After a strong bullish move an equally strong correction follows... Dogecoin is reaching the end of this correction based on multiple signals.
After the 1-Nov. peak price, a classic ABC or Zig-zag correction showed up.
This correction hit a low 84 days later on January 24.
This low hit the August 2022 peak, signaling that the bottom is potentially in.
After this low, we also have multiple bullish candles, a rising RSI and a strong high volume day 31-January.
The correction can continue and breaking below the 24-Jan. low would be a bearish development but, the signals I mentioned above are pointing to the continuation of the previous bullish move.
Normally corrections can take 1-3 months within a bullish wave. This one has been going for 3 months if we count up to this date... Things can change any day.
Namaste.
After the 1-Nov. peak price, a classic ABC or Zig-zag correction showed up.
This correction hit a low 84 days later on January 24.
This low hit the August 2022 peak, signaling that the bottom is potentially in.
After this low, we also have multiple bullish candles, a rising RSI and a strong high volume day 31-January.
The correction can continue and breaking below the 24-Jan. low would be a bearish development but, the signals I mentioned above are pointing to the continuation of the previous bullish move.
Normally corrections can take 1-3 months within a bullish wave. This one has been going for 3 months if we count up to this date... Things can change any day.
Namaste.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.