DOGEUSD Elliott Wave Analysis – TradingLounge Daily Chart
Dogecoin / U.S. Dollar (DOGEUSD) Day Chart Technical Analysis
DOGEUSD Elliott Wave Technical Analysis
Function: Counter-trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Direction (Next Higher Degree): Wave (II) of Impulse
Wave Cancelation Level: N/A
Details:
Wave (II) may not be complete yet. The price is likely to stay below the 0.076 level, indicating further corrective movement.
DOGEUSD Trading Strategy
Currently, the market shows a 5-wave retracement of Wave (C). We are now entering the final phase of Wave Y, which is expected to test the 0.076 resistance level. This suggests the overall structure is short-term bearish, followed by a potential rally afterward.
DOGEUSD Technical Indicators
DOGEUSD Elliott Wave Analysis – TradingLounge 4-Hour Chart
Dogecoin / U.S. Dollar (DOGEUSD) 4-Hour Chart Analysis
Function: Counter-trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Direction (Next Higher Degree): Wave (II) of Impulse
Wave Cancelation Level: N/A
Details:
Wave (II) remains incomplete, with prices expected to remain under the 0.076 level for now.
DOGEUSD Trading Strategy
The 4-hour chart confirms the 5-wave retracement pattern for Wave (C). We are in the final stages of Wave Y, likely testing the 0.076 level soon. This pullback reflects a short-term correction before a new rally starts.
DOGEUSD Technical Indicators
Technical Analyst: Kittiampon Somboonsod
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