Dogecoin to USD (DOGEUSD) Elliott Wave Analysis – TradingLounge Daily Chart

DOGEUSD Elliott Wave Forecast

Function: Trend-Following

Mode: Motive Wave

Structure: Impulse Formation

Current Position: Developing Wave 3

Next Higher Degree Trend: Yet to Confirm

Critical Invalidation Level: Awaited

Dogecoin to USD (DOGEUSD) – Daily Trading Strategy

Market Overview:
Wave (2) completed between $0.16113–$0.16525, forming a classic Zigzag corrective pattern. Dogecoin price action has now progressed into the final segment of wave 3, characterized by five minor impulse waves. A potential short-term retracement is anticipated, targeting the $0.22363 level.

Recommended Trading Strategies:

✅ Swing Trading Approach (Short-Term Focus):

Look for the wave 5 termination zone near $0.2236 to consider partial profit booking.

Keep an eye on momentum divergence or weakening price action, which could indicate the onset of wave (4) correction.

🟥 Key Invalidation Threshold:

The bullish wave structure is invalid if DOGEUSD falls below $0.18000.

Dogecoin to USD (DOGEUSD) Elliott Wave Analysis – TradingLounge 4-Hour Chart

DOGEUSD – Elliott Wave Forecast (H4 Chart)

Function: Trend Continuation

Mode: Motive Wave Structure

Pattern Type: Impulsive Wave

Wave Status: Mid-to-Late Wave 3

Next Directional Move: Pending Confirmation

Stop-Loss Level: $0.18000 (Invalidation)

DOGEUSD – Strategy Recap (4-Hour View)

Market Snapshot:
Wave (2) concluded between $0.16113–$0.16525 with a Zigzag correction. DOGEUSD is currently in the later stages of wave 3, with a potential peak near the $0.22363 resistance zone.

Trading Tips:

✅ Short-Term Swing Strategy:

Evaluate exit opportunities as wave 5 nears $0.2236.

Watch for loss of bullish momentum or divergence indicators as early signs of a coming correction.

🟥 Risk Management Note:

A break below $0.18000 invalidates the current bullish setup.

Technical Analyst: Kittiampon Somboonsod, CEWA

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here

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