DOGEUSDT Weekly Analysis - Contracting Falling Wedge + Elliott WDogecoin / TetherUSBINANCE:DOGEUSDTAurex-finance-excosystemThe weekly chart is forming a Contracting Falling Wedge (also known as a descending wedge). Within this structure, we have a completed Elliott Wave Zigzag correction labeled (A)-(B)-(C): (A): Initial decline (B): Corrective retracement rally (C): Final leg down completing the zigzag at the lower wedge boundary Higher Timeframe Context: Weekly: Zigzag pattern in corrective phase (Confidence 54%) Monthly: Diagonal pattern in motive phase (45%) 3-Month: Ranging pattern (phase unknown 10%) Multi Timeframe Alignment: Neutral Current Scenario: The corrective zigzag appears complete at a strong Higher Timeframe (HTF) support zone. This setup strongly supports bullish trend resumption and a potential breakout from the contracting falling wedge. The projected line indicates significant upside potential as the long-term correction exhausts. Key Levels: Support: Lower boundary of the falling wedge + HTF support zone (near current lows) Resistance: Upper wedge boundary + previous (B) high Invalidation: Sustained breakdown below the wedge support My Rating: ⭐⭐⭐⭐ (4/5) Strong bullish reversal setup with good pattern completion at major support. Solid confluence for the next impulsive move higher. Pure technical analysis only.