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

DOGEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave ((C))

Direction Next Higher Degrees: Wave (C) of ((4))

Wave Cancel Invalid Level: [Not Specified]

Details: The corrective phase of Wave ((4)) is expected to complete before a new increase begins in Wave ((3)).

Trading Strategy

Wave (3) appears to have ended, and the price is now entering a correction phase in Wave (4). Wait for the correction to complete before rejoining the trend.

Technical Indicators

• The price remains above the MA200, confirming an uptrend.
• The Wave Oscillator shows bullish momentum.

Dogecoin/ U.S. Dollar (DOGEUSD) Elliott Wave Analysis - 4H Chart

DOGEUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave ((C))

Direction Next Higher Degrees: Wave (C) of ((4))

Wave Cancel Invalid Level: [Not Specified]

Details: The corrective phase of Wave ((4)) is expected to complete before a new increase begins in Wave ((3)).

Trading Strategy

Wave (3) appears to have ended, and the price is now entering a correction phase in Wave (4). Wait for the correction to complete before rejoining the trend.

Technical Indicators

• The price remains above the MA200, confirming an uptrend.
• The Wave Oscillator shows bullish momentum.

Technical Analyst: Kittiampon Somboonsod

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