DOGE Will Show Relief Rally Before CrashHello, Skyrexians!
Yesterday we pointed out that Ethereum has not finished the global correction and is waiting for crush, today we found the same pattern for BINANCE:DOGEUSDT . We still have some space to go up, but finally we will see another one drop to new lows.
Let's take a look at the daily chart. Here we can see the potential Elliott waves counting. Recent dip was the wave 3, not a wave 5 because of awesome oscillator. It has not crossed the zero line which means that wave 4 has not been completed. Green dot on the bottom on the Bullish/Bearish Reversal Bar Indicator does not mean the global reversal, it's only the end of the wave 3. Target area for wave 4 is 0.38-0.5 Fibonacci. If there we will see the red dot, it can be great short opportunity. Target for DOGE wave 5 is very low, it can be even lower than $0.1.
Best regards,
Skyrexio Team
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