Dogecoin Analyze (Short term, Timeframe 1H, 01/16/2023)!!!🐶

Dogecoin is on the way to completing the main wave 4, while it has a zigzag structure (basically, when wave 2 is a flat correction, wave 4 will have a different structure).

I tried to mark the end of wave 4 on the chart. Most likely, the end of wave 4 is in the PRZ(Price Reversal Zone) or support zone and near the uptrend line.

One of the signs of the end of the main wave 4 is the break of the downtrend line by Dogecoin.

I expect Dogecoin to rise again after breaking the downtrend line to the heavy resistance zone.

Dogecoin Analyze (DOGEUSDT) Timeframe 1H⏰ (Log Scale).

Do not forget to put Stop loss for your positions (For every position that you want to open).

Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.

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Trade closed: target reached