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))
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