DOGEUSD Elliott Wave Analysis - TradingLounge Daily Chart
Dogecoin (DOGE) vs. U.S. Dollar (DOGEUSD)
DOGEUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triple Corrective
Position: Wave Z
Direction (Higher Degree): Wave (II) of Impulse
Invalidation Level: Wave Cancel Invalid Level
Details: Wave (II) is projected to complete, and the price is rising, initiating wave (III) with potential bullish momentum.
Dogecoin (DOGE) Trading Strategy
The corrective structure in wave II seems to have concluded, indicating focus on the potential five-wave rally of wave III. With the price action signaling an uptrend, traders may consider re-entry points aligned with this upward movement.
Dogecoin (DOGE) Technical Indicators
XRPUSD Elliott Wave Analysis - TradingLounge 4-Hour Chart
Dogecoin (DOGE) vs. U.S. Dollar (DOGEUSD)
DOGEUSD Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triple Corrective
Position: Wave Z
Direction (Higher Degree): Wave (II) of Impulse
Invalidation Level: Wave Cancel Invalid Level
Details: Wave (II) appears near completion, and price movement is inclining toward wave (III) with potential for continuation.
Dogecoin (DOGE) Trading Strategy
Wave II’s correction phase seems to have concluded, directing attention toward wave III's five-wave rally. The ongoing uptrend suggests identifying re-entry points that align with anticipated upward momentum.
Dogecoin (DOGE) Technical Indicators
Technical Analyst: Kittiampon Somboonsod
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