DOGE is reaching almost 138.2% extension from the low
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Doge is reaching nearly 0.80 as can be seen on a weekly chart marked by a Fibonacci 138.2% extension from the low 0.02. Since we do not have previous high levels we can only use the Fibonacci extension to have a clue where a pullback could occur so you can make some profit and build a new buying position.
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If we apply Elliott Wave to this instrument we can see that we are within the longest 3rd Impulsive wave and pullback should occur here before the Doge reaches 0.78 or even 0.90 in the 5th wave. We are seeing a huge negative RSI divergence as a warning.
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BASICS OF ANDREWS PITCHFORK TRADING ANALYSIS VIDEO EDUCATION
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