Dogecoin’s price action is unfolding in a fascinating multi-year symmetrical pattern, and the next phase could define its trajectory for the coming months. Here's the detailed breakdown of Dogecoin’s roadmap based on the Neo Wave and Supply-Demand analysis:
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Wave Analysis: A-G Progression 🚀
1️⃣ Wave E Completed 🌟
Dogecoin recently completed Wave E, a bullish phase marking significant price recovery.
2️⃣ Wave F: The Correction Begins 📉
Wave F is now in play, expected to be a highly volatile corrective wave.
Historical data shows that similar corrective waves (B & D) lasted between 196 and 347 days.
Expect the price to consolidate and retrace within this period before transitioning into the next phase.
3️⃣ Wave G: Bullish ATH Potential 🌕🔥
After Wave F, Wave G could initiate a major bullish rally, potentially pushing Dogecoin to a new All-Time High (ATH).
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Key Levels to Watch 🕵️
Horizontal Green Zone:
Acts as a key support area where Wave F correction is expected to conclude.
Invalidation Level:
A weekly candle close below this level will invalidate the buy outlook and require reassessment.
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Risk Management & Strategy 🔑
Stop Loss:
Essential to safeguard capital amid Wave F volatility.
Capital Allocation:
Avoid over-leveraging during this corrective wave.
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What’s Next?
Stay cautious during Wave F’s volatility, but prepare for the bullish potential of Wave G.
Watch for price movements near the green zone to position yourself for the next rally.
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💬 What’s your strategy for Dogecoin in Wave F? Are you holding for Wave G or waiting for better entry points? Let us know in the comments!
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