Technical analysis by BitcoinGuru about Symbol DOGE: Buy recommendation (2/19/2024)

Hi everyone! Today, lets dive in the technicals and boom and bust cycles of Dogecoin: Short-term: Doge will likely for the rest of the 2024 year remain in sideways and bound in the wide range delimited with the: Support block (green box) at: 0.056-0.036; and, Top resistance block (red box) at: 0.11-0.16c. In the incoming days / weeks, I am expecting doge to rally (a bit similar to the blue fractal as reference) towards the top resistance block (red box) at 0.11-0.16c which would be a great opportunity to take a little profit off the table there. There is a chance that doge retraces down from that resistance block to the 0.07c support block again which would be a great rebuy in 2024. I do not anticipate lower target unless there is a black swan even, but I do not expect any currently. Midterm: There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case doge is clearly displaying those bottoming bull reversal patterns although still unconfirmed: (1) Basing with a double bottom at 0.056-0.036c (2) Rounding bottom (half blue circle) Long-term: Dogecoin has still not broken the top resistance block (red box) at 0.11-0.16c and is still very far from breaking the previous ATH at 0.74c~. So buying know at 0.088c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make a whopping 3,000% in gains if my 2025 forecast plays out as expected and we see Dogecoin top at either T1: $2 or at T2: $3 by October 2025 through December 2025. Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of doge and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at 0.61-044c! Closing Notes: This multiyear Dogecoin chart is my attempt at forecasting the action of doge for the next 4 years and will be updated regularly. Please give a like and follow to this chart if you appreciate this chart and the work put behind it. Also follow my Tradingview account, X account and Discord crypto community to not miss an update. Best of luck and happy trading! Carl M.Trade active: For those who want to see more details, here is a 4K screenshot of the Weekly Dogecoin chart which was not publishing properly on Tradingview.