Dogecoinโs price action is unfolding in a fascinating multi-year symmetrical pattern, and the next phase could define its trajectory for the coming months. Here's the detailed breakdown of Dogecoinโs roadmap based on the Neo Wave and Supply-Demand analysis:
---
Wave Analysis: A-G Progression ๐
1๏ธโฃ Wave E Completed ๐
Dogecoin recently completed Wave E, a bullish phase marking significant price recovery.
2๏ธโฃ Wave F: The Correction Begins ๐
Wave F is now in play, expected to be a highly volatile corrective wave.
Historical data shows that similar corrective waves (B & D) lasted between 196 and 347 days.
Expect the price to consolidate and retrace within this period before transitioning into the next phase.
3๏ธโฃ Wave G: Bullish ATH Potential ๐๐ฅ
After Wave F, Wave G could initiate a major bullish rally, potentially pushing Dogecoin to a new All-Time High (ATH).
---
Key Levels to Watch ๐ต๏ธ
Horizontal Green Zone:
Acts as a key support area where Wave F correction is expected to conclude.
Invalidation Level:
A weekly candle close below this level will invalidate the buy outlook and require reassessment.
---
Risk Management & Strategy ๐
Stop Loss:
Essential to safeguard capital amid Wave F volatility.
Capital Allocation:
Avoid over-leveraging during this corrective wave.
---
Whatโs Next?
Stay cautious during Wave Fโs volatility, but prepare for the bullish potential of Wave G.
Watch for price movements near the green zone to position yourself for the next rally.
---
๐ฌ Whatโs your strategy for Dogecoin in Wave F? Are you holding for Wave G or waiting for better entry points? Let us know in the comments!
#BTCNextMove #USUALAnalysis #USJoblessClaimsFall #BinanceAlphaAlert #GrayscaleSUITrust