Total Quality
Score
If You Had Traded on This Analysis…
Pending

DOGEUSDT
Entry
0.2338
2025-08-17
20:50 UTC
Target
0.3800
Fail
0.1900
Risk / Reward
1 : 3
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DOGEUSDT
Pending

Body
The analysis focuses on Dogecoin (DOGEUSDT) using Elliott Wave theory. It identifies a five-wave move up from the August low, suggesting an uptrend. The current price is around 0.2386. Key support is at 0.20, with a potential ABC corrective structure forming. Resistance is noted at 0.256, 0.286, and a target of 0.38. If the price holds above 0.20, the bullish scenario remains valid. A decisive break above 0.256 would signal further upward movement, potentially to 0.286 and then 0.38. Failure to hold above 0.20 would invalidate the current analysis. Broader context from the daily chart indicates a support area around 0.13-0.17 which further strengthens the analysis.