Crypto Contest October 14: Dogecoin
Dogecoin (Bittrex: DOGEUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Dogecoin began a wave one advance in February. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in July, and the red wave two (blue sub-waves a-b-c) correction ended in September. If this wave count is correct, Dogecoin should be heading next towards the July peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Dogecoin is currently in the red wave three. The red wave three began in February.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Dogecoin is an open source peer-to-peer cryptocurrency, favored by shibas worldwide. Ivan on Tech interviewed the creator last year.
(Sources: https://dogecoin.com/)How Will Dogecoin Trade?
Dogecoin (Bittrex: DOGEUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices.
- Dogecoin will takeout the August peak
- Dogecoin will drop below the September low
- Dogecoin will stay in a trading range between the September low and the August peak until November 19
Answer the question at dpoll.xyz.