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The main take out: After 4 months of watching at this chart i made a conclusion. Here is the global picture. The reactions on the chart are always zigzags. The whole figure has: 3-5-3-5-3 structure, which gives the impression that it is an ending diagonal. The target for diagonal is the figure base, marked by the blue horizontal line - 9.42% on the dominance, or +72% from the current value. If the chart will consolidate above 5.81 %, i.e. above the sloping downtrend line, it would be confirmation that bear market has started in 2024 December, or we are in ABC now. This trend line is the key because this line is global for the current bull market. If this is an ending diagonal figure, I beware for the future of national fiat-currencies, after the bear market on cryptocurrencies. #Elliottwave #cryptocurrencies #dominance
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Hej collogues, I find it more convenient to publish some updates on X. They are short but not less important. If you want to be in profit, subscribe me there. @_doge_store | on X - Dogecoin $DOGE #Dogecoin #Elliottwave
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1) Dogecoin chart shows potential upcoming pullback to at least 0.28-0.38 USD, there is bullish divergence at 1d RSI, the figure resembles wedge with target 0.38. 2) In the same time SMA 64 gone under SMA 200. 3) usdt.d confirming crypto may rise at 1d In total: 2 bullish points, 1 bearish point, 1 not proved. $DOGE
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Here is an update the global picture. An interesting facts are: 1) The reactions here are always Zigzags. 2) The latest part at this chart has channel characteristics. 3)The figure at the moment has: 3-5-3-5-3 structure. So a first naive conclusion is - this might be an ending diagonal of primary degree. If this is an ending diagonal, I beware for the future of national fiat currencies, after the bear market on cryptocurrencies. But i need to think more on this discovery. #Elliottwave #elliottwaves
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MACD on usdt.d confirmed the rise. The movement may test the downtrend line for the third time. In other words, it is correction of correction, so we may see one more dip on crypto the next week.
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