DOGE remains within a larger 5-wave impulsive structure.
Price is currently developing wave 4, a corrective pullback within the broader bullish trend.
Wave 4 typically retraces a portion of wave 3, and the 38.2% Fibonacci level is one of the most common retracement zones in strong impulses. Current price action is approaching that region, aligning with a potential buy zone.
At this stage, the structure suggests correction - not trend reversal.
Plan
- Allow wave 4 to complete within the projected buy zone
- Look for lower-timeframe confirmation of reversal (trendline break, BOS etc)
- Position for wave 5 continuation once structure confirms
If momentum returns, wave 5 would be expected to produce a similar impulsive character to prior advances.
Goodluck and as always, trade safe!
Price is currently developing wave 4, a corrective pullback within the broader bullish trend.
Wave 4 typically retraces a portion of wave 3, and the 38.2% Fibonacci level is one of the most common retracement zones in strong impulses. Current price action is approaching that region, aligning with a potential buy zone.
At this stage, the structure suggests correction - not trend reversal.
Plan
- Allow wave 4 to complete within the projected buy zone
- Look for lower-timeframe confirmation of reversal (trendline break, BOS etc)
- Position for wave 5 continuation once structure confirms
If momentum returns, wave 5 would be expected to produce a similar impulsive character to prior advances.
Goodluck and as always, trade safe!
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t.me/Crypto_Wick
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📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.