DOGE Coin: Price is VERY Close to the Apex!

in doge •  7 years ago 

SUMMARY

DogeCoin (DOGE/USD) price is very proximal to the apex of the downward wedge pattern. Does this mean that a breakout will assure a new all time highs? No. However, a breakout is expected to provide a sizable % gain. As Altcoins have shown the tendency, even after a breakout, a lower low can be placed because such is the pull of the time extension for these corrections.

IF a breakout in the MACD occurs, it could potentially even move at an impulse as shown by the blue arrow line. Probability leans towards discounting the likelihood of a further decline in MACD vs an upside. The next 3-5 days should provide the resolution to direction.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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nice sharing

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Dude! do you like STEEM coin long term or not as a HODL? I have seen several people ask you this with NO response EVER. @haejin

He is not your DUDE!

  ·  7 years ago (edited)

Why would you hold long term a coin that gets decimated by design about every two years?or havent you bothered reading the white paper?

Chance of an updated count on vxg/btc? I am seeing a AE wedge correction and another jump happening soon. Thanks Haejin!

I agree. I'd love to see another XVG update, especially if it came with some short term targets. On the last update I couldn't tell if the projected impulse on the chart given was supposed to represent actual targets or if it just represented some increase in price as a 5-wave impulse.
I didn't sell during the last two upward impulses because they fell short of my sell ladders and I'd love to capture some profits this time.

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Helpful analysis

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Powerful piece of information

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I don't believe in all these analysis when it comes to cryptocurrency, anything can happen, nice analysis all the same

I like it

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Go dogies go go.
Do you guys think we are gonna see a improvement in market prices now the tax year is over?

Sweet!😊

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  ·  7 years ago Reveal Comment

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