Crypto market faces sharp intraday turndown.
Be aware of final decline back to lows.
Dogecoin price may face deeper and complex moves.
Looking at cryptocurrencies, after the recent slow price action and sideways corrective wave structure, we can now see a sharp intraday turn down, so seems like bears are still in control and we can see more weakness this week, so carefully and be aware of that final decline back to lows before bulls show up.
DOGEUSD is still doing well for now and we may see more upside once an intraday pullback in wave »b«/«ii« fully unfolds. However, because of the still bearish looking Crypto market, please keep in mind that a strong 0.13 support level is still open, so be aware of a deeper and more complex 7-swing w-x-y corrective decline that can retest the lows and 0.13 support zone before real bulls show up.
Dogecoin 4h Elliott Wave analysis chart #count1
Dogecoin 4h Elliott Wave analysis chart #count2
Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at Elliot Wave Forecast!
By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.