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!
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.
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