Dogecoin Breakout: Is Wave 3 Already Unfolding?
Dogecoin ($DOGE) just flashed one of the best signals I’ve seen in weeks: a decisive breakout up from the wedge. For me, this could be the start of a much bigger move and a strong hint that a major low is already in.
Key takeaways (my view)
Wave 2 likely bottomed on August 2.
A secondary low in September strengthened the bullish structure.
I’m treating the current move as the early stages of Wave 3—typically the most explosive leg.
Initial target zone: $0.277 – $0.334 (Fibonacci projections).
Macro Wave 3 target: $0.45 – $0.50+ if momentum sustains.
The Elliott Wave structure I’m tracking
I currently see price building an ABC inside Wave A of 3.
Remember: an A-wave can unfold as either a 3-wave ABC or a five-wave move—both remain valid for now.
If price tags the $0.277 – $0.334 box, I’ll look for a B-wave pullback to set up the next C-wave push higher within Wave A of 3.
Levels that matter to me
Breakout confirmation: Holding above the wedge top on retests.
Near-term target box: $0.277 – $0.334.
Macro target (Wave 3): $0.45 – $0.50+ if structure continues to extend.
What would invalidate my idea?
A clean loss of the September low and a sustained move back inside the wedge would weaken (or invalidate) the immediate Wave-3 scenario. If that happens, I’ll reassess the count.
How I plan to trade/manage it (not financial advice)
I’m riding the breakout while we hold above the wedge.
I’ll scale on dips if we get a tidy B-wave pullback after reaching the $0.277–$0.334 zone.
I take partials into strength near the top of that zone and trail stops to protect gains.
If momentum accelerates, I’ll let a runner aim for $0.45 – $0.50+.
Disclaimer: This is my personal market view, shared for educational purposes—not financial advice. Crypto is volatile; do your own research and manage risk.
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