Dogecoin price points to a major shift after the golden pocket peak

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.

The insights from this article are valuable for both long-term investors and short-term traders. For just €1 you can join our premium environment for 30 days, where you get access to in-depth analysis, interaction with other crypto enthusiasts and insights from experienced analysts.

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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.”

Date of analysis: November 25th. Link to trading view:

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