Reason to trust
Strict editorial policy which focuses on precision, relevance and impartiality
Created by industry experts and meticulously revised
The highest standards in the declaration and publishing
Strict editorial policy which focuses on precision, relevance and impartiality
Leo football price and a little soft players. Each Arcu Lorem, ultimate all children or, Ultlamcorper football hates.
A recently published Dogecoin graphic (DOGE) of analyst Paul (@zig_zagtrades) suggests that the meme-based popular cryptocurrency could slide as low as $ 0.12 in a final corrective phase before trying a significant rebound. The graphic for a day, shared on X, describes a manual elliott wave structure that Paul interprets as a larger correction (a) – (b) – (c), culminating in a potential wave 2 near the region from 0.12 to 0.15 $.
No more inconvenience for Dogecoin to come?
In Paul analysisDogecoin has drawn a decrease of five sub-la-label since he reached a prominent peak labeled like wave 1 on his graphic. This summit coincided with a overvoltage of several days which lost the momentum and reversed lower, leading to a series of smaller waves marked at 1, 2, 3, 4 and now 5. The analyst indicates that this fifth and last final sub-switch probably concludes a wider C wave (or 2nd wave if the counter has a higher degree). Paul’s ratings highlight a “GZ” (a “golden zone” commonly used by traders to identify Fibonacci support clusters), and its marks identify the Fibonacci ratios which could define the short -term floor of Doge.
Related reading
The graph shows a group of levels of keys retreating from $ 0.16 to the beach halfway up of $ 0.11. Paul highlights fibonacci levels at 61.8% around $ 0.160257 and 0.150508, as well as deeper retraces at 78.6% almost $ 0.118726 and a 100% projection around $ 0.126709. These digital areas seem to be responsible for the “GZ” in which Paul thinks that Doge could finish his final sub-switch. According to the graphic, the pocket from $ 0.12 to $ 0.15 is distinguished as the most critical prices territory for bulls that seek to stop the in progress trend.
The path of the current price region towards this lower objective is labeled with a number of sub-la-label which suggests a final thrust under earlier stockings. The models of candlesticks on the graph confirm a sequence of lower high and lower stockings in recent weeks, a sign that the downward dynamics remain intact. The volume bars at the bottom indicate a regular sales pressure accompanying the pulses down, in accordance with the view that Doge could still spread his terminal leg of the correction.
Related reading
The use by Paul of the Cloud parameters of Ichimoku shows that the price has systematically exchanged under the cloud since the end of January, indicating that Doge has not yet restored any bullish momentum. The shaded green cloud area of its graph seems to have acted as a dynamic resistance, supporting the concept that the market has remained in a corrective posture for several weeks. The labeling by the analyst of the waves beyond the alleged background, marked (1) to (5), suggests a expectation of a possible ascending cycle if and when the part finds support in the “Gz” area.
While the graph projects a subsequent gathering of the planned bass, no warranty only exists Doge will certainly hold the band from $ 0.12 to $ 0.15. Do not have it theoretically extend the corrective scheme and undermine the number of upward waves, but Paul’s annotation implies that he sees the Downwing Current Like a last redness of sellers. According to his own words, “Doge 1D: a drop of sub-wade 5 installing a C / 2 final in the GZ for Doge”, suggests the expectation of a local In this area, although the global market management will depend on the question of knowing if enough buyers intervene at these levels of fibonacci.
At the time of the press, DOGE exchanged $ 0.17
Star image created with dall.e, tradingView.com graphic
