DOGE, the box is effective, the dog is a real dog.
From the perspective of the 4h pattern, Dogecoin has formed a double top structure, which has basically ended. The box structure is in the middle of the box. The 4h trend is a wave-b rebound. According to the Fibonacci retracement of 0.618, the position is near 0.4388. It has currently touched 0.4249 near 0.5. The Fibonacci retracement in the figure has a small error. After the b wave, the c wave pattern is formed. According to the position of 0.618, it is 0.3514. The specific trend is shown in the figure.
From the perspective of the daily line, to be honest, it is very complicated, forming a double top structure and a box structure, and the neckline is near 0.365. From the perspective of the Elliott wave pattern, the b wave can turn into the 5th wave, or directly from b to c, or even directly to a, so the overall trend of the daily line needs further confirmation.
From the weekly line, it belongs to the 3rd wave and may turn to the 4th wave adjustment at any time.
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