E Dogecoin Elliott Wave Analysis - Eyes Down To 0.13 Level

Crypto market is sharply down after we noticed an intraday corrective rally in "b"/"ii", so be aware of more downside pressure now, especially because of the stock market sell-off. However, we are still tracking wave "c"/"iii" for now, but it still has to be finished by a five-wave cycle of the lower degree.

Crypto Market Cap 4h Elliott Wave Analysis

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total Elliott Wave Analysis

Regarding dominance, we can still see ETHBTC trying to turn down after we noticed a correction in wave B, so seems like ALTcoins are leading the way to the downside, which means that ETH and other ALTcoins can be weaker than BTC in upcoming days/weeks, especially if ETHBTC breaks below 0.065 bearish confirmation level that can later send the price back to lows for wave C.

ETHBTC 4h Elliott Wave Analysis 

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ETHBTC Elliott Wave Analysis

DOGEUSD is still pointing lower as mentioned and highlighted long time ago, especially now when the whole Crypto market is looking for more weakness. So, we are still tracking that wave (c) of »y« down to the first 0.13 support level, if not even down to 0.05x second support area.

Dogecoin 4h Elliott Wave Analysis

(Click on image to enlarge)

Dogecoin 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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