DOGEUSD | ABC Wave Cup Pattern - Target Projection +120%
A potential ABC - Cup pattern formation scenario
TFW - current multiple falsebreak below 161.8% extension - a sideway / sideway down movement implication
> RSI convergence signal supporting wave 3 status
> Projecting wave 4 at rounding cup support level, possible 20 week moving average and 100% fibonacci support zone.
> Targeting wave 5 at 361.8% fibonacci extension of A wave at the key liquidity resistance level + 120% profit.
Always trade with affordable risk and respect your stoploss
Goodluck
TFW - current multiple falsebreak below 161.8% extension - a sideway / sideway down movement implication
> RSI convergence signal supporting wave 3 status
> Projecting wave 4 at rounding cup support level, possible 20 week moving average and 100% fibonacci support zone.
> Targeting wave 5 at 361.8% fibonacci extension of A wave at the key liquidity resistance level + 120% profit.
Always trade with affordable risk and respect your stoploss
Goodluck