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

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

hello and welcome to another update
video about Doge on the Doge chart we
have an unchanged pattern the market is
just still consolidating today we’ve
seen quite a bit of selling pressure
especially uh affecting
Bitcoin those is actually holding quite
well um compared to bitcoin and compared
to some other altcoins but actually the
altcoin sector as a whole is holding
quite well so the the challenge here is
to determine what what exactly this is I
would argue it’s impossible to know at
this stage what exactly here the micro
pattern is what I can tell you is that
so far the market has respected the
resistance area up here the resistance
area here and the support area so the
parameters are perfectly being respected
that’s exactly what we want right
and if we see a break above initial
resistance which is here at 17.4 cents
well that would be a really good
indication that a low has formed in this
correction if we get another low or not
I would argue it’s impossible to say I
think it would look best with one more
low but you know as good as I do that
sometimes we just don’t get this last
low because you never know if the move
here this
correction is an ABC structure or a wxy
pattern yeah it’s in my opinion
impossible to know ideally we I would
say ideally we get one more low from
just looking at the structure itself
because it just needs one more low in
the fifth wave okay targeting possibly
12.4 cents 12 cents but if Bitcoin turns
around now then Doge might not get that
last low and then it just turned into a
wxy pattern which we can’t know before
so it’s it’s often that like you know
that situation where we say okay maybe
one more low maybe not but then we need
to look at the parameters that are very
clearly defined and if we really get a
break above 17.4 cents then the price
would first of all most likely break out
of this wedge pattern to the upside and
could then rally in the fifth wave and
it would be too high for a reliable wave
four yeah it would just be the wave four
can extend absolutely it’s just you know
what is reliable and what’s not so
reliable and it just again it just
doesn’t want to come down as it seems so
I’m very open to the idea that the low
could be in yeah that’s what these
support areas are for the price reacted
twice to it we did have this support
Zone already here actually Doge did
really respect these support zones over
the last few months really well um down
here then here again now again and if we
take off from here then we are likely in
this fifth wave to the upside and Doge
should reach 25 26 Cents plus that’s the
next main Fibonacci level to the upside
here this one but then also we have the
28 Cent level above and 37 cents all
relevant upside targets when we have a
really um well defined fourth wave low
we can determine the targets to the
upside a bit better but that’s sort of
um what but I’m watching I would say
minimally 26 Cents and one more high and
then we should still see another higher
low in wave four and another higher high
in wave five that could take us into the
50 Cent region overall sort of Paving
the way for more bullish movement in
this yeah in this bullish Market but
it’s just not a beautiful structure here
right it’s still quite messy this here
could in reality be a lot of different
patterns really I mean it’s possible the
way four unfolds as a triangle so we
could place the fourth wave here and we
just get one more low in wave
five like that and then this uh sideways
range could just be an Elliot wave
triangle right like something like a wve
b wve c wve
d-wave one more lower high could be an
ewave and then goodbye okay but then it
might just be that one more low that
sends it back into support and the main
support level is 10.99 cents or 11 cents
doesn’t mean it has to come down to that
level it just means ideally we don’t
break below it because if we do then a
different pattern would probably apply
here a more bearish interpretation I
would I would actually I mean if it
makes one more low the 12 cent range
here sort of 12 12.4 cents would be
ideal and then go so for me it’s like
maybe one more
low but then we should move from there
or we’re already moving from here but if
it’s moving already from here then it’s
only possible in a diagonal pattern and
these are always less reliable so the
move to the upset will be ugly okay so
if the fourth wave forms or already
formed then this fifth is unfolding and
it would unfold as well this would be a
wave one 2 then a b c there would be a
wave three here then we get a four and a
five yeah this this is how it could
unfold um but we’ll see how exactly it
all comes together I think the
parameters are very clear I’m leaning to
further upside maybe now maybe after one
more low I would only have to change my
assumption about the chart with a break
below the 10.99 Cent level that’s my
update about do hope you like the update
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lot for watching bye-bye for

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

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