The recent price action from end of June low is creeping up but not a very impulsive way. The drop from May high is in a 5 waves move. That makes things a bit open to interpretation. 5 waves move can both start or end a sequence. So, the question is, if the correction over already or if Doge is heading for another sharp move down. If the later, then we should expect price to drop in another 5 waves move down to 11c - 9c area. right below wave A, 13c area. If that happens, then it will be a solid buy for me. In no circumstances, price can fall below primary wave 4, 5.6c. If that happens then a much bigger primary wave 4 would be in progress and we should expect price to fall below 3c. If the correction is over and Doge is heading towards $1, then we should see the pullback very soon and sharp move above 26c. Price cannot break the 14c low. Only above wave B we can confidently say that the correction is over, and Doge is going towards $1. At the moment, still in a no man's land.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.