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))

Next Higher Degree Direction: Wave I of Impulse

Wave Cancel Invalid Level:

Details: Wave ((4)) may be complete, and the price may reenter an uptrend.

Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy:

Dogecoin is currently in a correction phase. Positioned in wave (II) with a Zigzag pattern, a short-term pullback is expected before rising in wave (III). Await the correction's completion to rejoin the uptrend.

Dogecoin/ U.S. dollar (DOGEUSD) Technical Indicators:

  • The price is below the MA200, indicating a downtrend.
  • The Wave Oscillator shows bearish momentum.'

DOGEUSD-1D-Crypto-Ch...

 


 

Dogecoin Elliott Wave Analysis TradingLounge H4 Chart

Dogecoin/ U.S. dollar (DOGEUSD) 4-Hour Chart Analysis

Dogecoin Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Zigzag

Position: Wave A

Next Higher Degree Direction: Wave V of Impulse

Wave Cancel Invalid Level:

Details: Wave ((2)) equals 61.8% of Wave ((1)) at 0.1373.

Dogecoin/ U.S. dollar (DOGEUSD) Trading Strategy:

Dogecoin remains in a correction phase. Positioned in wave (II) with a Zigzag pattern, a short-term pullback is anticipated before rising in wave (III). Wait for the correction to end before rejoining the uptrend.

Dogecoin/ U.S. dollar (DOGEUSD) Technical Indicators:

  • The price is below the MA200, indicating a downtrend.
  • The Wave Oscillator shows bearish 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

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 170 Markets Covered. Chat Room With Support

DOGEUSD-4hr-Crypto-C...

Related

Euro/British Pound (EURGBP) Forex Elliott Wave Technical Analysis: Forecast, Bearish Trends, and Key Levels Explained

Euro/British Pound (EURGBP) Forex Elliott Wave Technical Analysis: Forecast, Bearish Trends, and Key Levels Explained

This comprehensive EURGBP Elliott Wave analysis provides insights into the ongoing bearish trend, ke...

Read More >
Stay Informed with our Expert Analysis on ASX LIMITED - ASX Stock Analysis & Elliott Wave Technical Forecast

Stay Informed with our Expert Analysis on ASX LIMITED - ASX Stock Analysis & Elliott Wave Technical Forecast

Our detailed Elliott Wave analysis of ASX LIMITED provides valuable insights into current and future...

Read More >
South32 Limited Stock Analysis & Elliott Wave Technical Forecast: Critical Validation Points and Includes a Short-Term Forecast

South32 Limited Stock Analysis & Elliott Wave Technical Forecast: Critical Validation Points and Includes a Short-Term Forecast

This analysis provides an in-depth look at ASX: South32 Limited (S32) using Elliott Wave theory. It ...

Read More >
S&P BSE Sensex Index Elliott Wave Analysis – Technical Breakdown, Market Movements and Potential Trend Reversals

S&P BSE Sensex Index Elliott Wave Analysis – Technical Breakdown, Market Movements and Potential Trend Reversals

This detailed Elliott Wave analysis of the S&P BSE Sensex covers both daily and weekly charts. Learn...

Read More >
British Pound/Australian Dollar(GBPAUD) Elliott Wave Technical Analysis 1 February 24

British Pound/Australian Dollar(GBPAUD) Elliott Wave Technical Analysis 1 February 24

Gain valuable insights into the GBPAUD currency pair with our latest Elliott Wave Analysis. Explore ...

Read More >
Natural Gas Elliott Wave Forecast Suggests Bullish Rally to $6.2 with Key Support and Resistance Levels Identified for Traders

Natural Gas Elliott Wave Forecast Suggests Bullish Rally to $6.2 with Key Support and Resistance Levels Identified for Traders

Natural Gas price action using Elliott Wave theory, identifying bullish patterns and projecting a po...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on