- Altcoins may slide deep with Bitcoin
- Dogecoin can drop towards 0.13 support area
- ADA/USD stays sideways with potential triangle structure
Bitcoin, BTCUSD is moving perfectly as expected and seems like a bearish triangle formation is nearing the end as we see the final wave E in progress, so watch out for another decline this week that can send the price back to lows towards the 30k-25k area.
Image Source: Pexels
On ALTcoins we are still looking for bigger corrections, but now when they are trading at the upper line of a potential running triangle, then we should be aware of an earlier reversal down along with Bitcoin.
Dogecoin, DOGEUSD is weak like BTC at the moment and both have the same bearish triangle wave structures, so watch out for that drop back to lows towards the projected 0.13 support area before we will see any bigger recovery.
DOGEUSD 4h Elliott Wave Analysis
(Click on image to enlarge)
ADA/USD is one of the strongest ALTcoins, so maybe it will just stay sideways within a potential triangle formation, as wave (e) of »b« of B is still missing, while BTC can be headed back to lows.
ADA/USD 4h Elliott Wave Analysis
(Click on image to enlarge)
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