Alikze »» DOGE | channelized bullish wave 3 scenario
2024-09-27

🔍 Technical analysis:  channelized bullish wave 3 scenario
 

- Following the analysis of the  previous post , Dogecoin managed to experience growth in a downward channel until the ceiling of channel one, after which it entered a short-term correction.

- Currently, it has left the descending channel and is moving in a short-term ascending channel.

- Now it is at the ceiling of the ascending channel, it can meet the demand with the pullback to the broken structure and the middle range of the ascending channel and continue its growth until the supply area.

- According to the current momentum, the rising wave can grow as much as the previous wave or up to 1.618 supply range.

💎 In addition, if the green box is broken, this correction can continue until the origin of the movement and the range of 100 fibo.
 
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  BINANCE:DOGEUSDT  
 