Dogecoin Elliott Wave Analysis: Trades At Resistance

• Major coins trade at resistance zone
• Be aware of limited gains in the crypto market
• Dogecoin trades at resistance and looks for another decline

Major cryptocurrencies are still trading in the strong resistance zone, while some ALTcoins can be still hunting resistance levels as they can be just finishing the final pieces of the current corrective rally. We have seen some jump in the XRP, but so far still in three waves, so still be aware of limited gains in the Crypto market, especially now when we see June highs resistance has been retested.

Dogecoin, DOGEUSD is making a bigger intraday recovery, but still in three waves a-b-c, ideally up as part of flat correction within wave (b) of "y", resistance is near, and watch out for another decline back to lows for wave (c) of »y«, where strong 0.13 support is still open.

Dogecoin 4h Elliott Wave Analysis Chart