ETHUSD and DOGECOIN Cryptocurrencies Update
Good day traders!
Wij went through some ALTcoins and found an interesting and clear pattern on DOGEBTC (DogeCoin). So, spil you see on the chart wij can clearly count five swings up from lows, which confirms a bullish trend. But the most interesting fact is that latest druppel from the highs is ter three-waves a-b-c, also wij can see how nicely is price touching the corrective channel and also what is very significant is that the three-wave decline retraced exactly to 61,8% Fibo. level and the previous wave Four support, so there’s many factors, which suggest that DogeCoin can be supportive and wij may see a fresh bullish cycle, but wij strongly suggest to wait on a pauze above 0.00000081 bullish confirmation level!
ETHUSD can be making a triangle correction into wave B. This is a continuation pattern, which means once finished, price can stir lower into the direction of the trend.
Wij expect a fresh decline into wave C towards 500 level, spil longs spil it’s trading below 1100 level.
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