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DOGEUSDT
Entry 0.2364 2025-08-23 23:02 UTC
Target 0.2560
Fail 0.2250
Risk / Reward 1 : 2
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DOGEUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis focuses on DOGE/USDT using the 30-minute timeframe. Support has been found in the 0.20-0.2176 range. The price reacted to the support at 0.225, and consolidation has been observed. A five-wave move up followed by a three-wave move down is noted, often indicating bullish intent. Fibonacci retracement levels are considered, particularly watching the 78.6% level. The analysis suggests a diagonal structure upwards, with the aim of forming a five-wave move higher towards the 0.256 level. It is now consolidating above Fibonacci micro support between 0.225 and 0.234, suggesting this is wave 4. Maintaining above 0.225, targets are set higher with short term targets being 0.243 and 0.256. Focus should remain on higher prices as long as 0.225 support holds.
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