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The newly released video analysis by Crypto Coaterator Asif.et (Asifeth) is full that is currently circulating Dogecoin with what he calls a level of less than its value. he Display An explanation of the reason for his belief that the correction of the continuous currency has just ended – a process of explaining it through the lens of the Elliot wave, and more specifically, ABC.
Did Dogecoin finish the ABC correction?
In its discussion, the analyst described how Dogecoin showed a clear height, after which he saw “the first correction and then we got a higher height, a higher low … and then we got a C. C.
He suggested that this final “Cve C” has returned the symbol to a decisive support zone, noting that “this can be ABC and that the current correction plays with RSI in the Overritory area”, a case seen as strong to buy a signal. Although he admitted the possibility of different waves, he emphasized that the structure indicates a wide corrective stage that can now approach the completion.
The main price area it set extends from about $ 0.24 to $ 0.18, a region that has been repeatedly called “very good” place for the accumulation of Dogecoin. He pointed out that “a huge supply turns into a huge demand zone,” noting that the symbol has been reversed by this same range between support and resistance several times.
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Although he has confidence in the upcoming importance of that region, he set $ 0.16 as a strict piece that comes below from Dogecoin, saying: “In any case … you are less than $ 0.16, you must sell this symbolic symbol”, because it can Low down this level nullifies the entire bi -up. His point of view was that continuing to keep less than such decisive support may expose traders to deeper losses if negative feelings suddenly accelerate.
He also supported his argument by referring to the so -called fiber golden pocket, which was measured by what he described as his last lowest level in Dogecoin in August 2024 to the height of the subsequent price. By interfering with the spread of Fibonacci with the same demand area 0.24-0.18 dollars, it was found that the market is seen as a pivotal for the long-term Dogecoin structure. He described it as “completely compatible with the upper supply zone”, explaining that the meeting like this – in combination with the excessive RSI reading – enhances the possibility of price recovery.
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Although the analyst stated that the Dogecoin “noise factor” has declined, he explained that the lack of prevailing speculation as a positive sign, claiming “no one sells Dogecoin like Hyper Agressress, which can enhance stability in the short term. Feelings may turn , In his opinion, sharply once traders realize that the currency may fall into the ABC correction, especially if the conditions of the broader market become favorable.
He concluded that the importance of seeing these levels closely. A corridor sees $ 0.24-0.18 dollars as a major accumulation zone, and looks at $ 0.16 as a clear stop level in the event of a market collapse, and it is believed that the DOGECOIN price procedures about these thresholds will confirm whether ABC correction has been truly completed.
He mentioned his own words, “Dogecoin looks very good and very lower in this entire market,” and urged potential buyers to consider the risk ratio to the bonus at the time called the Mimi currency era, which seems to overlook.
At the time of the press, Dog was traded at $ 0.25.
Distinctive image created with Dall.e, Chart from TradingView.com
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