Dogecoin/U.S. Dollar (DOGEUSD) TradingLounge Daily Chart Analysis
DOGEUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction (Next Higher Degrees): Wave ((Y)) of IV
Wave Cancelation Level: Not specified
Details: The corrective Wave IV may have concluded, signaling a potential price increase as Wave V begins.
Dogecoin/U.S. Dollar (DOGEUSD) Trading Strategy
- Wave IV appears to have ended at 0.2626, paving the way for a rally above 0.4804 in Wave V.
- Potential resistance lies at 0.6174, which may be tested if bullish momentum persists.
DOGEUSD Technical Indicators
- The price is trading above the MA200, indicating an uptrend.
- The Wave Oscillator signals bullish momentum, supporting the likelihood of an upward movement.
Dogecoin/U.S. Dollar (DOGEUSD) TradingLounge 4-Hour Chart Analysis
DOGEUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction (Next Higher Degrees): Wave ((Y)) of IV
Wave Cancelation Level: Not specified
Details: The corrective Wave IV may have concluded, with the price positioned for a potential increase in Wave V.
Dogecoin/U.S. Dollar (DOGEUSD) Trading Strategy
- Wave IV appears to have ended at 0.2626, setting the stage for a rally above 0.4804 in Wave V.
- Key resistance at 0.6174 may act as a target if the uptrend continues.
DOGEUSD Technical Indicators
- The price remains above the MA200, confirming a prevailing uptrend.
- The Wave Oscillator suggests bullish momentum, aligning with a probable upward price trajectory.
Technical Analyst: Kittiampon Somboonsod
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