How about back to the 51 USD in WTI. 61,8% retrace and 161,8% extension of the recent downtrend impulse
Bearish divergence on the horizon. We just reached the 61,8% retracement of the last downmove.
If Doge manages do push over the invalidation line and the ascending triangle, the uptrend continues. Otherwise it will fall down to targets 2 and 3. Target 1 reached yesterday
Bearish Gartley Pattern! Weekend Selloff Price Target 0.30 Perfect Ratio! And I didn't see it coming....
Should have seen this coming.... Entry would be D. Targets on the two retracements from A to D. Hope for a return at 0.30
New Uptrend or Downtrend...? We might see an ABC correction to a 32300 level before the next decisions
The next (or even last?) chance to form a bullish XABCD pattern lies at around the at 0.27 If we make it or not, we can expect some reaction there
If we break out of this symmetrical triangle, the calculated Elliot waves 3 and finally 5 correlate with the triangle price target
Since its breakout above 0.20 on August 7th doge managed to hit the 168% Fibonacci extension twice. First in an Euler Wave A or 1 at 0.27 on August 8 and as a result of this Fibonacci impulse in an Euler C or 3 0.35 on August 16. Now it is the moment of truth! Doge failed to hold the 0.325 support/resistance line, built a XABCD bearish pattern and a second...
If we reject from the ascending triangle and from the resistance line, 0.30 is the next target of the pattern
0.22 looks like the final target in case of a bearish breakout down from the triangle
First: I am a Dogecoin hodler and lover, but this looks bad. If we reach the 0.22 final correction target and then do a 50% retrace as usual, the next Fibonacci extension 168% would be exactly 0.09, possible by mid of September. Sounds bad. Looks even worse. But possible. And could lead into a crypto winter for dogecoin.
New version of this idea. I think, we have to build a new high to confirm the uptrend. Next target 0.46, then 0.93, then 5 USD
Hodling this level looks great. We should never go below again...
Not hard to predict. 0.34 is still a strong resistance. Break it!
If Bitcoin forms a head and shoulder, the whole market could expect a huge 30% drop
Forget Trendlines... Tried to make a clear copy of the recent Elliot wave patterns that leads us to 0.46 and then quickly to 1.61, which makes more sense to me now. After a major upmove it might consolidate at 0.44 before pushing further. Thanks for the comments.
My idea for the next wave up to 0.46 after breaking out of the triangle and the correction down to 0.36