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

ASX FPH Stock Analysis: Fisher & Paykel Healthcare Elliott Wave Forecast, Wave 4 Triangle Pattern, and Price Prediction Insights

ASX FPH Stock Analysis: Fisher & Paykel Healthcare Elliott Wave Forecast, Wave 4 Triangle Pattern, and Price Prediction Insights

Elliott Wave analysis for ASX: FPH (Fisher & Paykel Healthcare Corporation Limited). Our technical a...

Read More >
Coffee Commodity Elliottwave Technical analysis: Mastering Bullish Trends & Trading Strategies

Coffee Commodity Elliottwave Technical analysis: Mastering Bullish Trends & Trading Strategies

This guide offers an in-depth exploration of the Elliott wave analysis in the context of the coffee ...

Read More >
British Pound/Japanese Yen(GBPJPY) Elliott Wave Technical Analysis 22 November 23

British Pound/Japanese Yen(GBPJPY) Elliott Wave Technical Analysis 22 November 23

GBPJPY Elliott Wave Analysis Trading Lounge Day Chart" dated 23 November 23, offers an in-depth...

Read More >
Alphabet Inc. (GOOGL) Stocks Technical Analysis: Potential Stock Price Movements and Market Trends using Elliott Wave Theory

Alphabet Inc. (GOOGL) Stocks Technical Analysis: Potential Stock Price Movements and Market Trends using Elliott Wave Theory

This article provides a detailed Elliott Wave analysis of Alphabet Inc. (GOOGL), focusing on daily a...

Read More >
Netflix Inc. (NFLX) Stock Forecast: Elliott Wave Analysis Reveals NFLX Price Prediction, Technical Trends, and Key Trading Levels

Netflix Inc. (NFLX) Stock Forecast: Elliott Wave Analysis Reveals NFLX Price Prediction, Technical Trends, and Key Trading Levels

Netflix (NFLX) stock analysis using Elliott Wave principles. Understand current wave positions, pric...

Read More >
Insights into BTCUSD price prediction and trading strategies: Bitcoin Crypto Price News Today Elliott Wave Technical Analysis

Insights into BTCUSD price prediction and trading strategies: Bitcoin Crypto Price News Today Elliott Wave Technical Analysis

This article provides an in-depth BTCUSD Elliott Wave analysis, offering insights into Bitcoin price...

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