dogwifhat Correction Alert! (You've Been Warned!)
2024-10-24

I see five green weeks leading to a lower high (Doji) with decreasing volume each week and then the action turning red. This is happening after dogwifhat (WIFUSDT) peaked in late March 2024. So the five green weeks after a rounded bottom counts as an inverted correction which is over, and once a correction is over we get an impulse.

The initial and main move is the decline that started in March, so, we are about to experience the continuation of the bearish impulse, the resumption of the downtrend; dogwifhat is about to crash.

Thank you for reading.

Namaste.