Dogecoin Doge Crypto Price News Today – Technical Analysis Now! Dogecoin Elliott Wave Analysis!

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Hello and welcome to another update video about Doge Doge um continues to be in this pattern that we discussed in the previous video as well see if we zoom out a little bit here this the daily chart now there isn’t really much going on I mean this could turn into anything

Really could even be that this fourth wave is unfolding as a triangle but it’s bit too early to confirm that in in this scenario I mean we would be dealing with an a wve a b-wave a c-wave a d-wave an ewave and one more low not saying this

Is definitely what’s going to happen but I just want to me I think you should know it right I think you should know it I think you should know that another bare Market low is still definitely something that on the Doge chart cannot be ruled out okay it has to stay on the

Radar cannot be ruled out doesn’t mean it has to happen there’s not like prediction for a new bare Market low but it means the risk is there and if certain levels break you know we need to we need to be very much um yeah we need

To be ready for it potentially if if it’s needed we have to be ready um at the moment the idea is however that doge is likely going to follow the broader The Wider crypto Market doge is one of the coins that hasn’t really moved much

Yet but it also moved a little bit and the only way really how I can really count a bare Market low as complete is in the white count and it would have to be a truncation I have to use a truncation so the yellow count still suggests another bare Market low is

Possible in one way or another but the white count suggests the low could already be in now again that means already to you there isn’t I’m not highly confident the low is in because truncations require additional evidence okay so I cannot just believe them truncations means that it’s an a really

Imperfect move to the downside it did not that last wave down did not make a lower low below the previous low but it allows me to still count it as complete it’s an exception though um I will only I mean I’ll use it now to track a bullish structure because it’s for me

The only bullish structure that makes sense in a diagonal pattern like for example um you know other coins are moving like madic okay like link maybe so that makes kind of sense to me and I’ve got here in this structure a wave one a wave two wave three possibly

Finished we’d like to see the wave four now it might be unfolding and then one more high in a wave five that seems reasonable in this scenario to really confirm that a lasting low has been established in the first instance I need to see five waves up three are not

Enough um I’d like to see it actually form a little bit more of a heal healthy Wave 4 I mean it doesn’t need to come down much more but I showed it to you last time I think in this alternative ABC structure we said okay look May okay

Maybe the wave four is already in but it did not even touch the 38.2 retracement doesn’t need to it reacted already to the 23.6 FIP which I which is normally the minimum for a wave four I haven’t got that on the chart but um I would prefer to see here an ABC

Structure that’s a bit more extended this same scenario I mean is the wave for here is it here you we really only know once we see a proper impulse to the upside or at least well or break above the last high at 10.7 cents so basically

As long as the 7.2 Cent level is holding which is the golden ratio of the third wave rally okay as long as that level is holding one more high is preferred in wave five and then we should get an ABC structure down afterwards at least that would be needed to further confirm that

A lasting low has been established so this might act as a pullback trade setup not a high probability one better will be five waves up three waves down um yeah so what else to highlight here on this chart well what would be a target for the fifth wave based on the

Information I have right now I can specify that further once I have a confirmed low in place for wave four here yeah but based on the current levels I’d like to see 11.6 cents to 13.8 cents as a target for the fifth wave I would actually leave that on the

Chart now that’s the area between the 1.618 extension and the 200% extension that would be ideal as a Target um let’s move that on round about 11.5 to 13.7 cents would be ideal and that sort of it doesn’t matter if the wave four is already in or if we get a more extended

Wave four again I can give you a more precise Target once um The Wave four has bottomed and I have clear evidence for that that’s my update about Doge hope you likeed the update if you did please hit the like button leave a comment and subscribe and if you really like the

Content then please check out the channel membership also make sure that you follow us on Instagram and Twitter thanks a lot for watching bye-bye [Applause] l