Doge fell out the ascending parallel, but had a coordinated jump from the descending wedge, after Elon's tweet, at the right time, as a break out from the yellow descending parallel.
There is a scenario where Doge could take more time to recover, but normally in an end-phase, there is mostly a fast manifesting 5 impulse wave up.
This is invalidated if we would have consolidation as a smaller descending wedge now outside the break out of the larger yellow wedge.
If we'd make it to 1 usd, we have to get much more volume, as seen below.. after a decreasing volume we should have a massive break out, seen in previous run up.. only faster.
This is the people's coin, so make it work !
ONly downside is bitcoin again of-course, making it possible to continue a downtrend within a larger H&S formation..
Though we see that Bitcoin's dominance is still insanely decreasing, and certainly after we know or just have heard that Bitcoin is actually not the right currency for future payments.
Altcoins should indeed behave individually without external influence like the stockmarket or bitcoin.
There is a scenario where Doge could take more time to recover, but normally in an end-phase, there is mostly a fast manifesting 5 impulse wave up.
This is invalidated if we would have consolidation as a smaller descending wedge now outside the break out of the larger yellow wedge.
If we'd make it to 1 usd, we have to get much more volume, as seen below.. after a decreasing volume we should have a massive break out, seen in previous run up.. only faster.
This is the people's coin, so make it work !
ONly downside is bitcoin again of-course, making it possible to continue a downtrend within a larger H&S formation..
Though we see that Bitcoin's dominance is still insanely decreasing, and certainly after we know or just have heard that Bitcoin is actually not the right currency for future payments.
Altcoins should indeed behave individually without external influence like the stockmarket or bitcoin.