The idea here is about BabyDoge, Mentioned below are the points to consider
Points as per TA on a daily Chart:
1. Wave 1-2 retraction completed as per technical’s there was a strong support at 0.786 Fib retracement (as per Elliott's wave theory) price bounced back from the support zone. This looks like we are on a 3rd wave at the moment.
2. Ichimoku conversion line is moving higher than the base line and above the cloud.
3. Current pattern clearly looks like cup and handle formation.
4. If the price breaks on the resistance we could surely see the price move to 1.618 Fib for wave2-3.
Currently with 1.2 + million holders of this token and increase in the number of holders we can expect price to move in upward direction. Point to be noted is when BTC was going down this token was on an upward direction.
The rest can be found on the chart
Disclaimer: The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment.
Points as per TA on a daily Chart:
1. Wave 1-2 retraction completed as per technical’s there was a strong support at 0.786 Fib retracement (as per Elliott's wave theory) price bounced back from the support zone. This looks like we are on a 3rd wave at the moment.
2. Ichimoku conversion line is moving higher than the base line and above the cloud.
3. Current pattern clearly looks like cup and handle formation.
4. If the price breaks on the resistance we could surely see the price move to 1.618 Fib for wave2-3.
Currently with 1.2 + million holders of this token and increase in the number of holders we can expect price to move in upward direction. Point to be noted is when BTC was going down this token was on an upward direction.
The rest can be found on the chart
Disclaimer: The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment.