Elliott Wave Analysis TradingLounge Daily Chart, 12 October 23

Dogecoin/U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: wave C of Zigzag

Wave Cancel invalid Level: 0.0618

Details: the wave 5 trend decline to 0.0496

Dogecoin/U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin is still in a downtrend. The price structure is a continuous decline of wave 5 and the price has support around 0.0496, which is the target for testing.

Dogecoin/U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish Momentum

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get trial here!

Crypto23

 

Elliott Wave Analysis TradingLounge 4H Chart, 12 October 23,

Dogecoin/U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: wave C of Zigzag

Wave Cancel invalid Level: 0.0618

Details: the wave 5 trend decline to 0.0496

Dogecoin/U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin is still in a downtrend. The price structure is a continuous decline of wave 5 and the price has support around 0.0496, which is the target for testing.

Dogecoin/U.S. dollar(DOGEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish Momentum.

Crypto23(1)

Related

Euro/British Pound(EURGBP) Forex Elliott Wave Technical Analysis: A Comprehensive Overview for Traders

Euro/British Pound(EURGBP) Forex Elliott Wave Technical Analysis: A Comprehensive Overview for Traders

This article provides an in-depth Elliott Wave analysis of the EURGBP currency pair, highlighting ke...

Read More >
XRP/ U.S. dollar(XRPUSD) Elliott Wave Analysis: Predicting Price Trends, Triangle Pattern Signals

XRP/ U.S. dollar(XRPUSD) Elliott Wave Analysis: Predicting Price Trends, Triangle Pattern Signals

XRP technical analysis covers the current price movement, Elliott Wave patterns, and trading strateg...

Read More >
Texas Instruments (TXN) Stock Ready for a Breakout? TXN Elliott Wave Technical Analysis Reveals Key Levels and Price Trends!

Texas Instruments (TXN) Stock Ready for a Breakout? TXN Elliott Wave Technical Analysis Reveals Key Levels and Price Trends!

This Texas Instruments (TXN) Elliott Wave analysis examines TXN stock price trends, identifying key ...

Read More >
 GBPJPY Elliott Wave Technical Analysis - Offering Valuable Technical Perspectives for British Pound/Japanese Yen Currency Pairs

GBPJPY Elliott Wave Technical Analysis - Offering Valuable Technical Perspectives for British Pound/Japanese Yen Currency Pairs

This article provides an in-depth Elliott Wave analysis of the GBPJPY market, highlighting key wave ...

Read More >
Achieve ASX Trading Success: In-Depth COMPUTERSHARE LIMITED (CPU) Stock Analysis and Elliott Wave Technical Forecast

Achieve ASX Trading Success: In-Depth COMPUTERSHARE LIMITED (CPU) Stock Analysis and Elliott Wave Technical Forecast

Our detailed Elliott Wave analysis for ASX: Computershare Limited (CPU) offers expert insights into ...

Read More >
Explore Effective Trading Strategies for Polkadot Crypto Price: DOTUSD Elliott Wave Technical Analysis

Explore Effective Trading Strategies for Polkadot Crypto Price: DOTUSD Elliott Wave Technical Analysis

In this article, we provide an in-depth Elliott Wave analysis of Polkadot (DOTUSD), focusing on the ...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on