Good day my fellow Cryptocurrency trader, I am hoping you are having a wonderful start to this week.
The Cryptocurrency market is doing great but the action is about to turn mixed.
We will have many Altcoins grow really strong —already happening. While many of the big projects will enter correction mode —already developing.
We can see Dogecoin turning red on the weekly timeframe and that's ok. This correction should be short-lived, 2-3 weeks can be a good projection but it can extend to last 2-3 months.
Some projects will go down for 4-6 months while others just a few weeks.
➖ This year, 2024, will be bullish for Cryptocurrency as whole. ➖ Next year, 2025, will be the time to go nuts (new highs, All-Time Highs and so on).
👉 Short-term Dogecoin is set to move lower, produce a correction or retrace followed by long-term growth.
👉 The next All-Time High can go as high as $2.999 or $3.333. This is a good range and right now this would be equal to 20 some X. (2,000% potential for growth.)
I think the best we can do is to buy when prices are down to later sell when prices are up. Keep the bigger picture in mind so that you we are not confused by short-term noise.
Yes it can drop, it will drop but long-term it will grow.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.