meszaros

Dogecoin update.

BITTREX:DOGEUSD   Dogecoin
Dogecoin update. Continuing my previous analysis. Dogecoin has reached the wave axis of the ascending wave sequence. Apparently from this axis (orange yellow line) he began to rise. According to the wave rules, a symmetrical shape can form on the wave axis. An important factor we need to mention now. This is none other than the dogecoin itself. The creation of this was announced by Elon Musk at a gathering of friends in 2013 as a joke. Since then, this instrument has come a little tumbled but come to life. Quite often the instrument is illiquid. This is why it is easy to generate larger movements in it. In technical terms, the wave should rise from the axis. In the event that it becomes illiquid, the spike shown in the red square will be repeated but in the opposite direction. I indicated this in my analysis. If it lags and continues to rise, the target price already mentioned in my previous analysis is also achievable.

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