Hello traders, Dogecoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the main waves 1, 2 and 3 are formed and now we are inside wave 4.
Wave 4 is unexpectedly formed in the form of a zigzag, and this zigzag has completed its a and b waves and is now inside the c-wave.
According to the rules, wave c is formed in the form of five waves, and from these five waves, waves 1, 2, 3, and 4 are formed, and we are currently inside wave 5 of c.
Wave 5 seems to have changed the pattern from a simple leader to a leading triangle, and we assume that this triangle is at the end of its trend.
However, if the wave 4 channel is broken upwards, the ascending phase will start and this phase will continue until the previous peak.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
According to the count, the main waves 1, 2 and 3 are formed and now we are inside wave 4.
Wave 4 is unexpectedly formed in the form of a zigzag, and this zigzag has completed its a and b waves and is now inside the c-wave.
According to the rules, wave c is formed in the form of five waves, and from these five waves, waves 1, 2, 3, and 4 are formed, and we are currently inside wave 5 of c.
Wave 5 seems to have changed the pattern from a simple leader to a leading triangle, and we assume that this triangle is at the end of its trend.
However, if the wave 4 channel is broken upwards, the ascending phase will start and this phase will continue until the previous peak.
๐If you have an idea that helps me provide a better analysis, I will be happy to write in the comments๐
โค๏ธPlease, support this idea with a like and comment!โค๏ธ