fractals!

SUMMARY

Based on this chart, DOGE Coin (DOGE/BTC) really is into the wedge pattern! To see five consecutive rounds of it is quite unusual. For what purpose? To consume time. When price is extending sideways like this and range bound, it's only purpose is to be a time pacman. That is until demand overexceeds the supply. DOGE/BTC is also well within a broadening pattern which fits well into its range bound propensity.

A higher resolution look shows that the recent two replicates were separated by a basin phase. The current wedge pattern should reflect five waves in the form of abcde. Of these, abc seem complete leaving d and d and so a lower low would be needed to complete.

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