📈DOGEUSDT Elliott wave analysis for 03.01.2024

On the H4 timeframe, the price is currently moving in a 4 subwave within the 3 wave.

The bullish trend on W1, D1 timeframes adds confidence in continuation of an uptrend both in short and long term for the instrument.

📈On the H4 chart of BTCUSDT, with high probability, the price is moving in a 4 Elliott wave with flat B sub wave within the correction. Recent drop in price can be identified as the beginning of C sub wave. Expecting further correction to 0.236 - 0.382 Fibo zones.

📈THETAUSDT (D1). On the daily chart the instrument, with high probability, starts the 2 wave in a new bullish cycle.

The target zones for the correction is price zone of $0.751 and $1.005 which corresponds with 0.78 and 0.5 Fibo grid levels.

After completion of 2 wave we should expect further bullish rally in the 3 Elliott wave.

📊On the daily chart of DOGE/USDT, the price has recently formed a bullish divergent bar within the 4th Elliott wave in a bullish cycle.

This signal could be an optimal level to consider a long position with targets in the 5th wave.

📊Similarly to DOGE/USDT, on the daily chart of VET/USDT, the price has recently formed a bullish divergent bar within the 4th Elliott wave in a bullish cycle.

This signal could be an optimal level to consider a long position with targets in the 5th wave.