DOGE - Analysis (413% PROFIT POTENTIAL)
Will The Dog Howl For The Moon?
Hey Steemit!
First post here. I'm using Elliot Waves and Chart Pattern analysis to predict price moves and trends. I learn new things everyday and look forward to share what I know and at the same time start discussions and hear your opinions and perspectives.
So I'm gonna start off with giving you my analysis for DOGE.
I'm not a big fan of investing in meme coins or coins that don't have strong fundamentals. However, I'm not gonna close doors to great profit opportunities so I've only put in a smaller chunk of my portfolio into this.
I started buying in at around 20 satoshi and have been continuing buying in up to 62 satoshi. The downward pointing fractal that I've drawn with yellow lines is a bullish sign and it has completed a long and healthy correction. I believe we've completed Wave 1 and 2 and we're in the beginning of Wave 3 which could be the longest. It's still not too late to buy in as I believe we're at it's infancy of Wave 3. The 5 impulse waves 6 months ago really shows the potential for this coin.
I'll give you an update on this as soon as we get more data.
Investment summary:
⭐⭐⭐⭐ 4 out of 5 stars on this investment
🤑 Short Term Target at 0.00000128 BTC
💲 Potential profit 200%!
🚀 Long Term Target at 0.00000250 BTC
💲 Potential profit 413%!
Please Upvote and Resteem if you like this analysis!
Follow me on Twitter at http://www.twitter.com/benkalashnikov
The bigger picture:
Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.
Doge Has been one I have been curious about. What are we really buying into with this one? I'm pretty new to the Crypto world still
Well, it's been in the game for a while and has a strong community. Just don't see any more value than that. I look more on technical analysis and invest in coins that I believe will go up. Coins with good fundamentals like Steem, Eos, Cardano, Bitshares are more long term holds for me.
Pretty interesting. Check my blog if you interested in Technical Analysis!
Happy new Year!
I will! Happy New Year!
Congratulations @benkalashnikov, you have decided to take the next big step with your first post! The Steem Network Team wishes you a great time among this awesome community.
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