DOGE is known for insane Muskrallies and now it seems to be ready for one.
It's at the bottom support of the channel. Whether this is a 2nd wave or a B wave doesn't really matter because the E bounce would already be 50%. Anything below 16 cents would invalidate this idea and would most likely take it to 8 cents
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So far a perfect reclaim of the channel including a backtest. 6% up currently. Very bullish
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In order for DOGE to stay bullish it needs to reclaim the bottom trendline so D of the ABCDE can be verified as a fakeout
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It's still possible that DOGE made a D fakeout but the odds are getting really small. The weekly level needs to be reclaimed in order for DOGE to build up it's momentum. Otherwise 8 cents will be reached
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