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
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.
