DOGEUSD Elliott Wave Analysis – TradingLounge Daily Chart

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

DOGEUSD Elliott Wave Technical Analysis

Function: Counter-trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next Higher Degrees: Wave ((C)) of Zigzag

Wave Cancel Invalid Level:

Details: Wave 2 is likely ending, and the price is starting to rise again in Wave 3.

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

The corrective phase in Wave II appears complete, shifting focus toward the anticipated five-wave rally of Wave III. The price action remains bullish, confirming an uptrend. Traders should consider re-entering the trend to capitalize on the upward movement.

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

• The price trades above the 200-day moving average (MA200), signaling a continued uptrend.

• The Wave Oscillator reflects bullish momentum.

DOGEUSD Elliott Wave Analysis – TradingLounge 4-Hour Chart

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

DOGEUSD Crypto Technical Analysis

Function: Counter-trend

Mode: Corrective

Structure: Zigzag

Position: Wave (B)

Direction Next Higher Degrees: Wave (B) of Zigzag

Wave Cancel Invalid Level:

Details: Wave 2 is likely ending, and the price is starting to rise again in Wave 3.

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

Wave II correction seems complete, redirecting attention toward a five-wave rally in Wave III. The prevailing price action indicates bullish conditions, offering traders a potential opportunity to rejoin the upward trend.

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

• Price action above MA200 indicates an ongoing uptrend.

• The Wave Oscillator confirms bullish momentum.

Technical Analyst: Malik Awais

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