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 been formed, which I think for the normal pattern it will probably have a further 5 downward wave and will move relative to wave c to wave a to Fibonacci 1.00 if the range 0.1325 is completely broken ,This descent is confirmed.
If the roof of the orange channel is broken, we consider this zigzag completed.
We will compare this correction with our internal waves and do not currently consider the ratio of wave 4 to wave 3.
🙏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 been formed, which I think for the normal pattern it will probably have a further 5 downward wave and will move relative to wave c to wave a to Fibonacci 1.00 if the range 0.1325 is completely broken ,This descent is confirmed.
If the roof of the orange channel is broken, we consider this zigzag completed.
We will compare this correction with our internal waves and do not currently consider the ratio of wave 4 to wave 3.
🙏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!❤️