SUMMARY
IF the breakout is genuine, then DOGE should soon deliver higher highs! The wedge pattern is likely complete with price breakout close to the Apex such that it probably could not have dragged on longer. The prior blue impulse waves provided the setup for the current correction which is likely complete.
Below shows what could be a very likely impulse towards higher highs. The first white impulse completed but it still looks a bit abc three wavish but given the current bullish sentiment for Cryptophere; I believe the blue, second round of impulse, should take prices to levels that would allow the bottom to be called not too long from now!
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
