Dogecoin's long term is bearish

8月13日

In this update, we made the Dogecoin roadmap more specific.

According to the wave counter with recent data, the stop of bullish movements and the creation of important pivots, the time of waves, etc., the Dogecoin scenario is now more clear.

It seems that the price is in a WXYXZ (multiple correction) pattern, which in terms of time can continue until the end of 2025 (up to two vertical lines).

The white area is the large Dogecoin liquidity pool that has formed and is expected to be swept over the coming months.

By maintaining the supply range, Dogecoin can be involved in time correction and price correction for a long time and move towards the green demand range.

Closing a daily candle above the invalidation level will violate the analysis

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You