DOGE Update (8H)This analysis is an update of the analysis you see in the "Related publications" section
Before Dogecoin enters the bearish wave from the previous analysis, it seems likely to experience some fluctuations, which will be addressed in this analysis.
Dogecoin, from the point where we placed the red flash on the chart, appears to have entered an ABC correction. It is currently in wave B, which seems to be forming as a diametric pattern. At the moment, Dogecoin is at the beginning of wave G of this diametric, which is the final wave of this pattern.
Once wave B is complete, a bearish wave C is expected to form, driving the price toward the yellow zone. Since significant liquidity is being hunted in this area, Dogecoin might also form a higher high from this zone.
As the price approaches the yellow zone, we will update the analysis and the target range accordingly.
For risk management, please don't forget stop loss and capital management
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