DOGEUSD Elliott Wave Analysis - TradingLounge Daily Chart

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

DOGEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Next Higher Degree: Wave I of Impulse

Invalidation Level:

Details: Wave ((3)) is projected to test the 161.8% Fibonacci extension level of wave ((1)).

Dogecoin/ U.S. Dollar (DOGEUSD) Trading Strategy:
The Wave IV correction appears to be complete, indicating a potential continuation of the upward trend. Traders should look for opportunities to enter the market during Wave V's uptrend.

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

  • The price is trading above the 200-period Moving Average (MA200), signaling an uptrend.
  • The Wave Oscillator shows bearish momentum, which should be monitored closely.

DOGEUSD-1D-Crypto-Ch...


DOGEUSD Elliott Wave Analysis - TradingLounge H4 Chart

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

DOGEUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Next Higher Degree: Wave I of Impulse

Invalidation Level:

Details: Wave ((3)) is likely to target the 161.8% Fibonacci extension level of wave ((1)).

Dogecoin/ U.S. Dollar (DOGEUSD) Trading Strategy:
The Wave (2) correction appears to be over, and the price may continue upward. Traders should seek opportunities to join the uptrend during Wave (3).

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

  • The price remains above the 200-period Moving Average (MA200), suggesting an ongoing uptrend.
  • The Wave Oscillator indicates bearish momentum, which warrants attention.

Technical Analyst:  Kittiampon Somboonsod

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

See Previous: Bitcoin/U.S. Dollar (BTCUSD) Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

DOGEUSD-4h-Crypto-Ch...

Related

MicroStrategy Inc. (MSTR) Elliott Wave Analysis: Stock Price Prediction, Key Support and Resistance Levels, and Market Trends

MicroStrategy Inc. (MSTR) Elliott Wave Analysis: Stock Price Prediction, Key Support and Resistance Levels, and Market Trends

Elliott Wave analysis of MicroStrategy (MSTR) predicts a decline toward $213, with key support at $2...

Read More >
HCL Technologies Stock Analysis: HCLTECH Elliott Wave Technical Analysis Covers Chart Insights and a Detailed Forecast

HCL Technologies Stock Analysis: HCLTECH Elliott Wave Technical Analysis Covers Chart Insights and a Detailed Forecast

This article provides a comprehensive Elliott Wave analysis of HCL Technologies (HCLTECH) stock. It ...

Read More >
Corn Commodity Elliott Wave Technical Analysis: Offering a Comprehensive Price Prediction for Corn Market

Corn Commodity Elliott Wave Technical Analysis: Offering a Comprehensive Price Prediction for Corn Market

This article provides an in-depth Elliott Wave analysis of the corn market, offering a comprehensive...

Read More >
British Pound/ Australian Dollar(GBPAUD) Elliott Wave Technical Analysis 11 December 23

British Pound/ Australian Dollar(GBPAUD) Elliott Wave Technical Analysis 11 December 23

British Pound/Australian Dollar GBPAUD Elliott Wave Analysis Trading Lounge Day and 4-Hour Chart for...

Read More >
Our technical analysis of the DAX (Germany) Index highlights Trading Strategies | DAX Elliott Wave Analysis

Our technical analysis of the DAX (Germany) Index highlights Trading Strategies | DAX Elliott Wave Analysis

Discover a detailed DAX Elliott Wave analysis that delves into the current market trends and forecas...

Read More >
PaloAlto Networks Inc. stock price towards key levels: PANW Elliott Wave Technical Analysis and Potential Upside

PaloAlto Networks Inc. stock price towards key levels: PANW Elliott Wave Technical Analysis and Potential Upside

This detailed analysis of Palo Alto Networks (PANW) stock uses Elliott Wave Theory to explore the cu...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on