Dogecoin Ready For A $2.43 Rally? Elliott Wave Says Yes
A new chart shared by BigMike7335 (@Michael_EWpro) via X suggests that Dogecoin could be on the verge of a strong bullish wave targeting $2.43. His analysis relies on Elliott Wave theory, which divides market movements into impulsive drives and corrective phases. According to this view, DOGE’s historic rally from about $0.0020 to its previous peak near $0.68 unfolded in five distinct waves, labeled as Wave 5(A). This run tracked key Fibonacci extension levels, including the 2.618 region around $0.14591 and the 3.618 near $0.68835, confirming a robust impulsive phase. Wave C Could Take....
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The market is continuing to break down as we have been expecting on these pages for the past several weeks. While I believe that the bear market will come to an end rather soon, I also anticipate that the market may finish its bear season with a vicious roar. I have stated on more than one occasion that I suspect that $316 will hold (on a daily closing basis). However, it would not surprise me if there were to be an intraday spike low that reached lower in the days ahead. For Elliott Wave reasons, I would be VERY surprised if the price went below $266, even briefly. Elliott Wave has but a....
Bitcoin broke through support and plunged to the lowest prices seen since 2020. However, despite all the fear the drop has caused, it could be the last low before the top cryptocurrency continues its bull run. Here is why an extremely rare Elliott Wave expanding triangle pattern could be the last hope Bitcoin bulls have for new highs before a bear market. Ralph Nelson Elliott And His Theory On How Markets Move Ask most crypto investors and they would probably agree: we are in a bear market. However, based on the guidelines of Elliott Wave Theory, the last year and a half of mostly sideways....
Bitcoin price correction was fierce, but short-lived. As this column is only updated every day or two, I don’t typically show short-term charts. But I thought this chart might be interesting for some who are following the column. This two-hour chart shows that the correction occurred almost exactly at the top of the 5th square of the setup. Interestingly, the rallies also accelerated as soon as the 2nd and 4th arcs were cleared. The correction went exactly to the 1×1 Gann angle (45 degrees). So we are once again confronted with the question: “What’s next?” As usual, I don’t know anything....
The price of XRP, the native token of RippleNet, has been caught in the crosshairs of a bearish crypto market. Currently trading below the crucial $0.50 mark, XRP seems to be following the broader market trend. However, a recent analysis by market analyst Tylie Eric throws a glimmer of hope for XRP holders, predicting a potential price surge based on a technical indicator. Related Reading: Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars Understanding Elliott Wave Theory Eric argues that XRP’s price movements might be following a historical pattern known as the Elliott....
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the total crypto market cap using Elliott Wave Theory. Specifically, this episode looks at where the current corrective phase may be along with where the cryptocurrency market is in its overall bull cycle. Take a look at the video below. VIDEO: Total Crypto Market Cap Analysis (TOTAL): August 24, 2022 Looking at the total cryptocurrency weekly chart, we examine the different types of corrections the crypto market might be in according to common Elliott Wave corrective patterns. Elliott Wave Theory....