Elliott Wave Technical Analysis: DOGEUSD – Wednesday, December 20


Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily Chart, 20 December 23,Dogecoin / U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((5))Direction Next higher Degrees: Wave I of ImpulseWave Cancel invalid Level: 0.0573Details: the five-wave increase of wave 5Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: The wave 4 correction is likely to end at the 0.0862 level. We are looking at a five-wave rally of wave 5, which is likely to be above 0.1075. The overall outlook remains in the uptrend.Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.TradingLounge Analyst: Kittiampon Somboonsod, CEWASource : Tradinglounge.comElliott Wave Analysis TradingLounge 4H Chart, 20 December 23,Dogecoin / U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave ((5))Direction Next higher Degrees: Wave I of ImpulseWave Cancel invalid Level: 0.0573Details: the five-wave increase of wave 5Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: The wave 4 correction is likely to end at the 0.0862 level. We are looking at a five-wave rally of wave 5, which is likely to be above 0.1075. The overall outlook remains in the uptrend.Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. More By This Author:Elliott Wave Technical Analysis: UnitedHealth Group Inc. – Tuesday, Dec. 19
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