The Trust Layer for Market Analysts

The analysis focuses on DogeCoin on the 1-hour timeframe, identifying a potential five-wave move up that may have completed. There's a support zone between 0.137 and 0.147 cents. The speaker is not convinced about a one-two setup, due to lack of a trend channel breakout. The analysis considers a corrective price channel started mid-October and notes the price is holding above critical support levels.The analyst suggests that the data around October 10 is unreliable and that a pullback could be considered as wave two. The analyst plans to look for a corrective three-wave move down to between 0.137 and 0.147 cents, and would then expect bulls to show up to drive the price higher in a third wave. A break above the upper boundary of the trend channel would confirm an upside breakout.The analyst indicates that the target price is 0.1658. Bulls need to defend 0.137.