Since December, with each new leg up, DOGE has quintupled (5x) its percentage gain relative to the last leg up.
For example
40%*5 -> 200%
200%*5 -> 1000%
1000%*5 -> 5000% (IF the pattern continues)
Additionally, its consolidation period also seems to be following a pattern of doubling, in addition to following the blue macro cycle/trend line.
12 days to 26 days
26 days to 50 days??
then ~50 days to a ~100 day consolidation period (IF the pattern continues)
This would ultimately mean DOGE would reach upwards of 2.00 USD, IF (big if) it continues to follow the pattern of quintupling % gains relative to the last leg up % gain.
Personally, I am unsure if DOGE will be able to reach that price.
However I do think DOGE could easily set a new ATH this year once alt-season rolls around.
Nevertheless I thought this pattern was interesting to say the least.
For example
40%*5 -> 200%
200%*5 -> 1000%
1000%*5 -> 5000% (IF the pattern continues)
Additionally, its consolidation period also seems to be following a pattern of doubling, in addition to following the blue macro cycle/trend line.
12 days to 26 days
26 days to 50 days??
then ~50 days to a ~100 day consolidation period (IF the pattern continues)
This would ultimately mean DOGE would reach upwards of 2.00 USD, IF (big if) it continues to follow the pattern of quintupling % gains relative to the last leg up % gain.
Personally, I am unsure if DOGE will be able to reach that price.
However I do think DOGE could easily set a new ATH this year once alt-season rolls around.
Nevertheless I thought this pattern was interesting to say the least.
Comment:
So I see this idea is getting some traction. As many who read this may be new to cryptocurrency, please take note that this is a pattern, not a prediction. Be careful out there.