[Music] Hello, hello, and welcome to another update video about Doge and Dogecoin. The chart is still holding above support. Above this micro support area here, which, um, yeah, we already reacted to actually on Friday. Then the price pushed to the next Fibonacci level at 48 cents. I

cannot rule out that this rally was still part of this wave four, actually. So maybe it's just like a flat correction that's unfolding here, and we get just the wave five to 60 cents with a little bit of a delay. But no support level is

broken. Uh, we're going to take a look at the 1-hour chart in a minute. I think here just sort of the the smallest micro support got broken, um, which again is an indication that maybe even this wave four is still unfolding and we never we never

finished it. It was just like a high B wave that formed, but it's great how the price just touched that next FIB level and it acts as resistance. Um, even though at some point, yeah, we should expect a rally to 60 cents in my view.

Okay, so ideally this happens before the larger wave four starts, but we'll talk about that in a minute. So overall, yeah, the idea is still that we are moving up in this larger degree third wave. Circle three, we could then get Circle four at some point.

That's what I'm watching for on the Bitcoin chart as well, and the fifth wave up. This is all part of, um, what people would call an altcoin season, I believe. Um, we talked about that in our member live stream today in detail. What my perspective is when altcoin season

should happen uh what people you know generally provide you know in terms of let's say um narratives you know which are not always um you know according to what really happened in the past or what we should expect this time so yeah but I think you know this is what people would

call an altcoin season um the the problem is I think people expect a major rally to happen you know like when this is over well we'll see but I mean the idea is that this is you know this is the cycle we've been watching and down here we highlighted

okay we should move up in a fifth wave ideally and we already in the third wave of that fifth wave and then there should be one more four five and that could be it that could be a let's say major top more substantial top that's forming

there and then we have to expect a correction afterwards and the idea is that this rally isn't quite finished and that we could finish this overall rally around $132 to $211 we can specify that further once we get closer to those cycle targets in the short term and now

I'm going to move over to the shorter time frame you can see here that the idea was that we could have bottomed here in this triangle which looked a bit strange but it's possible triangle after a triangle breakout we normally want to see a surge to the upside a rapid surge

well it was but then kind of got stuck at this next FIB level there it's always interesting how this kind of these levels are being respected so it could also just be an ABC structure as I've highlighted here in Orange because this was not yet a healthy fifth wave in my

you know in my interpretation so this could have been a wave four and then yeah I mean was this all of wave five but a bit weak then in that case so I think for me it's between wave five is still unfolding yeah um and this was indeed the wave four

in yellow and this is some kind of a one two three four five ending diagonal but that's only valid as long as we hold above this um e-wave low at 36.6 cents any break below it and I will remove that micro support the micro

support break already indicated that we're not in an Impulse to the upside right so it's getting choppy but not necessarily um confirming another test of the orange support region there between 34 and 25 cents um it's possible and it would simply be a

wider flat correction but I think the focus now needs to be on two levels the 36.6 Cent level to the downside as long as that's holding we could still go with that assumption that wave five is unfolding and any break above the 48 yeah 48 Cent

level would confirm further that wave 5 is indeed unfolding then I would focus on the 60 Cent level not much more to say really at the moment so I hope you like the update if you did please hit the like button leave a comment and subscribe and if you really like the

content then please check out the channel membership also make sure that you follow us on Instagram and Twitter for additional content thanks a lot for watching bye-bye

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Dogecoin Price Analysis: Current Market Situation and Predictions

Dogecoin price is holding above support, recently reaching 48 cents.

The recent rally might be part of a wave four correction, potentially leading to a wave five reaching 60 cents.

A minor support level broke, suggesting wave four might still be unfolding.

The 48-cent level is acting as resistance, despite an expected rally to 60 cents.

The overall trend suggests an upward movement in a larger third wave, followed by a fourth and fifth wave.

The current market situation is discussed in relation to an altcoin season.

Market narratives and expectations regarding altcoin seasons are analyzed.

The potential for a major rally after the current cycle is considered.

A prediction of a potential major top followed by a correction is made.

A potential overall rally target range of $132 to $211 is mentioned.

Shorter Timeframe Analysis and Wave Patterns

Analysis of a potential bottom in a triangle pattern and subsequent price surge.

Discussion of possible ABC structure or a weak fifth wave.

Consideration of whether a fifth wave is unfolding or if a wave four has completed.

A crucial support level at 36.6 cents is identified; a break below would invalidate the upward impulse.

Possibility of a wider flat correction is mentioned.

Focus shifts to the 36.6-cent and 48-cent levels as key indicators for further price movement.