Elliott Wave Analysis TradingLounge Daily Chart, 6 November 23,

Dogecoin / U.S. dollar(DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (1)

Direction Next higher Degrees: wave I of Impulse

Wave Cancel invalid Level: 0.575

Details: the Corrective of wave ((VI)) maybe complete and five-wave rise will support idea

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin's recovery from the 0.0574 level has evolved into a five-wave Impulse pattern, indicating that an uptrend is forming. The price is currently correcting again in a flat pattern. We will wait for wave C to complete to rejoin the trend.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge 4H Chart, 6 November 23,

Dogecoin / U.S. dollar (DOGEUSD)

DOGEUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave (B)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 0.575

Details: Pull back of wave B before decline again in wave c

Dogecoin / U.S. dollar(DOGEUSD)Trading Strategy: Dogecoin's recovery from the 0.0574 level has evolved into a five-wave Impulse pattern, indicating that an uptrend is forming. The price is currently correcting again in a flat pattern. We will wait for wave C to complete to rejoin the trend.

Dogecoin / U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.