lliott Wave Shows Support Area in Doge Coin (DOGEUSD)

Elliottwave_Forecast
11-15

Short Term Elliott Wave view on Dogecoin (DOGEUSD) suggests rally from 6 September 2024 low is unfolding as a 5 waves impulse. Up from 6 September, wave ((i)) ended at 0.1798 and pullback in wave ((ii)) ended at 0.1419. The crypto extended higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 0.2178 and pullback in wave (ii) ended at 0.185. Wave (iii) higher ended at 0.304 and pullback in wave (iv) ended at 0.273. Final leg wave (v) higher ended at 0.4397 which completed wave ((iii)) in higher degree.

Wave ((iv)) pullback is in progress with internal subdivision as a double three Elliott Wave structure. Down from wave ((iii)), wave (w) ended at 0.3406 and wave (x) rally ended at 0.434. Wave (y) lower is now in progress and expected to reach the blue box area of 0.274 – 0.335 to complete wave ((iv)). This area is 100% – 161.8% Fibonacci extension of wave (w). From the blue box, the crypto currency should extend higher or rally in 3 waves at least. Near term, as far as pivot at 0.142 low stays intact, expect pullback to find buyers in 3, 7, 11 swing for further upside.

Doge Coin (DOGEUSD) 60 Minutes Elliott Wave Chart

DOGEUSD Elliott Wave Video

Source:https://elliottwave-forecast.com/news/elliott-wave-shows-support-area-doge-coin-dogeusd/

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment