DOGEUSD Elliott Wave Analysis: TradingLounge Daily Chart
Dogecoin/U.S. dollar (DOGEUSD) Daily Chart Analysis
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)) may be complete, indicating that the price could re-enter an uptrend.
DogeCoin/U.S. dollar (DOGEUSD) Trading Strategy
Dogecoin remains in a correction period. Positioned in wave (II) with a Zigzag pattern, a short-term pullback is expected before wave (III) ascends. Traders should wait for the correction to conclude before rejoining the uptrend.
DogeCoin/U.S. dollar (DOGEUSD) Technical Indicators
- Price: Below the MA200, indicating a downtrend.
- Wave Oscillator: Showing bearish momentum.
DOGEUSD Elliott Wave Analysis: TradingLounge H4 Chart
Dogecoin/U.S. dollar (DOGEUSD) 4-Hour Chart Analysis
DOGEUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave A
Direction Next Higher Degrees: Wave V of Impulse
Wave Cancel Invalid Level:
Details: Wave ((2)) is equal to 61.8% of Wave ((1)) at 0.1373.
DogeCoin/U.S. dollar (DOGEUSD) Trading Strategy
Dogecoin continues in its correction phase. In wave (II) with a Zigzag pattern, a short-term pullback is anticipated before wave (III) begins. Traders should wait for the correction to complete before re-entering the uptrend.
DogeCoin/U.S. dollar (DOGEUSD) Technical Indicators
- Price: Below the MA200, indicating a downtrend.
- Wave Oscillator: Showing bearish momentum.
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: Ethereum/ U.S. dollar(ETHUSD) Elliott Wave Technical Analysis
Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here
Access 7 Analysts Over 170 Markets Covered. Chat Room With Support
