DOGEUSD Elliott Wave Technical Analysis TradingLounge Daily Chart, 12 October 23

12Oct

DOGEUSD Elliott Wave Technical Analysis TradingLounge Daily Chart, 12 October 23

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

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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)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish Momentum.

Crypto23(1)

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