DOGEUSD Elliott Wave Analysis: TradingLounge Daily Chart,

Dogecoin / U.S. Dollar (DOGEUSD) Daily Chart Analysis

DOGEUSD Elliott Wave Technical Analysis

• Function: Countertrend

• Mode: Corrective

• Structure: Zigzag

• Position: Wave ((C))

• Next Higher Degree: Wave II of Impulse

• Invalidation Level: N/A

• Details: Wave (II) appears to be complete, signaling a potential entry into an uptrend.

Dogecoin / U.S. Dollar (DOGEUSD) Trading Strategy:

The corrective wave (II) looks complete, and the price is likely to move upward. Traders should seek opportunities to join the wave (III) uptrend.

Dogecoin / U.S. Dollar (DOGEUSD) Technical Indicators:

• The price remains below the MA200, indicating a bearish trend.
• The Wave Oscillator shows bearish momentum.

DOGEUSD Elliott Wave Analysis: TradingLounge 4-Hour Chart

Dogecoin / U.S. Dollar (DOGEUSD) 4-Hour Chart Analysis

DOGEUSD Elliott Wave Technical Analysis

• Function: Countertrend

• Mode: Corrective

• Structure: Zigzag

• Position: Wave ((C))

• Next Higher Degree: Wave II of Impulse

• Invalidation Level: N/A

• Details: Wave II appears to have completed, signaling the potential for an uptrend.

Dogecoin / U.S. Dollar (DOGEUSD) Trading Strategy:

The wave 2 correction seems to be complete, and the price may continue moving upward. Traders should look for chances to join the wave 3 uptrend.

Dogecoin / U.S. Dollar (DOGEUSD) Technical Indicators:

• The price is below the MA200, reflecting a bearish trend.
• The Wave Oscillator signals bearish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Cardano / U.S. Dollar (ADAUSD) Elliott Wave Technical Analysis

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