Elliott Wave Analysis TradingLounge Daily Chart: Dogecoin/USD (DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next Higher Degrees: Wave I of Impulse

Wave Cancel Invalid Level:

Details: Wave (4) is likely complete, and the price is re-entering an uptrend.

Dogecoin/USD (DOGEUSD) Trading Strategy:

Dogecoin maintains an overall uptrend. The correction phase seems to be over, with prices beginning to rise again in the fifth wave. However, a slight pullback may occur before further increases. Traders should look for opportunities to join the uptrend.

Dogecoin/USD (DOGEUSD) Technical Indicators:

• The price is above the MA200, indicating an uptrend.
• The Wave Oscillator shows bullish momentum.

Elliott Wave Analysis TradingLounge H4 Chart: Dogecoin/USD (DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave ((C))

Direction Next Higher Degrees: Wave I of Impulse

Wave Cancel Invalid Level:

Details: Wave (4) appears to be complete, and the price is re-entering an uptrend.

Dogecoin/USD (DOGEUSD) Trading Strategy:

Dogecoin continues to exhibit an uptrend. The correction phase seems to have concluded, and prices are on the rise again in the fifth wave. There might be a slight pullback before further increases. Traders should look for opportunities to join the uptrend.

Dogecoin/USD (DOGEUSD) Technical Indicators:

• The price is above the MA200, indicating an uptrend.
• The Wave Oscillator shows bullish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Bitcoin/ U.S. Dollar (BTCUSD) Elliott Wave Technical Analysis

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