Daily Chart – Elliott Wave Analysis TradingLounge
Dogecoin/ U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: the corrective of Wave 4 before entry to uptrend again
Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
The fourth wave correction is likely to go down to test the 0.1169 level before rising again in the fifth wave. Therefore, the overall outlook is for a short-term pullback to continue rising. Wait for the correction to complete to re-enter the trend.
Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.
H4 Chart – Elliott Wave Analysis
Dogecoin/ U.S. dollar(DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (5)
Direction Next higher Degrees: wave ((C)) of Zigzag
Wave Cancel invalid Level:
Details: We are missing one Move down in wave 5 before the price entry to Uptrend again
Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:
A fourth wave correction came before falling again in the fifth wave. Therefore, the overall picture is a continuous decline. Wait for the correction to complete to re-enter the trend.
Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.Technical Analyst : Kittiampon Somboonsod
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