Dogecoin Elliott Wave analysis - eyes at 0.13 support zone

Bitcoin is falling sharply
Altcoins may fall down into a wave C of (B)
Dogecoin looks lower at 0.13 support area

Gregor Horvat Wavetraders

As per Elliott Wave analysis, Crypto currencies are moving perfectly as expected and there is no need to say anything, pictures say it all.

Bitcoin is falling sharply after the final wave E and Ripple, XRP is trying to turn down after only a three-wave corrective recovery, while other major ALTcoins may fall down into a wave C of (B) as part of flat correction.

So, bears are still here and watch out for more intraday weakness today and maybe even during the weekend.

Dogecoin, DOGEUSD failed to make a bigger recovery, so bears are probably still here and we are still tracking a bearish triangle formation within wave »b«, so watch out for more weakness towards projected 0.13 support area for wave »c«.
DOGEUSD 4h Elliott Wave Analysis Chart

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

Pepe Price Forecast: PEPE risks 100-day EMA fallout as bullish interest fades

Pepe is under extreme selling pressure, trading in the red for the fifth consecutive day, down 1% at press time on Friday. Pepe’s decline following a 72% hike last week suggests a likely profit-booking phase, while on-chain data indicates declining network activity.

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple find key support, reviving rally hopes

Bitcoin, Ethereum, and Ripple steadied above key support levels on Friday after being rejected at mid-week resistance zones. The short-term recovery prospects remain intact if the top three cryptocurrencies by market capitalization hold these support zones.

Top Crypto Gainers: JasmyCoin, Polygon, and Monero continue upward trajectory

JasmyCoin, Polygon, and Monero extend gains over the last 24 hours. JasmyCoin struggles to surpass its key psychological resistance, while Polygon and Monero extend their recovery. Still, the technical outlook for these coins remains mixed as the broader cryptocurrency market stalls.

XRP slides as institutional and retail demand falters

Ripple (XRP) is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.