DOGEUSDT - Complete Elliott Wave + Time to buy a bounce?
- On the weekly macro scale, we have succesfully completed an impulse wave (12345) to the downside!
- And because of that, i am expecting a retracement (ABC) to the upside.
- Target for the retracement is 0.618 FIB or if you are more conservative, you can choose 0.5 FIB + start of the wave 5, which is also a reasonable target.
- We have a hammer candle at the end of the impulse wave with a big wick, which is definitely a sign of rejection to go lower.
- If we take a look at the volume - I don't see any bearish pressure, so it's nice to see.
- Look at my analysis about Bitcoin and Ethereum (Elliott Wave) in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
- And because of that, i am expecting a retracement (ABC) to the upside.
- Target for the retracement is 0.618 FIB or if you are more conservative, you can choose 0.5 FIB + start of the wave 5, which is also a reasonable target.
- We have a hammer candle at the end of the impulse wave with a big wick, which is definitely a sign of rejection to go lower.
- If we take a look at the volume - I don't see any bearish pressure, so it's nice to see.
- Look at my analysis about Bitcoin and Ethereum (Elliott Wave) in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
