DOGE - Brutal sleeping giant! Huge falling wedge
- The doges are still sleeping and we need more time to start a new uptrend, much more time than I expected previously due to fundamental changes in global economy.
- I belieave we will have a very nice rally after we finish this falling wedge on the daily / weekly timeframe! But for now, the bears are still powerful.
- The falling wedge is really beautiful, I like it! Unfortunately we have only 2 touches on the downward trendline and that's not enough in my opinion.
- According to my Elliott Wave analysis, we need to complete this impulse wave with another impulse to the downside because this structure is incomplete and I don't really see it as an ABC correction.
- We don't know where the fifth wave is going to end, I think we can touch the downward trendline 2x more times with a divergence on the daily chart.
- I think DOGE is a great altcoin and definitely will have a place on the ladder of coinmarketcap, because it's a very popular coin and people like it. Elon Musk is also a fan.
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