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QQ: 3107757292 There is no charge to enter the community, no exchanges, no recommended links The recent Dogecoin is a bit like an “unbeatable little strongman”. It kept falling, and it was almost falling to the key support area again. The good news is that this round of decline may finally be coming to an end. Technical aspect: "Falling to the limit, only one kick away from the bottom."”According to the latest analysis from Elliott Wave Academy, Dogecoin (DOGE) is still at the end of a downward wave, and the overall trend is approaching a key turning point. After looking at the 30-minute chart, they said that DOGE is now in the fifth wave of the third wave in a larger downward structure-it sounds a bit complicated, but the meaning is: the short sellers are almost out of bullets. This downward wave went so standard that technical people even called it a "textbook decline." But from a graphic point of view, the entire price channel structure has almost been drawn, and there is only one confirmation price left - if the price falls below the current small support, it means that this round of short market has completely ended and entered the final stage of decline. They predict that around $0.184 may be the “terminus” of this decline. By that time, the selling pressure is basically exhausted, and the bulls can slowly get up and take a breather. One sentence summary is: if it falls a little bit more, it may rebound.  Undercurrent: The power at the bottom is "accumulating energy"”Another crypto analyst, EᴛʜᴇʀNᴀꜱʏᴏᴴᴀL, also spoke out — and his view was a bit more optimistic than the former’s. He said that Dogecoin is like being in a "hibernation period" now. It's windy and snowy outside, but the body is actually accumulating heat. Once conditions are ripe, DOGE may "skyrocket upon awakening." (Everyone knows that the explosive power of this coin is sometimes more powerful than coffee) From a technical structure point of view, the bullish power is indeed slowly accumulating above the key support, and the market is brewing the ground for a sentiment reversal. In other words, although it seems that the bottom is still grinding, the energy at the bottom has begun to move. His advice is also very practical: "Don't rush to buy the bottom, and don't rush to cut the meat - Dogecoin needs time, not rush. ” Just wait for it to get out of the bottoming area. Once it breaks through and confirms a new upward trend, the intensity of the rebound may catch people off guard.  Summary: The silence before dawn does not mean there is no lightTaken together, this round of decline in Dogecoin is more like a "cyclical reshuffle", not an end, but to make room for the next market trend. The $0.184 area becomes a key observation point – if it falls here, a rebound could start at any time. The article ends here. I will do a more detailed analysis in the communication group. If you want to join my circle Welcome to private message me to join us→→ VX: JMXM3690  If you can’t add it via WeChat above, you can contact the author on the homepage! Prevent loss of contact QQ: 3107757292  |
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