fractalanalyst

​Based on my current technical study, we are navigating a classic 5-wave impulsive move to the downside. Here is what I am expecting:

​Wave 3 (The Power Leg): We are currently seeing Wave 3 targeting the 1.618 Fibonacci extension (~0.055 - 0.060). This is usually the strongest part of the move.
​Wave 4 (The Relief Bounce): Once Wave 3 finds its bottom, I expect a Corrective Bounce back towards the 0.075 - 0.082 range. This would be a typical Wave 4 retracement—a "Sell the Rip" zone for many.
​Wave 5 (The Final Capitulation): This is where it gets interesting. If Wave 5 extends as expected, the final target could sit much lower, potentially hitting the 0.019 (approx. 2 cents) zone or even lower towards the 1-cent mark.

​Trading Thoughts:

​Short Positions: I am currently holding my short (as seen in my recent P/L), but I'm keeping a close eye on the 0.06 support for a potential Wave 4 bounce.

​Risk Note: This is an expected fractal, not a guaranteed confirmation. Markets, especially meme coins like XRP, Doge, can be volatile. Always manage your leverage (Peers, 50x-100x be careful!).

​What do you think? Does Wave 5 have enough momentum to hit the 1-cent dream, or will the 0.055 support hold? Let me know in the comments!

​#Dogecoin #DOGE #ElliottWave #TradingAnalysis #CryptoMarket2026 #FractalAnalyst