Good day traders!

We went through some ALTcoins and found an interesting and clear pattern on DOGEBTC (DogeCoin). So, as you see on the chart we can clearly count five waves up from lows, which confirms a bullish trend. But the most interesting fact is that recent drop from the highs is in three-waves a-b-c, also we can see how nicely is price touching the corrective channel and also what is very important is that the three-wave decline retraced exactly to 61,8% Fibo. level and the previous wave 4 support, so there's many factors, which suggest that DogeCoin can be supportive and we may see a new bullish cycle, but we strongly suggest to wait on a break above 0.00000081 bullish confirmation level!

DOGEBTC, 1h

ETHUSD can be making a triangle correction into wave B. This is a continuation pattern, which means once completed, price can move lower into the direction of the trend.

We expect a new decline into wave C towards 500 level, as longs as it's trading below 1100 level.

ETHUSD, 1h

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Answer: Gregor Horvat