Hi there all. We analyzed the Doge Coin for the first time on the 3rd of July, 2022 and expected a B Wave towards up from the dip around $0.04.
Previously on Doge Coin:
As seen above, our first Doge analysis for the first time aged well. We discussed that Doge finished the 5 Wave motive structure and started ABC correction. We have identified A Wave, B Wave and C Wave respectively above.
As it is clear, Doge is in Corrective Wave 2 and this ABC wave completed the A and currently developing the B structure.
1. DogeCoin in the Corrective Wave 2 (ABC Wave)
So we keep the same structure we set in July above? Yes, we do. It is still expected Doge to see a $0.36 level to finalize the B wave correction.
Finalizing the B wave will be the trigger for Wave C the last corrective wave of the 2nd Wave. C Wave targets $0.01 as the final correction point.
2. Doge Coin Targeting $40 with the 3rd Wave after the correction
After corrective Wave 2 which is targeting first $0.36 and then the $0.01 level, Doge is expected to continue Wave 3. Wave 3 targets the first Fibonacci Level at 161.80%
The subject Fibonacci level sits on $40 level. Considering the current Twitter plans etc. DogeCoin might find expanded are for its use case, especially with the support of Elon Musk (Article: "Elon Musk, the president of the United States of the World" by DefendDark)
Conclusion
DogeCoin is in correction and Wave B of the correction aims $0.36 first then the C wave of this correction targets $0.01. After finalizing the Grand Cycle Wave 2, Doge targets $40 with the motive Wave 3.
As always, I'd like to point out that none of the targets represented on defenddark.net and defenddark.com is financial advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.