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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📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
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Want more breakdowns like this? Links below:
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.