Elliott Wave Analysis: Dogecoin And Shiba Inu Eye Down

DOGEUSD can be still pointing to the projected 0.10 – 0.05 support zone, ideally within an ending diagonal pattern for wave »c«, where final subwave (v) can be still missing. So, after the current intraday corrective rally in wave (iv), watch out for another sell-off, maybe even a spike down before a bullish reversal.

Dogecoin Elliott Wave Analysis 

The book says: Every mania is followed by a decline that ends at the starting point of the advance. As you can see, after a mania cycle, SHIBUSD can be still looking for wave (C) sell-off that can send the price back down to 0.000010 – 0.000005 support zone and beginning of mania cycle, ideally once current sideways running triangle pattern in (B) fully unfolds.

Shiba Inu. Elliott Wave Analysis 

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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