Foreign Welcome to another update video about Dogecoin we take a look here at the Chart on the for our time frame yeah in My opinion the yellow count is still in Control the bearish count there is just Especially with the latest decline here There is still short-term upset Potential there yes so so far Dodge Hasn't used it it even broke below the Channel support which is quite a bearish Sign now It is um still possible to have some Short term upside here but as you know I've been very skeptical towards any Bullish outcome here so I said at best We get here some short term upside In a c wave because this move to the Upside was so far very short yeah and if I consider this a larger decline like Indicated here a wave one a wave two a Wave three four five then this Wave 2 That we've seen here yeah if I was to Say Wave 2 finished here that would be Quite short Um it would only be like the 38.2 FIP Retracement which is quite short for a Wave 2 so primary expectation has to be To go a bit higher and if we look at This here we could say that this is an a Wave a b wave and a c wave and within The B wave we had here um so basically Wave a top tier then we had a b c in B And shortly we could expect a rally in
Three uh in C Um but the further we come down the less Likely this obviously gets if we look at The flip levels for this B wave we've Already come down now To the 61.8 percent flip level that's Still okay but if we go any lower I mean Absolute maximum I would sort of allow It to go to a 78.6 flip level at 7.8 Cents if it goes below that I think we Have a direct sell-off going on here Um looking at the sub waves if I say Okay we had here the B wave then we say A b c then we're now in the C wave maybe We had here a small one two setup this Might be the three now we've got a four And then a one more like down but then At the latest it should move to the Upside in C if it doesn't do that we've Got a direct sell-off and that would Just confirm my higher degree assumption That Dogecoin is not in a bullish setup Here yeah in the previous video we said If it gets above 14 cents We could consider something more bullish But until then the primary expectation Has to be that we come down lower and Yeah I gave you another key support Level where we can still find support in Wave B if we break below that we've got One more chance here at the seven Cent Level but if we lose that level key Support is in the four to five cent area Four-way three
Yeah okay and that's my update about Dogecoin hope you like the update if you Did please hit the like button leave a Comment and subscribe and if you really Like the content then please check out The channel membership thanks a lot for Watching bye Thank you