$DOGE $10+ DOGECOIN?!🚀🚀
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In this Monthly chart I am using a custom indicator to highlight different price actions in each cycle for DOGECOIN. Each color indicates various phases of the cycle:
Purple: Bull market/top
Red: Top/beginning of bear market
Orange: Bear market
Yellow: Accumulation
Green: Good time to buy/near low
Blue: last consolidation
Currently, we are on the second purple monthly candle. Historically, there have been seven of these in a row. I expect a similar pattern this cycle, with prices continuing to rise on the monthly timeframe over the coming months, though there will be some pullbacks.
Additionally, I have included the Fibonacci indicator to show how previous cycles have topped out:
1st cycle: Topped out at 161.8% Fibonacci level
2nd cycle: Went even higher to 227.2% Fibonacci level
The third cycle hasn't reached its peak yet, but based on historical trends, I expect the price to reach 227.2% fib, if not higher, due to #DOGECOIN's increasing gains in each cycle.
🚀 To the Moon! 🌕