Dogecoin price acting as i anticipated in previous postings | dogecoin_chain on Binance Square

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Dogecoin price acting as i anticipated in previous postings - the price will renew the troughs in a short term. 

#dogeusd #Elliottwave 

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DOGE

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+3.32%

98

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Now at Bitcoin acting sub-wave B of a minor degree. The B sub-waves are often exceed wave A top ~102K. Taking this into account, the Dogecoin may either bounce from the resistance, 0.327, or there will be a false exit to the area of 0.385. The third scenario i have mentioned previously. $BTC $DOGE #DogecoinDay

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Dogecoin's daily transaction volume on the blockchain has fallen below 10 billion, the first time since the rally. This may indicate that a breakout may not happen, and a high volatility event is around the corner. The absolute lowest value I observed was 4.8 billion, it was in the October. #DOGE

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The very precise measure Dollar Index shows that the terminal reverse point could reach the global trend line at 111. 1. RSI signaling that reverse already started at a smaller time frame. The chart usually behaves in a very disciplined manner - immediately reversing upon reaching terminal values. But this year i have seen how the crypto acted against DXY. 2. The Fib ratio and sub-waves structure at a minor degree hinting the 111 probability exists. The sub waves here are very compound and take time to develop, so my anticipation it will last whiting 2 months. #EconomicAlert

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Capitalization hints at an upward action ending the September-December rally. TOTAL3 chart has fulfilled the minimal correction requirements at Minor degree and ready for reaction ending the blue third sequence. I have no Dogecoin and keep waiting short orders near 0.53. If DOGE price will act by this path, this going to be a highly profitable and safe trade. Do you see any other assets on the market allowing such safe setup ? $DOGE

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As i said previously the figure is a primary degree Diagonal. If it is ending Diagonal, the price will update 2022 low. If it is Leading diagonal, the price will bump near the basement of the current rally ~0.12 and may reach the global top, near 15 USD. But the leading diagonal scenario is hard to believe in, as the position of the pattern is after the A-subwave of the bear market zigzag. Thus, market has a fractal structure, and we had not seen signs that the bearish structure has ended. Wish you a safe trading and fat profits! #DOGE $DOGE

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