BREAKOUT ALERT:
$DOGE WEEKLY FALLING WEDGE TESTS HTF SUPPORT — 4/5 BULLISH CONFLUENCE
$DOGE has completed a full Elliott Wave A-B-C Zigzag correction directly into the lower boundary of a weekly Contracting Falling Wedge, while holding a key Higher Timeframe support zone.
This is where compression meets exhaustion.
▫️ Weekly structure remains intact
▫️ Sell-side momentum fading after corrective completion
▫️ Wedge support continues to hold
▫️ Multi-timeframe confluence building
Technical setup:
Pattern: Contracting Falling Wedge + completed Zigzag
Confluence Rating: 4/5
Weekly bullish confidence: 54%
Key levels:
Support → lower wedge boundary + HTF demand zone
Resistance → upper wedge boundary + prior (B) wave high
Invalidation → sustained breakdown below wedge support
Historically, completed Zigzag corrections at HTF support often precede impulsive expansions.
$DOGE is now entering that decision zone.
Correction complete. Compression active. Breakout conditions forming.
Signal: Bullish. 🟢
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