DOGE Extremely Greedy

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A quick analysis with Elliott Wave : possibility of a deeper pullback till the monthly Central Pivot Range details on charts

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the thing that makes me concerned that the latest sharp move may require a longer correction and we may experience a retest of the latest low even lower before any bullish move

here are some observations
morning star pattern can be used as a visual sign for the start of a trend reversal from bearish to bullish
volume is not really contributing to the pattern formation
falling wedge pattern can occur just as the trend makes its final downward move

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if the price is able to breach cpr levels, then we may experience a move higher (but not ATH) then reverse to complete Elliott Wave double correction, otherwise we can experience further move down if the formation is impulsive 5 waves

oscillators are positive for time being, adx falling and positive directional index increasing. Ichimoku could can be a potential resistance

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analysis provided herein is not a financial advice
DGTEconomic CyclesElliott WaveFibonacci

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