DOGE Resets 5th wave Rally Structure with Lower-Low for 4th

10 Des 2021

DOGEUSD (Dogecoin) like ETC, BCH, EOS, and FIL hit a lower low over the past week with the sharp pullback across the crypto space. What this means is that the original lows from summer of 2021 were broken, which means that the correction that started after the big crypto top last May had not actually ended all this time. We've just been in a longer 4th wave consolidation this whole time (as marked by IV), and it appears to follow a double-zigzag pattern as we've seen across several cryptos.

While these 5 cryptos manifest this pattern, most cryptos do not. Bitcoin and Ethereum still have their bullish nested 1-2,i-ii setups for their final 5th waves intact as do other cryptos. With this reset, the new GREEN pattern projects DOGE to hit somewhere between 1.399 and 6.202, which represent the 0.382 and 0.618 extensions of our larger wave III-IV combo. That would make for an 8 to 37x return! But until we have a clear new 1-2 setup for DOGE, it will be not be possible to calculate a narrower target range for DOGE's top.

Now while the GREEN pattern sees the correction as complete, the RED alt pattern may have DOGE pullback into a deeper C-wave to 0.06 or even lower than that!

I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.