Doge/USD: And it has begun!!!

١٠ ديسمبر ٢٠٢٣

After a painful year and a half long bear market consolidation, Doge is one again ready to take a bite off this market. After breaking out of the triangle structure, It has made a complete 5 wave up, 3 waves down and on its way to another 5 waves up. There is still a chance that the current move up could be a higher degree wave c of a higher degree wave B to 13 or 14 cents. If the price plunges back below 7 cents, then that could confirm much higher degree wave C or a wave Y down to 1 cent or so. But at this moment it does not seem like it. Markets overall are looking like a real bull market beginning. Weekly RSI has poked its head above 70. This doesn't happen on bear markets. In Doge coin's history RSI poke out of 70 on a Intermediate degree wave 3, then comes back to test 70 and then pumps again to complete a wave 5 top to end a primary degree wave (except in the very beginning). If history rhymes again, then we should see 100x or more gains before 2024 ends. So, for now, watch 7 cents level and as long as it holds, hold on your bags and enjoy the rocket ride!

Happy early new year!!!