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

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Yeah hello and welcome to another update video about Doge Doge obviously also suffered yesterday you know with that selloff across the across the sector that we witnessed um but yeah Doge did still hold our support level in fact that actually just followed the overall wave count that I would wanted to see

Which was a clear wave four what we had here you know that was this swing low that formed in the middle of December that was a little bit weak for all of wave 4 yeah if you can see that was a bit ofit bit of weakness so the idea was

We are moving up in a B wve I think I gave you resistance but it actually finished way earlier it did actually reach the ideal level but um if TimeWise it didn’t get back into that region so yeah the price formed a nice three-wave move to the downside which is what we

Often see in these wave four Corrections the only thing is the wave four looks quite sharp okay so it’s just something to consider normally the wave two if the wave two is sharp the wave four is rather a sideways correction but it’s only a guideline so it’s just something

To be aware of it’s a diagonal anyway we can’t really trust it okay you know you can never trust Diagon fully that’s one of these problems that really you can really only start to trust the structure after five waves up have have formed five waves up have formed and then the

Three-wave pullback gives a good trade setup basically at the moment all we see here is a potential diagonal what we can do is connect the tops of wave 1 and three add it to the low of the wave two and then we take a look at a potential

Or we look for low points around this area well it would be around the golden ratio 6 7.2 cents first of all I’m interested to see if the chart um yeah might might have bottomed already so it doesn’t need to go any lower I’ll show you why in a minute um and then

Obviously it would be important to hold that 7.2 Cent level that’s always a way for in a in a diagonal we can accept the golden ratio we can accept the 61.8 retracement level but already below the 50% FIB level which is at 7.7 cents things are starting to shift potentially towards

Something more bearish but at the moment you know I’m just observing can we hold this box for now it’s looking okay so there’s no reason at the moment to let’s say believe it would break it if it breaks it breaks then we have to readjust but for now the support level

Is quite clear and if we look at the micro structure again we could get one more low and if we form one more low if one more low happens then this would be one this would be here probably actually I guess you can debate if the wave 1 is here or

Here we could even get two more lows possibly see three four five depends if you you know it sometimes we we shouldn’t really try to you know to see the micro is too predictive especially not if there was a liquidity event like the one that actually happened because sometimes you see distortions sometimes

Some of these Subway structures are sort of hidden within one candle but I think it would look good with one more low but nevertheless you know what we can do we can take the length of the a-wave then we go to the high of the b-wave and

Typically like an ideal Target for a c-wave is the 100% extension level of the a-wave and that’s at 7.8 cents so that’s what I mean it doesn’t need to go any lower you know it’s from a Fibonacci point of view it already reached what it needed to reach and it’s just that

Sometimes these subwave structures are hidden as a said said so not entirely clear if we need another low or not but this is only the micro perspective these boxes are there for a reason you know you can incorporate these levels into your trading plan they typically lead to

Some kind of a response if it’s going to be already a sustained reversal or let’s say um yeah a substantial reversal that will lead the price into the wave five area around 11.5 to 13.7 cents we will see the Bulls will decide that together

With the bears but I can tell you that a break above that last swing high at 9.5 cents would be a first yeah suggestion indication that Alo has formed that’s my update about Doge I hope you like the update if you did please hit the like button leave a comment and subscribe and

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