Dogecoin Shows Potential Golden Cross and Wave 3 Setup Amid Growing ETF Speculation
Main Idea
Dogecoin shows bullish signals with a Golden Cross and Elliott Wave 3 pattern, targeting $0.3763, supported by strong $0.12 support and growing optimism around ETF approval.
Key Points
1. Dogecoin has formed a Golden Cross and Elliott Wave 3 pattern, indicating a bullish trend with a target price of $0.3763.
2. The double bottom pattern near $0.12 has provided strong support, aligning with Elliott Wave Theory's Wave 3 phase.
3. Market speculation places the odds of a Dogecoin ETF approval at 75%, fueling investor optimism.
4. Historical patterns from 2017 and 2021 suggest Dogecoin could be preparing for another significant upward move.
5. Analysts highlight that breaking above key resistance levels could confirm a sustained bullish trend.
Description
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