Crypto Contest November 23: Dogecoin
Dogecoin (DOGEUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com)
Elliott Wave Analysis
In Elliott Wave terms, Dogecoin began a wave one advance in May 2015. The wave one finished in June 2016, and the wave two correction ended in March 2017. The wave three advance finished on June 6, and the wave four correction ended on September 22. If this wave count is correct, Dogecoin should be heading next towards the June 6 peak in the wave five.
(Chart courtesy of Tradingview.com (log scale))
One can see the waves even better in the line chart.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here is the "official" video explaining Dogecoin.
(Source: http://dogecoin.com/)
If you think this analysis is correct, upvote this post and upvote the comment "Dogecoin will takeout the June 6 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Dogecoin will drop below the September 22 low".
If you think Dogecoin is in a range, upvote this post and upvote the comment "Dogecoin will stay in a trading range between the September 22 low and the June 6 peak until December 24".
You can upvote the comment until 3 PM EST November 24 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Dogecoin will takeout the June 6 peak (17 voters as of 3 PM EST November 24: bleujay, otisbrown, reconnectnature, bentleycapital, fitinfun, eirik, cryptotem, thatsweeneyguy, yefet, mgood, tzap90, digitalking, me-do, rekaa, janine-ariane, m3rcos1ty, freskil).
Maybe around february? ;)
Or around December?
Still a while to the peak on btc pair. Dodnt notice at first that you charted the usd one. ;)
You won.
Dogecoin will stay in a trading range between the September 22 low and the June 6 peak until December 24 (32 voters as of 3 PM EST November 24: freiheit50, lydon.sipe, jznsamuel, miniature-tiger, flemingfarm, simonjay, crokkon, lucasgabd, glennolua, themovieplace, skririm, starline, nomadics, toofasteddie, heroic15397, mirda, coolthings, criptorafa, carlosdaniel, richard78624, kanoe, allmonitors, mehdibca, ragnaros, andy23, napkin, incrediblesnow, heidelbaer, margaritaradkova, qmarpot, elisablogs, koskl).
Mybe it need first to test the broken donwtrend and stey some time in rage
That is possible. We almost tested the trendline already.
source: https://www.tradingview.com/chart/?symbol=POLONIEX:DOGEBTC
Could be ready now to take the peak of November 23.
June 6 peak is far far away
Will make it there sooner or later.
Consolidation phase :)
Dogecoin will drop below the September 22 low (2 voters as of 3 PM EST November 24: razorwave8, cassidyandfranks).
will it go to 100 satoshi again ?
It could make it close to there.
Doge will soon get pass steem on market cap. Insanity.
It did already.
Yes, there goes DOGE! Almost like someone threw a bone up the ranks and DOGE keeps on climbing to catch it :)
NOPE!
Please upvote the right comment.
Dogecoin will takeout the June 6 peak.
Please upvote the right comment.
thx done !