In this article, we discuss Dogecoin (DOGE), a cryptocurrency that originally started as a joke but has since gained considerable popularity. Our technical analysis from our premium environment examines DOGE’s recent price movements and takes a look at what we can expect in the near future.
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Technical analysis Dogecoin (DOGE)
Analysts at Crypto Insiders recently took a closer look at the DOGE price. They then shared the following analysis with premium members:
“On the Dogecoin chart we see the completion of an ABC Elliott wave pattern, which could be the start of a 12345 Elliott wave pattern.
An uptrend has been evident since November 20th and appears to be moving towards the golden Fibonacci pocket, located between $0.081 and $0.083.
This particular zone is often a key point for traders, and although the price will test these levels, there will be a significant decline afterwards.
The scenario is that DOGE will make a reversal after reaching the golden pocket and we will prepare for possible new lows in the market.”
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.
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