Dogecoin appears to be currently on intermediate wave 4 (blue) and is about to start wave 5. Wave 4 is a flat correction, which is a 3-3-5 ABC correction. Soon, Doge should start pumping again and hit the short-term target of 11k.
Doge could hit as high as 1750 in the long term. Since cycle wave 1 (pink) and wave 3 are about the same length, wave 5 should extend. Then assuming a 0.618 retracement of wave 3 and a 1.618 Extension, we get a target around 1750k.
Doge could hit as high as 1750 in the long term. Since cycle wave 1 (pink) and wave 3 are about the same length, wave 5 should extend. Then assuming a 0.618 retracement of wave 3 and a 1.618 Extension, we get a target around 1750k.
