Hello traders, Dogecoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the main waves 1, 2 and 3 are formed and now we are inside wave 4.
Wave 4 is unexpectedly formed in the form of a zigzag, and this zigzag has completed its a and b waves and is now inside the c-wave.
According to the rules, wave c is formed in the form of five waves. From these five waves, waves 1, 2, 3 and 4 are formed and we are currently inside wave 5 of wave c.
Wave 5 has done its minimum motion but its normal motion has not formed which I think for normal pattern wave 5 will probably have more downward and will move in proportion to wave c to wave a to Fibonacci 1.00 if the range 0.1325 is completely broken.
If the channel ceiling is broken, we consider the downtrend to be over and we will compare this correction with our internal waves and we will not consider the ratio of wave 4 to wave 3 at the moment.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
According to the count, the main waves 1, 2 and 3 are formed and now we are inside wave 4.
Wave 4 is unexpectedly formed in the form of a zigzag, and this zigzag has completed its a and b waves and is now inside the c-wave.
According to the rules, wave c is formed in the form of five waves. From these five waves, waves 1, 2, 3 and 4 are formed and we are currently inside wave 5 of wave c.
Wave 5 has done its minimum motion but its normal motion has not formed which I think for normal pattern wave 5 will probably have more downward and will move in proportion to wave c to wave a to Fibonacci 1.00 if the range 0.1325 is completely broken.
If the channel ceiling is broken, we consider the downtrend to be over and we will compare this correction with our internal waves and we will not consider the ratio of wave 4 to wave 3 at the moment.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️