DOGE Bulls Back In The Game?!
Oct 31, 2022


DOGE bulls could be back in the game, as we see strong bounce after a completed three-wave A-B-C correction from Elliott wave perspective.

DOGE was trading bearish for the last year, but with current strong recovery back above channel resistance line on DOGEUSD daily chart, seems like bulls are back in the game, especially if we respect a completed three-wave A-B-C correction from Elliott wave perspective.

Looking at the daily chart, DOGEUSD can be now unfolding a new five-wave bullish cycle, especially if breaks above 0.17 bullish confirmation level, just be aware of short-term corrections within uptrend.

DOGE Bulls Back In The Game?! Daily Chart
DOGEUSD Daily Chart

If we take a look in the 4-hour chart, we still see an unfinished five-wave rally within wave 3. Currently we are tracking a pullback in subwave (iv) with support around 0.11 – 0.10 area, from where we can expect further rally within wave (v) of »iii« of 3.

DOGE Bulls Back In The Game?! 4H Chart

Well, if we are on the right path, then DOGE can easily see more gains, we just have to be aware of short-term corrective pullbacks.

Be humble and trade smart!

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