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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I disagree :)
Pink is not the better color for your essential message to be deeply understood by your readers imho ...
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Thanks for sharing this photography
HAEJIN Should even FLAG YOU for this stupid fucking comment!!!
THIS DOPE AND ALL BUT DO ONE WITH STEEM COIN
HE JUST DID THE POST BEFORE YOU DUMB FUCK!!!
You a clown 😂😂
Better to be a Clown than a SCAMMER like @Haejin
Doge has been up and down lately.
Do TRX haejin. Thanks
Yes, TRX/BTC has same kind of pattern, could be interesting to have some TA on it.
Thanks for sharing information >> Steem And Tron is better than it Doge take to pump too long
Nice post. I am not a financial advisor nor is any content in this article presented as financial advice.
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Very interesting pattern ! I have some question to ask :
If one labels the first 3 as a wave 1 and 2, could the 4th be the wave 1 of one lesser degree (so the w1 of the w3) and the 5th be the w1 of two lesser degree of the first 3 ? In that case this coin could really go to the moon because the wave are really large (goes up and down from 25 to more than 100 sat) ? Does it make sense or is it better to just consider it as a correction and wait for an uptrend ?
I mean, if this is for time consumption, it also means that buyers, so potential holders, are there and just waiting for more money (so new investors) to come in (or in other word that some supports holds and some resistance are broken), this should happen if BTC, so the whole crypto world, becomes bullish again, am I right ?
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Doge Coin economically viable in the collection
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@ranchorelaxo has finally been identified!