Dogecoin 5-waves down exhausted
Dogecoin price acting like i predicted. In accordance with my base scenario the 5 ways down structure is exhausted at this moment. Congratulations!
I see 3 probabilities how the price may continue developing. First of all, 5 waves down are never the end. Therefore, we could see a correction ~ to USD 0.103 if a Double Zigzag develops. You can see the target of the Double Zigzag in the screenshot.
A bit more globally, if we have a Leading Diagonal the price may correct up to 0.43 USD. But that's not my base case scenario.
One step back, on a primary Elliot waves degree level, there is a probability that the global wave will work out more rude right now. The targets i have mentioned earlier.
I see 3 probabilities how the price may continue developing. First of all, 5 waves down are never the end. Therefore, we could see a correction ~ to USD 0.103 if a Double Zigzag develops. You can see the target of the Double Zigzag in the screenshot.
A bit more globally, if we have a Leading Diagonal the price may correct up to 0.43 USD. But that's not my base case scenario.
One step back, on a primary Elliot waves degree level, there is a probability that the global wave will work out more rude right now. The targets i have mentioned earlier.
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