Hello, Skyrexians!
Today we have the king of memes DOGEUSDT on the plate. It had a massive bull run during the previous altseason in 2021 and after that it retraced not that much as most of other crypto. In this cycle DOGE performs great, but where is the target for the current bull run.
On the weekly time frame we drew the waves 3, 4 and potential 5. We can see the wave 4 has been finished exactly at 0.38 Fibonacci retracement with the green dot on Bullish/Bearish Reversal Bar Indicator [Skyrexio]. After that price started climbing to the new highs. If our Elliott waves counting is correct the wave 5 has the conservative target slightly above ATH at $0.8, this is great potential 3x gain!
Best regards,
Skyrexio Team
